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ClaimSwap Exchange Review: ClaimSwap Is Legit & Secure Exchange

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About ClaimSwap Exchange

ClaimSwap Exchange is a decentralized platform on Klaytn Network that provides comprehensive finance services. They users can participate in various activities such as asset swapping, yield farming, IDO, and governance activities. The main function is asset swapping, and users can exchange various cryptocurrencies in the Klaytn ecosystem onchain through the automated market maker (AMM) mechanism. The ultimate goal of This is to become a protocol that is totally driven by the community. As a community, they can expand ClaimSwap to the projects related to blockchain such as NFT and P2E.

How To Sign Up & Start Trading

ExchangeDetails
Exchange NameClaimSwap
Exchange TypeCryptocurrency
Transaction Fee0.3%
Deposit FeeFree
Total Supply60%
Community Rewards20%
Support24/7
Top CountryIndia
Website Homepage

How To Sign Up & Start Trading

You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

You Then Receive An E-mail In Your Mailbox To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

Swap Transaction Fee

Impose 0.3% of the transaction fees on each swap path.

Swap Transaction Fee Distribution

  • Total: 0.3% of the transaction fees
  • 0.15%: Liquidity providing rewards = Transaction fee rewards I
  • 0.05%: CLS Holder Rewards = Transaction Fees Rewards II
    • Only the whitelisted pools. All fees incurred from the other pools are used for CLA buyback and burning
  • 0.05%: Claim boost reward
    • Remaining fee due to non-execution of Claim boost is used for CLA buyback and burning
  • 0.025%: Klay buyback and burning
    • Klaytn deflation model proposal
  • 0.025%: Profit for platform

CLA Rewards

  • Total supply: 186,624,000 CLA
  • 60% of the total supply: Community rewards
    • 80% of Community Rewards: Whitelisting Pool Liquidity Provider Rewards = CLA Rewards I
    • 20% of Community Rewards: CLS Holder Rewards = CLS Rewards II
  • Estimated end date of community rewards: November 2027 (2160 days after the start of pre-mining)

IDO

  • IDO participants should pay CLA-KLAY LPs
  • KLAY: Relay to token project
  • CLA: Needed when creating a liquidity pool project token and CLA in ClaimSwap

Protocol

ClaimSwap is a protocol inspired by SushiSwap and is operated by smart contracts in the Klaytn blockchain. ClaimSwap allows you to swap various cryptocurrencies in the Klaytn ecosystem, on-chain. They regard censorship resistance and security as a top priority in a decentralized world where they don’t need any middleman.

Trader

The trader pays 0.3% of the transaction amount as a transaction fee and swaps his/her X token into a Y token. When swapping X ↔ Y tokens, the exchange rate is determined by the ratio of the number of X and Y tokens in the X-Y liquidity pool. Traders swap their assets for a variety of purposes.

  • Speculative traders utilize several methods to swap tokens in the liquidity pools of ClaimSwap. For example, they can run a bot and try front-running in a new liquidity pool.
  • Arbitrage traders capture opportunities to make profits from the difference in prices of tokens in various DEXs or CEXs. Their behavior of seeking arbitrage opportunities can help equalize token prices in the Klaytn market.
  • Dapp users use ClaimSwap to obtain specific tokens to use Klaytn’s other applications.
  • Yield Aggregators utilize ClaimSwaps for their own service operations.

Why Choose ClaimSwap

DEX with AMM

Enjoy the trustless system and Maximize your profit with the governance token, CLA.

DAO Network

Be an owner of ClaimSwap. Get governance rights by staking CLA tokens.

IDO Platform

Boost your project with CLA. Be an early investor by finding hot rookies here.

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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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