Palmswap price

PALM

There are many benefits users can appreciate by trading on Palmswap. Firstly, users enjoy 100% on-chain perpetual futures where anyone can open short or long positions on many different assets. In addition, Palmswap currently offers up to 50x leverage on supported assets, without requiring the trader to own the underlying asset. Users can also maximize their profits and general trading experience by applying several different order types to trades, including profit, stop loss, and limit orders. To begin, a trader only needs a BSC wallet like Metamask, some USDT, and some BNB tokens on BSC.

A common public sentiment about most DeFi platforms is that there is little to no ease of use due to their complex functions and interfaces. Palmswap solves this problem by providing users with a simple and straightforward interface for trading, staking, and farming. In addition, Palmswap does not require users to register or create accounts. Instead, interested traders will instantly benefit by visiting the website and connecting a supported wallet. This connection only takes a few seconds and does not require deposits. On top of these features, there are no KYC requirements.

The total PALM token supply is 1,000,000,000 tokens distributed to multiple sectors, including a Community Fair Launch (10%), Team and Advisors (17%), Ecosystem & Rewards (48.65%), Marketing (4.97%), Market Maker and Liquidity (3.75%), Early User Airdrops (0.45%), Insurance Funds (3%), and Reserves (3.94%).

The Palmswap ecosystem is powered by the PALM token, a BEP-20 governance token with immense benefits for holders. Since the ecosystem focuses on incentivizing users, PALM has been designed for more than just governance functions.

Palmswap V2 is the first perpetual DEX built on BNB Chain using single-asset liquidity pools and offering 50x leverage on trading perpetual contracts. Palmswap V2 provides a seamless CEX-like DEX experience with all order types (Limit Order, Market Order, Stop Loss, Take Profit), fully on-chain (Binance Smart Chain), fully decentralized & self-custodial, where users have full control over their funds—no third-party involved.

Unlike some other DeFi platforms, Palmswap operates as a non-custodial exchange. Users are not required to transfer their funds to the exchange for trading. They retain full control over their cryptocurrency. Palmswap is the first decentralized perpetual exchange to feature a synthetic architecture and single-sided liquidity, empowering users with robust liquidity and minimal slippage and price impact. All trades are settled in USDT.

Additionally, Palmswap V2 offers many other features and advantages for traders, including:

• Higher Leverage: Traders can leverage their position up to 50x.
• Increased Market Scalability: The single-sided liquidity pool allows Palmswap to gain a significant advantage over other platforms that need to establish new liquidity pairs for each asset listing.
• Realtime Market Price Updates: To ensure maximum fairness and accuracy in asset prices, Palmswap leverages a custom real-time Chainlink node operators network that calculates the median asset spot prices from the industry’s most liquid exchanges.
• No Front Running Attacks: By mitigating price impact, Palmswap eliminates the possibility of front runners harming traders by placing their orders in advance.
• Completely New Interface: The latest version of the exchange features a completely redesigned user interface, elevating the overall user experience for smoothness and simplicity. The redesign prioritizes a modern look and user-friendly usability.

When a trader executes a trade on Palmswap, the platform uses sophisticated algorithms to match the order with virtual liquidity, ensuring that the execution price remains unaffected. To achieve zero price impact trading, Palmswap uses a combination of on-chain and off-chain mechanisms:

• On-chain, smart contracts handle the execution of trades and maintain the virtual liquidity pools.
• Real-chain oracles (Chainlink) to ensure the virtual pools reflect the most up-to-date prices.
• Benefits of zero price impact trading:
• No slippage
• No impermanent loss
• No unexpected price fluctuations, trades are executed at the exact price
• Highly advantageous for large-volume and institutional traders