What Is Seamlesswap

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SeamlessSwap?

By far the most unique decentralized exchange (DEX) on Binance Smart Chain (BSC), SeamlessSwap, has become somewhat of a trend setter in the blockchain space in recent months, thanks to its massive liquidity, wide-ranging feature set, and loyal user base.
The platform is designed to allow users to securely trade Binance Coin (BNB) and a massive variety of BEP-20 tokens without relying on centralized services or losing control over their private keys. As a decentralized exchange, all trades on SeamlessSwap are automatically executed via smart contracts — completely eliminating counterparty risks.
Although the team behind SeamlessSwap has been completely anonymous, the platform has been audited by numerous blockchain security firms — including audits.finance. The platform is also completely open-source, since the SeamlessSwap website and smart contract code are open to public scrutiny. Nonetheless, it is known that the team consists of more than a three members (devs) with subcontractors bought in to do the relevant works required.
Since the platform launched in November 2021, it has seen a dramatic growth not only in the number of users and the liquidity of supported assets, but also in the variety of features it offers. Now, SeamlessSwap can be considered an entire ecosystem of DeFi tools, all of which are built around the platform’s native utility token – Seamless
Token

SeamlessSwap Token

How Does Seamlesswap Work?

Seamlessswap is a type of DEX known as an automated market maker (AMM). This essentially means that there are no order books, bid/ask system or limit/market orders. Instead, users trading on the platform automatically draw liquidity from one or more liquidity pools, which then rebalance after the trade is complete. Trades conducted on an AMM, like SeamlessSwap, subtract liquidity from one side of the pool and add liquidity to the other, thereby changing the weights of the assets in that pool and their relative values. This liquidity is contributed by users, known as liquidity Providers (LPs), who add equal values of both sides of a liquidity pool (e.g. BNB/USDC) to increase the total amount of liquidity available. Users receive LP tokens that represent their share in that particular pool. These tokens need to be returned in order to retrieve their fraction of the pool. In return for providing liquidity, LPs receive a share of the transaction fees generated by any pools they contribute. There is a flat 2% transaction fee for makers and takers, most of which is shared among the liquidity providers. As a decentralized application (DApp), SeamlessSwap is generally accessed through a supported Web3 wallet, such as MetaMask, TrustWallet, or WalletConnect. Once configured to support Binance Smart Chain, these wallets are used to interact with the SeamlessSwap smart contracts via the intuitive SeamlessSwap front-end. The platform is funded by the SeamlessSwap treasury, which currently receives 10% of all the trading fees generated. According to the official documentation, funds from the treasury can be used for a variety of purposes related to the upkeep and maintenance of the platform. These include salaries, audits, prizes, bounties, hosting, etc.
Since its launch in 2021, the platform has gone through several upgrades, each of which has seen the addition of new products and features. SeamlessSwap upgraded its landing page at the start of 2021, giving the developers more freedom to improve the future of its marketing and a base for its DApp. SeamlessSwap has also added new features to its DApp— such as auto-compounding in pools and are currently working on adding a referral program. The DEVS behind SeamlessSwap currently maintain a roadmap with room for variations, but it is known that there is a public announcements on furture plans (without specific dates). Some of the major items on the list include adding fixed-term staking products, adding a launch pad, updating the white paper to a more concrete plan and allowing users to purchase NFTs.
Seamless, a native utility token of SeamlessSwap, is used for a variety of purposes within the growing landscape. Its main functions are yield farming, staking and participating in the SeamlessSwap Lottery.

why Seamless is different

What Makes SeamlessSwap Unique?

Built on Binance Smart Chain, SeamlessSwap leverages a number of its unique properties to provide an excellent trading experience to end-users. For one, it benefits from extremely low transaction fees and rapid confirmation times — ensuring trades are executed quickly. It also doesn’t generally suffer from displacement attacks like front- running, making it safer to use than some other AMMs on blockchains with a slower block time.

Beyond this, SeamlessSwap also offers an extensive range of secondary features, many of which provide additional utility to Seamless holders. The most prominent of these currently include :

Pools are the equivalent of SeamlessSwap’s simple staking functionality. Through the
platform’s pools, users can stake a variety of BEP-20 tokens to earn a yield — either in
the form of Seamless or another reward token.
As with its yield farms, the APY for each pool can vary considerably, and users will need to consider the changing value of their staked assets to calculate their true yield.

SeamlessSwap allows users to earn an additional yield by staking supported liquidity provider (LP) tokens in one of its numerous yield farms. By participating in a yield farm, users earn a Seamless yield on their LP tokens. This is on top of the yields generated through transaction fees. The exact APY can vary from farm to farm, but can be as high as several hundred percent. Though users will need to factor potential impermanent losses into their overall yield.
SeamlessSwap is unusual among decentralized exchanges in a sense that it also offers a lottery feature — allowing users to buy lottery tickets to potentially take down a large pot of Seamless Tokens.
The price for a single ticket is around $5 in Seamless at current rates. A total of 90% of the prize pool is allocated to users who is picked at random by the code that has been implemented into the lottery system.