Do you have a cryptocurrency token and want to allow people to trade it? Here is a guide how to do that through SwapX.
Let's get started by creating a Liquidity Pool. What is a Liquidity Pool?
All coin creators must provide the first initial liquidity. TLDR: A liquidity pool is a collection of 2 different token pairs. It is a pool of funds that allows people to swap a created token.
Cryptocurrency token owners have a pool of two tokens; your token and Binance Coin (BNB), which allows people to swap between these two tokens on SwapX. People who provide liquidity (liquidity providers) will get a percentage of the transactions that use the liquidity pool they help provide. This is another way to earn money in crypto currency.
The purpose of this lies in the way the pool of funds works, as it requires liquidity to allow users to make trades. If a user tries to buy a coin without any liquidity, they will receive an “insufficient liquidity” error.
How to make a Liquidity Pool and begin trading your coin on SwapX.