Hanaswap.com offers users a decentralized, fee-efficient way to swap tokens across blockchains. This article explains the platform’s fee structure and highlights the unique mechanisms that make it possible.
No additional swap fees
Hanaswap.com is built on Balanced and ICX infrastructure. The platform itself does not charge any swap fees beyond the fees enshrined in the Balanced and ICX blockchain networks.
Key points to understand:
Pre-existing fee structure: All swap fees are determined by the Balanced and ICX infrastructure. Hanaswap.com simply utilizes this framework without adding extra costs.
ICX burning mechanism: Every swap inherently burns ICX, as defined by the Balanced and ICX network fee structures. This aligns with the ecosystem’s decentralized and deflationary goals.
💡 Want to learn more about Balanced and ICX’s fee enshrinement? Check out this article to dive deeper.
Network-owned liquidity: stable and growing
A significant portion of Hanaswap.com’s liquidity is owned by the ICON Network and, by extension, ICX holders. This network-owned liquidity provides:
Long-term stability: Unlike external, temporary liquidity providers, network-owned liquidity is here to stay.
Growth potential: Following the traditional AMM liquidity pool model, a portion of trading fees remains in the pools after every swap, steadily increasing the liquidity over time.
🔍 What this means for users: ICX owned decentralized and growing liquidity ensures Hanaswap.com remains a reliable and sustainable swapping platform.
Intent-based swap architecture: a next-gen solution
A growing amount of swaps on Hanaswap.com are powered by intent-based swap architectures, a modern swapping primitive that differs from the traditional AMM model.
How it works:
Intents and solvers: Users specify their swapping intent, and solvers execute these swaps efficiently.
Benefits for users:
Faster and cheaper swaps across blockchains.
Retains full decentralization and usability.
This architecture pushes the boundaries of cross-chain swaps, making them more efficient without sacrificing core blockchain principles.
Start swapping today
Experience the benefits of Hanaswap.com’s efficient fee structure and cutting-edge technology. Visit Hanaswap.com to swap with confidence.
For any questions, check out our Support Center or contact our support team.