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  1. Omega (Ω) Products

Omega (Ω) Swap

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Last updated 10 months ago

A DeFi platform for streamlined access to token Swapping.

Omega (Ω) uses an easy approach to swap tokens on Omega (Ω) swap powered by DEXs. Users will be charged a paltry cost of 0.2% trading fee for swapping one token for another of which 0.15% shall be re-deposited into the liquidity pool.

This redeposited amount in the pool will be used as a reward for liquidity providers. 0.05% of it will be sent to the staking pool and act as a reward for staking $OMEGA tokens. The swapping is done through the Smart Contract (SC) protocols. The SC protocol fastens and cheapens the entire process.

DEX Fees structure:

  • DEX liquidity pool the transaction is charged a 0.25% fee of which:

  • 0.22% is re-deposited into the liquidity pool and acts as a reward for liquidity providers.

  • 0.03% is used to buy $OMEGA and distribute it to the staking pool.

  • Network fee: A nominal amount of BNB is also required to process all networks fees on each trade. Most transactions cost between 0.0001 — 0.001 BNB.

The protocol will generalize all transactions. Here all the target blockchain is proof of work. Also, the target blockchain can simulate the hash of Crypto Blockchain for full cross-communication to support Smart Contracts. It should make the entire token swapping process a seamless activity for the DeFi ecosystem.

The existing DeFi projects can access the Crypto-based swap platform features & liquidity directly from their native blockchain platform. It will yield a smooth integration between the current infrastructure and the Crypto ecosystem.