#PixelSwap101: Where is the DEX experience on TON headed?

Looking at the entire crypto ecosystem, Uniswaphas consistently been a pioneer since 2018, and it remains the benchmark and major influence for all DEXs. There is still much to learn from its advancements. The pattern of following in Uniswap’s footsteps has been the evolutionary path for all DEXs including those on TON, as it is the simplest business model.

However, the current DEX experience on TON isn’t as fully developed as Uniswap. While it’s well-known that TON has tremendous social potential, there has been little product adaptation to its unique social ecosystem beyond basic Telegram Bot functionalities.

We believe a key direction moving forward is to seamlessly integrate with Telegram, offering users an ultra-smooth experience. This integration can add greater meaning to swaps, such as enhancing social interactions and supporting community clustering. We think DEXs on TON need to seriously address this and work towards creating a unique DEX that fuels TON’s further development.

This is exactly what @PixelSwap_io is aiming to achieve.

#PixelSwap101 Why is “permissionless” considered a golden rule for DEXs?

“Permissionless” is fundamental to DEXs as it allows anyone to trade freely without requiring approval or permission from a third party. This decentralized approach safeguards user privacy and freedom while minimizing the risks of censorship and restrictions commonly encountered in centralization.

Without it, you have only little real control of your assets, and the following risks associated with centralization will devour you:
- Single Point of Failure: CEXs rely on centralized servers and infrastructure, which can cripple the platform if they fail or are attacked, preventing users from accessing their assets.
- Regulatory Risks: CEXs may face compliance requirements and scrutiny from governments and regulatory bodies, potentially leading to asset freezes or platform shutdowns.
- Security Risks, Privacy Risks, Operational Risks, and Market Manipulation Risks, etc.

To be fair, DEXs still have significant room for improvement, particularly in addressing the high risks associated with reliance on smart contract code.

However, through our relentless efforts, PixelSwap now stands as a 100% permissionless DEX built on the TON blockchain, promoting absolute decentralization, non-custodial trading, and transparency, while significantly minimizing these risks.

#PixelSwap101: What is an Atomic Swap?

Atomic swaps, a.k.a Hashed Timelock Contracts Protocols, enable peer-to-peer exchanges of crypto assets across separate blockchain networks. They operate using a “virtual vault” in the form of a time-bound smart contract, which ensures that funds can only be released when both parties fulfill their obligations by depositing the correct amounts of assets.

The term “atomic” or “atomicity” comes from software development, referring to transactions that must either be completed fully or not at all. In the context of atomic swaps, this means the exchange will only occur if all necessary token deposits are made by the users involved. If any participant does not comply, the transaction is canceled, and all parties are refunded their assets.

Why is it important in the development of the #TON ecosystem?

While decentralized, most blockchains were not originally built to communicate with one another, creating a divide and isolating assets on separate networks. The principle behind atomic swaps is similar to the trustless Bitcoin bridge announced by the TON Foundation, allowing asset holders from other networks to engage in DeFi activities on TON without compromising the security of their original assets. Infrastructures like atomic swaps are crucial for bridging these gaps and will greatly contribute to the further prosperity of the TON ecosystem.

? The PixelSwap Mainnet Beta is now officially LIVE!

As we progress, we'll ensure you're well-informed about the user participation stages, beginning with the first stage: the faucet page. ? Join us at https://www.pixelswap.io/faucet for comprehensive details.

For the optimal experience, we recommend utilizing the test tokens exclusively during our Mainnet Beta Stage. Please note that injecting any $TON into the LPs carries a potential risk of loss.

Furthermore, we retain the right to upgrade & modify the smart contract, which could result in permanent loss of user assets. We advice not to deposit more than 0.1 TON into the smart contract. Your safety and asset protection remain our utmost priority.

Stay tuned for forthcoming stages as we unveil them one by one. Exciting rewards await you!

-------------------------

More: Twitter | Official Website | Blog | Chat

*? We are thrilled to announce that the highly-anticipated #PixelSwap Mainnet Beta is just 1 day away!*

? At PixelSwap, your security is our top priority. Our code is undergoing rigorous auditing by renowned auditing firms, ensuring a high level of security and trust for all our esteemed users. Our unwavering commitment to providing a reliable trading platform shines through our profound expertise.

? As a participant in the Mainnet Beta version, you have the exclusive opportunity to earn exciting airdrops by actively engaging with our designated test tokens. Your invaluable feedback and contributions throughout this testing phase will be rewarded, allowing you to play an integral role in the platform's resounding success.

? Get ready for a series of exclusive campaigns! We sincerely welcome you to join us on this extraordinary journey on #TON, as we unlock incredible opportunities together!

-------------------------

More: Twitter | Official Website | Blog | Chat

? The moment we've all been eagerly awaiting is upon us: only two days left until the highly-anticipated #PixelSwap Mainnet Beta!

*? Make sure to mark your calendars for May 6th and join us for a simplified trading experience on #TON.*

? Stay tuned for the latest updates as we have exciting rewards in store for your active participation!

-------------------------

More: Twitter | Official Website | Blog | Chat

*? We're delighted to share that #PixelSwap has recently applied for the Grants from the esteemed TON Foundation. We eagerly await the results and remain hopeful for a positive outcome! ??*

? Our heartfelt application was submitted via Questbook, a trusted platform for project proposals.
We kindly invite you to take a moment to explore our project and show your support by visiting our proposal page

? Your support means a lot to us as we eagerly anticipate the Grants result, and your encouragement is invaluable on this journey. Thank you sincerely for your ongoing support! ?

-------------------------

More: Twitter | Official Website | Blog | Chat

*? The moment we've all been eagerly awaiting is nearly here!*

? In just 3 days, we are thrilled to proudly unveil the highly-anticipated #PixelSwap Mainnet Beta version, introducing the first DEX with Weighted Pools on #TON! Prepare yourself for a leap into the world of simplified trading.

*? Mark your calendars and set your reminders for May 6th as we embark on this exciting journey together!*

-------------------------

More: Twitter | Official Website | Blog | Chat

*? Join us in our exclusive giveaway campaign, celebrating the momentous launch of Tether on TON and the highly-anticipated #PixelSwap Mainnet Beta!*

? As a gift of our appreciation, we are delighted to announce a generous giveaway of 500 $USDT to all participants!

*? Join now: https://s.giveaway.com/13lceg2
?* Follow the provided instructions and complete the tasks to secure your entry.

? As the campaign progresses, we will be sharing further updates and pertinent details about PixelSwap. Stay tuned!

-------------------------

More: Twitter | Official Website | Blog | Chat

Get ready for the highly-anticipated Mainnet Beta launch of #PixelSwap, coming in just 7 days! ⏰****

We're thrilled to bring you a trading platform that simplifies the #DeFi journey and unlocks new possibilities on #TON. ?

Stay tuned for updates, sneak peeks, and exciting surprises as we approach the big day. The Future of Finance must be Fun!⚡️****

-------------------------

More: Twitter | Official Website | Blog | Chat