Hello..!!

My Dear Friends
This is @ns-porosh from Bangladesh 🇧🇩

Introduction

How are you all? I hope you are well by the grace of God.I am well with your prayers and mercy God's grace.At first of all thank you to the sir @kouba01. Your lesson provides a lot of information on homework tasks.

1.-Present the Just Swap platform in your own way, demonstrating its importance within the Tron ecosystem blockchain.

Present the Just Swap platform:

The JUSTSWAP platform is a decentralized exchange protocol (DEX) with an automated liquidity system. This platform was originally designed to introduce a DeFi-based protocol into the TRON ecosystem. Simply put, the JUSTSWAP platform was created to exchange TRC-20 tokens. The platform assumes that users can easily exchange TRC-20 and TRX tokens. This platform has a constant function of an x*y= k This constant function helps liquidators to balance the system by determining the value of the asset with the liquid available in a pool and pays all the transaction fees received in the system directly to the liquidators of the protocol rather than to the protocol.

The Just Swap platform is a secure platform and all the processes of this core platform are smooth i.e. very fast transactions and trades can be made. Hackers cannot hack into this platform in any way because this platform has a multi-layer verification confirmation level. Another good advantage of this platform is that traders have to pay very low trading fees on this platform. Traders have to pay only 0.3% trading fee for the transaction.

Since the JUSTSWAP platform is a decentralized exchange protocol, users will be able to transact TRC-20 based tokens without third party intervention. The JustSwap protocol communicates with the Drones of the JustSwap exchange platform DAP via the Tronlink Wallet browser extension for full functionality and its stablecoin is USDJ. These features make it easier to use the platform.

Importance within the Tron ecosystem blockchain:

JustSwap is very important in the Tron ecosystem. The importance of the Just Swap in Tron blockchain is discussed below:

• Since the JUSTSWAP platform is a decentralized exchange protocol (DEX) and having DEX in any blockchain means that the central authority cannot interfere in the way users trade on that blockchain platform. That means this platform ensures decentralization for users. Traders or users can trade in a completely independent way without the intervention of third parties
  Can do business.

• JustSwap provides a high level of liquidity for users. This will allow traders to trade faster and gain more benefits in the system and make much more profit. It also draws the attention of long-term traders i.e. those who stockpile their assets to participate in their liquidity pool. As a result, traders make passive income from stored tokens.

• There is no need for a difficult process called KYC on the JustSwap platform. Users can trade TRC20 tokens by connecting their Tron Wallet to JustSwap. Also this blockchain platform has high scalability and liquidity which makes trading and transactions on this platform very fast.

• Transactions on this platform are included in the smart contract. Which is why the JustSwap platform guarantees users a trusted platform. In the case of transactions, users have to go through many verification processes. This additional security makes the platform much less risky to transact. This allows users to make sure transactions.

2.- What tokens does JustSwap support trading? How is the price of a JustSwap token determined (how it works)? Use an illustration to explain it.(screenshot required).

JustSwap supported Token:

The JustSwap platform is a Tron blockchain-based decentralized network and the goal of this platform is on TRC-20 tokens. This is why this platform supports some TRC 20 tokens. Some of these tokens are based on Stablecoin and non-Stablecoin. Users use the TRC-20 exchange platform JustSwap to trade TRC-20 tokens because this platform is very fast and pays the lowest transaction fees.The following tokens are supported on JustSwap trading platforms: TRX, USDC, SUN, SUNOLD, NFT, BTC, WBTC, ETH, WETH, WBTT, WTRX, JST, WIN, DICE, LIVE, USDT, USDJ, TUSD, LTC & HT.

Screenshot source

How is the price of a JustSwap token determined (how it works)

The JustSwap platform is a decentralized exchange platform where no central authority controls the system. This platform works with a fixed function and determines the value of the token based on a smart contract. The token value in JustSwap is determined by a constant function called X * Y = K. This permanent function allows a balanced and adequate token distribution throughout the system.

Formula: X * Y = K

Here in this formula,

• X = first token

• Y = second token

And

• K = constant

As I said earlier, the JustSwap platform basically exchanges TRC-20 tokens and TRX tokens. The price is determined by the number of tokens present in the pool on this platform. When a token is exchanged or exchanged with another token, the liquidity and the price of the exchanged token change with each other and the price changes accordingly. But the result of the exchange is always constant. Also the value and price of tokens for constant value maintenance always varies.

