SpookySwap- An all-inclusive DEX to leverage funds across different ecosystems
The development of a decentralized financing system has given way to the development of another AMM exchange where one can easily trade on the Fantom Opera Network. Yes, we are talking about SpookySwap By using this network, you can make your contribution to the liquidity pools and earn a fee whenever someone swaps on the same pool. Isn't it a great option to earn a side income? Now, the question is why should you also start using this exchange to upgrade your cryptocurrency trading game?
Well, there could be a lot of diverse reasons for the same but to name a few, we can say that this defi exchange allows you to carry out transactions at lightning-fast speed, comprehensive security, and a lot of scalabilities. and most importantly, one thing that is worth considering about this exchange is that you only need to pay a very little fee to carry out the transactions.
To make it more suitable to the users' needs, they keep on making necessary changes to their platform based on the reviews that they get from their customers. And this is the only platform that does so and makes sure to meet the needs of the users. Moreover, users also get the option to make the most out of this DEX that too with not-so-complicated features.
Moving on, let us now have a glance at some of the very crucial topics about this exchange which would open the gateway for you to have in-depth details about this exchange.
What is Spooky crypto swap and how to use it?
After having the background details about what SpookySwap is, let us now tell you about the spooky crypto swap and what steps you need to take in order to use it.
Talking about the Spooky Swap crypto, we can say that the SpookySwap exchange is building a great foundation to work upon where users can swap and work with the BOO token developed by them. This is a governance token that can be used to access diverse features such as farms, liquidity pools, in-built bridges, limit orders, and other special services. On SpookySwap, you can gain access to the following functionalities:
NFT and more
Now comes the part where we will let you have a glance at how to use this decentralized exchange. Well, to use it and work on the Fantom Opera blockchain, you can connect one of the supported wallets to it. The wallets that can be connected to it are MetaMask, Coinbase Wallet, TrustWallet, MathWallet, TokenPocket, and WalletConnect.
How to Bridge on SpookySwap?
In order to use the SpookySwap bridge feature, this is what you need to do:
To start, you need to choose a network (for to and from)
And one of the networks should be the Fantom network
Now, go to the "Token to Bridge" section and select a preferred token
Next up, you have to enter an amount supported by the exchange
Review the amount you have entered and take a look at the fee as well
Lastly, confirm the transaction by tapping on the "Bridge Token" option
Is there a SpookySwap mobile app?
If you want to access the functionalities of SpookySwap on your mobile phone, then there is one possible way to do that. All you need to do is get the mobile app of the wallet that you want to connect to it. For example, if you want to use SpookySwap with MetaMask, then what you can do is install MetaMask's mobile-friendly app on your device and then connect the two platforms together.
What is SpookySwap Discord and how to use it?
With the SpookySwap Discord feature, you can easily get a chance to connect with the other members of the SpookySwap family. It is a community-driven platform that allows you to hang out with 38499+ others. On the Discord platform, you will be allowed to involve in conversation with others using the voice and text chat feature which is available for free. You can also invite others to join this platform if you are already using this and to send an invite, go to the https://discord.com/invite/SpookySwap URL or accept an invite through the same.
How to get started on SpookySwap Finance?
To start using the Finance service available for SpookySwap users, you first need to connect a wallet with this exchange. To do so, you can follow the steps listed below:
To get started, please go to the https://spooky.fi/#/ webpage
On this page, please click on the "Connect Wallet" option available at the top right corner
Make a choice for the wallet that you wish to connect it with
You can only choose a wallet that you have been using already
Else, set up that wallet right now
Follow the remaining steps to end the task
Why is SpookySwap not working?
While working on this DEX, you may come across some major or minor technical glitches that might restrict you to access the services offered on the platform. Well, if you have not cleared your browsing history, cookies, or cache from your device for a long, then also it could lead to the same issue. Apart from that, outages or issues with the internet could also lead to this issue. And to fix these issues, here is what you need to do:
Perform a hard refresh
Clear off the cache and refresh again
If you're using it on mobile, then switch to the desktop version
Switch your web browser
Make changes to the settings of your device
Check for any compatibility issues and resolve them
That's how you can resolve any issues with the SpookySwap Fantom exchange.
How do you swap on the SpookySwap Fantom platform?
After you have connected the wallet with the SpookySwap protocol, you can perform the following steps to swap tokens through it:
At first, you need to go to the "Swap" section on SpookySwap
Select the tokens in the "To" and "From" section
In case you haven't approved the tokens, click on the "Approve" option
When you see the "Swap" option, click on it
Give the necessary permissions on the upcoming windows and you're done
SpookySwap vs SpiritSwap- Comparing the two DEXs
Well, both the decentralized exchanges work on the Fantom network, but there are surely some points of difference between the two.
Talking about SpookySwap, we can say that it is the first-ever DEX on the said network while this is not the case with the SpiritSwap. The former one allows users to work on the popular AMM which is used by Uniswap as well. In addition to this, you will also be charged a base fee of 0.2% for swapping on this exchange, and for placing a limit order, you will be charged a 0.22% fee. Speaking about its native token, $BOO is its native token.
Coming back to SpiritSwap, we can say that works similar to the pancake swap. There is no involvement of the centralized governance whenever you swap tokens through it. And when we talk about the fee it charges to the users for swapping, it is near about 0.3%.
Although both the protocols are similar in nature and functionality, one has to be better than the other. But, it is you who will decide which one fulfills your requirements in a better way.
In this detailed article, we have incorporated different topics that would diversify your knowledge about SpookySwap and its functionality. The article includes a wide range of topics such as SpookySwap Finance, Bridge, Discord, the Swap feature, and much more. Please make sure that you go through some detailed research about it so that nothing could stop you from earning great rewards in the form of BOO tokens.