Smart Contract Swapping

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What is a smart contract swap?

It is a set of Solidity smart contracts that work together to create an automated market marking environment that requires no human intervention. Automated market maker exchanges enable permissionless and automatic trading of digital assets.

How do you exchange tokens?

You can just enter the amount you need to exchange next to the desired trading pair for the swapping process. A token exchange smart contract would process the transaction instantly, followed by the coin conversion. For these types of transactions, you would only pay transaction fees once.

Can I create my own smart contract?

Deploying a smart contract is technically a transaction, so you have to pay Gas the same way you have to pay Gas for a simple ETH transfer.

Benefits of Smart Contracts

Autonomy and savings

Smart contracts do not need brokers or other intermediaries to confirm the agreement; thus, they eliminate the risk of manipulation by third parties. Moreover, the absence of intermediary in smart contracts results in cost savings.

Accuracy

Using smart contracts results in the elimination of errors that occur due to manual filling of numerous forms.

Safety

Smart contracts are encrypted, and cryptography keeps all the documents safe from infiltration.