What is MindchainSwap and Popular Features of MindchainSwap

Before using MindchainSwap, you need to know about it first, below is a detailed discussion about MindchainSwap:

Decentralized finance, also called DeFi. The digital world gets sounded more by the development of DeFi. There are various DeFi protocols in the market that provide a more special offer in the worldwide income. Above all, food-themed DeFi Protocols are the most trending.

What is MindchainSwap?

MindchainSwap is one of the famous DeFi-based Protocols which aims to provide Automated Market Making (AMM) by being a #1 liquidity provider. Likewise, this open-source DeFi-put-together trade is worked with respect to the Binance Smart Chain (BSC) through which the platform clients can trade BEP-20 tokens.

MIND is the native token of MindchainSwap. Moreover, the users can swap, add liquidity, farm, yield, stake, and win MIND Tokens through the lottery.

MindchainSwap Exchange Specification:

Type – DeFi-Based Exchange

Native Token – MIND Coin

Blockchain Network – Binance Smart Chain (BSC)

Token supported for Swapping – BEP-20

Exchange Model – Automated Market Maker (AMM).

MindchainSwap is a decentralized exchange progress to facilitate the swapping of BEP-20 tokens.

BEP-20 is a Binance token standard that needs to be followed on the Binance Smart Chain. This is an abbreviation that is short for Binance Smart Chain Evolution Proposal. That said, if any other token standard wants to be transferable on MindchainSwap, it needs to be wrapped in the BEP-20 standard for the swap.

The main point of the appeal behind MindchainSwap is that it is a fully decentralizing exchange where the orders and trades automatically complete through smart contracts.

Popular Features of MindchainSwap

Listed here are some of the features that attract users to the platform called MindchainSwap.

Swapping

MindchainSwap is an Open Source DeFi protocol that originated especially for swapping BEP-20 tokens. Anybody can use this platform and trade their own BEP-20 token on the trade which is based on the Binance Smart Chain.

Addition of Liquidity

As the MindchainSwap exchange works on the AMM model, so the traders can swap tokens without any order books. To farm MIND tokens, one must first add liquidity to the exchange.

Staking

Once you have got LP tokens, it’s time to stake those and earn MIND tokens. When you have got a MIND token, you can stake those in SYRUP pools.

When you stake a MIND token, you will be earning the rewards of MIND tokens.

Lottery

Likewise, Apart from the swap, stake, and farm, MindchainSwap allows lottery tickets using MIND tokens.

NFTs

NFTs are Non-Fungible Tokens. MindchainSwap allows one to earn NFTs as a reward. If one is chosen as a winner of NFts they can trade it for the MIND value, and it all represents the cutie in your wallet as a collector’s item.

Teams and Profiles

MindchainSwap users can experience more gamification by creating teams and profiles. Likewise, Users can create public profiles and join any one team and compete for team achievements.

Is MindchainSwap safe?

If you are curious as to whether MindchainSwap is safe, be concerned no more; it has frequent security audits, so you can trade MindchainSwap MIND and other assets with peace of mind.