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A cross-chain swap enables trading tokens across different blockchains without using an intermediary party (e.g. an exchange service) in the process.
Trading tokens directly from one blockchain to the other was impossible due to the technological differences between them until WapSwap developed an innovative WAP token which haves power to convert it's chain itself with simple burning, minting feature and a highly encrypted code which helps to verify the transaction made on a different chain.
Yes it's completely server less (two chains interacts directly with each other).
For example, if Nemo wants to swap WAP tokens from BSC to Polygon chain.
Step 1 : Connect wallet with Binance Smart Chain.
Step 2 : Go to Chain Swap feature on WapSwap.
Step 3 : Enter the number of WAP tokens you want to swap, click 'chain swap' and approve the transaction.
Step 4 : Copy the encrypted code of that particular transaction.
Step 5 : Click 'change network' to change your chain network from BSC to polygon.
Step 6 : Paste the encrypted code at the claiming section, click 'claim' to claim your WAP tokens on Polygon Chain and approve to transaction. The number of tokens nemo swapped were burnt from BSC chain (excluding 1% swap fee) and the same amount was minted on polygon chain with direct interaction between two smart contracts on different chains, with the help of encrypted data and identical wallet addresses as both chains are ERC20 based.
The encrypted code includes the necessary information which is required to verify the transaction on different chain, to ensure the quantity to mint and deliver the tokens to correct chain and wallet address.
The protocol will maintain the total supply of tokens across all chains i.e. if the total supply of WAP tokens are 21 million then the total supply of WAP token including all chains will be 21 million, unlike other tokens which haves supply on multiple chains and their total quantity of all chains exceeds their total and max supply.
WAP$WAP is an Automated Market Maker on the Binance Smart Chain. We offer liquidity pool model. Users add pairs of tokens to liquidity pools and earn transaction fees from others who swap their tokens using the pools. We have seen popularity due to the speed and low fees offered by the Binane Smart Chain. Our cryptocurrency is called $WAP. You can easily buy and sell it on DEX. You can also swap other tokens for $WAP using our swap and liquidity pools.
WAP$WAP will potentially create entirely new financial markets, products, and services. An ecosystem of financial applications that is built on top of blockchain networks.
An open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
WAP$WAP do not relies on institutions such as banks to act as intermediaries, and courts to provide arbitration. We do not need any intermediaries or arbitrators.
The code specifies the resolution of every possible dispute, and the users maintain control over their funds at all times. This reduces the costs associated with providing and using these products and allows for a more frictionless financial system.
WAP$WAP uses the AMM model to create liquidity pools of tokens that users can access to swap. Users don't trade as makers or takers but instead interact with a smart contract. Anyone can start providing liquidity by depositing a pair of coins in equal value.
In return, the liquidity providers receive LP (liquidity pool) tokens that act as a receipt for their share of the pool. These LP tokens are burnt when reclaiming your tokens. You can also provide them to use in yield farming, where your fees are constantly reinvested in the pool to compound your interest.
WAP$WAP’s AMM model rewards liquidity providers with a 0.18% fee shared proportionally based on the liquidity provided. The tokens' prices aren't determined via an order book but through a formula known as the Constant Product Market Maker.
Let's use the BNB/BUSD liquidity pool as an example. We'll refer to BNB as x and BUSD as y. With a Constant Product Market Maker formula, x and y are multiplied together to create a constant, k, that can’t change.
The liquidity pool will offer you a conversion rate, in our case, 300 BUSD (y) for 1 BNB (x). When you supply the 300 BUSD to the pool and remove 1 BNB, it will have a higher supply of BUSD and a smaller supply of BNB. This action causes the price of BNB to rise as k is constant. In other words, you are using your BUSD to buy BNB. As more BNB leaves the pool, its price in comparison to BUSD rises.
The liquidity provided to the exchange comes from Liquidity Providers ("LPs") who stake their tokens in "Pools". In exchange, they get $WAP FLIP ($WAP Liquidity Provider) tokens, which can also be staked to earn $WAP tokens in the "farm".
