JustSwap is the first decentralized token exchange protocol on the TRON platform, allowing users to exchange any TRC-20 token for an instant system price.
JustSwap also allows users to earn trading fees by becoming a liquidity provider, even getting commission-free on the protocol. In addition to the TRC-20 token exchange, JustSwap users have the ability to earn transaction fees and mining rewards.
Features of JustSwap
JustSwap has five core strengths:
- It allows traders to instantly exchange between any TRC-20 tokens. Market makers make profits without any barriers to entry.
- Unlimited Liquidity: It is well known that liquidity is paramount to all crypto projects, trading platforms, and even the entire industry. And JustSwap provides thousands of traders and hundreds of projects with unlimited liquidity.
- Great utility: JustSwap allows instant exchange without matching.
- Comprehensive Availability: JustSwap is available to everyone, providing a truly fair and open financial market as TRON promised.
- High Profits: Users will receive processing fees continuously without commission.
Tron Thrives on DeFi After Launching Justswap
Tron already has its own DeFi protocols that look uncanny like Yam.finance after the successful implementation of JustSwap, with a company called “TronFi” leading the way.
So far, Pearl.finance, Salmon.finance and Carrot.finance have been launched. All of these protocols feature a liquidity mining incentive to attract investors to deposit USDT, TRX, or other tokens into the protocols for minting governance tokens.
While it is unclear how much traction Tron’s DeFi protocols are gaining, there is room for blockchain in the short term because of Ethereum’s high transaction fees.
How does JustSwap work?
JustSwap is an automated liquidity protocol. There is no need to make an offer or to match orders and there is no intervention of any centralized organization or establishment in the transaction. Managed by smart contracts, each trading pool supports token exchange, adds liquidity, and basically functions x*y = k to ensure the legitimacy of transactions.
Why is TRON excited about JustSwap?
JustSwap provides instant exchange between TRC-20 tokens for traders, thus creating an attractive profit threshold for market makers.
Unlimited liquidity created for thousands of traders and hundreds of applications. Execute immediately without waiting for execution in the queue. Empower users to participate in open financial markets. Get the most profit possible with near-zero perpetual trading fees paid in commissions from the protocol.
Therefore, there is a lot to expect from TRONIC. It looks like the TRON platform is doing all it can to grow in the crypto world with new applications, new uses, new titles, etc. Next comes the opportunities with DeFi – compelling reason for developers to use TRON.
JustSwap User Guide
Connect your TronLink wallet to JustSwap
To trade TRC20 tokens on JustSwap, you first need to log in to your TronLink wallet and go to JustSwap, and connect your wallet to the platform by clicking the “connect to wallet” button.
Swap tokens on JustSwap
After connecting your TronLink wallet to the platform, you can start trading your TRC20 and TRX tokens on the platform.
Since there is no order book on JustSwap and the pricing mechanism is automatic, to execute a trade you just need to select and enter the amount of coins you want to swap and select the coins you want to get back.
You can see the minimum amount of tokens you will receive and the fee you will pay for the transaction prior to the swap. After clicking the “swap” button, you need to click the “confirm” button and confirm the transaction in your TronLink wallet.
How to add liquidity to JustSwap?
Connect your TronLink wallet to JustSwap and click “pool”
To add liquidity to the JustSwap pool, first connect your TronLink wallet to the platform and click “pool” and then the “add liquidity” button.
Add liquidity to the JustSwap liquidity pool
First select a pair and then enter the quantity for one token, the required amount for the remaining token will be automatically calculated and displayed. You need to provide equal value of each token to the liquidity pool.
In the example below, I am providing liquidity to the TRX/BTC pool, to provide 10,000 TRX I need TRON based on 0.024 Bitcoin in my wallet.
After checking the input information, capital split ratio, etc., you can complete the transaction by confirming it in your TronLink wallet.
JustSwap launched as a sudden spike in DeFi demand on the Ethereum network is overwhelming the system, and as Justin Sun – CEO of the TRON Foundation said, JustSwap will have lower fees and be 200 times faster with instant payments ie.
According to AZCoin News
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