Frequently asked questions

66 Asked questions and 4 Tutorial videos:

At CrowdSwap, we believe in making DeFi accessible and user-friendly for everyone. With the best-price-routing (BPR) feature, our platform is always keeping tabs on the market to give users the best options for their assets. Plus, our crosschain optimization platform makes it possible for users to make their token swaps over different blockchain networks. In addition, investing in DeFi opportunities like yield farming and staking is made super easy with CrowdSwap. On top of that, CrowDEX is a super-fast and easy-to-use automated market-making system that enables users to swap tokens in a snap. Using cross-DEX routing, our users can swap different cryptocurrencies with just one click, without worrying about price impact in small liquidity pools. Last but not least, our new launchpad service called ‘Crowd Sales’ provides our users with a great opportunity to invest in promising new DeFi projects before they hit the market.

CrowdSwap is an aggregation protocol in the decentralized finance space aiming to increase mass adoption for everybody and overcome problems in the fast-growing business space of DeFi. CrowdSwap concentrates on fulfilling the following primary missions:

  1. decreasing high gas fees on the Ethereum network
  2. making DeFi accessible to everybody 
  3. providing the best prices for swapping tokens across the DeFi space 
  4. conducting cross-chain swaps
  5. suggesting portfolio combination with the highest yields
  6. staking and yield farming opportunities
  7.  A Dex Aggregator to search decentralized exchanges to find the best conditions for trading in across all of DeFi
  8. A launchpad where crypto projects are introduced and an early stage crypto token sales are made available to crypto project investors before it is publicly listed.

CrowdSwap aims to get even more people involved in DeFi. Using CrowdSwap, people who are already in the space but lack the knowledge to transfer tokens across different networks and chains can swap their tokens more easily. Launch the app here to get started with CrowdSwap.

Yes, you can check it out with the link below

https://github.com/CrowdSwap/audits

Best Price Routing (BPR) is one of the most important parts of the CrowdSwap app. Its programming code finds the best prices in the crypto space, taking fees and transaction fees of the different blockchains into account. BPR is limited only by the integration of DEXes on different blockchains. You can find a list of integrated DEXes in the “DEX integration list”.

Users can participate in staking and yield farming possibilities on CrowdSwap. Those users who hold CROWD can stake their tokens for 25% returns. Yield farming is also available on our platform for several liquidity pools with various pairs of tokens. Click here to see all the investment programs.

CrowdSwap always takes into account all costs associated with a swap. In the “you save” display, we show the savings between the current DEX and the second best.

Very specifically, there are always two potential savings. First, you can immediately see that the total cost of the swaps compared is different. However, this is not always the entire saving. It is often the case that the cheaper DEX also delivers more tokens than the comparison option. CrowdSwap also evaluates these additional tokens based on the price of the worse DEX.

This is how the savings are calculated:
The number of tokens of DEX (best) multiplied by the price of DEX (2nd) minus the total cost of DEX (best).
Since the savings are displayed in US dollars, it should be mentioned here that an external reference price is used before the search to determine the number of input tokens (first token in the search). Any other mention in US dollars is based on this reference.

To contact the CrowdSwap team, you have the following options:

In Q1, CrowdSwap announced the launch of a new feature called “CrowDEX,” which is an automated market-making system that enables projects to create liquidity pools and markets. For more info you can read this blog: https://crowdswap.org/crowdswap-representing-crowdex/

History has shown that whenever a new technology is introduced, governments are skeptical about it at first. As time goes by, governments set regulations for it to fit into an understandable and acceptable framework. DeFi is no exception to this fact. The undeniable fact is that using a new financial system comes with its own risks. As DeFi attracts more attention, instances of fraud and scam projects in the ecosystem are heard from time to time, which necessitates careful thought into fitting it into a regulatory framework. Read more about DeFi regulations.

APY stands for Annual Percentage Yield. It is calculated by taking interest on the initial amount invested and the interest accrued. In other words, one earns interest on interest. APY is defined as the annual percentage return on investment, considering a compounded interest rate that grows with your balance. The compound interest rate includes the reward obtained from the initial amount plus the interest. Read more about APY.

Cryptocurrencies are digital means of payment based on blockchain technology and smart contracts.

