MoonDogeSwap adopts the Automated Market Maker (AMM) trading mechanism, just like most other DEXes.
You can find a step-by-step tutorial on how to swap at MoonDogeSwap in the below page link:
MoonDogeSwap is deployed on the Binance Smart Chain, naturally, you can swap most of the BEP-20 tokens. You can also swap between Dogecoins and other tokens, it is MoonDogeSwap's mission to increase the liquidity of Dogecoin.
Swap users will be encountered the Buzz Words: Price Impact and Slippage Tolerance.
You can think of Price Impact/Slippage as the Bid-Ask Spread in the traditional financial market. For a detailed explanation, please refer to the below page:
When you swap (make a trade), you will be charged a trading fee of 0.3% on your Input Tokens.
For example, your input token is 1,000 MODO, you will be charged 3 MODO. So the actual amount of MODO used to swap to your output token is 997 MODO.
MoonDogeSwap team does not take the trading fee, it will be distributed to:
0.24% - Liquidity Providers (LPs)
0.06% - Repurchase and Burn MODO