Palmswap

# What is Palmswap?

Palmswap is a decentralized crypto asset exchange platform that facilitates perpetual futures trading on the Binance Smart Chain (BSC). The exchange offers decentralized perpetual trading as effectively as centralized platforms, eliminating entry barriers so anyone can trade by simply connecting a BSC-supported wallet.

Palmswap’s primary goal is to build one of DeFi’s most inclusive and functional ecosystems. The platform intends to use each product or feature to solve problems in the sector and will continue to launch more products as demands arise in the DeFi market. Furthermore, although Palmswap is building on BSC, the platform will enable cross-chain compatibility to expand access to more potential users. Traders around the globe will be able to take advantage of Palmswap’s trade-to-earn functionality to trade on the platform and earn rewards.

# What Makes Palmswap Unique?

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.

# How Many PALM Tokens Are There In Circulation?

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.

# Earning via Palmswap

Several use cases and earning opportunities apply to the Palmswap community. Users can earn ecosystem rewards via the following channels:

**Staking**

Holders can earn rewards in USDT by staking their PALM tokens in a Staking Pool. 30% of the total trading fees generated by the Palmswap On-Chain DEXare distributed in USDT among all stakers, who also enjoy a discount on trading fees, participation in governance voting and Palm Pad projects, as well as increased affiliate commissions generated from the referral program.

**Liquidity Providing**

The community and liquidity providers are critically important for the success of any exchange. This applies to Palmswap v2 as well. Liquidity providers can mint (buy) PLP, Palmswap Liquidity Provider token, and earn rewards in USDT. 40% of the total trading fees generated by the platform are distributed among all liquidity providers.

**Trade 2 Earn**

An important aspect of sustainable growth is the retention of users and community members. To incentivize and reward trading activities, traders automatically receive Trading Points, abbreviated as TP, based on the size (USD volume) of their trades and closed trading positions. Trading Points can be converted into PALM tokens and paid out daily 24 hours after the end of the epoch.

**Referral Program**

Palmswap Exchange offers a competitive referral program whereby you receive between 10-25% (based on your tier) of all your referred users generated fees that sign up using your referral ID. The referral fees are taken from the top, meaning before the users generated fees are divided based upon the Reward Flow Distribution.

# PalmSwap v2

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.

**Synthetic Architecture**

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

# Where Can You Buy Palmswap (PALM)?

PALM is available on following exchanges:
* [Pancakeswap](https://https://pancakeswap.finance/).
* [MEXC](https://www.mexc.com/de-DE/exchange/PALM_USDT?_from=search)

# Security Audit

Palmswap was audited by [Zokyo](https://www.zokyo.io/ ), a well-known cybersecurity firm. The protocol [was classified](https://docs.palmswap.org/developers/audit) by Zokyo above industry standards.




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