🪙Decentralized Exchange
www.dannycoin.io
Last updated
www.dannycoin.io
Last updated
Decentralized exchanges, also known as DEXs, are peer-to-peer marketplaces where cryptocurrency traders make transactions directly without handing over management of their funds to an intermediary or custodian. These transactions are facilitated through the use of self-executing agreements written in code called smart contracts.
DEXs were created to remove the requirement for any authority to oversee and authorize trades performed within a specific exchange. Decentralized exchanges allow for peer-to-peer (P2P) trading of cryptocurrencies. Peer-to-peer refers to a marketplace that links buyers and sellers of cryptocurrencies. They are usually non-custodial, which means users keep control of their wallet's private keys. A private key is a type of advanced encryption that enables users to access their cryptocurrencies. Users can immediately access their crypto balances after logging into the DEX with their private key. They will not be required to submit any personal information like names and addresses, which is great for individuals who cherish their privacy.
Innovations that solved liquidity-related problems such as automated market makers helped attract users to the decentralized finance (DeFi) space and largely contributed to its growth. DEX aggregators and wallet extensions fueled the growth of decentralized platforms by optimizing token prices, swap fees and slippage, all while offering a better rate for users.
DANDex we are a decentralized exchange platform for exchanging BEP-20 tokens on the most stable Binance Smart Chain network. This network guarantees superior speed and lower transaction costs on the network. Decentralized financing through products and services is fast, secure, and tokens can be swapped by anyone. and can connect to multiple wallets
Users can swap their tokens through the Swap function. DAN swap already created some mainstream trading pair liquidity pools. Users can swap between any two supported tokens by paying a 0.35% swap fee. DAN swap Exchange is an automated market maker (AMM) that allows a user to exchange two tokens on the Binance Smart Chain network. The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn LUC tokens in the "Farms".
Liquidity pool is used to facilitate swapping, loaning, perpetual contract, and options functions in DAN swap. We create DAN to USDT, BNB, and other mainstream trading pair liquidity pools in the future When you add liquidity to the pool, you will get LP tokens. When someone makes a token swap, a transaction fee of 0.2% . The liquidity pool will also allow you to stake your LP tokens to earn DAN tokens in the “Farms”. Hence, apart from earning income from token swap transactions, a user will be able to stake LP tokens and earn DAN tokens.
DAN Swap offer multiple farming opportunities to our users. You can stake your LP tokens and earn DAN tokens in return. We will incentivize many liquidity pairs by offering our Liquidity Providers the chance to stake their LP tokens in our farms.
Yield farming can give better rewards than Syrup Pools, but it comes with a risk of imminent loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.
The DAN Lottery is a game of chance in which winners are selected randomly. Our lottery allows every user who bought at least one lottery ticket.
Specifics
Valid lottery token: ADAN
Lottery ticket cost: $1 in DAN
User entry limit: only 500 tickets can be bought in one go
Max number of tickets to be purchased at a time: unlimited
Duration: 12 hours for 1 lottery round
One lottery ticket gives a user a random 6-digit combination with each digit being between 0-9.
Ticket costs and bulk purchase discount
Lottery ticket prices are set at the start of the new lottery round, and target $1 USD. Buying multiple Lottery tickets at once gives a bulk discount on your purchase.
DANDex swap Launch pool is a less resource-intensive alternative to mining. It lets you use your tokens to earn more tokens, for free, you lock your cryptocurrency to receive rewards. beginning, a user could stake only DAN tokens in exchange for more DAN. Now, there are more opportunities, DAN Swap can stake DAN in exchange for other tokens, too.
NFT
Non-fungible tokens, or NFTs, are the latest cryptocurrency NFTs transform digital works of art and other collectibles into one-of-a-kind, verifiable assets that are easy to trade on the blockchain. At the DAN Swap function, an NFT menu will appear. The function will be linked to the NFT Marketplace
New projects will be added in the DAN Swap function, team will notify in Community.
