Swapp Whitepaper


Making your first swap

If you're not familiar with decentralized exchanges, they differentiate from centralized exchanges (such as Binance, Coinbase, and so on) in the sense that decentralized trades are conducted peer-to-peer (or, wallet to wallet).
Unlike a centralized exchange, this means you do not have to give up custody of your tokens to a third party to broker a trade. Your tokens remain in your custody at all times, until you decide to trade them.
CryptoSwapp allows a user to quickly conduct these transactions, with minimal steps.

Step 1. Go to the swap site here, and select the tokens you wish to swap.

Step 2. Input the amount you would like to trade

Note: If you are trying to buy $SWAPP set slippage to 6%

Step 3. Click "Approve", and confirm the swap in your wallet.

When you make a token swap (trade) on the exchange you will pay a 0.25% trading fee, which is broken down as follows:
0.17% - Distributed to LP providers
0.08% - Sent to Swapp Treasury
When you make a token swap involving Swapp Tokens, you will pay a 5% transaction fee that gets allocated directly to the LP pool.