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❕NEWS Socialswap - Decentralised Exchange + upcoming usecase on CORE

Defi_Pate

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It is a decentralized exchange on which users can exchange and stake their cryptocurrencies. The project has existed since March 2021 and has built up a solid community in the German-speaking area in the meantime and is also being built up internationally. In addition to an above-average APR when staking, Socialswap currently offers the cheapest price to swap your own coins through its own aggregator. The project is present on the TRON Blockchain, but will soon go multichain, as a usecase on the CORE Blockchain.
Kopie von Kopie von logo_socialswap-01.png
Twitter , Instagram
Start date was 25.03.2021 as can also be seen from Tronscan


General information
The project, which started in the German-speaking area (D-A-CH), has set itself the goal of establishing itself in the long term as a DAO (decentralized autonomous organization) in the DeFi area. The goals so far have been achieved and it shows that especially a community bound project stands out clearly from others.


Earning potential
1.minimum investment amount
From 1$ you can already invest. The prerequisite is that you are in possession of a wallet that is located on the Tron Block Chain. We recommend the Tron Link Wallet, available for PC, Android or IOS.

From 06.09 another pool will appear - a locked pool. This one is locked compared to the other pools. This means that the staked coins can be staked for a minimum time of 10 weeks up to 104 weeks at a significantly higher APR.

The Auto Compound Pool has the special feature that the staked amount is claimed several times a day by manually triggering the bounty button (by other users who also staked their tokens in the pool) and is automatically staked again. There are no costs for the user of the Auto Compound Pool. The staked amount increases automatically day by day, with a current APR of 59%.

Means
Day 1 example 1000$ in the pool (24.937 SST as of now)
at the end of day 1 already 40 SST have been earned, so the amount increases to 1001,62 $ (24988 SST) . So the invested amount of SST has already increased without own action on the day. The specially implemented calculator can also be ideally used here to get a better overview.

For staking it should be added that the staking fee is 0%.
If you want to unstake you have to pay a fee of 0.1% x the number of days you were staking, but not more than 10%. So it is no difference if you staked 100 days or 150 the unstaking fee stays the same. For each unstaking that was made, the partner whose referral link was used to connect to the exchange of Socialswap receives 10% as referral payment paid by Socialswap. But more about that in the next point.

Affiliate Program
Similar to other exchanges such as Binance or Stex, each user of Socialswap has their own referral link. If this is used, the link donor receives an additional 10% of the revenues generated by the partner of Socialswap. For networkers, this therefore offers an attractive additional income, if friends and acquaintances or even partners participate in the long term in this project. Thus with strong partners attractive Affiliate Pending Claims can obtain - a passive income. Independently of this, however, everyone can profit from it through the staking and the price development.

Deposits and withdrawals
Withdrawal limits are not known to me, I have not had any problems with my withdrawals so far. Every user can access their wallet 24/7 and exchange, withdraw or even re-deposit assets. Another advantage of a decentralized exchange! There are fees like any other transaction, but they can be kept low thanks to the Tron Blockchain and the cooperation with Tokengoodies. A $500 transfer from Tron to a central exchange to switch to FIat incurs less than a $1 fee.

I took the liberty to screenshot a withdrawal process (unstaking of SST - switching from SST to TRX ), so everyone can see that it works. About the exact process (for newbies) I recommend either to get familiar with the handling via the tutorial videos or to contact me or the community.

Crypto currencies
Through the aggregator, Socialswap offers the following option.

USDT - > SST
TRX - > SST
USDD - > SST

back from SST to

SST - > USDD
SST -> TRX
SST -> USDT

the possibilities listed here now only concern the deposits and withdrawals of SST . It is also possible to trade in BTC via the aggregator TRX (Tron). A previous exchange of FIAT (EUR, USD) into crypto is a prerequisite.

The advantage of using the Tron Blockchain is that you only need one address (wallet address) to receive deposits of all TRC20-based coins.

The withdrawal method is possible 24 hours and speed is feasible within a few seconds thanks to the TRON Blockchain. Compared to the Ethereum Blockchain, the costs are minimal and the duration of deposits and withdrawals is unusually fast.


It should be added that the partnership with Tokengoodies gives the user a huge advantage, since by borrowing Energy (3 days), he can reduce the cost of the accruing use of the blockchain up to 85%. This allows transactions to be made where only a fraction of fees are incurred compared to the ETH Blockchain, plus in seconds. The larger the amount to be transferred, the more energy is required.

Additional information
1. ICO
Has already been completed

2. Verification
unlike central exchanges, no verification is required here.
There is no KYC, only who is in possession of the keys of the wallets, also has access to the coins or tokens.
Thus, access is also possible for people who are excluded from the system elsewhere.


For those of you who still want to get a better picture via youtube I recommend the following links .

https://youtu.be/1CZ-JDcpEMo


Furthermore, it is worth taking a look at CORE - with its own ecosystem.
See also this short video https://youtu.be/GxbipCZuhQs
There is already sporadic information about CORE itself. Luna Mesh will offer - compared to Starlink - probably the biggest technical revolution, because it will be available to everyone.



MY REFLINK TO CONNECT TO SOCIALSWAP

If you need help connecting to the DEX, I recommend the following site http://defi-learning.space
There you will find a step by step explanation of the DEX.
 

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Any update about this project? Core has gone multichain and has just few Dex platforms like icecreamswap. They're in need of more projects to help grow their ecosystem to greater heights. I don't think I've heard of them.
 

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