HOMEWORK TASK 2: EXPLAIN AT LEAST ONE DAPP ON THE TRON BLOCKCHAIN by @yuceetoria. ( 100% powered up)

INTRODUCTION
Hello steemians, it is week 2 in the @crypto-academy, with our eligible lecturers. The first week of this academy introduced us into the cryptocurrencies and it's techniques, where we are able to learn a bit of the hangs up of the cryptocurrency trade.

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In week 2 lectures in @crypto-academy, @yohan2on has given us tasks to at least explain at least one Dapp on the Tron Blockchain.

HOMEWORK TASK 2: EXPLAIN AT LEAST ONE DAPP ON THE TRON BLOCKCHAIN.

Firstly what is a DAPP? Dapp is known as a decentralized application. In Blockchain, decentralization is the transfer of control and decision making from a place to another, while an application is a software designed with a computer program.

A Dapp, or decentralized application, is a software application that runs on a distributed network. It's not hosted on a centralized server, but instead on a peer-to-peer decentralized network.2

image source TOP TRON DAPPS

I will be talking about the JustSwap dapp.
What is JustSwap?

JustSwap is a TRON-based exchange protocol for exchanges between TRC20 tokens. Conversion can happen easily between any two TRC20 tokens based on system price. All trading fees collected will directly go to liquidity providers of the protocol, rather than the protocol itself.1
JustSwap was launched by JUST which is a foundation committed to develop TRON-based DeFi protocols and explore the potential of DeFi on the TRON network. The Just team has also launched other products such as USDJ, a stablecoin, and JustWrapper. In layman's terms, it is used to exchange or swap one token for another.
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• First, to trade tokens on the JustSwap. Make sure that you have downloaded the Tronlink app, create an Tronlink wallet account or login if you have an account already. Visit JustSwap, and connect your wallet to the platform by clicking on the ”connect to wallet” button.

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• After connecting your TronLink wallet to the platform, you can start trading your TRC20 tokens and TRX on the platform. You must specify the coin you want to swap and input the figures that is to be swapped.

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• You can see the minimum amount of token you’ll receive and the amount you’ll pay for the trade before making the swap. After clicking on the ”swap” button, you need to click on the ”confirm” button and confirm the transaction in your TronLink wallet.

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That is for swapping tokens, if you want to add liquity through the JustSwap liquity page.

• First thing you notice when you open the JustSwap site, is that there are two options for you to choose from. You can either swap or pool option. Now for our aim, you click on pool and then "add liquity".
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• Select the pair to pool and then enter the amount for one token, the amount required for the other token will be automatically calculated and shown, this is done automatically to help you with the calculations and avoid stress. You need to provide equal value of each token to the liquidity pool. Make thorough checks to avoid mistakes of any kind.
  In the example below, I am supplying liquidity to the TRX/BTC pool, to supply 10,000 TRX, I need 0.024 TRON-based Bitcoin in my wallet3

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NB: Please make sure you are using the JustSwap through the Tronlink dapp browser. Using another site might hinder your transactions.
I hope my post will guide you to knowing about dapps and the stages to make a swap or Transfer of your own.
Thanks to @yohan2on, for the great lesson and task to check our ability to grap his lectures.
Follow @steemitblog and @crypto-academy to keep up to date with the latest news.

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