Cryptocurrency Q&A
What is token swap in crypto?
What is token swap in crypto?
Giulia
Fri Nov 08 2024
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6 answers
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Token swap in crypto refers to the exchange of one kind of cryptocurrency token for another on a blockchain. This process can occur for various reasons such as updating to a new token version, switching to a different blockchain, or participating in decentralized finance (DeFi) activities. Token swaps are crucial in maintaining the value, security, and continuous operation of cryptocurrencies within the rapidly evolving blockchain environment.
6 answers
Thunderbolt
Sun Nov 10 2024
A token swap signifies an arrangement between two entities.
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DigitalWarrior
Sun Nov 10 2024
This arrangement involves the exchange of two distinct token types.
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charlotte_anderson_explorer
Sun Nov 10 2024
For instance, consider tokens A and B.
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Michele
Sat Nov 09 2024
During the swap, one party agrees to transfer a specified quantity of token A.
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JejuSunshineSoulMateWarmth
Sat Nov 09 2024
In return, they receive a predetermined amount of token B from the other party.
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