DEFGATE was born as a Defi solution for direct cryptocurrency exchange transactions without the need of a third party based on the automated market makers protocol (AMM). DEFGATE focused on providing powerful resources to empower developers, liquidity providers, and traders to access the open financial market at ease.
And to realize the above goals, it is impossible not to mention the outstanding, special and powerful technologies of Defgate, the name mentioned here is TRON.
Overview
TRON is a decentralized protocol based on blockchain. A decentralized exchange consists of many trading pairs. Trading Pair (symbol “Exchange”) is the Exchange Market between TRC-10 tokens or between TRC-10 tokens and TRX. Any account can create a trading pair between any token, even if the same pair already exists on the TRON network.
The TRON network stipulates that the weights of two tokens in all trading pairs are equal, so the ratio of their balance is the price between them. For example, consider a trading pair containing two tokens, ABC and DEF. ABC has a balance of 10 million and DEF has a balance of 1 million. Since their weights are equal, 10 ABC = 1 DEF. This means that the ratio of ABC to DEF is 10 ABC per DEF.
Besides, TRON Foundation was founded in September 2017 by the current Executive Director, Justin Sun, has been actively supporting Dapp developers and deploying smart contracts (Smart Contracts). TRON’s Blockchain platform can expand on a larger scale as it is Public Blockchain.
TRONSWAP
TRONSWAP is an instant swap platform for TRX tokens based on the AMM protocol (automated market creation). Instead of adopting traditional order-book mechanisms, the platform came as a solution to the limitation of smart contract blockchains.
TRONSWAP allows TRX tokens to be converted using an algorithm instead of an order book, and automatically delivered — received with the latest price in the liquidity pool. This ensures full decentralization and security. TRONSWAP does not require users to create their own accounts or verify users identities; instead, customers only need a wallet address to interact with the protocol.
Advantages of TRONSWAP
TRONSWAP has five core strengths:
- High profitability: Users get up to 11% commission.
- Unlimited Liquidity: It is well known that liquidity is paramount for all crypto projects, trading platforms, and even the entire industry. And TRONSWAP provides thousands of traders and hundreds of projects with unlimited liquidity.
- High availability: TRONSWAP is available to everyone, providing a truly fair and open financial market.
- TRONSWAP is an automated liquidity protocol. There is no need for an offer or execution and no intervention of any centralized institution or establishment in trading. Managed by smart contracts, each trading pool supports the exchange of tokens, adds liquidity, and essentially maintains function x* y = k to ensure transactions’ legitimacy.
- TRONSWAP allows traders to exchange TRX tokens instantly. Market makers make a profit without any barriers to entry.
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DEFGATE
Defi trend on TRON blockchain
https://defgate.com/
#defgate #DFG
