Rainbow Swap functions as a DEX aggregator on the TON blockchain, automatically routing orders through multiple liquidity sources to find the best trading rates. It compares prices across various decentralized exchanges to ensure users get the most favorable deals for their token swaps. By aggregating liquidity from different sources, Rainbow Swap aims to reduce slippage and provide optimal pricing for traders on the TON network.
Is Rainbow a secure platform?
Rainbow Swap prioritizes security by leveraging the robust infrastructure of the TON blockchain. While specific security measures are not detailed on the website, as a decentralized platform, it likely benefits from the inherent security features of blockchain technology. The app also provides responsive user support via Telegram, where users may write if they feel concerns.
How to use Rainbow?
To use Rainbow Swap, users simply need to visit the website at https://rainbow.ag and connect their TON-compatible wallet. Once connected, they can select the tokens they wish to swap, enter the amount, and the platform will automatically find the best rate across available DEXes. After reviewing the transaction details, users can confirm the swap, which will be executed on the TON blockchain.
What services does Rainbow offer?
Rainbow Swap primarily offers token swapping services, allowing users to exchange TON for USDT at the best available rates with minimal price impact. It provides an aggregation service that searches across multiple decentralized exchanges to find the most favorable trading conditions. Additionally, Rainbow Swap offers a user-friendly interface that simplifies the process of trading on the TON blockchain for both experienced and novice users.
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