Q2 is finally here, and our plans to launch Bridges Exchange this quarter remain on track. In the meantime, we wanted to provide more information about the features and benefits of Bridges Exchange as well as Bridge$ token.
Swap with simplicity: Bridges Exchange handles it for you
Central to any decentralized exchange is the swap functionality. Bridges will be using Binance Coin (BNB) as the base for the exchange liquidity pools and swaps. With Bridges, you’ll be able to swap between any two tokens, stablecoins, and coins listed in our platform.
Our team has built in the functionality for multi-hop swaps. That means that if there isn’t a liquidity pair between the two tokens you want to swap, Bridges will do the magic in the background to bundle transactions and return the token you want without you needing to do anything else.
Safe tokens and innovative projects approved by Bridges
Bridges checks each token to ensure that it is safe for holders and that it’s not a pure copycat of another project. This means you can focus on the merit and goals of the project idea instead of having to spend your time deciding whether or not the project is a scam.
All projects — new and existing — are evaluated by the Bridges Team, required to fulfill an audit of their token contracts, and either dox their leadership team or complete a private identity verification. You can sleep well knowing that Bridges has done the work to minimize the chance of scams on our exchange.
That being said, we can make a special exception for Satoshi Nakamoto. We recognize that it might be a bit difficult to convince them to dox.
If a project doesn’t get approved by Bridges, it won’t be listed on the Exchange. At the same time, all projects on the exchange will be listed with their name. That means you’ll never again have to enter a token address and cross your fingers that you entered it right.
Anti-bot measures for a more secure launch
Don’t you hate it when sniper bots jump in before launch and make a profit off of your launch-day purchase? These bots have also been known to destroy projects before they even have a chance to grow. Our engineers did some clever tricks in the code to reduce the chances that these bots would be able to affect tokens at launch.
Know what you’re swapping before you swap
You have the right to see exactly what it is you’re swapping for before you hit that swap button. With Bridges, you’ll be able to see token information directly on the swap page when you enter the token you want to receive from your swap.
While we still strongly recommend that you do your own research, Bridges wants to make it as easy as possible for you to learn about the tokens listed on the exchange.
Deposit liquidity and earn 0.2%
If you’re a liquidity provider, then you’ll want to move your liquidity to Bridges Exchange where we offer 0.2% rewards on liquidity deposits. This reward is about 17% higher than most other decentralized exchanges on BNB Chain. Note that Bridges doesn’t take any share from this reward.
When you deposit liquidity for the Bridge$ token, you’ll still be able to earn dividends on those tokens in addition to the 0.2% rewards.
Farm and earn Bridge$
Earning that 0.2% isn’t enough for you? Looking for a way to earn more Bridge$ tokens? Start farming on Bridges Exchange. If you’ve provided liquidity for a trading pair, you can farm that liquidity to earn Bridge$ rewards from farming on top of the 0.2% liquidity fee benefits.
HODL Bridge$ and earn 3% dividends on exchange volume
Last, but not least, our exchange is the exchange that pays you. As long as you hold at least 100 Bridge$ tokens, you’ll receive dividends from 3% of the exchange volume weighted according to how many tokens you hold. This adds an additional layer of compound interest for liquidity providers, a return for Bridge$ holders while they dip their toes into other projects listed on our platform, and lastly an opportunity for the projects themselves to help support their own project.
Want to see how many dividends you could earn? Check out our dividend calculator on the dashboard of the Bridges website.