DEX (Decentralised Exchange) on the Ton Raffles platform is a powerful tool that allows users to conduct secure and transparent transactions to buy and sell cryptocurrency assets and tokens directly on the platform. Using the Automated Market Maker (AMM) model, DEX allows users to trade directly with each other without the need for traditional buy/sell orders at fixed prices.

How does DEX work?

DEX is based on smart contract technology and the AMM model. This model allows for the creation of liquidity pools where users can deposit their assets. The exchange rate of the assets in the pool is automatically determined based on the ratio of assets in the pool. This allows users to transact directly without the need for a third party. Once connected to the wallet, users have access to a wide range of assets available for exchange through liquidity pools.

Key benefits of DEX on the TON Raffles Dapp

  • Decentralization: DEX operates on a blockchain, ensuring security and protection against manipulation of users' assets.

  • Asset control: Users have full control over their assets as they are stored in their personal wallets.

  • Transparency: All transactions on DEX are recorded on the blockchain and are publicly available, ensuring transparency and building trust between participants.

  • Wide variety of assets: DEX offers a wide range of assets to trade, as each user can create his or her own liquidity pools.

DEX Technologies and Operating Principles

  • Smart contracts: DEX operates on the basis of smart contracts, ensuring the security and automation of the asset exchange process.

  • AMM and Liquidity Pools: DEX uses the AMM model to create liquidity pools. Users can contribute their assets for exchange and be rewarded for their contribution.

  • Community Voting: DEX uses the DAO voting system to make key decisions in the ecosystem. This can include platform parameter changes, selection of new projects for listing and other important issues. Transparency and community participation are important elements of DEX's work.

Currently, the Swap module is implemented on DeDust.io smart contracts, which is audited by Certik: https://skynet.certik.com/projects/dedust.

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