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Nairaland Forum / Science/Technology / Programming / Where Does BNB Goes When Someone Swaps My Token On Pancakeswap (622 Views)
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Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Webster563: 1:22pm On May 08, 2022 |
Am wondering guys, Where does BNB goes when someone swaps my token on pancakeswap. And how do i gain from the swapping |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by childuptojoy(m): 1:24pm On May 08, 2022 |
Who does the transfer charges goes to when you transfer from Access bank to Gtb? |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Webster563: 1:28pm On May 08, 2022 |
childuptojoy:This is a different scenerio... This is a swap on LP... So who does the swapped BNB go to? Pancakeswap or the provider? |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by childuptojoy(m): 1:45pm On May 08, 2022 |
Webster563:Liquidity provider |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by childuptojoy(m): 1:46pm On May 08, 2022 |
I think there is a sharing formula they use though. |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Webster563: 1:49pm On May 08, 2022 |
childuptojoy:Exactly what i want to find out. I know the provider's wallet is on pancakeswap so any profit will go direct to this wallet. I just want to be exact on how it's splitted/shared. |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Stephenmoka4(m): 2:47pm On May 08, 2022 |
Webster563:This is what I understand... Two pairs e.g. ABC - BNB. A user put BNB to get ABC (done via pancake swap). The BNB goes to the BNB liquidity in that pair (pool), doing this will alter the price. |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Stephenmoka4(m): 2:49pm On May 08, 2022 |
childuptojoy:you also gain from transactions made by users. |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Webster563: 6:11pm On May 08, 2022 |
Stephenmoka4:Thanks this is clearer. |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Kovac: 8:08am On May 09, 2022 |
It goes to the liquidity pool...... |
Re: Where Does BNB Goes When Someone Swaps My Token On Pancakeswap by Kovac: 8:12am On May 09, 2022 |
In decentralized exchange there is no buy and sell order as u see in centralize exchange so whenever one needs sell his coin you might not someone ready to buy it immediately that's why theirs is liquidity pool so you sell and buy the coin at any time even though theirs someone willing to sell or buy.....the liquidity pool is like pool of the coin paired with a known currency in this case bnb |
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