PYESwap is the first swap utilizing BNB and ETH to power buyback functionality. PYESwap's exchange offers users and developers a best-in-class experience using our revolutionary Swap 2.0 technology.
Swap 2.0 technology allows our users and projects to swap with the base coin instead of the project token when collecting tokenomics. Every project that launches on PYESwap will utilize Swap 2.0 and advance their chance of success.
Current Swaps (Swap 1.0)
PYESwap (Swap 2.0)
Current swap platforms takes the taxes and fees in the project token itself, leading to negative sell pressure with every transaction.
Swap 2.0 takes taxes and fees in the base coin, not the project token, creating an authentic market by selling NO project tokens for fees.
Smart contracts store these taxes and fees, but only for a fixed amount of time and/or amount.
Taxes and fees are taken out immediately after each transaction, never placing strain on the smart contract.
The smart contract has to sell, or "dump" these collected project tokens back on the open market to obtain the base currency for development and marketing.
The contract never has to sell, resulting in net positive impacts on the project's chart.
Project loses momentum with the contract selling project tokens to collect taxes.
Only expands further development on the project token itself; projects can now "buy back" project tokens and increase their value as a whole.
PYESwap offers several features that support decentralized trading:
PYESwap lets users trade without the need to go through a Centralized Exchange. Everything you do on PYESwap is routed directly through your own wallet. You can be the custodian of your own tokens.
In the menu select Trade → Exchange.
Under the Swap, tap the above dropdown and select the token in your wallet that you would like to exchange.
Tap the below dropdown and select the token you would like to receive.
NOTE: If you cannot find the tokens you would like to exchange, in the dropdown, you can manually enter the contract address of the desired token. When adding the token using a contract address read the warning message carefully.
Now enter the amount of either the token you would like to exchange, or the token you would like to receive. The AMM will automatically calculate the estimated amount of the other token, based on the current exchange rate.
Once everything looks satisfactory, tap Exchange.
NOTE: Pay attention to the Price Impact warning when makin swaps (see below).
You will then be prompted by your wallet app to approve the transaction and the associated transaction fee (paid with Binance Smart Chain BNB).
Once approved, the transaction will be sent to the network for processing. Though this usually takes only about a minute, when the network is under high demand, transactions can take much longer.
When complete, the tokens will be removed from your wallet and replaced with the ones you exchanged them for.
You can only swap tokens on PYESwap 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.
A user can choose to provide liquidity to an existing pool (or create a new one) for a pair of tokens. Each pool has two tokens in it – held in quantities that represent an equal value of each token.
When a user provides liquidity, the exchange will give them an LP token in exchange for the tokens entered into the pool. This LP token represents the users share of the pool’s value and can be exchanged later for a share of the tokens held in that pool at the time liquidity is withdrawn. Users earn fees for providing liquidity, which are added to the value of the LP token automatically and will be released to the liquidity provider on withdrawal.
NOTE: While providing liquidity in a smart contract your tokens will no longer appear in your wallet, but will be visible by connecting your wallet to the DEX.
If available, the user may be able to farm their liquidity tokens in Pools, to earn additional rewards. While providing liquidity tokens are exposed to a risk known as impermanent loss or divergent loss.
Farming is the process of staking an LP token in a pool to receive rewards in return. The rewards come either from AMM fees or are provided by the project the LP token represents to ensure adequate liquidity.
Farms exist to incentivize liquidity providers and compensate them for the risk of impermanent loss, the rewards may be paid out in one of the tokens provided, or in another token
Farming allows users that are providing liquidity to earn APPLEPYE token rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
How can I list my token on the exchange?
Anybody can "list" any BEP-20 network token on PYEswap. You don't need to contact us or ask permission. You just need to add liquidity to a liquidity pool - that's it. Traders can then trade your token by entering your token's contract address.