The release of TronWallet 3 introduced a new feature: The Multi-Token Swap, a major feature and use case for our native TronWallet #TWX token. Our Swap tool enables TronWallet users to directly exchange one token to another, from one blockchain to another (e.g. BTC to TRX) with high security, privacy and speed. The aim behind the Swap is to make it simpler, faster and convenient for our users to exchange currencies.
The Swap uses a network of 100% automated bots, and our goal is to look every second for coin offers on top-tier exchanges and provide to our users the best price rate possible with no limits, no registration, no custody, and unparalleled performance.
One wallet for all your cryptos.
For every new blockchain and cryptocurrency added on TronWallet in the future, we will add the coin to the Swap tool and this will eventually cover all Top 100 major coins listed on CoinMarketCap.
The beginning of a new Defi era with TronWallet. Simpler. Faster. Smarter. More secure.
How does the Swap work?
By monitoring live prices action on top-tier exchanges, our bots create a price index that is used by the Swap tool. When a user goes to the Swap screen on TronWallet, they will see the default Swap pair from Tron (TRX) to Bitcoin (BTC). The user then can make a quote to check the price prediction offer, select a new token pair to quote as well as type the amount he/she wants to swap.
The user will then be redirected to the confirmation screen where he/she will have all information about the Swap that is about to happen, as well, all the operation’s fees.
A user can decide to pay less in fees by using TWX token as medium of exchange. If you decide to pay fees with TWX token, you will get a 20% fee discount. Another great feature is the HODLing of TWX in the wallet that the user are doing the swap from. This powerful feature will let you have progressive fees’ discounts as you can see on the Swap fee table below. Furthermore, all TWX that are collected from Swap fees will be burned by TronWallet.
Due to the network fees, exchange fees and swap fees, the swap tool will carry a higher price for small amounts of token swaps, and consequently, a lower price for larger amounts of token swaps. However, the great thing about our Swap is that for every new exchanges and blockchain added, the service will offer an even better price rate to our users. This improvement in price rate is due to our proprietary statistical arbitrage strategy used by our bots to buy and sell tokens as fast and as cheap as possible.
We have launched TRX to BTC Swap as our first simple coin exchange feature, as well as Swap from TRX to these following prominent TRON-based tokens:
Many more coins, tokens and possibilities will be added in the coming period. The Swap is aimed to streamline the exchange of coins for our users, making the experience of swapping one currency to the other simpler, faster, progressive and more convenient. Although the Swap will come with minimal fees, any user that holds TronWallet’s TWX token will pay even less in fees for the Swap.
Getty/IO is also excited to reveal that we are currently rebuilding TronWallet’s own exchange to become one of the most powerful cryptocurrency exchanges on the market. Stay tuned for the future of TronWallet as we provide a simpler, faster and smarter cryptocurrency experience.
Help & Tutorials: https://medium.com/tronwallet-support