Introducing BSCswap, an Automated Market Making Uniswap protocol for Binance Smart Chain
Users can now swap BEP20 tokens and provide liquidity to BSCswap to earn LP Tokens which can be used for Yield Farming projects. Browser extensions like Metamask or Binance Chain Extension Wallet, MathWallet are compatible with both Binance Smart Chain and BSCswap.
After the launch of Binance Smart Chain, BurgerSwap used to be the first customized Uniswap fork without providing LP token for Liquidity Providers.
Therefore, there was a demand for Yield Farming projects to stake the LP tokens from their own Uniswap forks and it caused the problem for Yield Farming project developers and users to invest more time and resources for forking Uniswap.
Developers needed to customize the complex Uniswap protocol and liquidity providers needed to verify the customized Uniswap fork as they are safe from exit scams or any kind of vulnerabilities that may risk the funds staked on the contract.
How to use
For users, you must install any compatible wallet or browser extension which supports Web3 Dapps and Binance Smart Chain, current compatible browser extension for interacting with BSCswap or any DeFi applications are Metamask and Binance Chain Extension Wallet. Detailed guide follows here https://docs.binance.org/smart-chain/wallet/binance.html.
For BEP20 or any other DeFi project developers, instead of forking Uniswap, please consider using BSCswap for your yield farming platform. Unified liquidity will give users better trading experience with the diverse trading pairs and liquidity support.
Also, our listing for BEP20 tokens will always be free and it will be completed immediately as we receive any listing requests from you. Please create new Pull Request from the respective open source repository with the details of the token. https://github.com/bscswap/default-token-list/pulls . BEP20 token logo, contract address, token decimals will be enough information to make a request.
Like Uniswap, there is a 0.3% fee for every taker order executed. About 0.25% goes to the liquidity providers while 0.05% of the volume will be accumulated as a protocol fee to support the infrastructure of the exchange.
You could communicate and even shill your token on our BSCswap community. Our channels are open for opportunities and support for Binance Smart Chain applications.
Live App: https://bscswap.com
Please, don’t hesitate to join!