  • Bitcoin is the world’s first cryptocurrency.
  • Altcoins (Alternative Coins): All cryptocurrencies except for Bitcoin are called altcoins. Altcoins are the coins that challenge Bitcoin’s dominance.
  • It is not a bank with its fees in the middle. Transactions are faster because there is no need for a “trust” bank.

  • Aaccessible worldwide, you only need a computer and internet, also suitable for people without a bank account.

  • 100% transparent, drink transactions are traceable, cannot be manipulated, cannot be changed.

Crypto market is unregulated and requires high self-responsibility. No one is liable, prices can rise and fall quickly, fraud and high losses are possible.

DeFi stands for “decentralized finance,” which refers to financial apps that eliminate intermediaries in advancing the world’s financial affairs. DeFi is the integration of traditional banking services with decentralized technologies such as the blockchain. It is also known as Open Finance because of its pervasive nature. Read more about DeFi.

Decentralized exchanges or DEXs are autonomous decentralized applications (DApps) that allow cryptocurrency buyers or sellers to trade without having to give up control over their funds to any intermediary or custodian.

This type of infrastructure is entirely different from centralized exchanges where users hand over their crypto assets to the exchange, which acts as a custodian and essentially issues IOUs for users to trade with on the platform.

DEXs were initially conceptualized to eliminate the need for any authority to supervise and approve trades made within a particular exchange. Through the help of smart contracts, DEXs operate automated order books (or automated market makers) and trades. This makes them “truly peer-to-peer.”

Decentralized exchanges are exchanges where transactions take place directly between market participants without a third party, such as banks, approving transactions. Person A trades directly with person B and the contract is made directly between the two. UniSwap, FalconSwap, SnowSWap and SushiSwap, for example, are decentralized exchanges based on the Ethereum Natzwerk. PancakeSwap, for example, is based on the Binance Coin network.

There are various types of DEXs, that can be divided in these categories:

On-Chain Order Books

In a DEX that uses on-chain order books, there are network nodes that are assigned to maintain the record of all orders. It also requires the operation of miners to confirm each transaction.

See here a list of DEXes: Top Cryptocurrency Decentralized Exchanges/ CoinMarketCap

Cryptocurrency tokens represent a set of rules encoded in a smart contract – the token contract. Every token belongs to a blockchain address. These tokens are accessible through a dedicated wallet software that communicates with the blockchain and manages the public-private key pair related to the blockchain address.

Smart contracts are lines of code that are stored on a blockchain and automatically execute when predetermined terms and conditions are met or they are called from a decentralized application. At the most basic level, they are programs that run as they’ve been set up to run by the people who developed them. Read more about smart contracts. 

Gas fees are payments made by users to compensate for the computing energy required to process and validate transactions on the blockchain. “Gas limit” refers to the maximum amount of gas (or energy) that you’re willing to spend on a particular transaction.

Polkastarter is one of the best-known platforms for IDOs/ICOs, where early-stage coins can be discovered. But FalconSwap, DuckDao.io, or ICODROPS are platforms where you can find new projects.

You can think of an automated market maker as a robot always willing to quote you between two assets. Using AMMs, you can trade with confidence and earn rewards by supplying liquidity to a liquidity pool. The rewards are calculated through various formulas and have different APYs and APRs. This allows anyone to become a market maker on an exchange and earn fees for providing liquidity. 

For more info: How Do Automated Market Makers (AMMs) Work?

A Defi opportunity is an opportunity in a Decentralized world that brings you passive income. It could be yield farming, staking, lending and borrowing, liquidity providing, and much more.

As you may know the profit in DeFi space is more than usual as the Risks. This is where CrowdSwap Comes in and helps you with providing low-Risk opportunities and governs your funds through the process. in addition, you can always switch to a more lucrative one.

We are in a multichain environment where it’s hard for people to exchange their funds from one blockchain network to another. CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.

These fees vary depending on the crypto currency, the network, volume and network traffic you use.

Try with other browsers (preferably Chrome), clear the browser cache, and finally inform the CrowdSwap support group.

Explain your problem or send a picture of your warning to CrowdSwap support team and ask them to help you solve the problem

If you sent funds to the wrong address, you’ll need to contact the receiving party and ask for their cooperation in returning the funds. If you do not know the owner of the address, there are no possible actions you can take to retrieve the funds.

You can close the window and do it again or you can speed up the process from your wallet.

First, check your wallet address in the desired network scanner site (etherscan, bscscan, …). If there is a token showing there and not in the wallet, you can import it using the token address.

