Palmswap is a decentralized perpetual exchange for leverage trading on BNB Smart Chain. The exchange has a hybrid infrastructure model utilizing non-custodial, on-chain settlement and an off-chain low-latency matching engine with order books.
@michael_well on a recent announcement they mentioned over 1.27 million tokens were burned, you can find all the details in their TG and Medium accounts
@george_isaev it's not a bad idea at all, if it's not implemented could be for a reason but this is just getting started and the team is always taking suggestions from community members into consideration
@kirillll_petrovsky not yet, the team will make sure to let everyone know once it is as we need as many eyes as possible checking for issues to enhance user experience
@philippe_4ernoff It truly is an amazing project. Anytime soon, the team is making sure everything is properly done before releasing and announcing to the community the minute it happens. Appreciate the support, thanks!
@ildar_khamidullin I believe the team is considering all options but will implement them as they or if they see fit. Good thing is we're having a lot of announcements and news are being constantly shared.
@serzh_alekseev part of it comes from farming where holders need to provide liquidity as well as fees for staking and claiming. More sources for liquidity will come when the Dex is fully operational
The trading fees are 0.1%, which is cheap for the DEX platform. For example, on other major CEXs, the fees is the same (0.1-0.2%). Then, it's better to use decentralized solutions
@timur_shakhzodoff absolutely, that's precisely one of the reasons why the team have been working so hard to provide users with an alternative that's accesible for everyone
Hi ProductHunt!
We are excited to share what we have been working on for the last year. Palmswap is a decentralized perpetual exchange for leverage trading on BSC.
Why Palmswap?
Fully on-chain
Trade long and short with up to 10x leverage, no sign-up, no middleman, no waiting.
Use different order types
Needed order types as limit orders, take profit and stop loss on-chain available now.
Guaranteed liquidity
Trade instantly with guaranteed liquidity using vAMM technology at any time.
Hybrid
A hybrid infrastructure model utilizing non-custodial, on-chain settlement and an off-chain low-latency matching engine with order books.
Cross-chain compatibility
Cross-chain is the interoperability between two relatively independent blockchains.
Fast
Trades will be executed instantly and confirmed on the blockchain within minutes.
It truly is an amazing project. Anytime now, the team is making sure everything is properly done and will announce the minute it happens to inform anyone in the community, appreciate the support, thank you!
Well done to the team for being on point. I'm glad that Palmswap have their own Launchpad although not so much info on that front. Not included in a roadmap (yet?).
@vonmagor yes it's still on it's early stages though but it has already proven it's effectiveness after PalmSwap's very successful community fairlaunch. Very exciting time lie ahead once they start adding more upcoming projects