Gongswap
A Swap that is community owned, fully owned by public. Experience full freedom through a public decentralized exchange. No Extra Fees, Just Swap.
Last updated
A Swap that is community owned, fully owned by public. Experience full freedom through a public decentralized exchange. No Extra Fees, Just Swap.
Last updated
Gongswap is a decentralized cryptocurrency marketplace which is run on the Binance Smart Chain. It aims to be one of the most liquid markets when it comes to exchanging alt coins on a DEFI marketplace. This means that users will be able to swap almost any cryptocurrency immediately on the platform. GongSwap has a native token known as GONG.
Like many other coins in the same area, most notably UniSwap, PancakeSwap runs on an Automated Market Maker protocol or AMM. This means that prices for coins on the exchange are decided by a mathematical algorithm. So if a user wishes to trade a token, they can do so without having to wait for a person to match their order. Instead, the token they are selling goes into a liquidity pool. These liquidity pools are backed by users who put up their cryptocurrencies in exchange for the fees earned off of swapping cryptocurrencies. This makes it easy for people to exchange cryptocurrency any time, day or night without a governing centralized body.
