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Frequently Asked Questions

What is FamSwap?
FamSwap is a decentralized exchange (DEX) that operates on the Binance Smart Chain (BSC) network and aggregates multi-chain transactions. It is based on an innovative Automated Market Maker (AMM) model and aims to provide global users with a secure, efficient, and diverse cryptocurrency trading experience. As an innovator, FamSwap is built on a robust infrastructure and utilizes cutting-edge technology and smart contracts to offer users exceptional trading functionalities. FamSwap includes various functional modules such as token trading, multi-coin swapping, LP liquidity pools, LP mining, single-coin mining, airdrops, launchpad, NFTs, games, and AI chat, catering to the diverse needs of users in the cryptocurrency domain.
How do I use the FamSwap?
To create a new liquidity pool, provide liquidity, swap tokens, or other funcations, head over to the FamSwap Interface and connect a Web3 wallet. Remember, each transaction on Binance Smart Chain costs BNB. For a more detailed walkthrough, check out our Guides.
How does FamSwap work?
FamSwap is an automated market maker. In practical terms, it is a collection of smart contracts that define a standard way to create liquidity pools, provide liquidity, and swap assets. Each liquidity pool contains two assets. The pools keep track of aggregate liquidity reserves and the pre-defined pricing strategies set by liquidity providers. Reserves and prices are updated automatically every time someone trades. There is no central order book, no third-party custody, and no private order matching engine. Because reserves are automatically rebalanced after each trade, a FamSwap pool can always be used to buy or sell a token — unlike traditional exchanges, traders do not need to match with individual counterparties to complete a trade. For a more in-depth description, check out the Concepts from the documentation.
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