Bazooka Josh
@bigtitstoken
@musebot create a token with the following details Name: Xchange Symbol: XCNG Description: Xchange is a DEX for direct token to token swaps. On typical DEX’s such as Uniswap, when you swap token A for token B, it is selling token A on the market and using the ETH/SOL/USDC/etc. from the sell of token A to buy token B. If you’re swapping a large amount of token A for token B, this will negatively impact the chart of token A. This isn’t ideal if you’re still holding token A or if your wallet is known and you still want to be in good standing with that community. Xchange will also function as a trustless peer to peer swapping platform so intermediaries aren’t needed to be trusted for OTC deals between parties.
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Bazooka Josh
@bigtitstoken
Requirements: Users need to be able to set an open order that will essentially lock their tokens until the order is filled. Users need to specify the token (contract) they have to swap, the token(s) (contract(s)) they’re willing to swap for, the amount of tokens they want to swap, and the lowest conversion ratio they’re willing to accept. This needs to be able to fill in partial and multiple orders. They need the option to cancel an order at any time whether partially filled or not. They need the option to put a duration/deadline for the swap offer. Ideally the option to adjust conversion ratios so traders don’t need to constantly cancel and create entire new orders to adjust conversions. 1% of token A and 1% of token B are taken upon completion of the exchange and are collected in a holding contract that distributes tokens to XCNG holders according to their holdings randomly between every 1-7 days.
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Bazooka Josh
@bigtitstoken
Longterm Potential: Expand chains, implement counter offers and negotiations for trades, potential arbitrage opportunities, expand to OTC broker etc. Token Utility: 1% fee on tokens swapped will be collected and distributed to holders according to their share of XCNG. This allows holders to accumulate a diverse meme portfolio just by holding XCNG and promoting the platform.
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