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MeganSwap is a house of Metaverse Gaming and NFT, and Automated Market Maker (AMM), and the Exchange is at the heart of MeganSwap. MeganSwap is the leading AMM on the Binance Smart Chain, and as statistics tell, the most popular Decentralized Exchange (DEX) ever!
The MeganSwap Exchange offers several features that support decentralized trading:
Swapping/Trading
MeganSwap lets users trade without the need to go through a Centralized Exchange. Everything you do on MeganSwap is routed directly through your own wallet?no need to trust someone else with your coins!
Liquidity Pools
You can only swap tokens on MeganSwap if there is enough liquidity for those tokens. If nobody has added much liquidity for the token or tokens you want to swap, it will be difficult, expensive, or impossible to do so.
Providing liquidity will get you LP Tokens, which will earn you rewards in the form of trading fees for making sure there's always liquidity for the exchange to use.
Yield Farming
Yield farming lets users that are providing liquidity earn Megan token rewards by locking their LP tokens into a smart contract. The incentive is to balance out the risk of impermanent loss that comes along with locking in your liquidity.
Initial Farm Offerings (IFOs)
An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens. The IFO price is usually very generous.
Megan Token, a native utility token of MeganSwap, is used for a variety of purposes within the growing landscape. Its main functions are yield farming, staking, participating in the MeganSwap Lottery, and making and voting on governance proposals through the platform's community governance portal.
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