What is MCSwap ???
MCSwap is a short form of “MegaShark Coin Swap”.
MCSwap is an exchange protocol on TRON network for exchanges between TRC20 tokents. <https://tron.network/>
Conversion can happen easily between any 2 TRC20 tokens based on system price. This ensures full decentralization and security.
What is Liquid Swap?
Liquid Swap is a liquidity pool developed based on the AMM (Automatic Market Maker) principle. It consists of different liquidity pools, and each liquidity pool contains two digital tokens or fiat assets.You can provide liquidity in the pools to become a liquidity provider and earn transaction fees and flexible interest.Also, you can swap two digital tokens or fiat assets in the liquidity pools easily.
How is price determined?
Price is determined by the number of tokens in each pool.The smart contract maintains a constant function: x*y=k, in which x = token1, y = token2, k = a constant number. Each swap takes place by replacing some of the tokens with a certain number of the other token. As k remains unchanged, balances of the tokens will be updated accordingly, which leads to changes in prices.
What is decentralization?
In blockchain, decentralization refers to the transfer of control and decision-making from a centralized entity (individual, organization, or group thereof) to a distributed network. Decentralized networks strive to reduce the level of trust that participants must place in one another, and deter their ability to exert authority or control over one another in ways that degrade the functionality of the network.
What is open source APP?
Open source APP is APP with source code that anyone can inspect. “Source code” is the part of software that most computer users don’t ever see; it’s the code computer programmers can manipulate to change how a piece of software—a “program” or “application”—works.
Two more items you should know before you use MCswap
Does MCSwap charge any trading fee for exchanging tokens?
YES
You need to pay token liquidity providers a 0.3% trading fee. For example, when you are exchanging token 1 for USDT, 0.3% of token 1 will be charged as the trading fee. 0.3% of BTC will be charged as the trading fee when exchanging BTC for token 2.
Is Liquid Swap a guaranteed investment?
No
Possible losses may be caused by:
- Fluctuations in token prices or fiat exchange rates, which will affect the value of shares.
- When a large amount of a single token is added or redeemed, the value of the share will be affected and lost due to excessive slippage.
- Frequently adding or redeeming tokens.