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 liquidity pool work in crypto?

A liquidity pool refers to a pool of tokens that are locked in a smart contract, which is a self-executing program based on the agreements between the buyer and seller . The pool enables cryptocurrency trading by providing users with liquidity. Liquidity refers to the ease with which a token can be swapped with another.26 Oca 2022

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