ESWAP
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ESWAP is a decentralized trading platform built on the Ethereum chain and uses the Ethereum smart contract, ERC20, to execute peer-to-peer transaction systems of encrypted assets on DEX. All transaction records performed by users on ESWAP are recorded on the Ethereum blockchain, and is completely transparent whilst protecting personal user privacy.
In ESWAP, all encrypted assets owned by users are controlled using their own digital wallets, as ESWAP is not subject to any entrustment processes.
The three core functions of ESWAP include, exchange, staking and the automated market maker (AMM).
ESWAP Core Functions
EXCHANGE/SWAP
In decentralized trading platforms, the exchange function is considered the most basic and pertinent of all functions.
It has completely changed the trading mode of the traditional order book process, due to users trading with liquidity asset pools in decentralized trading platforms.
For users, the exchange process is rather simple whereby users would only need to select the tokens they want and the tokens they currently own (to trade with) and perform an exchange.
In ESWAP, 0.4% in exchange fees are charged for every successful exchange.
STAKING
All digital assets obtained through the exchange function are encrypted assets initially staked by liquidity providers.
Therefore, traders can also become liquidity providers on ESWAP, allowing them to earn commission during the exchange process to create passive income.
During the exchange process, all 0.3% in exchange fees shall accumulate in the stake pool for subsequent allocation in accordance to the amounts staked by liquidity providers until they are decompressed by the latter.
Automated Market Maker(AMM)
As one of the most important technologies of decentralized exchanges (DEX), the AMM model has proven itself to be one of the most influential DeFi innovations, which is a step above traditional open book trading models in comparison.
AMM has fundamentally changed the way users trade encrypted assets in DeFi, as buyers and sellers perform exchanges with the liquidity asset pool on the chain. Very simply, the AMM is an algorithmic formula (X*Y=K) which ensures that buyers and sellers conduct trades at reasonable and fair prices.
ESWAP Liquidity Mining Token TUBE2
The key difference between mobile mining and traditional mining is that mobile mining does not require any equipment such as a mining rig (mining machine), as mobile mining only requires a smartphone to perform mining.
The liquidity pool allows users to seamlessly switch between tokens on the chain in a fully decentralized and non-custodial manner.
Further, liquidity providers (LP), are individual investors whom provide funds into the liquidity pool.
As such, commissions and token earnings are dependent on the occupancy rate of the staking pool.
What is TUBE2?
As the token for ESWAP, TUBE2 does not have any private placements nor pre-mining capacities, as all TUBE2 may only be mined through user participation in ESWAP liquidity mining.
The primary feature of TUBE2 is that the token is generated on the Ethereum blockchain, which also means that TUBE2 is expected to possess high liquidity, due to most decentralized trading platforms being built on the Ethereum blockchain.
As such, there is great demand for TUBE2 because the token does employ total circulation. Its daily output is determined according to the ESWAP trading pairs to ensure the balance between TUBE2 supply and demand.
It should be noted that TUBE2 also employs a destruction mechanism which is triggered when supply exceeds demand.
