After being immersed in the Free Ton ecosystem for approximately 1 month and learning about the valuable products it has to offer to the market, I have come up with one in which, according to my short experience, can become a very important rival for more veteran projects in the industry, and I'm of course talking about the decentralized Ton Swap exchange. Once again, with the help of the Broxus team of professionals and developers and within the framework of the creation of the defi Alliance, DEX has been launched on the market, which complements the Free Ton group of pillars products, such as, Ton crystal wallet, and Ton Bridge, which together allow the user a more comfortable and accessible experience of decentralized finance.
Ton swap and its differences from other DEX
In the short time that I have known about blockchain and cryptocurrencies, I have seen that new technological trends have appeared in a matter of several months, such as decentralized finance, the yied farming or the Nft boom that we see today. But decentralized exchanges are one of the most prominent success stories in the market, mainly due to the ease of use they provide to users and the levels of security and anonymity they offer compared to most centralized exchanges that exist. That is why today, trading volumes and liquidity on DEX like Uniswap for example, outperform many of those exchanges. Precisely, speaking of uniswap, one of the most famous DEX on the ethereum network, it represents a very unprofitable and inefficient alternative for most traders today, due to the already well-known high gas prices that they must pay to carry out any transaction . This problem represents an opportunity for Ton Swap, since most of these users will be forced to migrate to other more efficient and accessible platforms. In addition, Ton swap users enjoy minimal fees and ultra-fast transactions, which is why we have seen a very notable increase in the number of users of the platform. Since most of the tokens and dapps that we see today have been created through the ethereum blockchain, it is not surprising that Ton swap seeks to create compatibility with that network, and nourish itself with the volumes of liquidity that exist in it, and for this, a TIP-3 wrapped token has been created, under its native token WTON in a 1: 1 ratio, which has already debuted on Uniswap with the WTON / USTD trading pair. The steps to convert TON to WTON are very simple and for this you only need to have the TON Crystal wallet installed in your browser.
TON Swap design and usability
Regarding this issue, there are many positive aspects to highlight. The main page is very comfortable and easy to understand, without many useless buttons that end up confusing the user. No registration is required and is only accessed by connecting your Ton cristal wallet in just a couple of steps. One of the characteristics that differentiates it from other platforms of this type is that data is shown in real time on the supported tokens, which are 17 to the date of writing this review; These data are prices, the price change updated at the moment, liquidity, commissions, the volume that is handled every 24 hours of each token and the TVL, which allow the user to have a clearer idea of where to put their funds. But I must highlight an aspect that undoubtedly caught my attention, and that is that a beta version is included in the Exchange, which will allow developers to launch their own tokens under the Free Ton blockahain and which is called “Free Ton Token constructor '' This section appears under the builder name at the top of the main page
DEFI and its predominant role in the ecosystem
Decentralized finance is the future, and Free Ton knows this very well, that is why they have recently launched a juicy incubation program called Crystal Handshake, aimed at promising projects in the DEFI industry, to give them the ability to access much higher levels of liquidity. The program is carried out through TON Swap and the selected projects and startups will have the possibility of matching their native tokens with TON Crystal, for the amount of 200,000 TON and nurture from farming programs for up to 500,000 TON. In addition to that, the winners will benefit from direct support in coverage in all networks by Free TON and the Defi Alliance and their native tokens will be available in the Ton Crystal wallet browser extension.
Ton swap and its spectacular performance program:
Yield farming is another of the terms that we have seen trending in recent months, and there are many, each with different conditions and risks. Again Broxus takes the lead, by adding to the Exchange Ton swap, an enviable yield farming program, with absolutely tentative yields unique in the industry, which have an APY of up to 204% in some pairs such as the WTON- pair. DAF. For this, there will be an amount of 15 million Ton Cristal tokens that will be distributed in the program. Users who engage in yield farming are rewarded when they provide liquidity to the WTON alongside the pairs of ETH, USDC, USDT, BTC, UNI and DAF With these very high performance levels, not seen on any other decentralized exchange, Free Ton It seeks to give access to its TON token to a wider audience and it is succeeding, since the total volume blocked to date is more than 25 million dollars, a very impressive milestone considering the time that the platform has been in operation.
My final words:
Finally, I must especially congratulate the Broxus team, for being so committed to the Free Ton community and creating promising products like Ton swap, which have optimized many of the common features in this type of DEX, at the same time They maintain very accessible fees at only fractions of what it would be to carry out a transaction on those exchanges. I think that the team continues to do a lot of hard work to spread the use of Ton Crystal and recently they have committed to add 1 billion dollars by the end of this year, which will be aimed at yield farming programs, seeking to attract more startups and defined protocols. that allow you to access the liquidity that is in other networks such as ethereum.
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