How Does AMM Work?

👨‍💼AMMs or Automated Market Makers enable the trading of digital assets in a permissionless and decentralized environment by utilizing liquidity pools instead of traditional methods.

📊An AMM works similarly to an order book exchange where there are trading pairs. The difference is that AMMs eliminate the need for another participant when making a trade or third party.

📍AMMs are managed using automated protocols, do not involve intermediaries, and have lower transaction fees. Moreover, all DEXs powered by AMMs are non-custodial and do not store user assets locally or digitally, ensuring complete protection against hacks.

🚀CoinSwap is an incentivized DeFi protocol that has taken the AMM approach to the next level by utilizing the BNB Chain to offer much faster and lower-cost transactions. CoinSwap has one of the most rewarding incentivized models for liquidity providers that supports its AMM model.

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