PocketSwap is an Ethereum & OKChain based DEX protocol that allows users to trustlessly swap their tokens and coins across multiple blockchains. PocketSwap pools tokens into smart contracts and users trade against these liquidity pools. Anyone can swap tokens or add tokens to a pool to earn fees. It obviates the need for trusted intermediaries, prioritizing decentralization, transparency, and security.
In general, a flexible fee is taken by the pool contract on every transaction/trade on PocketSwap. And, 83% of this fee is divided between the liquidity providers proportionally to their share.
For example, if a user provides 50% of the pool’s liquidity, he will earn 50% of the collected fee. The remaining 17% of the fee will go towards the XPocket token holders, proportionally. This is called New Gen Staking. The more tokens user holds, the bigger the reward.
Are highly secure since they do not require funds to be held on the exchange. XPocket team has solved the scalability problems of ETH network, by building on OKChain.
Available tokens in the first version of Pocket Swap will be:
USDT, ETH, POCKET, OKT
XPocket team will charge a fixed fee in POCKET tokens (amount TBD) for a listing on PocketSwap.