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HomeCOINSWhat Is XX Platform (XXP)? Complete Guide Review About...

What Is XX Platform (XXP)? Complete Guide Review About XX Platform.

What Is XX Platform (XXP)?

Trading on PancakeSwap is very easy compared to most exchanges. You aren’t going to be overwhelmed by charts or jargon, and calculations are all handled for you. Before you can trade, you will need a BNB Smart Chain-compatible wallet. You can learn how to get one here. You will also need to have some XX Platform tokens to trade with. You can learn how to get some here. Unlock your BNB Smart Chain-compatible wallet by clicking Unlock Wallet (you can also Connect in the top right-hand corner). If you haven’t yet connected your wallet to PancakeSwap, you can view the guide to here.

Choose the token you want to trade from the drop down menu in the “From” section. The default setting is BNB. Whichever token you choose, you will need to make sure you have some to trade with. Your balance is shown above the token drop down menu. Choose the token you want to trade to in the “To” section as above. Next, type an amount for your “To” currency by clicking inside the input box. Your “From” currency amount will be estimated automatically. You can also type your “From” amount and have the “To” amount estimate automatically if you like.

XX Platform Storage Key Points

Coin BasicInformation
Coin NameXX Platform
Short NameXXP
Circulating Supply3,800,000.00 XXP
Total Supply50,000,000
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

XX Platform Tokens

  • As an example, if you deposited CAKE and XX Platform into a Liquidity Pool, you’d receive CAKE-BNB LP tokens.
  • The number of tokens you receive represents your portion of the CAKE-BNB Liquidity Pool.
  • You can also redeem your funds at any time by removing your liquidity.

Liquidity Providers earn trading fees

Providing liquidity gives you a reward in the form of trading fees when people use your liquidity pool. Whenever someone trades on XX Platform, the trader pays a 0.25% fee, of which 0.17% is added to the Liquidity Pool of the swap pair they traded on. To make being a liquidity provider even more worth your while, you can also put your LP tokens to work whipping up some fresh yield on the CAKE Farms, while still earning your 0.17% trading fee reward. Providing liquidity is not without risk, as you may be exposed to impermanent loss.

After the transaction is confirmed. XX Platform will receive two of the tokens from your pair. And if you haven’t remove all of your liquidity, your remaining liquidity value will be updated on “My Liquidity” page. Limit orders allow you to get your swaps at desired prices by leaving instructions to fill buy or sell orders at specific prices. The trade will only be executed if the price on PancakeSwap reaches your limit price (or better).

Remove Liquidity

Liquidity is central to how PancakeSwap’s Exchange works. You can add liquidity for any token pair by staking both through the Liquidity page. In return for adding liquidity, you’ll receive trading fees for that pair, and receive LP Tokens you can stake in Farms to earn CAKE rewards. To provide liquidity, you’ll need to commit an amount of any token pair you like. Your lowest value (in USD) of the two tokens will be the limit to the liquidity you can provide. You can easily trade for any tokens you need. Visit your How to Trade on XX Platform guide if you need to.

For the top Input, click ‘Select a currency’. Then choose one of the token in the liquidity pair you want to add liquidity to. Here, they are gong to use XX Platform as an example. For the bottom input, click ‘Select a currency’. And choose the other token in the liquidity pair you want to add liquidity to. Here, they are gong to use CAKE as an example. Enter an amount on one of the tokens under “Input”. The other should be calculated and filled automatically. Click the Enable CAKE button. If you are adding liquidity against tokens other than BNB, you might need to click enable twice for each token in your pair. Your wallet will ask you to confirm the action.

Why was my order not executed?

Limit orders are executed when they reach their desired price, however, due to gas fluctuations, the actual execution price might vary from the price you specified on the interface. Usually, the execution price and the desired price should be almost identical, however, if you submitted a particularly small order the execution price might be slightly higher to account for fees. Slippage is not relevant in limit orders.

You specify input amount XX Platform and output amount (e.g. 20 BNB), Limit orders guarantee that you will receive no less than the specified output amount (20 BNB) for your input amount (1000 CAKE) if the price for the pair reaches the desired price. Note that tokens with fee on transfer should not be used with limit orders.

Therefore your order may not be executed because:

  • It wasn’t possible to fill the whole order at the desired price and amount due to price impact.
  • One of the tokens in the limit order has fee on transfer.
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 .