And WTH is CandySwap?

·

2 min read

And WTH is CandySwap?

CandySwap is an Order Book DEX (or also known as Central Limit Order Book DEX as discussed in this article: WTF is a CLOB DEX?) built on Alephium blockchain where users can place buy & sell orders for an asset at a set price.

🟣Features

🔄Swap

Set Limit Orders to purchase or sell assets at a specified price.

Buying

Specify the token amount and your price in $ALPH, then place your order! Your bid will be added to the Order Book and matched with a sell order if available.

Selling

Enter the token amount and your asking price, then place your order! Your offer will be added to the Order Book and matched with a buy order if available.

Note: Trades may take time to complete as they need to match with another user. You can withdraw your order anytime. Withdrawing halfway through is also supported by the DEX; this is also known as a Partial Fill.

📊Tokens

A list of tokens on the DEX, featuring a dashboard with details on price, trading volume, order book, depth chart, and completed swaps.

🎨Creators

Token Listing and Meme Coin Generator platforms allow anyone to easily create and list their coin without needing any liquidity upfront.

💼My Wallet

Wallet overview of held assets that are listed on CandySwap, including history of past executed Orders & successful Swaps.

🟣Conclusion

CandySwap offers a great DeFi level of order book trades & swaps directly on Alephium's blockchain without having to rely on a centralized exchange(CEX).

This provides users with enhanced security via decentralization, full transparency of on-blockchain transactions, and naturally reduced fees.

Sources:

📑https://docs.candyswap.gg/

🔗https://candyswap.gg/


Disclaimer: The information provided in this article is for informational purposes only. It should not be considered financial advice. You should consult with a financial advisor or other professional to determine what may be best for your individual needs. We do not make any guarantee or other promise as to any results that may be obtained from using our content. No one should make any investment decision without first conducting their own research and due diligence. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable, or result in any investment or other losses. Remember that investing in crypto involves risk, and past performance is no guarantee of future results.