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HomeCOINSWhat Is SaltSwap Finance(SALT) Coin Review ? Complete Guide...

What Is SaltSwap Finance(SALT) Coin Review ? Complete Guide Review About SaltSwap Finance

What Is SaltSwap Finance(SALT) Coin Review ?

SaltSwap Finance are a team of experienced software developers and product managers from top tier tech companies (aka the salts) that want to contribute to the BSC DeFi yield farm movement and take it to the next level. Even though are starting off with a salty yield farm, will quickly move on to bigger and greater things. They have big plans for the SALT token as you can see in roadmap, are in the short term planning do put development effort into the following:

  • Binary options
  • Launchpools (stake SALT get tokens)
  • Lottery (not only a chance for you to win more SALT but also a Burning Mechanism to keep the value of the token high)

The feel most projects in the space are a wee bit flavorless, so we are planning to add a little grain of salt and make them tastier. Get salty!

SaltSwap Finance (SALT) Storage Key Points

Coin BasicInformation
Coin NameSaltSwap Finance
Short Name(SALT)
Circulating SupplyN/A
Max Supply621,595
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

How?

SaltSwap Finance are launching a yield farm with a fair token distribution! No premine, reward start announced in advance, and no F&F getting allocs. They believe this is super fair and everyone can enjoy the salty yields.

What do you get then?

SaltSwap Finance believe that the usage of the farm will be enough for to get the dev funds needed to cover expenses and pay the incentives. SaltSwap uses PancakeSwap.finance awesomeness to drive our liquidity pools and swaps.

Why Binance Smart Chain (BSC)?

SaltSwap Finance be honest, it’s a no brainer. In very simple terms, why would we want to drive a slower car that costs more to run? While BSC might not have the level of adoption Ethereum does at current, we believe in Binance’s ability and drive to get it mighty close in the foreseeable future. Sure, launching on Ethereum would be the easiest thing to do and probably receive faster initial uptake, but like a challenge and are betting on BSC’s future.

SaltSwap’s Exchange

SaltSwap Finance are a simple way to trade one BEP-20 token for another via automated liquidity pools. In the backend of the exchange are using . The liquidity provided to the exchange comes from Liquidity Providers (“LPs”) who stake their tokens in “Pools”. In exchange, they get FLIP (SaltSwap Liquidity Provider) tokens, which can also be staked to earn SALT tokens in the “farm”. When you make a token swap (trade) on the exchange you will pay a 0.2% trading fee, which is broken down as follows:

SaltSwap’s Pools

SaltSwap Finance pools allow you to provide liquidity by adding your tokens to liquidity pools or “LPs”. When you add your token to a liquidity pool (LP), you will receive FLIP tokens (SaltSwap version of liquidity provider tokens). As an example, if you deposited $SALT and $BNB into a liquidity pool, you would receive SALT-BNB FLIP tokens. The number of FLIP tokens you receive represents your portion of the SALT-BNB liquidity pool. You can also redeem your funds at any time by removing your liquidity.

SaltSwap Finance Providing liquidity is not without risk, as you may be exposed to impermanent loss. “Simply put, impermanent loss is the difference between holding tokens in an AMM and holding them in your wallet.” – Nate Hindman It’s not all bad for liquidity providers as you will also be given a reward in the form of trading fees. Whenever someone trades SaltSwap, the trader pays a 0.2% fee, of which 0.17% is added to the liquidity pool of the swap pair they traded on.