Swap

A swap on the Bidask Protocol is the process of exchanging one cryptocurrency token for another within the decentralized exchange (DEX) environment on the TON blockchain. It leverages an advanced automated market maker (AMM) mechanism to facilitate efficient, secure, and near-instantaneous token trades.

During a swap, users specify the token they want to sell and the token they want to receive. The protocol calculates the exchange rate based on the liquidity available in the pools and executes the trade using smart contracts. The swap is subject to trading fees, price impact, and slippage, all of which are transparently shown to the user before confirmation.

Bidask Features

Bidask's architecture ensures minimal fees and deep liquidity, allowing users to swap tokens quickly with minimal price deviations. Additionally, the protocol's design supports partial executions if full trade volumes cannot be matched immediately, ensuring flexibility and optimal use of liquidity.

The swap experience on Bidask combines security through audited smart contracts, fast transaction speeds powered by TON blockchain, and an intuitive user interface, making it accessible for both novice and experienced traders.