"Tron Fan Club" Tron Based Review Contest - My Contribution
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Assalam-o-Alaikum Steemians !
I'm @moneyster, a professional level Cryptocurrency investor and an analyser. Today I'm going to participate in the second contest in this community which is about Tron Based DAppp Review Contest. So, here I will review the "SunSwap Exchange" as I'm much familiar with this decentralized Tron based Dapp.
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- ✍ INTRODUCTION OF SunSwap Dapp
SunSwap is basically a decentralized Tron Based Dapp that acts as an exchange platform to swap different types of Cryptocurrency pairs including Tron. This exchange depends on its liquidity providers and all the Trading fees will be distributed among liquidity providers as their liquidity provider rewards.
The most interesting thing about this simple exchange is that it is working as a fully decentralized exchange without getting the support or authority of any other party or organization. At the same time, this Dapp is already integrated with our Tronlink Wallet and we can do any Transaction with the help of our own Tron Wallet. Therefore, we don't need to worry about Cryptocurrencies as we can store and Trade them within our own private wallets.
Below I have included a screenshot of SunSwap Trading interface.
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This SunSwap Dapp is a kind of centralized exchange and then other parties can't control this platform directly.
We can use this SunSwap Dapp as a passive income by contributing to the exchange as a liquidity provider.
All the Transaction fees will be distributed among liquidity providers and then we can get a higher APY as a liquidity provider.
This SunSwap Dapp is based on the Tron blockchain, so it's more popular among Tron fans.
In the SunSwap exchange, we can accomplish any Transaction very fastly as compared to other Decentralized exchanges.
With the help of this SunSwap exchange, we can swap our Tron coins to any other coin or Token with a minimum tolerance as its liquidity is very high.
Here I will demonstrate the basic procedure to use this SunSwap Dapp through my own experience.
First of all, we should get access to the SunSwap Dapp by going through https://sunswap.com/ URL. Then we have to connect our Tronlink wallet with this SunSwap application. Here we can use the "Connect to wallet" icon to accomplish it.
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Finally, we can swap our TRX coin or any other Token according to our choice. In the "From" section, we have to select the Coin or Token which we already have. After that, in the "To" section, we can select our desired output token or coin as an exchange for our previous Token or Coin.
Below I have simply demonstrated 10 TRX coins to the USDC token as an example. So, here we can see I have the ability to get at least 0.62 USDC Tokens for my 10 TRX coins after paying the required Gas fee.
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This Decentralized Application is very suitable for any person who can't believe in any centralized exchange and if he worries about the security of his assets. Because in my point of view, this SunSwap Dapp is very fast but its gas fee is very high as compared to other exchanges.
However, we can keep thrust on this application as it is fully decentralized and we can swap many coins or tokens within our own Private wallet.
At the same time, all the Crypto Traders can use this application without putting much effort as its interface is very simple and more reliable than the other centralized exchanges. Therefore, even a beginner Trader can use this application without hesitating.
As I described above, SunSwap Dapp is a very eco-friendly application that we can use to swap or exchange any Crypto Token including stable coins. Interestingly, this Dapp is created on our most familiar Tron blockchain which can be said as a very reliable Blockchain in the world.
Therefore, we can keep thrust on this Dapp as compared to many other centralized exchanges according to my point of view. Thank you very much to the Tron Fan club Community Team for organizing such an important contest.
I have studied the below-sourced articles to further study these topics and I have explained all the above facts in my own words.
10% benificiary set for @tron-fan-club
Twitter shared
https://twitter.com/moneyster12/status/1515713116885114891?s=20&t=d67WMTV4lPW9sFLxW9_VzA
Note: You must enter the tag #fintech among the first 4 tags for your post to be reviewed.
Thank you very much @kouba01 for your support.
Great Explained about Sunswap exchanger 💱
Truly brilliant ✨
Keep it up bro ❣️
Thank you very much brother
Nice explain about SunSwap. Nice participate. Good luck to you
Thank you very much brother.
Brother had a very nice discussion. The description of everything is presented very nicely. Which I like a lot. Thank you for putting it in front of us
You are most welcome. Thank you very much for your positive response.
Really brother SunSwap is a very good app. Yesterday I used the SunSwap app. I really like its feature. Thanks bro.
Thanks a lot for your positive response.
You have explained the sunswap exchange platform very well but was expecting something different since we already have an entry that talks about the sunswap decentralized exchange platform. Anyway good work and all the best.
Actually, I selected this Tron based application as I'm much familiar with this application. However, Thank you very much for your response. It means a lot to me.
Nice review, I really learnt a lot from your post
Thanks a lot for your nice comment.
🤗👍🙏🇻🇪♥️🌏👨👩👧👧
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