What is Suiswap (SSWP)

Suiswap is a decentralized exchange and token trading platform that utilizes the SUI blockchain. Its primary objective is to establish a trading environment within the SUI ecosystem focusing on security, speed, and flexibility.

Essential information for their token is available on the MEXC Digital asset introduction page. Furthermore, we are listing (SSWP/USDT – Trade it here) on our Innovation Zone! Check it out now!

What is Suiswap (SSWP)
What is Suiswap (SSWP)

What Exactly is Suiswap?

Suiswap, developed by Vivid Network, is a decentralized token trading platform and exchange built on the SUI blockchain. Its purpose is to establish a secure, fast, and flexible trading environment within the SUI ecosystem. Leveraging the SUI blockchain’s speed and security, Suiswap aims to provide a decentralized, swift, and secure platform for token trading on the SUI blockchain. Moreover, it seeks to lay the groundwork for token trading infrastructure for other protocols built on the SUI platform.

Suiswap’s primary objective is to offer the entire SUI community a decentralized token exchange and order book-based trading platform with high speed. The platform will consist of various components, including:

  • Decentralized token exchange utilizing traditional liquidity pools similar to Uniswap, such as SUI/USDC.
  • A decentralized token exchange based on stablecoin liquidity pools akin to Curve, such as USDC/USDT.
  • Central limit order book trading platform.
  • Decentralized aggregator that combines liquidity from order books and liquidity pools to enhance liquidity and minimize slippage.
  • Liquidity farming to earn platform tokens (SSWP) by providing liquidity.
  • Yield farming and platform revenue acquisition through staking platform tokens.

Key Features of Suiswap

Suiswap introduces decentralized token exchange using traditional liquidity pools, similar to Uniswap. This allows users to engage in permissionless and decentralized trading of tokens such as SUI/USDC. Liquidity providers (LPs) can contribute assets to these pools and earn a portion of the trading fees generated by the platform.

In addition, it offers stablecoin liquidity pools, inspired by Curve’s USDC/USDT pools. These pools are designed to provide lower slippage and tighter spreads when trading stablecoins, making them an appealing choice for both traders and LPs.

To cater to more advanced traders, Suiswap features a central limit order book (CLOB) trading platform. This platform enables users to place limit orders, granting them greater control over their trades and potentially better prices compared to automated market makers (AMMs).

Suiswap also incorporates a decentralized aggregator that combines liquidity from both order books and liquidity pools. By pooling liquidity from multiple sources, Suiswap aims to enhance overall liquidity and reduce slippage, providing traders with a more efficient and seamless trading experience.

The Value of SSWP Token

The SSWP token represents the native token of the Suiswap protocol, which plays a vital role within the SUI blockchain ecosystem. Its primary objective is to enhance the Suiswap protocol, platform, and governance mechanisms.

  1. Platform Governance: As an SSWP token holder, you have the opportunity to participate in platform governance. By staking your tokens through SUI blockchain-based smart contracts, you can actively contribute to the decision-making processes of the SUI platform and community.
  2. Platform Revenue Distribution: Approximately 60% of the platform revenue generated by Suiswap is allocated to SSWP token holders. By locking your SSWP tokens on the Suiswap platform, you become eligible to receive a portion of the platform revenue. These rewards are distributed evenly among token holders every 14 days, without the need to unlock your tokens.
  3. Yield Farming: Locking your SSWP tokens on the Suiswap platform also allows you to participate in yield farming. By doing so, you can earn additional SSWP token rewards when you eventually unlock your tokens.
  4. Trading, Holding, and Circulation: Unlocked SSWP tokens can be freely traded, held, and circulated on the blockchain. This provides you with the flexibility to manage your SSWP holdings according to your preferences and market conditions.

By holding SSWP tokens, you gain access to these rights, enabling you to actively engage with the Suiswap platform, contribute to its governance, and potentially benefit from the platform’s revenue-sharing mechanisms.

Where to buy SSWP Token

You can find SSWP Tokens here at MEXC! We are listing SSWP/USDT in our Innovation Zone!

What is the Price of SSWP Tokens?

The SSWP token is trading at MEXC for $0.001726! It has a fully diluted market cap of $17,262,482. It also has a 24-hour trading volume of $708,724. You can check the live price of their token right here!

How to buy SSWP Tokens on MEXC

You can buy SSWP Tokens on MEXC by following the steps:

  1. Log in to your MEXC account and click [Trade]. Click on [Spot].
  2. Search “SSWP” using the search bar to see the available trading pairs. Take SSWP/USDT as an example.
  3. Scroll down and go to the [Spot] box. Enter the amount of SSWP you want to buy. You can choose from opening a Limit order, a Market order, or a Stop-limit order. Take Market order as an example. Click [Buy SSWP] to confirm your order. You will find the purchased SSWP in your Spot Wallet.

You can find a detailed guide on how to buy SSWP Tokens here.

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Meanwhile, check out all of the listings in the Innovation and Assessment zones as well as the major tokens in the Main Zone – we have more amazing projects to come! Visit the Hot Projects section as well to uncover more featured popular tokens. Lastly, feel free to visit MEXC Academy to learn more about cryptocurrency!

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