Kwikswap is an open-source, decentralised token trading platform. Many projects have tried to address the problems of centralised exchanges, but most have difficulties with user experience, performance and liquidity.

Decentralized exchanges with these inherent problems make it difficult to push for mass adoption. Kwikswap is looking to solve these problems by through the use of custom-built automated market-makers (AMMs), a slick user interface and layer-2 scaling for fast transactions and low fees.

This is how decentralised token-exchange should be.

Kwikswap Key Features with Staking Tokens

Client Dashboard with the ERC-20 contract is the KWIK staking contract. The KWIK staking contract empowers clients who are staking KWIK to get 10% of the transaction fees for administrations secured on the Kwikswap network when paid in KWIK tokens. The Kwikswap Smart Token is an ERC-20 token with numerous abilities. At its center, the KWIK token is an upgradable and pausable ERC-20 contract that likewise can consume tokens. Kwikswap Smart Tokens Or KWIK Tokens will be Discussed in more detail in the later segment of the White Paper

Performing transactions should be Simple and easy. No one should host to pressure whether the other party will take an interest in bogus direct and not finish on a specific transaction. This is the reason we are making the accompanying item suite. Kwikswap exists to make it simple, inexpensive, and alright for anybody to execute utilizing trustless smart contracts in this way decreasing the need and cost of recruiting believed outsiders like attorneys. All of Phase One items will be completely ERC-20 and Ethereum viable. Stage Two will consider cross-chain reconciliation, consequently empowering blockchain freethinker resource transaction. All administrations and items are non-custodial. 

Kwikswap Liquidity & Fee Structure

Whenever User Deposit two new Assets into Liquidity Pool, it will set the share of the pool to that Ratio and after that initial Deposit whenever new user tries to Add liquidity the share of the pool will remain same. Anyone having Assets in term of Ethereum Or ERC-20 Tokens can add liquidity in Kwikswap & earn Fee share while holding these assets. Kwikswap Uses the Constant Product formula for calculating the Share of User. Constant product formula maintains the $ value of user assets. If Some user swap Eth for Dai, Then Eth will increase in the Liquidity pool while Dai amount will decrease but it will maintain the Capital amount of User. Each ERC-20 to ERC-20 trading pair has a committed smart contract that holds stores of every token and rules for how the stores can be changed. These pool tokens track the liquidity a lot of the absolute saves and can be exchanged for the hidden resource whenever. Kwikswap is a decentralized convention for automated liquidity arrangement for Ethereum token trading sets. Kwikswap charges a 0.30% fee on all exchanges which is added to the save pool. Despite the fact that Liquidity Provider will acquire about 0.15% of all the Transaction fee in the Kwikswap Network. Kwikswap's easy to use interface has functionality for trading tokens, sending tokens to another address through programmed swapping, and adding or eliminating liquidity from pools. At the point when a liquidity provider consumes their pool tokens to recover their stake of the absolute hold, they get a relatively distributed measure of the all out fees aggregated while they were staking. You can utilize the functionality of Swapping and liquidity expansion through interface of Kwikswap. Kwikswap Protocol charges only 0.05% fee for every trade and swapping held in Kwikswap. This fee is used to maintain, upgrade and implement more advance feature in the decentralized Exchange using Layer 2 Scaling. Ethereum 2.0 will speed up the transactions speed but still we’ve to pay fee. Although Kwikswap Always charge fee whenever user Deposit or Withdrawal the assets from Pool. These fees are accumulated in so that user don’t have to pay gas charges again and again. Kwikswap fee share is divided in 3 portions. 0.15% which is 50% share of the fee for Liquidity Providers, 0.10% which is the 33.3% share of the fee for Stake Holders & 0.05% which is the 16.7% share of the fee for Protocol.

Governance Protocol

When a new user deposit the Liquidity into the pool, Kwikswap Contracts automatically calculates the share of Pool Tokens and mint the pool token to that address. The main function of the KWIK token is that it grants holders the right to make decisions about the protocol. This includes updating and modifying the protocol's logic, as well as the ability to allocate funds from the governance treasury. Kwikswap plans to launch it’s own governance very soon. Where users can Interact and Discuss new Governance Protocols and Improvements which are needed to implement in Kwikswap. KWIK Token will be used to Delegate votes and Decisions.

AMM( Automated Market Maker ) VS Order Book

The profundity of the order book can impeccably mirrors the market interest, despite the fact that there's a spread between the purchase and sell sides. At the point when we plan our unending contracts, it's easy to follow the instrument of centralized exchanges, to get the subsidizing rate from the order book. In any case, there are a few clear detriments of doing as such, subsidizing rate that relies upon the off-chain order book will to a great extent increment centralization. At the point when the off-chain order book doesn't work, not just the new exchanges won't be made, yet in addition the subsidizing rate won't be refreshed, prompting the smashing of the entire framework. Decentralized exchanges are as yet youthful, and numerous stages battle with liquidity. Basically, some crypto sets are more hard to exchange than others, and AMM intends to settle that. An AMM utilizes a mathematical equation that considers the current liquidity of a trading pair and gives a moment statement to traders. This equation is Known as Constant Product Formula. The essential bit of leeway of AMM is that there will consistently be liquidity for in any case illiquid markets, at any rate while there are sufficient individuals to put resources into a liquidity pool. AMM looks ideal for divided liquidity markets. AMM offers better client experience as traders will consistently get a cost without getting a lot into the whys and hows.