The evolution of tangoswap: most promising Dex on SmartBCH

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1 year ago

09-04-2022

These days are kinda fun and enjoyable have lot's of things to do and spending good time no matter in DeFi or normal thing's are quite good than it was back then.

Anyways since pandaland is playable I'm spending some time there though it's not time consuming and have like few teams of pandas so I'm trying to recover my capital since it's been like 4 months since I've invested and ROI was zero but now I'm seeing some realtime progress.

So meanwhile there's tangoswap Dex on Smart BCH which is currently most promising dex ever exist and the evolution of this dex is something need to talk about.

From how they started to where they're and behaviour of teams to reputation of dex to it's features everything y'all should know.

The evolution of tangoswap

Tangoswap is first Centralised Dex on smart BCH Devs behind dex are well known and not anonymous it was launched few months back from now

It's a fork of mistswap Dex and usually all of dex are fork from other chains dex like uniswap, sushi and so on but this dex is fork of second most TVL dex on Smart BCH.

The difference between mist and tango UI isn't much except few things.

It has tango or Xtango token like mist, allocation of farms is a different thing in this dex it does not work like mist in this case but still it's better than most of other dex.

We can clearly see the evolution of this Dex since it launch they keep introducing something which isn't exist on Smart BCH before

They started with a simple fork dex where swapping, farms was only simple dex but they evolved to smart tangoswap version coz of it's development.

The 3rd most TVL dex on SmartBCH

This Dex a long way throughout having so many challenges to face and still being on top 3 position is something Incredible.

Tango secured 3rd position in DeFi Llama, mistswap is still second and benswap is on top as always.

And IMO, tango is only promising dex on SmartBCH coz of what they're doing.

Tangoswap introducing new features

The only Dex introducing features which never exist before in Smart BCH since they launched this clearly show how serious they're making their dex best on this chain.

  • Smartswap aggregator

  • Burning mechanism

  • Double rewards farms

  • Limit orders (coming soon)

These all are features introduced by only tangoswap there's no other dex on SmartBCH with any of these features.

So these few things make it more unique and special also it's my favourite dex now previous was mistswap but now tango has my heart.

Smart swap aggregator

There was no aggregator by any dex and it was much needed thing but none of dex was talking about it and then tangoswap announced they're launching aggregator

It was already launched and working fine helping to buy anything in best price.

Many upgrades on this aggregator to make it more better for other peoples and also tangoswap.

With the help of this Smartswap feature we can buy a token on best rates because this aggregator connects with other dex on Smart BCH and choose the best route to swap easily

I've tried it multiple times and saw a big difference more likely 10$ or even more

Like I'm buying law on mistswap it's price is $0.5 but liquidity is too low and $0.48 on benswap with high enough liquidity but a huge difference between both dex so while using this dex it will find a route to buy law on best price and liquidity.

Burning mechanism of tangoswap

It's connected with aggregator and beneficial for tango dex token coz it keep on burning tangoswap so this was introduced after aggregator coz it's powered by Smart swap

As of now more than 120k tango has been burned and everytime peoples use Smart swap there's a little amount of fee which is later used for buybacks and burning process.

Since this feature launched tango price rise and stopped falling down.

Double rewards farms

This feature is also kinda interesting and unique to be honest I'm loving this dex even more now

Two types of farms in tangoswap, one is simple like every other dex and the other one is "2x reward farms" which mean you'll get 2x reward

For example you farm, BCH-law this mean you'll get 2 rewards one is tango and other is Law.

It's just an example how it works you can find 2x rewards farm in dex to find out suitable pair to make.

Limit orders (coming soon)

Now I've heard they're going to launch limit orders which is also much needed thing coz no other dex provides it

So with the help of this feature we'll set buy and sell limit everytime it will reach to target price we'll sell/buy even when we are away from mobile.

These are all interesting and unique features we all have needed and provided by tangoswap is just too good and we should appreciate their efforts towards making everything possible for their dex and chain.

In conclusions: the most promising dex on Smart BCH

Tangoswap keeps on developing and giving the best out maintaining everything so nicely they're not only promising dex but more friendly and not included in any kind of fights with any other dex or have not been into any fud yet

So their behaviour towards investors and towards weak projects is too good like a gentlemen.

They earned the respect of community and that's why they're progressing and with no time going to over take mist or benswap.

Though every other Dex is doing good in their place but they also need to be consistent with developing their dex and Smart BCH like tangoswap.

So a huge respect to peoples behind making this amazing dex on Smart BCH and still a long way to go keep on building.

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1 year ago

Comments

Oh, never tried Tango Swap before..

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1 year ago

Look like you're mistswap fan hehe

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1 year ago

Ohooo that's cool, hope soon their token will also fly to the moon 🌝

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1 year ago

Cool but hahahah no hope of fly to the moon for now whales only dump everything in SmartBCH

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1 year ago

Tsk, well we can just only hope then even if it's impossible rn

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1 year ago

Maybe this is the sign that I will start my journey there as for this moment I am into mistswap.

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1 year ago

Yea you should, both mist and tango are mostly used.

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1 year ago

I have explore Tangoswap just last week and I like the 2x rewards in farm. I haven't check those other features that you mentioned, later I'll check it

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1 year ago

Yea 2x reward is kinda interesting i liked it too. Sure.

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1 year ago

I didn't check tangoswap features yet.. Lemme check later

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1 year ago

Oh seems like 'u r' mistswap fan haha.

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1 year ago