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Kwikswap Exchange Review: Kwikswap Is Legit & Secure Exchange

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About Kwikswap

Kwikswap Exchange DEX is an all-new Cross-chain Automated Protocol on Ethereum & Polkadot incorporating Plasm & Acala Network Parachains. The protocol provides developers, liquidity providers & traders the opportunity to participate in a decentralized financial marketplace that is open and accessible to all. It also contains a launchpad and NFT Marketplace. Kwikstarter launchpad development has finally started! Kwikswap is an all-in-one decentralized ecosystem where projects and startups can raise funds and begin their journey to market.

How To Sign Up & Start Trading

Exchange NameKwikswap Exchange
Exchange TypeCryptocurrency
Deposit FeeFree
Protocol Fee0.05% fee 
Protocol Wide Charge0.05% 
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.

Liquidity Provider Rewards

Liquidity providers earn a 0.25% fee on all trades proportional to their share of the pool. Fees are added to the pool, accrue in real time and can be claimed by withdrawing your liquidity.

Kwikstarter launchpad, Polygon (Matic)

Kwikswap Exchange Polygon (MATIC) IDO Launchpad enables crypto start-ups and projects the ability to raise liquidity, distribute tokens and go-to-market through Kwikswap DEX!

Liquidity provider fees

There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens,

Functioning as a payout to all liquidity providers proportional to their share of the pool. Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves.

Since fees are added to liquidity pools, the invariant increases at the end of every trade. Within a single transaction, the invariant represents token0_pool / token1_pool at the end of the previous transaction.

There are many community developed tools to determine returns. You can also read more in the docs about how to think about LP returns.

Protocol Fees

At the moment there are no protocol fees. However, it is possible for a 0.05% fee to be turned on in the future.

Protocol Charge Calculation

In the future, it is possible that a protocol-wide charge of 0.05% per trade will take effect. This represents ⅙th (16.6̅%) of the 0.30% fee. The fee is in effect if feeTo is not address(0) (0x0000000000000000000000000000000000000000), indicating that feeTo is the recipient of the charge.

This amount would not affect the fee paid by traders, but would affect the amount received by liquidity providers.

Rather than calculating this charge on swaps, which would significantly increase gas costs for all users, the charge is instead calculated when liquidity is added or removed.


Audit & Formal Verification

Between January 8 and April 30, a team of six engineers reviewed and formally verified crucial components of the smart contracts for Kwikswap Exchange. Their past work includes smart contract development on and formal verification of multi-collateral DAI.

The scope of work includes:

  • Formal verification of the core smart contracts
  • Code review of core smart contracts
  • Numerical error analysis
  • Code review of periphery smart contracts (during ongoing development)

Bug Bounty

Kwikswap Exchange has an open and ongoing bug bounty program.

Considerations when building on Kwikswap

When integrating Kwikswap into another on-chain system, particular care must be taken to avoid security vulnerabilities, avenues for manipulations, and the potential loss of funds.

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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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