Transactions may fail due to different reason such as « slippage » (in a transaction including a swap) or « out of gas »

Cross chain swap transactions may fail because of slippage and fluctuated prices during the transfer between chains. We have tried to minimize this situation, but if it occurs, you will receive deUSDC on the destination chain. It can be easily swapped to the desired token.

Cross chain swap transactions may fail because of slippage and fluctuated prices during the transfer between chains. We have tried to minimize this situation, but if it occurs, you will receive deUSDC on the destination chain. It can be easily swapped to the desired token.

These fees vary depending on the crypto currency, the network, volume and network traffic you use.

First, check your wallet address in the desired network scanner site (etherscan, bscscan, …). If there is a token showing there and not in the wallet, you can import it using the token address.

Try with other browsers (preferably Chrome), clear the browser hash and finally inform the CrowdSwap support group.

The native token of CrowdSwap is CROWD. CROWD is listed on Coingecko, and you can find more information about it here.

The price of CROWD is determined by supply and demand in the crypto market. you can check the current price of CROWD here

You need a wallet to own and trade cryptocurrencies. There are paper wallets, mobile wallets (e.g. Trustwallet), desktop wallets (e.g. Atomic Wallet) and hardware wallets (Ledger, Trezor).

The most commonly used wallet on the Ethereum network is metamask, which is also the default on CrowdSwap.

  • Visit the Google Chrome Web Store Extension Section from your browser.
  • Search for “MetaMask”
  • Tap on the “Add to Chrome” option.
  • Once the installation is done, click on “Get Started”
  • Now, create a wallet by following the prompted instructions.
  • A web-based free solution to help you sort out your assets and safely venture into any uncharted realm.

    Portfolio Manager is a digital whiteboard laden with opportunities in the palm of your hand. It automatically rallies the most booming opportunities and liquidity pools for swaps and pocket-friendliest options, all handpicked and vouched by us. And to top it off, it’s completely free!

Yield farming, or liquidity farming, is the act of lending or staking your cryptocurrency into a liquidity pool, through DeFi (Decentralized Finance) to receive rewards such as interest and more of their staked cryptocurrency

Yield farming, also known as liquidity mining, is a process in decentralized finance (DeFi) where users provide liquidity to a liquidity pool and earn rewards in the form of additional tokens. It involves locking up your tokens in a smart contract to facilitate trading and generate returns.

Yield farming has gained popularity due to its potential for high returns. It allows investors to earn additional tokens on top of their existing holdings, potentially increasing their crypto assets significantly. It can also be beneficial during bear markets as it offers a way to generate profits and protect against inflation.

CrowdSwap offers three investment options: “Invest by Pair,” “Invest by Swap,” and “Invest by Crosschain.” These options allow users to invest in liquidity pools with different token combinations, depending on their holdings and the pool requirements.

“Invest by Pair” is a straightforward option where users allocate an equal value of both tokens that exist in the liquidity pool pair. This option eliminates the need for token swaps and simplifies the investment process.

“Invest by Swap” is useful when a user has only one of the tokens required for a liquidity pool. CrowdSwap automatically swaps half of the user’s token for an equal value of the other token, creating a pair in the liquidity pool.

The “Invest by Crosschain” option allows users to invest in a liquidity pool even if they don’t have the same tokens as the pool requires. CrowdSwap automatically swaps the user’s token for an equal value of the tokens in the liquidity pool pair, even if they are on different networks.

CrowdSwap provides an easy-to-use interface for withdrawing pool rewards. Users can select the “CROWD Reward” option from the drop-down menu in their CrowdSwap account and transfer the earnings directly to their wallet.

The tokens you earn as rewards may vary based on the investment opportunity you choose. For example, if you invest in a CROWD opportunity, you’ll receive rewards in CROWD tokens. Different platforms may offer rewards in different tokens.

CrowdSwap handles the necessary calculations and swaps in the background for all three investment options. Whether it’s calculating token ratios, swapping tokens, or creating pairs in the liquidity pool, CrowdSwap automates the process to simplify participation for users.

Yield farming, or liquidity farming, is the act of lending or staking your cryptocurrency into a liquidity pool, through DeFi (Decentralized Finance) to receive rewards such as interest and more of their staked cryptocurrency

CrowdSwap’s Crypto Launchpad is a service that allows new DeFi projects to raise funds through token pre-sales. It provides a platform for DeFi projects to connect with enthusiastic users and secure seed money.

