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Swap
MoonDogeSwap adopts the Automated Market Maker (AMM) trading mechanism, just like most other DEXes.
If you are unfamiliar with AMM and how it works, please read related educational material at Binance Academy.
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
Last modified 1yr ago