Jswap is a decentralized exchange and financial management protocol that runs on OKexChain. At the moment, the total amount of the governance token JF is 21 million. The platform uses all the profits it makes for JF repurchase and destruction. A series of other functions, like LP farm, cross-chain bridge, token exchange, fund pool, IDO, etc., are supported.
Jswap overview
We have described some of the platform’s features below:
- Swapping
With this feature, users are able to exchange one crypto coin for another directly. All that is required from you is to enter the amount you want to swap and your trading pair. The service will then process and convert your coin.
- Cross-chain bridge
This feature links two blockchains, allowing traders to send crypto coins from one chain to another.
- Team rewards
You can unlock 10 percent of users’ daily mining output in real-time when you participate in technology development, promote the platform to the community, etc.
- Bunny-Army game
This is a decentralized GameFi+NFT strategy game that rewards traders who win. The reward is distributed through a bunny, which is an NFT that traders can use to trade in the market freely.
How does Jswap work?
Jswap supports these actions:
- Swapping of one token for another
- The creation and provision of liquidity pools
- LP mining
- Staking and farming
What can you buy on Jswap?
You can transact the following assets on the DEX:
- OKT
- Jswap Finance Token (JF)
- Tether USD (USDT)
- OKB
- ETHK
- BTCK
- ETCK
- USDCoin (USDC)
- LINKK
- DAIK
- UNIK
- FILK
- DOTK
- LTCK
- Wing Token (WING)
- NULS
- and more
Is Jswap safe?
The devs are serious about securing this ecosystem, and that’s why they have enlisted the services of a third-party organization (SlowMist) to audit it. So far, the platform has supposedly completed two rounds of financing, passing the security audit. Smart contracts have also been proven to be low-risk. Other than that, Jswap does not keep your funds, so you don’t have to worry that the vendor or some other unwanted party will steal them if they access your account.
JSwap fees, compatible wallets, and transactions
The platform charges fees for transactions carried on it, but we are not aware of the amount since these details are missing. However, those who provide liquidity are eligible to earn a 0.3% fee on all trades relative to their pool share. Fees are added to the pool and accumulate in real-time, and you can claim them when you withdraw your liquidity.
Several wallets, including OKC, BSC, Metamask, Coin98, and BitKeep, are integrated into the DEX.
What are the ways to trade on Jswap?
These are the trading options available on the platform:
- Liquidity mining
Jswap supports liquidity mining pools on the Binance Smart Chain for both KING/USDT and SKILL/USDT pairs, giving users a chance to leverage early staking rewards.
- Creating and providing liquidity pools
The exchange allows you to create liquidity pools using its tokens, and you stand a chance to earn passive income whenever other traders use tokens available in your pool.
- Staking
This is a great way to utilize your coins to generate income on your holdings when the blockchain puts them to work.
- Hash burning
You can swap a single JF for 100JHT (Jswap Hash Token) and the JF will be burnt. It is even possible to earn a 3x bonus by staking JHT.
Customer support
Customer support is offered through any of these platforms: Telegram, Twitter, YouTube, Facebook Messenger, Reddit, Discord, or Medium.
Should you trade with Jswap?
Jswap summary
Jswap summaryPros
- Supports many tokens
- Allows cross bridging
- Staking and liquidity provision opportunities
- Safe
Cons
- Risk of impermanent loss
- Relatively new platform
