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.

On the 27th of March, $IOM was successfully deployed on Binance Smart Chain
$IOM is a BEP20 compatible token, secured by OpenZepellin that can be used in all Ethereum wallets that support the Binance Smart Chain.
IOM token is a non-mintable, having a 1'000'000'000 total supply.
IOM token economy.
1'000'000'000 total supply.
-50% or 500'000'000 $IOM tokens are available for trading on Pancakeswap, for better security and prevention from rug pulls exploits, the proof of liquidity (position) from this liquidity is sent to dead wallet addresses.
-30% or 300'000'000$IOM tokens will be available for trading on another DEX(TBD)
-20% or 200'000'000$IOM tokens will be held in a Gnosis Safe multi-signature wallet and used solely for project funding. (Team Wallet)
The majority of the token is in the community's hands forever.
Coming next on Jupyter is the swap platform.
The Swap Platform is going to be officially launched in Q1 2023, with a finished security audit because the security of our community is our biggest priority.
The Beta swap is almost finished and it’s going to be deployed in maximal 2 Months.
Also with the deployment, The Jupyter team as promised is giving away 10k$IOM.
Visit us on Twitter to find more
@Jupytertoken
Roadmap
March 2022 Deploy $IOM token to BSC Blockchain
April 2022 Start trading first on PancakeSwap
May 2022 Start trading on another DEX
Q1 2023 Public launch of Jupyterswap
Q3 2023 Yield Farming with Jupyterswap
Q1 2024 Launch of our Smart voting platform