Waffle Exchange is a decentralized exchange aggregator that comes to you via the Binance Smart Chain (BSC) and for the BSC. The project brings to light its public presale, which is slated to begin April 16 at 6:00 p.m. UTC.
The project also released what they want to get from the pre-sale with their hardcap at 1500 BNB with 1 BNB corresponding to $ 6666 WAF. The list price is $ 4800 WAF per 1 BNB. Users can contribute a maximum of 10 BNB during pre-sale. In addition, the project provides for a liquidity lock of 50% prior to pre-sale.
The Waffle Exchange has yet to release the instructions that prospective investors will use during the pre-sale. For information on how to do this, you can follow updates on @waffleexchangeannouncement.
Since the project has not yet gone online, it advises its users to be careful with their commitments to avoid fraud. Additionally, it has indicated that no administrator will definitely DM you first.
The company had previously carried out its first start-up round for Pinpoint Capital and expanded its involvement. He managed to complete the starting lap in 500 BNB in less than 30 seconds.
The basics of exchanging waffles
The Waffle Exchange is non-custodial, which means that all users process all transactions individually through their BSC wallet.
The main aim of the wafer aggregator is to offer the best BNB prices on all BSC-based decentralized exchanges. In addition, the project hopes to introduce features of the Initial Litigation Offering (ILO) to fuel the growth of the network.
Investments were made to automate the processes of the ecosystem to ensure user comfort when exchanging BSC-DEXs.
Linked to this is the procurement of liquidity from BSC DEXs, including BurgerSwap and PancakeSwap. This factor gives all customers the best token swap rates, faster and better than on a single exchange.
A safer environment for you with the full audit
In April 2021, Waffle hired CTDSec to review all smart contracts in order to identify security gaps that could arise when creating the contracts.
After CTDSec gained access to the systems, CTDSec thoroughly investigated, reviewed and investigated the project in order to report any problems that were encountered. They then gave a detailed report of all attacks against the smart contracts.
There were no high severity issues and one low severity issue. Before multiplying part of the smart contract code, there was a subdivision that could lead to incorrect calculations. As a recommendation, the accounting firm suggested multiplying before dividing to ensure correct results.
However, the accounting firm warns users that this is not an absolute guarantee that problems cannot arise.
As a result, Waffle Exchange has been recommended to actively set up a bug bounty plan to encourage users to search for and report issues with smart contracts.
Features of Waffle Exchange
First, Waffle Exchange creates liquidity for the Binance Smart Chain. The user interface provides a simple structure for users to work with. All the liquidities and prices of the Multidex exchanges are displayed on the same platform.
The platform supports governance by giving users a say in their fees and rewards. Soon after its introduction, pools and crop farming, as well as a sophisticated system of governance, are put in place.
There are no KYC requirements on the platform. Therefore, users do not need to provide any personal information while participating in the project.
You can interact today through Telegram and with the growing waffle exchange community Twitter More information on project progress.