Let's Discover The Top-6 DEX on SmartBCH!
SmartBCH is taking the crypto world by storm and advancing into the modern DeFi age, one that is not only an opportunity for just a few that have enough to counter the fees of Ethereum, but offered to everyone.
We can begin DeFi with only a few dollars and a dream. It is not impossible to make a big profit. I did it, others also did it, so you can also join the SmartBCH platform today and profit by farming yield.
SmartBCH started in September with one only DEX, Benswap, but it profoundly attracted massive funding and during this time we watched at least one DEX launching every month!
SmartBCH offers today gems as DEXes and we will look into them more, right now.
All the DEX in SmartBCH
1: MistSwap
No, I am not wrong. MistSwap DEX is very close and it is days away from becoming the top DEX in smartBCH in terms of volumes, and I have had the best experience from MistSwap so far, so justifiably it belongs to the first place.
@kasumi the anon developer also deserves praise for his work and consistency.
This exchange is a fork of SushiSwap, a DEX in Ethereum, and when it was launched it had no presales for the MIST token. It is one exchanges that brings developments that have an impact in smartBCH, such as the MistSwap Analytics page, and the Mist Lending option that is under development and is awaited with eagerness by the smartBCH DeFi fans.
A worthwhile mention is that MistSwap was audited by Certik that cleared out many doubts and also gave a better image to this DEX.
Useful Links:
Exchange: Mistswap
DEX Analytics: https://analytics.mistswap.fi/
Telegram: t.me/MistSwapOfficial
Twitter: https://twitter.com/mistswapdex
2: BenSwap
One of the first projects on SmartBCH, is the BenSwap DEX. It is running since September and also brought token EBEN used with the DEX for governance and farm rewards.
It has 40% of the volumes on SmartBCH today, yet previously it was benefiting by higher adoption, yet, since the competition increases dominance is expected to keep dropping.
One of the finext decentralized exchanges that offers everything, and with a last addition the token creation kit, that allows everyone with just a few Eben for fees to create the token of our dreams.
BenSwap also offers charts (chartpro service) for the SEP20 tokens of smartBCH with volumes and liquidity included.
BenSwap, as with, MistSwap was successful to pass the Certik audit.
Useful Links:
Exchange: BenSwap
Chartpro: https://chartpro.benswap.cash
Telegram: t.me/bentokenfinance
Twitter: https://twitter.com/BenTokenFinanc1
3: TangoSwap
Let's Tango! The guys from Argentina brought us this surprise and made it to a significant volume share in the smartBCH network! I love TangoSwap and also professed my love for the KTH and ARG tokens, so I am biased in this, for me Tango is the best DEX, that offers extreme farming interest rates for a while, unlike any others we haven't seen in DeFi for a year or so!
I have utmost respect and offer my congratulations to the developers @Fernando and @IanBlas for making this possible.
Tango is now the 3rd DEX in smartBCH and has an incredible future. With the Latin American colour Tango brings to smartBCH it can quickly grow more and reach higher market share.
It is also developing and in a matter of days (or hours?) it will deliver the promised DEX aggregator, an innovative technology that will be quickly finding the best prices when selling or buying in all the smartBCH DEXs!
Useful Links:
Exchange: TangoSwap
Telegram: t.me/tangoswapcash
Twitter: https://twitter.com/TangoSwapCash
Listing Form: https://forms.gle/e49KQSbp1ptkWCee8
4: 1BCH
1BCH is one of the recent DEXs and is very promising but still trying to find its steps in the smartBCH universe. I hold high hopes and often try to be involved as much as my time and funds allow it, since it still has some of the best rates in yield.
It is in a phase of getting everything better, and is a DEX that everyone should visit and take a look at the offers in the farms.
Just today, I find a farm offering FlexUSD-BCH at a 118% APR. So, probably DeFi investors shouldn't just skip the low volume DEXs, especially this one that is one of the most promising.
1BCH also offers splinkers for auto or manual rBCH staking, and offering something like a faucet, just by visiting you can claim a few rBCH tokens.
Useful Links:
Exchange: 1BCH
Telegram (English): https://t.me/DeFi1BCHEnglish
Telegram (Chinese): https://t.me/DeFi1BCHChinese
Twitter: https://twitter.com/1BCHOfficial
5: MuesliSwap
This is the second DEX, it was launched a few weeks after Benswap and had for a while very high volumes, but lately the competition didn't do justice to Muesli. Volumes were lower as investors jumped into MistSwap and Tango. Also Muesli was planning its launch on Cardano, and we also wait for this, just to have a comparison of volumes between the two platforms.
It seems Muesli is just running on smartBCH today but will not develop and not supportive of this network. I've often discussed this DEX (since its launch) and was never confident it will succeed. But, there is still time, and maybe it can start offering a real service for smartBCH instead of having it as a stepping stone to gain experience and move to what the devs think has better odds. It is doubtful if Cardano will be a better place. It wasn't a clear rug, but the price drop of MILK made many investors in Cardano thinking if this will be the same when it launches there.
Muesli offered high rates in the beginning but the price of its token dropped so fast that made many lose money from all of its farms. If there is one failure in smartBCH today, this is Muesli.
Also, Muesli was audited by TechRate, that is considered low quality audit firm, that does give a verification to all projects that pay the demanded fee. TechRate has been used by many scams before and this audit should not be considered important as an audit.
Exchange: MuesliSwap
Telegram: https://t.me/muesliswap_dex
Twitter: https://twitter.com/MuesliSwapTeam
6: Tropical Finance
There have been concerns about Tropical Finance, especially after the community of SmartBCH suffered previously by a major rug called BeachSwap.
Now, there are some videos and some shills that created a good image, and explain how they make 2,000 daily with their 100k investment.
We witnessed unprofessional behaviour that was giving a negative impression and this doesn't change now or later. Being aggressive on the smartBCH official channels and admins is not very professional.
Some high yields in the beginning and promotional content I've read and watched didn't convince me to risk my money in Tropical Finance.
Maybe to those that supported Tropical so much, they should also know we know they are getting paid to do so, it was another reason to dislike this exchange and its processes.
The exchange also has some NFTs for sale or for marketing purposes created and offers them for an extremely high price at OASIS.
Exchange: Tropical Finance
As far as I'm concerned and with all my experience I am glad we have better DEXs already and considering risk, I would prefer BenSwap, Tango, 1BCH and MistSwap.
4 out of 6 is not bad.
Finally
That's all folks. Got nothing else but explained all 6 DEX which are the best and which don't seem to be working for me. This is a personal analysis of the decentralized marketplace and as I did with Muesli in the beginning, I'm not afraid to express my concerns.
I'm also not afraid to express my support to the most promising DEXs. I hope that you found here a different review of the smartBCH DEXs, a "no-bullshit" one, that I feel was missing so far.
(Any Images I use are under a creative commons licence)
I think I will just stick to the two I've chosen to use. Using a lot is too much for me. Hehe. Although it is nice to know about all of them.