We know that you have to pay 0.3% free trading charge to trade on JustSwap platform. This 0.3% free trading charge is basically a reward for liquidity providers on the platform.

For example:

• Since K has to be constant, if the value of Token X i.e. the first token increases, the value of Token Y i.e. the second token will automatically decrease.

• If the value of token Y i.e. second token increases to keep K constant then the value of token X i.e. first token will automatically decrease.

3:-How do I connect my wallet to JustSwap.io? Is there a mobile app?

How do I connect my wallet to JustSwap.io?

We can easily connect TRONLink Wallet with JustSwap platform and do business. The process of connecting TRONLink Wallet to the JustSwap platform is discussed below with screenshots:

Step-1

First use the Chrome Website Link Enter this link and install Tronlink extension in browser.

Step-2

Then click on "Add to Chrome".

Step-3

Next you need to click on the extension and set up Tron Wallet. If a user has a TronoWallet, they can directly click on the name of the Setup Wallet.

Step-4

To set up Tron Wallet, you need to set up Tron Wallet by pressing the icon on the top left side of the skin of the device.

Step-5

Then https://justswap.io/#/home need to enter this link.

Step-6

Next you have to click on Connect to Wallet.

Step -7

In the next step, click on TronLink Wallet.

Step - 8

The next step is to click on the Connect icon.

Step-9

If the next step is to see the wallet balance in the swap, then it should be understood that JustSwap has been successfully connected to the TronLink wallet.

Is there a mobile app

Justswap has no mobile application because the Justswap protocol is web-based. Which can be accessed through the web. However, a Tronlink Pro wallet is available in the Playstore. Where there is a swap feature that allows users to trade within the app in JustSwap.

Discussed with screenshot below:

Access the TronLink Wallet mobile application and click on the "Discovery" icon below.

The next step is to see JustSwap, one of the most popular DApps on the TRON network, on the skin and click on the JustSwap icon.

After clicking on the JustSwap icon we will be able to access the JustSwap platform and easily make any kind of exchange.

4.- Include a real example of your interaction with Just Swap, demonstrate how you can trade on the platform. (screenshots required)

Once connected to JustSwap in the TronLink wallet, we can easily exchange TRX tokens with any other tokens, that is, tokens that are supported on the JustSwap trading platform. I chose USDT to swap with TRX.

Step: -1

First you have to click on Swap at the top left of JustSwap's official page. Then you have to input the amount of TRX and select the token that you want to exchange with TRX. I have chosen USDT to convert TRX to USDT. Then click on the swap button.

Step: -2

Next you have to click on confirm swap. My 8TRX was charged 0.024TRX to make 0.72421 USDT.

Step: -3

Next you have to click on the sign button to complete the token swap.

Step: -4

This is the last step. The swap is complete in this step and 0.76174 USDT has been added to my wallet.

5.- Include a real example of your interaction with Just Swap, explain How to add liquidity to JustSwap. (screenshot required)

Step: -1

First click on Pool and then click on Add Liquid.

Step:-2

Next you have to select the pair you want to supply and give the same amount of input. I sold TRX / USDT and chose 4TRX equivalent 0.381326 USDT. Then click on Supply.

Step: -3

Then click on "Sign to Approve"

Step: -4

Next click on "Confirm Supply".

Step: -5

After clicking on the "Confirm Supply" button, click on the "Sign" icon.

Step: -6

This step will indicate that the liquidity has been successfully added to the pool.

Conclusion

JustSwap is a decentralized exchange platform.Users of this platform can exchange Cryptocurrencies assets very quickly and the JustSwap platform has very small liquidity charges. There is no central authority interference in this platform which makes the transaction information unchanging. These features make the platform much more secure and easy for users to use. JustSwap also has a liquidity pool from which those who provide liquidity on this platform are rewarded for their liquidity. With JustSwap, users can easily exchange tokens by attaching them to their Tronlink wallet. Sir, from this lecture I have gained a lot of knowledge about Just Swap platform.Thank you very much sir @kouba01 for this beautiful lesson.

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