To participate in Crowd Sales, a project needs to submit a token request to CrowdSwap’s sales team by emailing “sales@crowdswap.org”. The sales team will review the request and determine if the partnership is likely.

The setup form includes information about the token pre-sale, such as project name, network, token name, token decimal, the required token for the transaction, and optional token address. It also covers KYC levels, price and funding range, vesting plan, start and end dates, first hours best price, links to social media platforms, rules, and terms and conditions.

KYC stands for “Know Your Customer” and is a procedure to verify the identities of users participating in the token pre-sale. CrowdSwap collaborates with its partner, Fractal, an Identity Solution Provider for Web3, to facilitate KYC processing. Projects wishing to set up KYC must integrate Fractal’s Decentralized ID. For more guidance on the process, contact the sales team at “sales@crowdswap.org”.

Yes, projects can set their own start and end dates for the pre-sale. However, once the dates and times are set, they cannot be changed, so it’s important to double-check and ensure the accuracy of the selected dates.

“First Hours Best Price” refers to offering special benefits to users who make a purchase during the initial hours of the pre-sale. It incentivizes early participation and often includes better prices or exclusive offers for early investors.

Yes, projects can provide links to their social media platforms on the Crowd Sales setup form. CrowdSwap also offers to share advertisements for partners to boost sales and raise awareness. Further marketing cooperation can be discussed as part of the pre-sale planning and communication.

The evaluation aims to determine the investors who have held or consistently held CROWD for the most extended period during the competition.

The factors considered in the evaluation include the purchase time and the continuous ownership volume.

Two wallets are considered “connected” if a transaction into CROWD has taken place between them. This is known as a “wallet network.”

Anyone can participate in the competition if they have at least 10,000 CROWD in their connected wallet at the time of evaluation, are not or were not an advisor at CrowdSwap, and are not an employee of the CrowdSwap project.

The winning points are calculated based on the eligible wallet networks, determined based on CROWD transactions between wallets, the absence of advisors or CrowdSwap project employees, and the minimum balance of 10,000 CROWD.

CROWD in the wallet, CROWD in staking, CROWD transfers to other wallets, and CROWD Liquidity Mining if no CROWD had to be sold to enter Liquidity Mining are considered as “CROWD held.”

CROWD swap into other non-CROWD tokens and investing in Liquidity Mining by only CROWD (because half of the CROWD are swapped in the background) are not considered as “CROWD held.”

The “capital at start” refers to the wallet balance at the end of the “LTH I CROWD Masters” period, which is considered the starting point for calculating the winning points for those who purchased and held CROWD during that period.

No, yields from LTH I will not be considered in the balance history.

The main difference between LTH1 and LTH2 is the timeframe and the periods considered for calculating winning points.

In LTH1, the evaluation period is before 21 February 2023. It is irrelevant for collecting winning points, but the wallet balance at this period’s end is considered the “capital at the start.”

In LTH2, the evaluation period is from 21 February 2023 to the Bitcoin Halving in 2024 (exact date to be determined in the future).

The list of Long term holders is updated weekly every Monday, and you can view it on the Loyalty Program page of CrowdSwap.

If your wallet address is not listed in the weekly update, contact us so we can sort it out and get you back in the running.

The prize pool for the LTH2 competition is up to 1.5 million CROWD tokens.

In the competition we only respect CROWDS that were bought or received from airdrops or competitions in the past. Rewards (from liqui-mining or staking e.g.) do not count here. So the amount you can see in the list is usually lower than the current amount in your wallets

Every purchase of CROWD before 21st January 2023 will increase your winningpoints only if you not sell them before evaluation day (bitcoin halving 2024)

How to buy CROWD?

Tutorial video How to

We are in a multichain environment where it’s hard for people to exchange their funds from one blockchain network to another. CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.

How to swap tokens with contract address?(For example: GALA)

Tutorial video How to

We are in a multichain environment where it’s hard for people to exchange their funds from one blockchain network to another. CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.

How to in invest in CROWD opportunities?

Tutorial video How to

We are in a multichain environment where it’s hard for people to exchange their funds from one blockchain network to another. CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.

How to do cross chain swap in CrowdSwap?

Tutorial video How to

We are in a multichain environment where it’s hard for people to exchange their funds from one blockchain network to another. CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.

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