BogSwap quick catch-up; what is it, how can I benefit from it and how does it work?
Come join us for a recap of what BogSwap does and what you can gain from it as a DeFi trader, token team leader or DEX.
What is BogSwap?
BogSwap is primarily a DEX aggregator. This means that whenever a token trader places an order, BogSwap intelligently searches all available DEXes (Decentralised Exchanges) to find the best available price.
Examples of well known DEXes include:
But doesn’t a token always trade at the same price wherever you buy it? How does BogSwap get cheaper trades?
The same token on different DEXes almost always differs in price. One place you can see this is on coinmarketcap.com which lists trading prices on different exchanges.
Consider the fact that each DEX is an individual market. Purchases made on one DEX will affect only the liquidity pool(and therefore price) in that DEX. As a result there may be a price difference between DEXes.
A basic example; a token is trading at with equal liquidity pools (meaning equal price) on DEXes A & B , A and B. A whale buys a large amount of tokens on exchange A. The price on A rises drastically as a result, but B will take some time to catch up until arbitrage trades can fill in the gap. BogSwap takes advantage of this difference, and automatically routes your trades through the cheaper DEX.
You can currently use BogSwap on 10 DeFi chains, and with over 50 DEXes listed you can be sure BogSwap will save you money as a DeFi trader.
What else can BogSwap do?
BogSwap isn’t just an aggregator, it also has many other advanced features.
AutoTax Ever had your slippage set at a reasonable value yet the trade doesn’t go through thanks to high token tax? Let BogSwap handle the tax automatically with AutoTax
Multi Tx Submit more than one transaction when making a swap. Useful for certain trading strategies and avoiding TX limits.
Token Pre-Approval Approve a token before liquidity is added, perfect for getting early buys on a token.
Faster Swaps We at Bogged Finance know how much seconds could matter when trading cryptocurrencies. BogSwap has many under-the-hood features making it much faster than other competitors.
Pre-set gas Lock in your required GWEI before making a trade.
10 chains and 53 DEXes One tool for all your multi-chain trading
All in all, BogSwap offer many competitive advantages to simply using a DEX Swap. And with absolutely no fees or extra charges, why not give it a go right now?
Simply head on to app.bogged.finance/swap and enter your desired DeFi tokens!
I manage/develop a token/DEX, how can BogSwap benefit my project?
At Bogged Finance we understand what it’s like managing any kind of DeFi project. That’s why we’ve designed BogSwap around some of the challenges that this presents.
Token Team Benefits:
- Simple to use interface to make buying as easy as possible for new users.
- BogSwap can be embedded directly into your website for free.
- Your users get the best price while all of your LP pools get utilised, all in one place
- Linking to BogSwap + BogCharts pages will boost your tokens rankings in Trending Tokens, making it visible to almost 3 million monthly visitors
If you’re a token team leader and would like to find out more about how Bogged Finance and BogSwap can work for you, visit charts.bogged.finance/tools, or feel free to drop in to our dedicated token team Telegram on t.me/BOGforTokenTeams
BogSwap automatically routes our thousands of daily users and almost $300M monthly volume through the current cheapest DEX.
- Your volume could increase drastically after joining BOGSwap
- New traders will be exposed to your DEX, increasing liquidity rewards for your users
If you’re a DEX operator and would like to get involved with BogSwap, then drop us a message on our dedicated telegram group: https://t.me/BOGforTokenTeams