To understand well this promising and futuristic project it is enough to investigate well about it, then its wallet following with the innovative bridge to finish with its exchange Ton swap and it is precisely what concerns us in this review, order as defined in the great competition that launched the Free Ton project in our Revain platform, on the other hand I do not think it will be the last competition, It will be the last for now, I have no doubt that there will be more in the near future due to the overwhelming development of this platform, apart from the success of the contest, it is clear from the strong interaction reflected in twitter, which promotes the project very well, Ton swap is about the product that was missing from the platform to be a complete whole, the exchange.
Ton Sap is a decentralized exchange that despite the short time in operation already has a good liquidity, something that has suffered the decentralized exchanges, its great advantage is its very low commissions.
It still has very few pairs, but there are the most used stable coin.
The best option to access important information about ton swap is available on the official broxus lagina from there you can access the github repository where you can find the programming codes, the complete guide and direct access to the exchange.
How to operate with the exchange?
The process to operate with the exchange is simple, I see 3 processes involved, I will describe the exchange of pare as I consider the least documented in the guides and is not well explained,
Steps to follow to exchange Ton Cristal to USDT in the Ton Swap exchange.
First of all you must convert the amount of Ton Cristal you need available in your Ton Wallet, this is necessary because the Ton Swap exchange protocol does not operate directly with the Ton Cristal token, but with the WTON wrapped Ton token, on the other hand if it is the first time you operate with the wallet you must add the USDT token to your wallet, it is already available you just have to check it and add it.
(Important to know that 1 ton crystal = 1 WTON)
To do this go to the official Ton Swap website and select the WTON tab.
It will ask you to connect to the wallet and enter the amount of ton crystal you want to wrap, that is, Ton Crystal to WTON converter.
After that it will ask you to send the request and then you will have to enter your ton wallet password and confirm.
It will send you a message of the converted WTON and now you can go to the Ton Swap to exchange WTON to USDT.
(Do not get confused if you notice that in the wallet you do not see the WTON amount, but you will notice that it is already discounted and when you enter the exchange you will see that the amount is credited).
The process of using the bridge is very safe if you follow to the letter the very well explained guide that is available in the bridge guide from Ton To Ethereum and vice versa.
To document my experience I used the bridge to move 21 USDT resulting from the process described above, I followed the guide step by step and you can make the move from one chain to the other, now in recommendations to minority investors at the end of this review there is a very important observation, from my personal experience using the bridge.
The processes of adding liquidity to the pairs and agriculture in which you can have profits are more extensive but easy, I recommend following step by step the respective guides which are well prepared and you can check them available on the official website of Ton swap, I also recommend from the official website of broxus, There is a section from which you can access the GITHUB repository to see the open codes, the documentation and the Ton swap application directly. What I must emphasize is that in the swap process you can not operate directly with Ton crystal token, as the protocol is designed to operate with the WTON wrapped ton token, in a simple process you must wrap the amount you want to operate. The ratio is always 1 to one, i.e. 1 Ton crystal = 1 WTON, on the other hand the profit coming from farming you will get it in LP token.
It is worth noting that you can trade on the exchange with erc20 tokens coming from the ethereum chain, using the ton bridge you can use the exchange using erc20 tokens coming from the ethereum chain, that is one of the great advantages of trading transactions on the ton platform to trade directly on the ton swap exchange, with extremely low commissions compared to trading on the ethereum chain, something that until now was prohibitive to minority traders, however I do not recommend to minority investors for reasons that I will expose later, in the recommendations section.
Conclusions and recommendations
Once the cycle of detailed valuations to the Free Ton project is finished
And being able to operate on the platform, now with a clearer vision from my own experience I can issue recommendations.
Recommendations for individuals
Taking into account the great contribution that the Ethereun Free Ton bridge is representing with the versatility of the missing product to the Free Ton chain such as the Intercanbio Ton Swap, added to the large number of new financial products that will emerge, I personally maintain my investment and I invite interested people to follow this project closely because if no imponderable happens in the cryptographic world that negatively impacts the cryptographic market, In my personal experience I have already had a profit from keeping my Ton crypto, I will invest in the agriculture option that will give me good dividends, always taking into account that any financial investment involves a risk, but in this case it is minimal because there is always the option of taking refuge in the stable coin as the USDT that is listed on the exchange.
Recommendation for Minority Investors
I definitely do not recommend using the Ton Bridge to minority investors, I say this from my own experience, testing the Ton Bridge I tried to transfer an amount of 21 dollars in the USDT token from the Free Ton chain using my Ton Cristal Wallet and the Bridge Bridge to the Ethereun chain represented by my Metamask wallet, the process worked perfectly as I described initially, my surprise was that at the end of the transaction and to credit the 21 dollars in USDT, I asked for 78 dollars of commission to make the transaction, something totally implausible, I went to help in the telegram group Ton Bridge and to my surprise, it is not possible to cancel the transaction, it is not possible to cancel the transaction, that is to say I must pay the 78 dollars to receive 20, I expressed in the group of which I am part since I am an active member of the Free Ton platform, that I gave those 20 dollars for lost, but as long as that is so, I can never recommend to minority investors to use the bridge to the Ethereun chain, I want to make clear that it is not in any case of guilt in the free ton chain, the problem is the great speculation still reigning in the ethereum chain by the group of miners in the amount to charge for transactions, Now if you are a strong investor and do not mind paying the commission that is, if I recommend you use the bridge. See Image 1
Recommendations to the Free Ton project
IT'S NOT A DARE, IT'S MY JOB TO DESIGN WEBSITES. EVALUATE EXISTING WEBSITES AND IMPROVE THEM, LOOK FOR BUGS AND REPORT THEM. FINALLY
I would highly recommend to centralize the accesses directly in the main web of free ton the direct accesses to bridge, wallet and exchange, that would be great.
That the main web page has direct accesses to the wallet, to the exchange and create a VERTICAL tab with the tutorials to BRIDGE, WALLET and EXCHANGE and in this last one the tutorials of staking and agriculture.
Vedi recensione completa