FAQ

CrowdSwap is a cross-chain opportunity optimization and automation platform. It aims to reach mass adoption in crypto for every human being and overcome actual problems that reside in a fast-growing business space like DeFi.

CrowdSwap concentrates on providing the best opportunities in the crypto space built on top of our best-price-routing and aggregation algorithm and fast and secure cross-chain feature.

CrowdSwap aims to decrease the barriers to profit from DeFi opportunities. With our automation and optimization approach, users can easily take advantage of the best opportunities without the hassle of knowing every detail about the necessary steps to execute. CrowdSwap wraps all steps into a minimum number of transactions. You benefit from spending less time searching for the best prices, cross-chain bridges, and adding liquidity to the correct places. You can concentrate on the main topic. Your profit!

CrowdSwap is an aggregation protocol in the decentralized finance space aiming to increase mass adoption for everybody and overcome problems in the fast-growing business space of DeFi. CrowdSwap concentrates on fulfilling the following primary missions:

  1. decreasing high gas fees on the Ethereum network
  2. making DeFi accessible to everybody 

  3. providing the best prices for swapping tokens across the DeFi space 

  4. conducting cross-chain swaps

  5. suggesting portfolio combination with the highest yields

  6. staking and yield farming opportunities

CrowdSwap aims to get even more people involved in DeFi. Using CrowdSwap, people who are already in the space but lack the knowledge to transfer tokens across different networks and chains can swap their tokens more easily. Launch the app here to get started with CrowdSwap.

A Defi opportunity is an opportunity in a Decentralized world that brings you passive income. It could be yield farming, staking, lending and borrowing, liquidity providing, and much more.
As you may know the profit in DeFi space is more than usual as the Risks. This is where CrowdSwap Comes in and helps you with providing low-Risk Opportunities and governs your funds through the process. in addition, you can always switch to a more lucrative one.

We are in a multichain environment where it’s hard for people to exchange their funds from one blockchain network to another. CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.

Manually, you can´t manage to do this task anymore. It´s just impossible. Considering moderate numbers, the possibilities add up to 9.3B combinations. CrowdSwap provides you with:

  1. Options to find and filter the desired opportunities
  2. Automatically find the best (fast, secure, and cheap) way to the opportunity
  3. Guide you through the simple process.

History has shown that whenever a new technology is introduced, governments are skeptical about it at first. As time goes by, governments set regulations for it to fit into an understandable and acceptable framework. DeFi is no exception to this fact. The undeniable fact is that using a new financial system comes with its own risks. As DeFi attracts more attention, instances of fraud and scam projects in the ecosystem are heard from time to time, which necessitates careful thought into fitting it into a regulatory framework. Read more about DeFi regulations.

APY stands for Annual Percentage Yield. It is calculated by taking interest on the initial amount invested and the interest accrued. In other words, one earns interest on interest. APY is defined as the annual percentage return on investment, considering a compounded interest rate that grows with your balance. The compound interest rate includes the reward obtained from the initial amount plus the interest. Read more about APY.

Best Price Routing (BPR) is one of the most important parts of the CrowdSwap app. Its programming code finds the best prices in the crypto space, taking fees and transaction fees of the different blockchains into account. BPR is limited only by the integration of DEXes on different blockchains. You can find a list of integrated DEXes in the “DEX integration list”.

CrowdSwap always takes into account all costs associated with a swap. In the “you save” display, we show the savings between the current DEX and the second best.

Very specifically, there are always two potential savings. First, you can immediately see that the total cost of the swaps compared is different. However, this is not always the entire saving. It is often the case that the cheaper DEX also delivers more tokens than the comparison option. CrowdSwap also evaluates these additional tokens based on the price of the worse DEX.

This is how the savings are calculated:
The number of tokens of DEX (best) multiplied by the price of DEX (2nd) minus the total cost of DEX (best).
Since the savings are displayed in US dollars, it should be mentioned here that an external reference price is used before the search to determine the number of input tokens (first token in the search). Any other mention in US dollars is based on this reference.

CrowdSwap continuously calculates with total costs. This includes the incidental swap costs, which each user definitely has to pay. Therefore, the costs of the DEXes do not pay for everything by far. Especially on the Ethereum network, transaction costs weigh down the price per token. CrowdSwap attaches great importance to transparency and always displays prices, including all incidental expenses.

It can happen that transactions take a few minutes before they are recorded in the blockchain. Therefore, looking at the transaction via the wallet is always a solution.

On some devices in the mobile environment, we have noticed that wallets do not report the completion of transactions. This can lead to no success message of the swap appearing in CrowdSwap. This is a known problem of the wallet manufacturer Metamask.

Solution: In the wallet (Metamask), however, it is possible to track whether the transaction was successfully completed via the browser view.

To rule this out, we recommend using Crowdswap on the desktop.

Cryptocurrencies are digital means of payment based on blockchain technology and smart contracts.

  1. Bitcoin is the world’s first cryptocurrency.
  2. Altcoins (Alternative Coins): All cryptocurrencies except for Bitcoin are called altcoins. Altcoins are the coins that challenge Bitcoin’s dominance.

1. It is not a bank with its fees in the middle. Transactions are faster because there is no need for a “trust” bank.
2.Aaccessible worldwide, you only need a computer and internet, also suitable for people without a bank account.
3. 100% transparent, drink transactions are traceable, cannot be manipulated, cannot be changed.

