follow us on twitter . like us on facebook . follow us on instagram . subscribe to our youtube channel . announcements on telegram channel . ask urgent question ONLY . Subscribe to our reddit . Altcoins Talks Shop Shop


This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here Ads bidding Bidding Open

Author Topic: Introducing Jupyter Swap  (Read 402 times)

Offline Jupyter

  • 1st Step
  • *
  • Activity: 4
  • points:
    260
  • Karma: 0
  • Trade Count: (0)
  • Referrals: 0
  • Last Active: November 19, 2022, 08:55:45 PM
    • View Profile

  • Total Badges: 3
    Badges: (View All)
    One year Anniversary Topic Starter First Post
Introducing Jupyter Swap
« on: May 18, 2022, 05:19:42 PM »

Almost one month after successfully launching our Token, we are happy to announce that our Swap platform is almost finished. In this post we are going to explain how will it work and which features it brings.

What is DEX?
From the early days of Bitcoin, exchanges have played a vital role in matching cryptocurrency buyers with sellers. Without these forums attracting a global user base, we’d have much poorer liquidity and no way to agree on the correct price of assets.

Traditionally, centralized players have dominated this field. However, with the rapidly-evolving stack of technologies available, a growing number of tools for decentralized trades have emerged.

A decentralized application is a smart contract-based software application that stores data on the blockchain. Because DApps do not force you to expose your identity, you will be able to maintain a certain amount of privacy. The graphical user interface (GUI) of decentralized applications is optional, although any developer can construct his own GUI and communicate with the application’s smart contract.

The world of DeFi is still being charted, with explorers navigating AMMs across multiple blockchain economies, bothersome slippage rates on trades, ongoing price discrepancies, and scalability concerns. Traders demand a more straightforward experience, or better said, a map of the DeFi realm. Jupyter Swap is on a journey to reshape the market-wide DEX trading experience.

Jupyter Swap

Jupyter Swap interface
Jupyterswap is the decentralized exchange of the Jupyter token. It provides an open and decentralized liquidity protocol for assets on BinanceSmartChain(BSC) network. Jupyter Swap is Open-Source.

It works as an AMM ( Automated Market Maker ) with liquidity pools.

The trading fees will be 0.3%, these 0.3% will be added to the Liquidity Pools,
0.27% is going to the liquidity provider, and 0.03% will go to the Project as a protocol fee.

All our liquidity Pools will have an ERC-20 Token vs. BNB,
internally the pools do work with WrappedBNB Token,
but as a user, you won’t notice this because the WBNB will automatically be Exchanged to BNB,
and BNB will automatically be converted to WBNB.

All our pools are ERC-20 tokens vs. BNB,
but thanks to intelligent routing and pool hopping you will be able to trade all tokens to other tokens on JupyterSwap.

Anyone can open their own trading pools, or add liquidity to an existing pool, the only limitation is there can only ever be 1 pool of any given token.
Liquidity providers will get LP-Tokens, the LP-Tokens are ERC-20 compatible, and will function as proof of your ownership.

The AMM model works on the simple Formula,

X = token A Balance
Y = token B balance
K = pool constant

X * Y = K

The Price calculation is:

P = tokenA price in tokenB
X = token A Balance
Y = token B balance

Y / X = P

X = 100
Y = 1000

1000/100 = 0.1

In reality there is also a price impact depending on your position size:
Lets say you have 10 tokenB and want to buy tokenA:

Q = position size
R = receiving amount in tokenA
X = token A Balance
Y = token B balance

(( X — Q ) / Y ) * Q = R

Q = 10
X = 100
Y = 1000

(( 100–10 ) / 1000 ) * 10 = 0.9

On top of that, we have developed our own unique Chart, which will be available for use to everyone.

Altcoins Talks - Cryptocurrency Forum

Introducing Jupyter Swap
« on: May 18, 2022, 05:19:42 PM »

For Monthly biddings Check Here


 

ETH & ERC20 Tokens Donations: 0x2143F7146F0AadC0F9d85ea98F23273Da0e002Ab
BNB & BEP20 Tokens Donations: 0xcbDAB774B5659cB905d4db5487F9e2057b96147F
BTC Donations: bc1qjf99wr3dz9jn9fr43q28x0r50zeyxewcq8swng
BTC Tips for Moderators: 1Pz1S3d4Aiq7QE4m3MmuoUPEvKaAYbZRoG
Powered by SMFPacks Social Login Mod