Impossible Finance is a decentralized exchange that is based around a DeFi ecosystem. We can swap our tokens within the platform functionality freely.
Impossible Finance overview
The platform was designed to allow traders to work with the market directly from their wallets. We can swap out tokens quickly, paying acceptable commissions.
How does Impossible Finance work?
We have the following features explained in documentations that were systemized in the following list.
- The Impossible Launchpad is a fair platform for conducting IDOs for Impossible projects.
- It’s an automatic market maker that allows us to swap tokens from our wallets directly.
- There’s an IF token that helps to govern swapping and other non-launchpad products.
- It manages trading fees and discounts on trading.
- An IDIA is the core governance token for staking.
- IDIA tokens will be distributed: DAO (20%), Ecosystem (15%), Incubatees (10%), Team (20%), Strategic Sale (13%), Staking rewards (10%), etc.
- We can participate in dual-liquidity pools. This allows us to earn fees in proportion of shares.
- The current road map includes the following stages:
- Q1 2022. Multi-chain compatibility, Native cross-chain token bridging, IDIA staking mechanisms and optimisations.
- Q2 2022. Launching Cross-chain launchpad integrations, Native project token vesting mechanics, Parametric and other novel staking mechanisms.
- Q3 2022. Additional wallet integrations, Supplementary sale mechanisms, and Self-sustaining IDOs.
- We are allowed to add our liquidity in pools in three steps:
- Connect our wallet to Impossible Finance
- Select pairs and decide the amount of liquidity we want to provide
- Confirm our transaction on our wallet and website
- The same steps should be done to remove liquidity but in the back order.
What can you buy on Impossible Finance?
- We can purchase IF or IDIA tokens.
- It’s possible to swap, stake, ring them in liquidity pools, and hold to participate in DAO.
- It’s possible to unstake them after the final allocation.
Is Impossible Finance safe?
The platform looks safe for using because it doesn’t collect information from us and doesn’t require users to proceed with registration. So, we can be sure that the site doesn’t have access to our funds to manipulate with them.
Impossible Finance fees, compatible wallets, and transactions
- The developers charge 0.3% fees for swapping tokens.
- We can work from our wallet through MetaMask, BSC Wallet, and Coin 98 Wallet functionalities.
- The platform proceeds all transactions quickly.
What are the ways to trade on Impossible Finance?
We can swap tokens. Also, it’s possible to deposit them into dual-coin liquidity pools.
The system informs us that swapping can occur by using Impossible V3 liquidity that will trigger high slippages. So, we should be ready for this and pay attention to the parameters.
Customer support
The developers provide support via Telegram and Discord.
The developers run a profile in Twitter where they have over 300,000 followers. The account was created in October 2020.
The developers promote their services in the several posts that have some reposts and likes.