The best-automated market maker (AMM) is GIBX Swap. Therefore, learning how to trade and understanding its liquidity dynamics is necessary. You can swap two tokens on the platform at a 0.3% fee charged per transaction.
Understand how to transact your crypto tokens on this online financial tool. Here are the steps you will follow.
- Start by heading to the exchange page.
- On the top right-hand section of the pager, connect your Binance Smart Chain Wallet by unlocking it.
- Identify the tokens you plan to transact then, specify the amount.
- Check the details and approve. Repeat this process twice.
- Validate details and confirm the swap.
- Check your wallet to confirm the transaction.
GIBX Swap liquidity
Liquidity in this context is the ease with which your cryptocurrency converts into conventional cash. You will get an LP token when you add liquidity to the available pool. Please note that you can stake these tokens and earn X tokens in the farms. Liquidity addition requires enough amount of all crypto tokens involved. This addition process has a possibility of one incurring an impermanent loss.
If you want to add liquidity, visit the liquidity page and click the add liquidity command. This step is followed by picking tokens you plan to add liquidity and determining the amount. You will have to confirm the details then click the supply command. This step is followed by rechecking the details and confirming your supply. Please confirm your transaction in your wallet.
If you wish to remove liquidity, visit the same page and pick the liquidity pool you want to remove. Just click remove and select the percentage you desire removed. Kindly check your details and click the approve command. Click the remove command followed by checking details then confirming. Check your wallet to confirm the transaction.
GIBX pool dynamics
Know how to stake in the LP pool to make your time on the GIBXSwap platform a memorable one. Just navigate to the farms’ page and select the farms that you plan to stake. Follow this step by clicking the approve contract command. The following command you should prompt is stake LP followed by entering the LP amount then confirming. Lastly, go to your wallet to confirm this transaction.
There is also an opportunity for you to reverse your LP stake. You need to select the affected farms where you desire to un-stake. You should then click un-stake LP and specify the amount of LP. Follow this by a confirmation command. Kindly confirm this transaction in your wallet.
Another process on this platform use harvesting. You should select the farms you feel a harvest is a wise move. Kindly click the harvest command and confirm this transaction by checking your wallet.
This process is the same while working with a single pool.
X is the ticker symbol used with a maximum supply of 1,000,000,000. Please note that the chain in use is Binance Smart Chain (BEP-20). 1% is a reservation for Initial Lockup Offering (ILO). 9% of the supply is for ecological construction partnerships. These expenses include liquidity management, marketing, and other promotional needs. This percentage has a nine-month linear unlocking. The development will use 10% that will have a twenty-month linear unlocking. The remaining 80% will be an allocation for X community members.
Please note that 40% of the above share is earned via the LP pool. The same percentage by trade mining. Earn the remaining 20% by GIBX single pool.
Kindly note that you can review all your transaction details by clicking View on BscScan