When you make a token swap (trade) on the exchange you will pay a 0.25% trading fee, which is broken down as follows:
0.18% - Returned to Liquidity Pools in the form of a fee reward for liquidity providers.
0.02% - Sent to the WAP$WAP Treasury.
0.05% - Sent towards $WAP buyback and burn.
2020 December - Inception of the concept.
2021 January - Planning and Team Building.
2021 March - Beginning of platform development.
2021 August - Deployment on Testnet for testing the platform in Alfa and Beta Version.
2021 September – Get Audited by Security Partners.
2021 November - Launch of WAP$WAP with Swapping, Cross Chain Swapping, Farming & Staking Facilities.
2021 November – Aggressive Marketing Campaign launch with Bounty Campaign on BitcoinTalk
2021 November – Partnership Announcements with the Financial Institutions & other Defi projects of BSC.
2021 November – Listing of decentralized exchanges like PancakeSwap. September 2021 - Locking the Liquidity on immediate basis after public sale.
2021 December - New Liquidity pools will be added.
2021 December - New cross chain integrations for cross swapping.
2022 January - Strategic and Fair Launchpad for new projects.
2022 February - Android Wallet and IOS Wallet Development.
to be continued...
WAP$WAP liquidity pools allow you to provide liquidity by adding your tokens to liquidity pools or “LPs”.
When you add your token to a liquidity pool (LP), you will receive LP tokens (WAP$WAP’s version of liquidity provider tokens).
As an example, if you deposited $WAP and $BNB into a liquidity pool, you would receive WAP-BNB LP tokens.
The number of LP tokens you receive represents your portion of the WAP-BNB liquidity pool. You can also redeem your funds at any time by removing your liquidity.
Providing liquidity is not without risk, as you may be exposed to impermanent loss.
It’s not all bad for liquidity providers as you will also be given a reward in the form of trading fees. Whenever someone trades WAP, the trader pays a 0.25% fee, of which 0.18% is added to the liquidity pool of the swap pair they traded on.
For example:
There are 10 WAP LP tokens representing 10 WAP and 10 BNB tokens.
1 WAP LP token = $1 WAP + $1 BNB
Someone trades 10 WAP for 10 BNB.
Someone else trades 10 BNB for 10 WAP.
The WAP/BNB liquidity pool now has 10.017 WAP and 10.017 BNB.
Each LP token is now worth 1.00017 WAP + 1.00017 BNB.
To make being a liquidity provider even more worth your while, you can also put your LP tokens to work whipping up some fresh yield on the WAP$WAP farms, while still earning your 0.18% trading fee reward.
When you stake your $WAP, you automatically receive $WAPPOS that will be used as proof-of-stake.
With the $WAPPOS received, you are able to stake for rewards in the STAKING Pool.
Please do not sell/exchange your $WAPPOS.
If you sell your $WAPPOS you won't be able to unstake your $WAP as you need the same amount of $WAPPOS to do so.
You can stake your $WAP on the "Staking" page by clicking on the little "+" sign after approving the contract, choose the amount you want to stake and confirm.
STAKING: In order to stake your $WAP you don't need anything else than... well... $WAP.
FARMING: In order to farm you need to provide liquidity to one of the pools on the farming page and then stake your LP tokens.
Both have their own advantages and disadvantages. Which one to choose is up to your strategy.
In order to farm, you first have to provide liquidity to one of the pools which you can find on the "Farm" page.
After providing liquidity and receiving your LP tokens then select the pool you joined from the "Farm" page, approve the contract and then click on the little "+" sign, choose the amount you want to stake and confirm.
In order to connect your wallet you have to click on the "Connect Wallet" button on the top-right corner of the page. After that, look for the wallet you want to connect to WAP$WAP and click "connect". Approve the connection and you're good to go.
Trust Wallet: When you go into the dAPP in the top-right corner you can see the different blockchains available, click on it then choose Binance Smart Chain Mainnet.
