Generalize
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What is Tethereum?
Tethereum is a token and decentralized exchange native to BNBChain. It focuses on BEP20 tokens, which are a specific token standard developed by Binance. Tethereum Exchange allows users to swap their coins for other coins without the need for middleman services. It shares similarities with platforms like UniSwap, SushiSwap, or PancakeSwap.
How does Tethereum work?
Tethereum uses an automated market maker (AMM) system, eliminating the need for order books or a single intermediary company. Traders trade against liquidity pools instead of counterparties. Liquidity pools refer to funds deposited by investors into smart contracts to provide liquidity to traders. This system allows for instant token swaps without waiting for matches.
The Tethereum ecosystem:
The Tethereum ecosystem includes the Tethereum Swap-Dapp, which is a decentralized application built on the Binance blockchain. It provides a seamless and efficient way to swap tokens. Tethereum focuses on the utilization of BEP20 tokens, allowing for compatibility with the broader Binance ecosystem. Liquidity pools are used for trading, eliminating the need for traditional order books and intermediaries. The ecosystem also incorporates a governing token called T99, empowering individuals to participate in the governance of the project. Community involvement is encouraged for the development and enhancement of the ecosystem's features and functionalities.
For more information, please visit www.tethereum.exchange. Welcome to the world of decentralized finance. Trade carefully. Thank you.
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Answers
WHAT IS TETHEREUM?
Tethereum is a token and decentralized exchange native to BNBChain. In other words, Tethereum Exchange shares some similarities with established platforms like UniSwap, SushiSwap, or PancakeSwap, as users can swap their coins for other coins without the need for middleman services.
The only difference is that Tethereum focuses on BEP20 tokens, which are a specific token standard developed by Binance. The BEP20 standard essentially provides a checklist of functions that enable new tokens to be compatible with the broader Binance ecosystem of dApps, wallets, and other services.
HOW DOES TETHEREUM WORK?
For those unfamiliar with decentralized exchanges, they use a special system known as an automated market maker (AMM), eliminating the need for order books or a single intermediary company to facilitate trading. In essence, there is no need for an order matching system since traders trade against liquidity pools instead of counterparties. A liquidity pool, in this context, refers to funds deposited by investors from around the world into smart contracts to provide liquidity to traders.
With this system, buyers do not have to wait to be matched with sellers, and vice versa. Whenever someone wants to trade one token for another, they simply deposit the token they have into the pool and withdraw the other token they wish to receive, performing a kind of OTC swap.
