Ston Fi As A Unique Decentralized Exchange!
1. Ston Fi Overview
Ston Fi is an decentralized exchange & a decentralized automated market maker (AMM), built on the TON blockchain- providing:
• Virtually zero fees
• Low slippage
• An extremely easy interface
• And direct integration with TON wallets.
As an Automated Market Maker (AMM), STON.fi relies on liquidity pools and simple, yet sophisticated algorithms to determine token prices.
2. The Smart Contract Aspect of Ston Fi
The traditional/classic concept of the blockchain entails a user pays a commission fee for easy transactions.
This concept was introduced in the form of the gas fee in the Ethereum network and essentially mimics the mechanics of a classical bank, which charges a commission for its services.
However, this has resulted in the issue of low level of scalability, since many miners will be involved in maintaining the network…
Thus, entailing large costs for servicing an ever-increasing amount of equipment.
This will also result in an unfair distribution of commission fees and the internal economy of the blockchain will eventually collapse under the effects of rising costs.
So, what does Ton Blockchain & Ston Fi do uniquely as a result of this?
Well, the TON blockchain applies a different method for paying for smart contract processing. The concept is unique for blockchain space, as it relieves the fees from the users and levies them onto the app developer instead.
Where…👇
The TON blockchain foresees a certain amount of native TON tokens reserved under each smart contract, which is used to pay for transaction processing.
So, let's say a smart contract runs out of funds on the balance, it will be deleted- but will be recovered over time.
And… The period of time needed to store the data to be sent is thus proportional to the amount of the fee used-
The developer of the blockchain pays for the transactions and this makes the network far more scalable.
3. Low To Zero Slippage:
TON blockchain, in which Ston Fi is an integral part of- has much lower fees and provides higher transaction speed compared to Bitcoin or Ethereum…
With virtually ZERO trading fees.
To conclude, The TON blockchain, which Ston Fi is a core part of- is one of the most significant advancements in the blockchain industry over the past few years…
Demonstrating quite a number of features that allow it to stand out among its competitors.
And that's a wrap.
If you'd love to be part of the Ston Fi ecosystem…
Visit Ston Fi website: ston.fi
Follow Ston Fi on X: @ston_fi
STON Fi Telegram Community: https://t.me/stonfidex
Join Ston Fi Ambassador Program: https://twitter.com/ston_fi/status/1712847623474815402?t=6uPEXaRh_eyLsLaz7NAeZw&s=19
If you enjoyed this post, drop a clap 👏 & follow me here on Medium.
Thanks for reading.