MetaMask: Create a custom RPC with the following:
Network Name: BSC Mainnet
ChainID: 56
Symbol: BNB
Trust Wallet: When you go into the dAPP in the top-right corner you can see the different blockchains available, click on it then choose Polygon Matic Mainnet.
MetaMask: Create a custom RPC with the following:
Network Name: Polygon
ChainID: 137
Symbol: MATIC
If it says "burn amount exceeds balance" you forgot to unstake your $WAPPOS. (This if the transaction fails while trying to unstake $WAP)
If there is any other message it might be a problem within BSC, please try increasing the transfer fees to 20 GWEI 200,000 Gas limit.
There will always be an announcement before the launch of new pools.
Join the announcements Telegram group to be the first that finds out.
When there is any official airdrop going on it will be announced along with the requirements.
Please remember anyone can airdrop tokens to users since every transaction is public on BSCScan. Do your own due diligence when it comes to non-official airdrops.
You're most likely not connected to Binance Smart Chain within your wallet.
$WAP does have a max. supply as it’s a deflationary token.
MAX Supply is 21,000,000 WAP.
RPC URL:
Block Explorer URL:
RPC URL:
Block Explorer URL:
Check the TX on
Yield farming incentive rewards from the AMM, if applicable - i.e. CAKE tokens from PCS.
Underlying trading fees of the pool - i.e. trading fees from the PancakeSwap pools.
Incentive rewards paid in tokens of platform partners (in featured pools).
Initial Liquidity Pools (LPs) for farming WAP tokens:
Reward multipliers:
WAP-BNB
WAP-BUSD
WAP-CAKE
*Please note : If you unstake before 168 hours, the rewards will be lapsed and sent to dev address for burning.
Our platform gives you an opportunity to maximize your rewards. Hence, you can invite your friends to register via the referral link and receive rewards from our referral program. Referral rewards can be received from Farms & Staking pools.
WAP$WAP referral program will work in the following way:
Farms & Staking pools. You can expect 5% return from your friends' earnings. Your referral rewards will be visible and directly withdrawn from your wallet address when your invited friends will withdraw WAP tokens to the wallet.
Let’s say, you invited a friend and he/she earned 5 WAP from either “Farms” or “Staking pools”. As a result, you will receive 5% from 5 WAP, which accounts for 0.25 WAP.
All your referral rewards will be sent to your referral balances in $WAP tokens. All the fees will also be charged in $WAP tokens.
You will have two separate referral earning counter, including:
Farms referral earnings
Staking pools referral earnings
With our referral system we want to have both you and your friends benefit from joining our community.
“$WAP” TOKEN Staking involves the locking up of assets to participate in the validation of transactions on proof-of-stake blockchains, with a financial “reward” provided in terms Of different Tokens. This offers a digital asset alternative for yield generation in today's low or negative interest rate environment.
Staking Pools:
WAP POOL
BNB POOL
CAKE POOL
*Please note : If you unstake before 168 hours, the rewards will be lapsed and sent to dev address for burning.
*Effective Emission is 0.152 WAP as 230.40 WAP per day is diverted to the lottery wallet, and burned (It will be burned every week until we start our lottery feature).
At present, WAP is also burned in the following ways:
0.05% of every trade made on WapSwap.
0.5% of every cross chain swap transaction made on WapSwap.
100% of farming and staking pool rewards if unstake, harvest or compound is done before 168 hours (7 days) after staking.
50% emissions will be reduced every 4 years until it reaches max supply.
230.40 WAP per day is diverted to the lottery wallet, and burned (It will be burned every week until we start our lottery feature).
The burning process is currently manual.
Metric
Emission/block (WAP)
Emission/day (WAP)
Emission
0.16
4,608.00
Burned (Inactive Lottery Fund)
0.008
-230.40
Effective Emission
<0.152*
4,377.60*
Distributed to
Reward/block (% of emission)
Reward/block (total WAP)
Reward/day
Farms
60%
0.0912
2,626.56 (approx)
Staking Pools
40%
0.0608
1,751.04 (approx)
Total Daily WAP Emission
4,377.60 (approx)
