DEX FAQs

What’s your competitive advantage over the other amm/dex/multichain?

At our core we're a DEX, so Pancakeswap, Bakeryswap, and later on Uniswap and others once we begin to go cross-chain are all competitors. With our DEX aggregation service, we're competing with projects such as 1inch, Bogged Finance, Anyswap, and we also compete with all the main launchpads/token lockers with our exoStart and exoLock products/features. As far as how we plan to disrupt those existing competitors, we broadly have a three-pronged approach:

1. Offer functionality that solves real problems and is/will be in demand but is currently unavailable elsewhere.

2. Offer everything in an integrated, all-in-one package, to create a single go-to access point for defi traders.

3. Turn token holders into stakeholders who benefit directly from the success of the project beyond the simple value of their holdings, thereby incentivizing them to use our platform, and also to spread the word to other potential users organically.

The traditional DEX model attracts liquidity by offering (primarily) retail investors high APY rewards in return for 'lending' their liquidity to us. While this is still a valid approach that has merits (particularly in quickly generating liquidity on large-cap crypto/stablecoin pairs) we are also heavily focused on attracting new/upcoming/recently launched projects by providing them the functionality they can't get anywhere else.

The reality is that developers control most - if not all - of the LP tokens for their project, certainly in the early days. If we give developers reasons to want their token traded on us over competitor DEXes (custom token taxes, lottery feature, community bot integration, dev wallet fee rebates, and more) then we will gain liquidity and new trading pairs organically as projects themselves either launch on us or move their existing liquidity from swap platforms elsewhere using our LP migration tool. Traders, meanwhile, will get a range of new features aimed at providing a trading experience closer to a CEX than a DEX, with complex order types, trading view charts with the ability to draw persistent TA markings, a wide range of indicators, and such.

The trader jackpot feature is also a key offering in terms of attracting traders. Rather than offering fee rebates (which are pretty insignificant to small-mid-size users), we instead put those rebates into a prize pool and award entries based on trading volume, which can then be used to play a variety of games with the potential to win a large jackpot prize (as well as various smaller ones).

Adding a DEX aggregation service to this - so users can trade pairs on other DEX platforms while still earning tickets - is designed to encourage a transition to using exoSwap as a single point for defi swaps, building a consistent base of recurring users while exoSwap's own trading liquidity grows. And then there is the EXO token, which governs the entire ecosystem. $EXO token holders essentially become shareholders in the EXO project as a whole, due to the rising-pegged tokenomics backed by platform-wide revenue, and trading fee profit share that acts as a dividend on top of the traditional staking/farming rewards available.