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HomeCOINSWhat Is HakuSwap (HAKU)? Complete Guide Review About HakuSwap.

What Is HakuSwap (HAKU)? Complete Guide Review About HakuSwap.

What Is HakuSwap (HAKU)?

To begin, they should make clear the distinctions between the different areas of “HakuSwap“, some of which may confuse new users. The company which developed the Haku protocol, along with the web interface. A suite of persistent, non-upgradable smart contracts that together create an automated market maker, a protocol that facilitates peer-to-peer market-making and swapping of ERC-20 tokens on the Avalanche blockchain. A web interface that allows for easy interaction with the protocol. The interface is only one of many ways one may interact with the Swap protocol. A governance system for governing the Swap Protocol, enabled by the HAKU token- coming soon.

HakuSwap Storage Key Points

Coin BasicInformation
Coin NameHakuSwap
Short NameHAKU
Circulating Supply10,604,714.88 HAKU
Total Supply25,650,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

As a Trader

You will find potential Haku projects on HakuSwap early and accompany them to grow up to ‘rock stars’ through trading, farming, ect. Also, you will get free Haku by trade mining. You will find the best support, including growth fund, arbitrage support, entertaining activities, resource connection, friendly display, etc. Unlike other AMM decentralized exchanges on Avalanche, your recommended swap route is AVAX, not USDT or BTC. Arbitrage between HakuSwap and other DEXs or CEXs can cost way lower. Unlike centralized exchanges like Binance, HakuSwap doesn’t hold your funds when you trade you have 100% ownership of your tokens, and you can trade directly from your wallet.

Setting up HakuSwap

Follow these guides to get everything set up to use HakuSwap, or feel free to jump to the guide you need if you’ve been doing okay but lost your way. Using anything new can be a bit of a challenge. Don’t worry though, they’ve created a range of guides to help you get comfortable with. Check the menu for more documentation on the range of Swap features and services, including more advanced guides.

Create a Wallet

To get started on HakuSwap, the first thing you will need is to set up a wallet that supports Avalanche (AVAX). When you set up a wallet, follow the guide carefully and safely back up your recovery phrases. They recommend the below wallets for simple setup and ease of use.

How can I list my token on the HakuSwap exchange?

Anybody can “list” any AVAX ERC20 token on Swap. You don’t need to contact or ask permission. You just need to add liquidity to a liquidity pool – that’s it. Traders can then trade your token by entering your token’s contract address. You can create any pool you like, but they recommend creating an ‘ALT – AVAX’ pool. ALT stands for your token. They have the evaluation standards for the project and will add projects that meet the requirements into the default list.

Yield Farms and Staking Pools

Yield Farms incentivize users to provide liquidity for your trading pair by distributing HAKU to your pair’s LP Token holders. Staking’s Pools are a way of distributing your tokens to HAKU users who stake HAKU in the pool. These two products go hand-in-hand on Swap when a project provides their tokens for a Staking Pool, also create a Yield Farm. If you’re looking to distribute tokens and incentivize liquidity, get in touch.​

Audits

HakuSwap is committed to building only safe and trusted code to the community that is audited prior to release. The full audit by Ether Authority & Hash0x can be found here. We are pleased with the Passing grade with 0 High Severity, Moderate, Medium issues found. Swap is an Automated Market Maker (AMM), and the Exchange is at the keystone of Swap. Swap lets users trade without the need to go through a Centralized Exchange. Everything you do on Swap is routed directly through your own wallet—no need to trust someone else with your coins.

Nile
Nile
Nile Is Very Old Author At Wootfi Blog . We Loves To Write About Altcoin , ICO & Defi . In Free Time He Loves To Play Football .