How the justswap

in steemit •  2 years ago 

How the justswap

JustSwap is a decentralized exchange (DEX) built on the Tron blockchain. It allows users to trade TRC20 tokens without the need for intermediaries such as banks or brokers. JustSwap uses an automated market maker (AMM) system to determine the price of tokens, based on the ratio of supply and demand.

To use JustSwap, users must first have a Tron wallet and some TRX (Tron's native cryptocurrency) to pay for transaction fees. They can then connect their wallet to JustSwap and select the token they want to trade. JustSwap will automatically calculate the price based on the available liquidity in the liquidity pool, which is funded by users who deposit their tokens in exchange for rewards.

Users can trade their tokens by placing buy or sell orders on JustSwap. The trade will be executed automatically, with the transaction being confirmed on the Tron blockchain. JustSwap charges a small fee for each trade, which is used to incentivize liquidity providers and maintain the platform.

Overall, JustSwap provides a fast, secure, and decentralized way for users to trade TRC20 tokens on the Tron network.

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2 years ago by

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