🔄Exchange
Last updated
Last updated
CronaSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on CronaSwap is routed directly through your own wallet — no need to trust someone else with your coins.
When a user makes a token swap (trade) on the exchange, a trading fee of 0.25% will be charged, which is broken down in the following way:
When you add liquidity to the pool, you will get LP tokens. When someone makes a token swap, a transaction fee of 0.25% will be charged. 0.17% will be returned to liquidity providers in the form of a fee reward.
The liquidity pool will also allow you to stake your LP tokens to earn CRONA tokens in the Farms. Hence, apart from earning income from token swap transactions, a user will be able to stake LP tokens and earn CRONA tokens.
For instance, if you add liquidity to CRO / CRONA, you will receive CRO-CRONA LP tokens. The number of LP tokens you receive represents your share in the CRO-CRONA liquidity pool. You can always request the withdrawal of your funds by removing your liquidity.
You can only swap tokens on CronaSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.
0.17% is returned to liquidity providers in the form of a fee reward. 0.03% is returned to Treasury. 0.05% used to CRONA token burning.
