How do token swaps work?

A token swap is an agreement between two parties that exchange different token types (say token ???? and token ????). In a token swap, one party will pay a certain amount of token ???? to the other party and receive the agreed amount of token ???? in return .

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How do you do a token swap?

Token swaps are supported through a process of registering and auditing or are facilitated through a cryptocurrency exchange . In the first case, token holders are gradually invited to register their tokens by the developer of a blockchain project, who then accredits such tokens through a supported wallet.

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How does Binance liquidity pool work?

Binance Liquid Swap is based on a pool of liquidity. There are two tokens in each pool, and the relative amount of tokens determines the price between them and can always be traded as long as there are corresponding tokens in the pool . Binance Liquid Swap offers more stable prices and lower fees for large transactions.

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