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p/palmswapTrade perpetual contracts on BNB Smart Chain
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Igor Varnavsky

Palmswap - Trade perpetual contracts on BNB Smart Chain

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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.

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Philippe Chernov
It's an amazing creation. Congrats! But when will you add new trading pairs?
Phil Palm
@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!
Phil Palm
An absolute game changer not only in BSC but in the whole crypto and finance space
Igor Varnavsky
Maker
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.
Jay Johnson
Thank you for giving us the opportunity to test your exchange by receiving test BNB or USDT
George Isaev
I think your platform needs OCO orders as you are targeting futures trading
Phil Palm
@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
Ildar Khamidullin
Will you be adding spot trading in the future? I don't think you should limit your platform to only futures trading
Phil Palm
@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.
KroplaZnieba
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?).
Phil Palm
@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
KroplaZnieba
@phil_palm Agree. Will be looking out for more info about it as it is another important element that keep investors to hold their Palms
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Phil Palm
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!
Kirill Petrov
Has the Bug Bounty program started yet? When I click on this button on the site, there is no link
Phil Palm
@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
Michael Well
Where can I see information about how many PALM tokens have already been burned?
Phil Palm
@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
Timur Shakhzodoff
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
Phil Palm
@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
Murat Khadzhaev
I think your platform lacks a bit of liquidity to avoid long price swings
Phil Palm
@murat_khadzhaev agreed, the good thing is the team is always working on improving every aspect of the platform, liquidity being one of them
Big Joe
we are excited to launch this because I think this will be a dominant trading platform soon.
Oleg Shuvalov
Why is your token trading at the same level during the entire time of trading or is this a Coinmarketcap bug?
Serzh A.
You're talking about guaranteed liquidity, may I know where you get this liquidity from?
Phil Palm
@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