What is JulSwap? Things to know about JULB token and JULD token

julswap-la-gi

What is JulSwap?

JulSwap is a DEX exchange similar to Uniswap, SushiSwap but built on Binance Smart Chain (BSC) thereby providing a much faster and cheaper transaction experience than Ethereum-based DEXs that are having problems with high gas fees.

It is developed by JustLiquidity, one of 15 projects backed by Binance’s $100 million Accelerator Fund.

Not only providing a DEX platform is JulSwap, JustLiquidity also supports BSC-Ethereum bridge (Bridge) and wallet (Wallet).

What are the advantages of JulSwap?

Considered a copy of UniSwap and SushiSwap on BSC, what does JulSwap have to compete with these two powerful platforms? That is:

  • Faster.
  • Cheaper price.
  • Supported through JustLiquidity Protocol.
  • JUL Tokens (Justliquidity’s token) can be staked.
  • Deployed on BSC (Binance backing, low fees, faster transaction speed).
  • The project’s Token Bridge can be used to convert tokens on Ethereum to BSC and vice versa.

Not only that, JulSwap will distribute 10% transaction fee for dev team and 0.3% transaction fee for dev team. Liquidity Provider(with the rate of 0.25% will be the transaction fee, 0.05% will be changed to JULB).

JulSwap User Manual

To be usable JulSwap you need to have a wallet that supports BSC like TrustWallet or MetaMask. In this article, I will guide readers to use JulSwap with MetaMask wallet because it’s simple, easy to use and supports both desktop browsers and mobile apps.

If any readers do not know how to link MetaMask with Binance SmartChain, please refer to this article first: Instructions to connect Metamask wallet with Binance Smart Chain.

Step 1: Go to https://julswap.com/#/swap then click Connect to a wallet to connect to your wallet.

ket-noi-vi-elephant-julswap
Connecting MetaMask to JulSwap

Note:

  • To make a transaction on JulSwap you must top up BEP20 standard BNB to charge your MetaMask wallet. 0.1 BNB range is enough for you to trade comfortably.
  • Remember to change the Network on MetaMask to SmartChain before connecting the wallet to JulSwap.
  • Only BEP20 standard tokens (BSC) should be transferred for trading on JulSwap.

Step 2: Select the transaction you want: SWAP or POOL.

With SWAP, you are trading coins and tokens. Select the token you want to exchange with the token you want to receive. In the illustration below, I am using USDT to exchange for BNB.

swap-coin-tren-julswap

Note:

  1. The amount of USDT you want to use to swap to BNB.
  2. The amount of BNB you can get after a successful swap.
  3. Click to proceed with the swap.
  4. Minimum amount of BNB you can get after swap.
  5. The ratio of the difference between the market price and the estimated price due to the size of the transaction.
  6. Fees are deducted from the Liquidity Provider.
  7. The swap process takes place.

Pool will allow you to add liquidity to join pools to receive bonus tokens. When you proceed to staking coins, tokens in pairs will need to add liquidity first.

As shown below, I will add the liquidity pair BNB/BUSD

add-pool-julswap

Note:

  1. Select Add Liquidity to proceed.
  2. Enter the amount of BNB you want to use to add Liquidity.
  3. The corresponding amount of BUSD (automatic conversion system) is required to proceed with Add Liquidity. Here you need to note, the total value of BNB must be equal to the total value of BUSD.
  4. BUSD and BNB conversion rate.
  5. Click to proceed with Add Liquidity.

Staking tokens on JulSwap

For staking on JulSwap then at the JulSwap homepage, click on the item Staking, the browser will open a new tab leading to the staking page.

staking-juld-token

At the staking page interface, click Connet to a Wallet.

Giao-dien-trang-staking-juld-token

Next choose MetaMask.

connet-metamask

Note:

  • Remember to change the Network on MetaMask to SmartChain before connecting the wallet for staking.
  • To make a transaction on JulSwap you must top up BEP20 standard BNB to charge your MetaMask wallet. 0.1 BNB range is enough for you to trade comfortably.

After connecting with MetaMask If you are successful, you just need to select the pair of coins and tokens that you want to staking and then click Approve Staking.

lua-chon-staking-tren-julswap

There are 2 staking options: staking coins, single token or pair staking. With the option of staking coins, single tokens, you only need to have the balance of coins and tokens used for staking in the MetaMask wallet to be able to staking immediately. As for the option of staking coins and tokens in pairs, you must add the liquidity of that pair first before you can staking. The operation to add liquidity was guided in the previous section.

Note, when staking coins, your single token reward will usually be much lower than pair staking. However, it is much safer when the price of coins fluctuates. Staking coins, tokens in pairs is more risky when the price of tokens in the liquidity pair decreases and the price of coins and tokens decreases, but in return when the price increases, it will be a double profit. Thereby, readers should choose a staking method suitable for their own investment.

JULB token, what is JULD token?

JULB and JULD are 2 tokens of JulSwap both of which play a certain role in the JulSwap ecosystem.

Inside JULB token acts as a governance token JULD token is an airdrop token for the community who support the project.

All BEP20 projects can be listed FREE OF CHARGE on JulSwap. If the project wants to go to Select Token Bar, it must auction at the end of the month to get a place in the top 10. This reward will be distributed to JULB Holders with more than 25 JULs in the wallet.

so-sanh-julb-vs-juld

JULD token and JULB token used for what?

The keepers JULD token and JULB token can be shared transaction fees. However, with JULD, only the Limit order transaction fee will be shared.

Private JULB token, as a governance token, those who hold this token with a certain amount will have the right to vote on decisions on JulSwap.

Not only that, the transaction fee collected will be used for redemption JULB, 50% of it will be burned, the remaining 50% will be shared to the community who holds the least 6 JULB in the wallet (random snapshot time of the week). And whenever someone offers or withdraws liquidity of BNB & ETH, the protocol puts the equivalent amount of Tokens into Uniswap / SwapLiquidity. When liquidity is eliminated, tokens will also be discarded. Weekly, the project will burn 10% JUL/JULB of this scrap.

Information of JULB token

Token Name JulSwap Token
Ticker JULB
Blockchain Binance Smart Chain
Token Standard BEP20
Contract 0x32dffc3fe8e3ef3571bf8a72c0d0015c5373f41d
Token type Utility, Governance
Total Supply 1,000,000 JULB
Circulating Supply 436,870

Information of JULD token

Token Name JulSwap Token
Ticker JULD
Blockchain Binance Smart Chain
Token Standard BEP20
Contract 0x5a41f637c3f7553dba6ddc2d3ca92641096577ea
Token type Utility
Total Supply 800,000,000 JULB
Circulating Supply 239,319,793

Token Allocation

No information

Token Sale

No information

Token Release Schedule

No information

Buy JULD token, where to buy JULB token?

Currently, you can completely go to DEX exchanges to swap JULB, JULD. If you want to trade on the DEX to trade JULB, I recommend using JulSwap because the transaction fees here are relatively cheap.

Those who do not want to use DEX can buy on MXC.

Conclude

JulSwap along with 2 tokens JULB and JULD are currently attracting a lot of attention. This project is supported by Binance, so it is likely that in the near future there will be many steps forward.

Not only that, the community of JULD token is very strong with twitter page with nearly 125 thousand followers including famous and influential figures in the crypto community.

So what does JULD token bring to investors? That is:

  • The current price is low, the capitalization is also very low compared to the tokens of similar projects. The potential for high prices in the future is huge.
  • Backed by Binance.
  • JulSwap is growing stronger in both TVL and trading volume.

All of the above statements are personal. All investment decisions are made by you and you are responsible for your assets. Good luck!

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