WAP$WAP — Automated Market Maker on the Binance Smart Chain

nazarabdi
4 min readDec 7, 2021

In this article I will introduce a very interesting program from WAP$WAP!

In the Binance Smart Chain, WAP$WAP is an Automated Market Builder (AMB). In the WAP$WAP paradigm, there is a pool of liquidity. Users earn transaction fees from other users who use the pool to swap tokens by adding token pairs to the liquidity pool. Binane Smart Chain’s WAP$WAP has gained popularity because of its quickness and low cost. There is a cryptocurrency called $WAP that is part of the WAP$WAP system. DEX is a great place to buy and sell them. WAP$WAP swaps and liquidity pools can be used to exchange other tokens for $WAP.

Financial markets, products, and services could all be created with WAP$WAP. Blockchain-based ecosystem for the development of financial applications. An ecosystem of financial services that is open source, permissionless, and transparent, with no centralized authority. decentralized, peer-to-peer (P2P) applications (dapps). There is no need for WAP$WAP to rely on institutions like banks or courts to provide arbitration. WAP$WAP does not necessitate the use of a third-party mediator.

Every choice is made by the programming, and the user is always in charge of the finances. A freer financial system is supported as a result of lower costs connected with these items.

WAP$WAP Very Trusted

In addition to BSC and Polygon, WapSwap’s $WAP coin has already been implemented onto two significant blockchains.

In theory, WapSwap may have established a completely new cross-chain swapping protocol. On the top blockchain networks, an ecosystem of financial applications

P2P network of computers rather than one central computer is used to execute DApp WapSwap. Using Smart Contracts, two parties can trade bitcoins (or any other digital asset) without the involvement of a third party. Ensured Safety and Security CertiK, an industry-recognized security expert, was hired to conduct an audit of the platform.

One Stop for Cross Chain Swapping

As an alternative to an opaque, tightly managed, and decades-old financial system, an open and global financial system constructed for the internet age is proposed.

Comparing WapSwap to more traditional methods of fund transfer, there are various advantages.

In a distributed ledger, all transactions on a blockchain network are recorded and accessible to everyone.

Smart contracts and distributed systems make it easier and more secure to implement a financial application or product.

WAP$WAP Features (Farming & Staking)

Liquidity Pools : Liquidity providers (LPs) are financial institutions that contribute funds to liquidity pools. A liquidity pool can be thought of as a large pool of funds that traders can use to execute trades against.

Liquidity Pools : Liquidity providers (LPs) are financial institutions that contribute funds to liquidity pools. A liquidity pool can be thought of as a large pool of funds that traders can use to execute trades against.

Swapping : Swapping refers to the act of swapping one cryptocurrency for the equivalent value of another cryptocurrency that you have.

Staking Pools : To maximize their chances of validating blocks and getting rewards, currency holders form a staking pool and pool their resources together. They pool their staking power and divide the prizes in proportion to the amount of money they have contributed to the pool.

Farming : Farming is a way to increase your coin’s value by using your current cryptocurrency. A computer program called a “smart contract” is used to lend your money to others, and it works like magic. A bitcoin payment is made in exchange for your work.

AMM : An automated market maker (AMM) is a kind of decentralized exchange (DEX) system that uses a mathematical algorithm to decide the price of assets in the financial industry. An asset’s price is determined by a pricing algorithm rather than a traditional order book, as is the case on a traditional exchange.

ERC-20 Standard : To put it another way, the ERC-20 standard offers a standard for Fungible Tokens, which are tokens that have a feature that makes them identical (in terms of type and value) to one another.

Referral

Our platform allows you to maximize your rewards. As a result, you can use the referral link to reward your friends who sign up using our referral link. The Farms & Staking pool offers prizes for referring other players to the game.

Using the following formula, the WAP$WAP referral program will work:

A ranch with a swimming pool. A 5% return on your friend’s profits is what you may expect. When your invited buddy withdraws WAP tokens to their wallet, your referral reward will be visible and immediately removed from your wallet address.

Invite a friend and he receives 5 WAP from “Farms” or “Staking pools” as a result of your invitation. As a result, you’ll get 0.25 WAP for every 5 WAP you have.

In $WAP tokens, you’ll receive all of your referral incentives. $WAP tokens will also be used to pay for all fees.

There are two separate counters for you to keep track of your referral earnings, which include:

Referral income from farms

Earnings from staking pool referrals

In order to encourage you and your friends to join the WAP$WAP community, WAP$WAP has implemented a referral program.

COME JOIN AND GET BENEFITS FOR YOU AND YOUR FRIENDS.

More Information :
Website : https://wapswap.finance/
Medium : https://wapswapfinance.medium.com/
Reddit : https://www.reddit.com/r/WapSwapFinance/
Telegram : https://t.me/WapSwapFinance
Twitter : https://twitter.com/WapSwapFinance
Facebook : https://www.facebook.com/WapSwapFinance/
Youtube : https://www.youtube.com/channel/UC7VKafPN8_FZANe_1jr9DLA

Writer :
Bitcointalk Username : apabaka
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=3373901
BSC Address : 0x2c1A49CC125892368319C153eBA052Ab3451c253

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