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GnosisSwap

A one point destination to swap your cryptos on Gnosis blockchain.

GnosisSwap

Created At

Scaling Ethereum 2023

Project Description

😎 Idea

  • People put their money in banks thinking they have control over it, but in actuality, banks control the money.
  • 'Your Money, Your Control,' is the core of Blockchain Technology which is how Decentralized Exchange work under the hood and this has long attracted me. As laws tighten, more people are turning to decentralized exchanges, discovering the actual value of blockchain and decentralized exchanges.
  • Banks have unlimited control over money and can even refuse to enable customers to withdraw it in an emergency.
  • There is no transparency in the operations of the Banks and everything is Centralized
  • What's a better way to exchange your money while still having the ability to contribute to the Gnosis Ecosystem in the form of the fees which you anyhow have to pay to the big Institutions and banks.

✒ Summary

  • GnosisSwap enables anyone from anywhere in the globe to purchase and sell cryptocurrencies immediately using Gnosis Network.
  • GnosisSwap will contribute to the projects being build on the Gnosis Network by providing them with the funds as decided by the community.
  • It does not discriminate anyone and will be open to everyone.
  • Fan Token can be earned by providing liquidity and earning a steady passive income.

How it's Made

  • We have forked UniswapV2 and deployed it on the Gnosis Network, as well as rendered our own UI and linked the smart contracts with the UI, allowing users to interact with the protocol.
  • We have also made some modifications to the Uniswap's smart contracts to automatically transmit 0.01% of the total fees for the projects, 0.02% to the protocol for continued development and improvement of the protocol, and 0.3% to the liquidity providers for their contribution.
  • Tools Used: Solidity, Remix, Gnosis(Testnet) Blockchain, uniswapV2, React and Metamask.
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