What is Pin Token

Article Summary, Automatically Generated By AI

Summary of Pin Token

  • PinSwap V1.0:

    • TRON-based exchange protocol
    • Enables exchange of any two TRC20 tokens
    • Utilizes Automated Market Maker (AMM) mechanism
    • No protocol fees, transaction fees rewarded to liquidity providers
    • Mining module for calculating power and community computing power exchange
  • PinSwap V2.0:

    • Optimizes functional modules from V1.0
    • Introduces LP staking mining and PIN burning mining modules
  • PinSwap

Introducing Pin Token: Empowering a New Era of Innovation

PinSwap V1.0 is a decentralized exchange protocol built on the TRON network, facilitating the seamless exchange of any two TRC20 tokens. Leveraging an Automated Market Maker (AMM) mechanism, it employs the “X*Y=Z” algorithm of the Constant Product Market Maker Model to ensure efficient market-making. Notably, this protocol operates without incurring any fees, and all transaction fees are redirected to reward liquidity providers. Furthermore, it incorporates a mining module that calculates and exchanges computing power within the community.

PinSwap V2.0 boasts a plethora of enhancements to its functional modules, building upon the foundations laid by V1.0, while introducing innovative modules for LP staking mining and PIN burning mining, thereby elevating the overall user experience.

PinSwap V3.0 has successfully integrated aggregation trading on Binance Smart Chain (BSC), specifically on Pancake, thereby providing users with an elevated experience while significantly reducing transaction gas costs. This development also fosters participation from international players. Furthermore, GameFi has migrated to Binance Smart Chain, and to cater to the growing demands of a broader player base, version 3.0 introduces PIN participation in group-buying games. Notably, it expands upon the existing instant staking mining by incorporating fixed-term LP staking mining and implements a seamless cross-chain bridge function from TRON to Binance Smart Chain.

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