What is WardenSwap (WARDEN) | What is WardenSwap token | What is WARDEN token
In this article, we’ll discuss information about the WardenSwap project and WARDEN token
What is WardenSwap?
Wardenswap is the digital asset exchange platform by using Blockchain technology that relies on Binance Smart Chain (BSC). The big difference from the other swap on Binance Smart Chain is an algorithm to find the best rate for Binance Smart Chain automatically.
Warden is not just the exchange but protocol that can provide “Best Rate API” for our partners who have eager to use warden technology as the material of their product and develop their idea on top of The Binance Smart Chain.
How can Wardenswap find the best rate?
How aliens create a cosmic grade decentralized exchange
Wardenswap is not just another decentralized exchange (DEX). As someone might have noticed, When you trade on Wardenswap, you will receive a much better price than any other DEXs. Besides that, If there is another pool that has a price ready to be arbitraged. Wardenswap will also take the deal for you. Wardenswap is not just an exchange. Wardenswap is the gateway to all decentralized exchanges on the earth. This is how it works.
Nowadays, AMM is the state of the art of decentralized exchange since the order book system will not work if the market is illiquid and all transactions on the blockchain cost you some gas. No one really wants to pay unnecessary gas to make an offer not knowing if their offer will be matched or not.
Well, this is how AMM solves the problem. By allowing token holders to provide their assets as liquidity into the pool to earn transaction fees on every transaction made to the pool.
An AMM uses a mathematical formula that takes into account the current liquidity of a trading pair and gives an instant quote to traders. In other words, instead of referring to an order book to get a price, you’ll get it as a result of an algorithm.
All DEX on Binance Smart Chain is AMM. But everything comes with a price. AMM solved a considerable obstacle that has been the primary source of concern for many DEXs — illiquidity. However, it brought a set of new problems, such as high slippage and impermanent loss for liquidity providers.
Here comes the solution. Wardenswap prices from multiple pools to find the best price across all pools. Not only that, Wardenswap also split trading amounts across multiple routes in a single transaction to make the trade make an even better price as you can see in the following image:
Wardenswap automatically find the best pool and the best routing
For example, if a user wants to trade BNB into BUSD but their trade will make a high price impact on a single pool. Wardenswap will split the trade into 2 different routes and trade 2 pools simultaneously. (This can be up to any number of pools!). So the bigger the DEX market be, the better price Wardenswap will provide.
If splitting improve the trade, Wardenswap includes it automatically
More than that, Wardenswap can also find deep routing if there is an in-between route to make the price even better, Wardenswap will include it in-between the transaction automatically.
Deep routing can find in-between route to make the price even better
For example, if a user wants to trade BNB into BUSD. But there is an in-between WAD-BNB route that can make this trade even better(Even if that pair is on another pool!). Wardenswap will convert BNB to WAD in Warden Pool and convert WAD to BUSD in Bekery Pool.
In another word, Wardenswap automatically arbitrage the entire market for you.
Please note that all of this happens on-chain in a single atomic transaction. Wasn’t that a cool human? But if you think this is already cool, there are a lot of jaw-dropping features waiting to be released soon.
Warden Token
Basic Information
Token Name : Warden Token
Token Symbol : WAD
Decimals : 18
Contract Address : 0x0feadcc3824e7f3c12f40e324a60c23ca51627fc
Warden Finance is a fair launch project with no pre-sale, no investor, and no pre-mine. We will reward various participants that help bootstrap our ecosystem. This will be the only way to earn Warden tokens.
What is Warden token used for?
For the Governance: We will soon launch governance. Warden token holders can influence decisions concerning the project such as proposing or deciding on new feature proposals and even changing the governance system itself.
In the initial phase, governance decisions will be made on Snapshot.
Other: Warden token holders will decide in the future.
How will WARDEN release and distribute?
WAD tokens will be gradually released to liquidity pools according to their respective reward multiplier (e.g. 5x, 10x, etc).
Early farmers (or as we like to think of them, early “WARDENers”) will be greatly rewarded in terms of the initial “WAD per block” release.
Initial release schedule:
- Period 1: First three days, 80 WAD minted per block
Daily distribute (Based on 28,800 blocks per day) — 2,304,000 WAD per day
- Period 2: Three days after, 40 WAD minted per block
Daily distribute (Based on 28,800 blocks per day) — 1,152,000 WAD per day
- Period 3: Three days after, 20 WAD minted per block
Daily distribute (Based on 28,800 blocks per day) — 576,000 WAD per day
- Period 4: First and Second year, 10 WAD minted per block
Daily distribute (Based on 28,800 blocks per day) — 288,000 WAD per day
- Period 5: The Third year, 5 WAD minted per block
Daily distribute (Based on 28,800 blocks per day) —144,000 WAD per day
In total, there will be 272,304,000 WAD tokens and the remaining tokens are reserved for the future and prevent whale holders who have WAD tokens too much. We want to create a powerful project in the long term.
The total supply of WAD is 320,000,000. We will start our rewards distribution on block 5,730,000 (approximately 16 March 2021 11.50 UTC time) https://bscscan.com/block/countdown/5730000
Token chart
Note: These percentages have been rounded to the nearest whole number for simplicity. The actual figures are 75.64%, 9.45%, and 14.91%)
Warden Liquidity Pools
Initial WAD-WBNB Liquidity:
300,000 Warden tokens were used to seed WardenSwap’s WAD-WBNB pool. (150,000WAD-60BNB) and all LP tokens will be burned. So there will be no rug pull.
LP Burning Transaction ID https://bscscan.com/tx/0x8c261b164424a4e029f566e4faa690b7d759d4a93ca269fcd562c02a064418e7****
Trading fee
Warden’s best rate platform applies a 0.1% fee but it free of charge if users hold WAD at least 100 tokens.
Pool fee
Warden’s pool applies a 0.30% fee which 0.25% will go to Liquidity Providers (LPs), and 0.05% will be converted to WAD tokens and given to WAD holders for Earn & Burn programs.
How and Where to Buy WARDEN token?
WARDEN token is now live on the Binance mainnet. The token address for WARDEN is 0x0feadcc3824e7f3c12f40e324a60c23ca51627fc. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap WARDEN token
Contract: 0x0feadcc3824e7f3c12f40e324a60c23ca51627fc
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in WARDEN token is currently Pancakeswap v2
Find more information WARDEN
☞ Website ☞ Website 2 ☞ Explorer ☞ Source Code ☞ Social Channel ☞ Message Board ☞ Documentation ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
⭐ ⭐ ⭐The project is of interest to the community. Join to Get free ‘GEEK coin’ (GEEKCASH coin)!
☞ **-----https://geekcash.org-----**⭐ ⭐ ⭐
Thank for visiting and reading this article! Please don’t forget to leave a like, comment and share!
#blockchain #bitcoin #warden #wardenswap
