TRON Exchange | Reviewing the Tron largest decentralised exchange (SunSwap)

Hello database fan, this is my first post in this community and I will be reviewing Tron largest decentralized exchange and it none other than the popular SunSwap. But before I start to review SunSwap important feature let define what SunSwap is.

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SunSwap is a Tron-based Decentralized application created mainly for the exchange of TRC20 token. TRC20 token is the technical name that is used for smart contracts when dealing with tokens with the Tron Virtual Machain (TVM) on the Tron blockchain. With SunSwap any user can comfortably convert between any two TRC20 tokens. All fee charged during this conversions, are given to the liquidity providers which help maintain the protocol.

What liquidity provider does it that, they try to balance the value of two tokens in a pool which in turn create a market. So it just like maintaining demand and supply one should not excessed the other and these liquidity providers get paid through the transactions fee paid by users.

Images from DappRadar

So now that we know what SunSwap does let see the various ways we can access the Dapp.

You can log in SunSwap through your web browser or through your TronLink wallet. I personally use my TronLink wallet because I feel it safer. So let me run you though how to access the SunSwap Dapp through your TronLink wallet in these easy steps below.

-Step 1: Download the TronLink Application on your app store.

-Step 2: Log in your account details or for new user you can create a new account.

-Step 3: After you have successfully logged in, locate “Discover” at the bottom menu and click on it.
Step 4: All Dapps on Tron blockchain will be shown based on each categories, so select exchange and click on SunSwap.

Now that we are in the exchange Dapp let go through some important features and explain their uses.

The first thing you will notice in the interface is the Total Value Locked and by default you will be in the swap section because that the main function of the Dapp exchange.

-Swapping on SunSwap: To swap any token is very easy all you need is to know what token you are swapping for another. So just input the token and the amount you want to swap and also the token you want to swap to and click on swap it is that easy and an example is shown below.

-Pool: This is useful when a user want to become a Liquidity Provided (LP) to earn from it. All you need to do is to click on Add Liquidity and a new page will appear where you can select the token to be liquidated.

Now these are the features seen on the home page but they are other features will can explore while clicking on this icon shown below.

By clicking on this icon we can see additional features such as Scan, Burn SUN and More. Let look at what these options does.

-Scan: This provides all information needed about a transaction or the whole system. To search for a transaction we just need to input the transaction ID and click on search.

NOTE: All transactions fee are in TRX.

Other details that can be found in the scan option include.

-Burn SUN: This is a special wallet that can only receive SUN token and cannot send. This is done to empower the community or rather to increase SUN token value by creating scarcity.

For the More option this include:

-LP Pools: This provide information about the current state of Liquidity pool.

-Sun Swap: This option is use to swap SUNOLD token to SUN token.

-WTRX and WBTT: This option is use to either exchange the respected token to Tron or from Tron.

NOTE: All unsourced pictures are taken from my TronLink Wallet.

For more details about SunSwap click Here

CONCLUSION

In my option I think SunSwap is the best decentralized exchange on the Tron blockchain and anyone who is familiar with Tron Dapps exchanges will agree with me. It offer a lot and so easy to use. Thank you all for reading hoping to see you soon bye.

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