📄️ Introducing BOLT
Welcome to a new era of decentralized exchange with BOLT, ElectroSwap's native token. BOLT represents the power behind ElectroSwap bearing the dynamic image of a blue lightning bolt. BOLT is not just a cryptocurrency; it's an investment in the future of decentralized finance (DeFi) on the Electroneum Smart Chain. With a fixed total supply of 100 million tokens and deflationary mechanisms in place, BOLT is poised to become a cornerstone asset in ETN-SC's burgeoning DeFi landscape.
📄️ Swapping
Welcome to ElectroSwap, the premiere decentralized exchange on the Electroneum Smart Chain, inspired by the Uniswap V2 & V3 contracts. In this guide, we'll walk you through the simple process of swapping ETN (the native coin of the Electroneum network) for another token available on our platform.
📄️ Approvals
When using decentralized exchanges (DEXs) like ElectroSwap, you may have noticed that before you can swap tokens, you must first "approve" the transaction. This approval step is crucial to enable secure, decentralized trading on the blockchain. But why is it necessary, and what does it mean for your tokens? Here we’ll break down why approvals are required on ElectroSwap, how they work, and best practices for managing token approvals.
📄️ Slippage
When trading tokens on ElectroSwap, you might come across an option to adjust "slippage tolerance." Slippage refers to the difference between the expected price of a trade and the actual price at which it executes. Keep reading to get a better understanding of how slippage works and when you may need to adjust it manually which can help you navigate volatile markets and ensure your trades go through as intended.
📄️ Token Safety
ElectroSwap has become the most popular decentralized exchange (DEX) for purchasing tokens on Electroneum Smart Chain. However, with its open and permissionless nature, using ElectroSwap also presents certain risks.
🗃️ Liquidity
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📄️ Fees and Taxes
Fee-on-transfer tokens, sometimes called “taxed tokens”, are a type of token that automatically deducts a fee from some or all types of transfers. This fee, typically a percentage of the transaction amount, can go toward various functions like rewarding holders, contributing to liquidity pools, or funding project development. While these tokens have become popular for incentivizing holders and building project sustainability, they have specific compatibility requirements, especially on decentralized exchanges like ElectroSwap. Currently, ElectroSwap V2 is the only version of ElectroSwap that fully supports fee-on-transfer tokens, while ElectroSwap V3 lacks this compatibility.
📄️ Yield Farm
Yield farming allows users to deposit tokens in specific pools, aka farms, to earn passive income in the form of **DYNO** tokens.
📄️ Our Smart Contracts
ElectroSwap is built on the solid foundation of Uniswap V2 and V3, offering a decentralized trading platform optimized for the Electroneum Smart Chain. Below you'll find a comprehensive list of our smart contract addresses, each of which plays a crucial role in the functionality and security of the ElectroSwap ecosystem. All contracts have been source code verified and published on the Electroneum blockchain explorer for transparency and trust.