All you need to know about WapSwap
How is the WapSwap concept different from the rest?
WAP$WAP makes use of the AMM concept to generate liquidity pools of tokens that users can access in order to trade them for other tokens. Users do not trade in the traditional sense as makers or takers, but rather engage with a smart contract. Anyone may begin to provide liquidity by putting a pair of coins of equal worth in a designated account.
In exchange, the liquidity providers get LP (liquidity pool) tokens, which serve as a receipt for the amount of money they contributed to the pool. This means that when you regain your tokens, these LP tokens are destroyed. Also, you may make them available to be used in yield farming, where your fees are regularly re-invested back into the pool, compounding your earnings.
The AMM model:
The AMM model used by WAP$WAP pays liquidity providers with a 0.18 percent charge that is divided proportionately dependent on the amount of liquidity supplied by the provider. The values of the tokens are not established by an order book, but rather by a formula known as the Constant Product Market Maker, which is a mathematical formula.
This market maker uses the last trade as a base price, so when there is no recent trade, the token has a value of $0. The Constant Product Market Maker (CPMM) is a formula that determines the price of a WAP$WAP token at any given time by taking the most recent trade and multiplying it by the product of all the outstanding tokens. This formula is used to prevent arbitrage and to maintain a fair price for tokens.
The market cap for WAP$WAP is determined by the circulating supply of tokens multiplied by the token price. So, if the token price is $0.50 and there are 100 million tokens in circulation, the market cap is $50 million. WAP$WAP is a unique platform that uses the AMM concept to generate liquidity pools of tokens that users can access in order to trade them for other tokens. These liquidity providers get LP (liquidity pool) tokens, which serve as a receipt for the amount of money they contributed to the pool.
This means that when you regain your tokens, these LP tokens are destroyed. You may also make them available to be used in yield farming, where your fees are regularly re-invested back into the pool, compounding your earnings. The market cap for WAP$WAP is determined by the circulating supply of tokens multiplied by the token price. So, if the token price is $0.50 and there are 100 million tokens in circulation, the market cap is $50 million.
WAP$WAP is a unique platform that uses the AMM concept to generate liquidity pools of tokens that users can access in order to trade them for other tokens. These liquidity providers get LP (liquidity pool) tokens, which serve as a receipt for the amount of money they contributed to the pool. This means that when you regain your tokens, these LP tokens are destroyed. You may also make them available to be used in yield farming, where your fees are regularly re-invested back into the pool, compounding your earnings.
Was there a significant difference between staking and farming?
STAKING: It is not necessary to have anything else in order to stake your $WAP, other than... well... $WAP.
FARMING: It is necessary to offer liquidity to one of the pools on the farming website before you may stake your LP tokens in order to farm.
In order to farm, you must first give liquidity to one of the pools on the farming website, and then stake your LP tokens in the pool using your LP tokens. Both have benefits and drawbacks that are unique to them. It is up to you to decide which one to use depending on your approach. Cryptocurrency investment.
Wrapping things up:
When you join the liquidity pool, you will be offered a conversion rate, in our example 300 BUSD (y) for 1 BNB (x). When you add 300 BUSD to the pool and remove 1 BNB from it, the pool will have a larger supply of BUSD and a lower supply of BNB than it had before. As long as k remains constant, this action causes the price of BNB to climb. To put it another way, you are using your BUSD to purchase BNB. As more BNB is removed from the pool, the value of BNB in terms of BUSD increases. #wapswapfinance #money #wap #bnb #bitcoin #wapswap #fintech #technology #cryptocurrencies #binance #crypto #cryptocurrency #blockchain
Project Links:
WebPage Address: https://wapswap.finance/
Reddit URL: https://www.reddit.com/r/WapSwapFinance/
Telegram Group URL: https://t.me/WapSwapFinance
Medium : https://wapswapfinance.medium.com/
Facebook-Address: https://www.facebook.com/WapSwapFinance/
Twitter: https://twitter.com/WapSwapFinance
WhitePaper Pages Link: https://wapswapfinance.gitbook.io/wapswap/
TELEGRAM BOUNTY: https://t.me/joinchat/-YHqmWCzoUJhMGQx
Writer Details:
BitCoinTalk User: blackwell77
BitCoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=2306547;sa=summary
BEP20 Wallet Address: 0x1DA0720081ab868605679d7675DF28AAECd8a8a4