Crypto market is unregulated and requires high self-responsibility. No one is liable, prices can rise and fall quickly, fraud and high losses are possible.

You need a wallet to own and trade cryptocurrencies. There are paper wallets, mobile wallets (e.g. Trustwallet), desktop wallets (e.g. Atomic Wallet) and hardware wallets (Ledger, Trezor).
The most commonly used wallet on the Ethereum network is metamask, which is also the default on CrowdSwap.

DeFi stands for “decentralized finance,” which refers to financial apps that eliminate intermediaries in advancing the world’s financial affairs. DeFi is the integration of traditional banking services with decentralized technologies such as the blockchain. It is also known as Open Finance because of its pervasive nature. Read more about DeFi.

Decentralized exchanges or DEXs are autonomous decentralized applications (DApps) that allow cryptocurrency buyers or sellers to trade without having to give up control over their funds to any intermediary or custodian.

This type of infrastructure is entirely different from centralized exchanges where users hand over their crypto assets to the exchange, which acts as a custodian and essentially issues IOUs for users to trade with on the platform.

DEXs were initially conceptualized to eliminate the need for any authority to supervise and approve trades made within a particular exchange. Through the help of smart contracts, DEXs operate automated order books (or automated market makers) and trades. This makes them “truly peer-to-peer.”

Decentralized exchanges are exchanges where transactions take place directly between market participants without a third party, such as banks, approving transactions. Person A trades directly with person B and the contract is made directly between the two. UniSwap, FalconSwap, SnowSWap and SushiSwap, for example, are decentralized exchanges based on the Ethereum Natzwerk. PancakeSwap, for example, is based on the Binance Coin network.

There are various types of DEXs, that can be divided in these categories:
On-Chain Order Books
In a DEX that uses on-chain order books, there are network nodes that are assigned to maintain the record of all orders. It also requires the operation of miners to confirm each transaction.

See here a list of DEXes: Die Rangliste der besten dezentralen Kryptowährungsbörsen | CoinMarketCap

Coinmarketcap and Coingecko are popular platforms to discover coins.

Crypto tokens are a type of cryptocurrency that represents an asset or specific use and reside on their blockchain. Created through an initial coin offering (ICO), crypto tokens are often used to raise funds for crowd sales.

Cryptocurrency tokens represent a set of rules encoded in a smart contract – the token contract. Every token belongs to a blockchain address. These tokens are accessible through a dedicated wallet software that communicates with the blockchain and manages the public-private key pair related to the blockchain address.

Smart contracts are lines of code that are stored on a blockchain and automatically execute when predetermined terms and conditions are met or they are called from a decentralized application. At the most basic level, they are programs that run as they’ve been set up to run by the people who developed them.

Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the Ethereum blockchain. “Gas limit” refers to the maximum amount of gas (or energy) that you’re willing to spend on a particular transaction.

Polkastarter is one of the best-known platforms for IDOs/ICOs, where early-stage coins can be discovered. But FalconSwap, DuckDao.io, or ICODROPS are platforms where you can find new projects.

Automated Market Makers (AMM)
Automated market makers exploded in popularity in 2020, driving much of the DeFi boom, and are used by popular DEX platforms like UniswapSushiSwap, and Kyber Network. AMMs do not need order books. Instead, they utilize smart contracts to form liquidity pools that automatically execute trades based on certain parameters.

Cross-chain technology is a solution that actualizes the possible transfer of data across different blockchains. In fact, this technology facilitates interoperability and data sharing between different blockchain networks without using an intermediary.

Cross-chain technology helps users take advantage of the benefits of two or more blockchains in a single run. With this innovation, exchanging data has become more accessible and more feasible. This breakthrough technology also applies to transfer assets –for instance, cryptocurrencies – that exist on two blockchains. Read more about crosschain technology.

CCLP is the optimized version of the LP. The main advantage over LP is that it includes only one asset. This contributes to faster, more convenient, and of course, more secure transactions across two or multiple blockchains.

CrowdSwap uses CCLP to provide liquidity to take the user experience to the next level. By reducing the amount of fees that users pay and providing more security and transparency, as well as more yield for liquidity providers, CCLP is attracting more traders to it.

To contact the CrowdSwap team, you have the following options:

  1. Website contact form
  2. Discord for more interactive support

 

The native token of CrowdSwap is CROWD. CROWD is listed on Coingecko, and you can find more information about it here.

The price of CROWD is determined by supply and demand in the crypto market. you can check the current price of CROWD here

Fast Lane Transaction (FLT) helps users to conduct only one transaction instead of multiple ones. It’s like taking an express train to go from A to Z, while in other DeFi platforms, stopping at every station holds you back. So, in essence, FLT does all those transactions in a single run, improving security and reducing the wait time.

The Portfolio Manager is a tool for managing the portfolio of assets and providing opportunities to maximize portfolio returns by analyzing the return rate of each asset. It can also propose funding options and change the combination of assets. Click here for More info

Users can participate in staking and yield farming possibilities on CrowdSwap. Those users who hold CROWD can stake their tokens for 25% returns. Yield farming is also available on our platform for several liquidity pools with various pairs of tokens. Click here to see all the investment programs.