LuckyToad: In this article, we cover a detailed review of LuckyToad. How does LuckyToad Crypto work & Are important features?
About LuckyToad
LuckyToad serves as the utility token for ToadSwap, a digital asset exchange platform launched in September 2022 and optimized in October 2022. ToadSwap’s primary innovation is its utilization of Account Abstraction to facilitate gasless swaps, allowing users to execute transactions without incurring typical blockchain transaction fees. This approach aims to simplify blockchain interactions for users, especially for those new to the cryptocurrency space.
A notable feature of ToadSwap is Protected Trades, designed to enhance trade security and reliability. This functionality addresses common concerns in digital asset exchanges, focusing on transactional integrity and trust. Additionally, ToadSwap addresses challenges in the Ethereum network, such as Miner Extractable Value (MEV) and frontrunning bots, which can adversely affect transaction outcomes. By mitigating these issues, ToadSwap strives to provide a fairer and more predictable trading experience.
LuckyToad Point Table
| Coin Basic | Information |
|---|---|
| Coin Name | LuckyToad |
| Short Name | TOAD |
| Total supply | 1B TOAD |
| Max Supply | 1B TOAD |
| Official Project Website | Click Here To Visit Project Website |
LuckyToad Price Live Data
The live LuckyToad price today is $0.010342 USD with a 24-hour trading volume of $221,825 USD. They update TOAD to USD price in real-time. This is up 20.63% in the last 24 hours. The current CoinMarketCap ranking is #2766, with a live market cap of not available. The circulating supply is not available and a max. supply of 1,000,000,000 TOAD coins.
Ethless Swaps Through Account Abstraction
Meta transactions have revolutionized the trading landscape by enabling on-chain information submission without any gas costs. This ingenious mechanism serves as the backbone of our Ethless Trading System, allowing users to experience smooth trading without the worries of Ethereum gas fees.
Unlock Rewarding Opportunities with ToadSwap
Welcome to the ToadSwap Referral Program, where community-driven growth meets rewarding opportunities! The program is designed to create a symbiotic relationship between our users and their networks. By participating, you don’t just introduce others to the benefits of ToadSwap but also open doors to an additional stream of income for both you and your referees.
LuckyToad Benefits
Mutual Earnings: Every time your referral makes a trade, both of you earn. It’s not just a bonus for introducing a new user, but a continuous earning opportunity.
Empower Your Network: By sharing your referral code, you’re not just promoting ToadSwap but providing an avenue for your friends and associates to earn additional income with their trades.
Passive Income Source: The more active your referees are, the more you earn. Over time, as your network grows, this can turn into a significant source of passive income.
Core Features
LuckyToad is a decentralized exchange that stands out from the competition with its direct integration to existing liquidity pools, innovative features prioritizing safety and efficiency, such as ethless swaps, auto slippage adjustment, and MEV protection, providing a better trading experience for users.
Gasless Swaps
A pioneer in account abstraction, ToadSwap ensures trades are gasless, freeing users from ever worrying about fluctuating gas fees.
Secure and Protected Trades
Leveraging the might of MEV and direct bundle submissions to block builders, ToadSwap keeps your trades concealed until they’re finalized, ensuring optimum security.
Built-in Charting
More than just a swap platform, ToadSwap stands as a comprehensive trading hub. With integrated charting, we aim to fill the gaps left by other platforms, offering users a comprehensive trading experience.
Upcoming Features
Pushing the boundaries of possibility, ToadSwap is set to introduce Rugpull Protection, Candle Swaps, and Block Optimized Positioning. We’re committed to delivering the future of trading, tailored to you.
LuckyToad Roadmap
LuckyToad Conclusion
LuckyToad has proven an integral utility token for ToadSwap since its introduction and subsequent optimization in October 2022, marking an historic achievement in digital asset exchanges. Through Account Abstraction technology, this platform has revolutionized how users engage with blockchain technology by offering gasless swaps – streamlining transactions as well as eliminating typical transaction fees that plague blockchain technologies – making ToadSwap an attractive option for both experienced cryptocurrency enthusiasts as well as newcomers alike.
ToadSwap’s commitment to simplifying blockchain interactions aligns with its larger industry goal of encouraging mass adoption of digital assets. By offering a cost-effective, user-friendly solution, ToadSwap has helped remove entry barriers into cryptocurrency space, increasing accessibility of decentralized finance.
As we mark LuckyToad’s one-year anniversary, ToadSwap is making waves within the cryptocurrency ecosystem. Support for gasless swaps and improving user experience exemplify ToadSwap and LuckyToad’s commitment to innovation and customer satisfaction, offering insight into its future developments relating to blockchain technology applications in digital asset exchanges.
LuckyToad FAQ
Why choose ToadSwap?
ToadSwap is a decentralized exchange that stands out from the competition with its direct integration to existing liquidity pools, innovative features prioritizing safety and efficiency, such as ethless swaps, auto slippage adjustment, and MEV protection, providing a better trading experience for users.
What are the fees on ToadSwap?
ToadSwap charges a very small fee on the gas that is paid through our ethless trading platform. As toadswap provides huge savings during transactions, this small transaction fee is significantly lower than the funds you are spending on other platforms. These fees will be collected and used to help grow the ToadSwap ecosystem. Nonholders will also be subject to higher fees on our phase 2 features.
What’s the long-term vision of ToadSwap?
ToadSwap aims to become the top decentralized exchange for safe, efficient, and user-friendly trading. The team plans to improve the platform continuously with new features and integrations to meet the evolving needs of the DeFi community. Also, ToadSwap aims to expand beyond Ethereum to support cross-chain swaps and contribute to DeFi’s growth by providing a reliable and accessible platform
How does ToadSwap ensure security?
ToadSwap implements various measures to prevent exploitation and has redundancy to enhance its safety. The platform’s keys are stored in AWS Key Management Service, the most trusted key storage service globally. Additionally, ToadSwap has undergone two audits of its token and swap via InterFi, ensuring its security and reliability.
How does ToadSwap calculate the output for trades and why is it different from other platforms?
ToadSwap calculates output differently than other decentralized exchanges, ensuring users receive accurate information about the tokens they will receive. The platform uses a calculation that subtracts taxes, price action, and gas from the total number of tokens to be exchanged. Because gas is built into your transaction, we show you the true cost of token exchanges rather than adding on external fees. This results in a more transparent and predictable output for users, unlike other platforms that may surprise users with unexpected token amounts and costs after the transaction has been submitted
