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Evan Luthra
Mar 2, 2022
by Evan Luthra

Swap Your Tokens on Exchanges in the Tron Blockchain With Socialswap's Fast Decentralized Aggregator Platform

Socialswap 
'Fast-moving'. This is the best term to describe the current crypto market. In this space, innovations and problem-solving products are being pushed out every day and because of this, it is not enough to just be theoretically aware of these inventions and how the industry works. You have to get in and get your hands dirty to enjoy all of the amazing life-changing benefits the crypto space offers. 

This is exactly what the team at Socialswap is doing. While blockchain technology and the cryptocurrency industry is changing lives and solving many of the biggest financial issues plaguing the traditional finance system, it is far from a perfect solution. The system is riddled with long transaction completion times and more recently hundreds (and even thousands) of dollars charged as transaction fees. 

These two problems are part of the reasons why Socialswap decided to build its solution on a fast blockchain. It is also why the Tron blockchain was an obvious choice for this. With almost 60 million users worldwide, Tron is a fast-growing blockchain that has increased its user base by almost 500% in the past year. 

Socialswap 

Socialswap is a decentralized exchange on the Tron blockchain with various community-based events and staking options. This is a decentralized aggregator platform where users will be able to swap the tokens of every decentralized exchange (DEX) on the Tron blockchain with a market order. The unique selling propositions (USPs) Socialswap delivers ensure that this is a platform that will have a massive impact on the Tron blockchain. 

Socialswap Features 

  • Limit Order Protocol

    • The Socialswap platform boasts of the limit order protocol which is a game-changing feature it plans to release with its news aggregator. At the moment no other decentralized exchange on the Tron blockchain has this function. Socialswap will be the first to offer this service. 

    With the limit order function, users will be able to automatically swap on any decentralized exchange on the Tron network at a predetermined price. This function will allow users to place buy and sell orders without wasting too much time in front of the DEX. Users will be able to buy tokens at their lowest prices and sell them at their highest prices whenever they want and this will help users make smarter trades with minimal effort. To add to this, the community will be able to specify beforehand the duration of time that the order should be valid. 

    Advantages of the Limit Order Protocol 

    • No fees — When the Socialswap limit order protocol is used, no fees will be charged. This ensures that the protocol is extremely user friendly and accessible for everyone.

    • Dynamic pricing — The protocol's price calculation is done by automated smart contracts, and this is based on demand and supply and by connecting all DEXes on the Tron blockchain. 

    • Conditional — Users will be able to set their orders with specific conditions that require execution to maximise their earnings on trading operations. 

      •  

      • Aggregation Protocol

        • This protocol sources liquidity from the different available exchanges on the blockchain and can also split a single trade transaction across multiple DEXes to guarantee the best prices.

        How it works

        Aggregation information services on exchange protocols and networks are provided by the protocol. The Socialswap smart contract is the core part of the protocol and it performs runtime verification of transaction execution. As a result of this, the funds of users can not be lost even when there is a case of an interaction with a liquidity source that is unsafe. Since this smart contract ensures security, the protocol can confidently be used in various aggregation information services, such as Pathfinder, which is developed and run by Socialswap.

        The Socialswap Token (SST) and how you can buy it

        SST is the utility token of the Socialswap ecosystem and as a token holder, a couple of perks users will enjoy are savings on trading fees and being rewarded with SST for swapping on the platform. 

        Users can either buy SST on Socialswap's DEX or they can buy from ProBit (a centralized exchange). To buy on the DEX, a user would need to add the Chrome Extension Wallet “TronLink” and create a wallet. Then they have to transfer either TRX or USDT (TRC-20) to this wallet and buy SST on socialswap.io/swap. On ProBit, the user just needs to sign up, go through the KYC procedure and top up your account with either BTC, ETH or USDT. They can then buy SST with BTC, ETH or USDT. 

        Other Products by Socialswap

        • Routefinder

          • This is an aggregation information service from SocialSwap. It finds the best trading paths across different markets in less than a second while taking gas into account. The Routefinder by Socialswap is a cutting-edge discovery and routing algorithm, which offers exchanges for assets at the best rates in the market. This algorithm finds the most efficient paths for a token swap and can split between different protocols and different market depths within one protocol in the shortest possible time.

          • Trailing Stop Order

            • The trailing stop order which is also implemented on the conditional order feature helps the user set the stop price at a fixed amount below market with an attached ‘trailing’ amount. If the market price increases, the stop-loss price will rise by the trailing amount. If the price falls, the stop-loss price will remain unchanged.

            • Stop-loss Order

              • This order is executed when a trade reaches a specific price point that is set by the user. When this price limit is reached, the open position will close to prevent further losses.

              Roadmap

              Q3/Q4 2021

              • Voting Function on DEX

              • Infinity Pools

              • Announcement of socialswap.io DEX Aggregator

              • Second Community Event in Vienna

              • Second Community Meetup in Dubai

              • Autocompound Pool

              • Marketing Bundle

                • Q1/Q2 2022

                • Listing on Coinmarketcap and Coingecko

                • Launch of socialswap.io DEX Aggregator

                • Lucky Hash

                • Mallorca Meetup

                  • Q1/Q2 2023

                  • DAO (Decentralized Autonomous Organization) for Staking

                    • Q3/Q4 2023

                    • Centralized Lending platform with FIAT connection

                      • Follow us on: News
                      Socialswap
                      Swap Your Tokens on Exchanges in the Tron Blockchain With Socialswap's Fast Decentralized Aggregator Platform
                      Evan Luthra
                      Evan is a tech-obsessed thought-leader who has spoken at 100s of conferences around the world. He has extensive knowledge and experience in mobile apps and his company, EL Group International, has developed and delivered mobile apps for major Fortune 500 companies. He has also received an honorary Ph.D in Blockchain for the impact he has made in the industry from launching Blockchain Schools to Blockchain Coworking spaces and having spoken at 50+ Blockchain events. As a highly accredited Angel Investor, Evan believes in stepping out of his comfort zone and exploring the power of conceptualization, innovation and execution.

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