Are swaps/AMMs used for anything besides exchanging tokens?

sgenuine

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Quote from: Coral99 on July 16, 2021, 09:25:25 AM

Hi

So AMMs like Uniswap, Sushiswap, Pancakeswap etc are used as a platform to swap 2 different tokens.

I'm wondering are there any exisiting situation where these platforms are being used for anything different.

Such as a lottery, casino, betting, presale investments etc.

AMMs sound pretty limited so trying to find out if they are currently capable of offering anything more.

Thanks

Actually PancakeSwap does. It offers a lottery where you buy tickets, and then you should
match numbers, from the left side of your ticket, to the winning numbers drawn at the end of a Lottery round. Also there is a prediction market, where you have to predict if the price of BNB/USDT will be higher or lower than it was when the “live” phase starts. Moreover, it provides an NFT-system, where you can choose your own name, join a team, and choose from NFT profile images you've collected to use as your profile's display picture.

Coral99

newbie

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Quote from: dhemasm on July 16, 2021, 04:07:27 PM

Quote from: Coral99 on July 16, 2021, 09:25:25 AM

~Snip

Well with the current market stage you can see some improvement on some AMM Platform like Pancakeswap that offering lottery, betting, Collectibles (NFT) And IDO, ILO or IFO (Initial Farm offerings) In the future, It's really different with 1-2 years before where AMM nowadays offering tons unique features.

Hi, Thanks for replying. Besides lottery what other types of betting are there?
Thanks

llecrf

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Quote from: Coral99 on July 16, 2021, 09:25:25 AM

_snip_

We have seen some of the additional features present in the AMM exchange, staking, farming and gaming have made this platform well developed.
we can also make loans and there are many other things which I think are very easy to understand for new users in the crypto space, there is no KYC and we can do trades and easily transactions.

FinneysTrueVision

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Top Crypto Casino

Pancakeswap has a lottery but it was disabled for several months. They brought it back a few weeks ago with lower ticket prices and lower gas cost. The prizes were really huge for a few days because they were adding a million dollars in Cake to the prize pool. Now that there are not adding extra Cake the prizes are much lower but if you are lucky enough you can still win over $100k if you win the top prize.

dhemasm

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Quote from: Coral99 on July 16, 2021, 09:25:25 AM

~Snip

Well with the current market stage you can see some improvement on some AMM Platform like Pancakeswap that offering lottery, betting, Collectibles (NFT) And IDO, ILO or IFO (Initial Farm offerings) In the future, It's really different with 1-2 years before where AMM nowadays offering tons unique features.

AhmadM

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Weird, you know those AMMs but didn't know with general features they have? Sounds more like you are pretending to be dumb here instead of asking genuinely. Try to check out or explore those first by yourself, then ask your inquiries to the community later (if any).

Quote from: Coral99 on July 16, 2021, 09:25:25 AM

Such as a lottery, casino, betting, presale investments etc.

As far as I know there is no AMM that offers a casino or betting feature so far

Most of the generic features on AMM are a lottery, farms, NFT, and presale (IDO/ILO).

devil2man

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it is not entirely true the listed exchanges are also defi platforms and you can do many other things in addition to the swap and altcoin exchange, they are a profit opportunity, investment among their various staking offers, pools,farms, liquidity, they are excellent tools in order to increase your earnings

Review Master

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TBH, Op could easily findout the answer by looking into those various AMM/DEX from different chains. AMM/DEX isn't only for swapping two tokens as many platform provides fund rising, yield farming, lottery, prediction and so on. Not only this, few amm/dex already provided NFT platform for all users. So it's not only limited to swapping tokens, but more than that and many platforms are adopting new features day by day. Cheesy

el kaka22

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Sort of? I mean there are farming and pools there as well which you can use like a passive income if you want to, but that is basically about it, there isn't really anything that makes it any better, it is just a stuck thing where it can't move too much.

Why do you think places like Cake ends up doing like competitions, NFT's and all the other innovations with the millions of dollars costs? Is that because they love innovation and they want to improve the crypto world for the better? Of course not, they are doing it because they want to stay relevant, they want people to keep using their product and have a reason to buy more, otherwise if they stay the same then they are going to end up with people getting out and less people getting in and the price of Cake will fall big time. That is just how the world works in crypto, you have to keep improving, look at ETH and BNB and how much they improved.

ryzaadit

legendary

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If you using PancakeSwap.

Then you should know, PancakeSwap also has LOTTERY. You can check on their website, the prize win is really massive as well around 700,000 - 800,000 USDT payed by CAKE. Feels free to try, If you can hit maybe 3-4 number should be got a nice prize from them.

Yogee

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Quote from: Coral99 on July 16, 2021, 09:25:25 AM

...Such as a lottery, casino, betting, presale investments etc.

Sounds like you are just playing dumb to me. You wouldn't know about these features or products without checking these platforms first. One click on their site and you will see everything there. Oh and you forgot to include the NFT marketplace hehe.

Investo20

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Yes the AMM platforms offers a lot more that just swapping tokens. Most of them offers the staking, farming facilities and liquidity provide.
Apart from that when the platforms become known and reputed they offer Initial Dex Offering and IFO which is like pre-sale.
Most important part - many decentralized Swapping exchanges are giving airdrop to their users which gives a huge profit instantly.

terciduk123

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Quote from: Coral99 on July 16, 2021, 09:25:25 AM

Hi

So AMMs like Uniswap, Sushiswap, Pancakeswap etc are used as a platform to swap 2 different tokens.

I'm wondering are there any exisiting situation where these platforms are being used for anything different.

Such as a lottery, casino, betting, presale investments etc.

AMMs sound pretty limited so trying to find out if they are currently capable of offering anything more.

Thanks

You can check Pancakeswap again, Pancakeswap not only offers swap features, but also Farms, Pools, lottery and IDO/IFO.
Several other AMMs also offer the same features, and sometimes there are other features such as a market for NFT

Coral99

newbie

Activity: 5

Merit: 0

Hi

So AMMs like Uniswap, Sushiswap, Pancakeswap etc are used as a platform to swap 2 different tokens.

I'm wondering are there any exisiting situation where these platforms are being used for anything different.

Such as a lottery, casino, betting, presale investments etc.

AMMs sound pretty limited so trying to find out if they are currently capable of offering anything more.

Thanks

Topic: Are swaps/AMMs used for anything besides exchanging tokens? (Read 106 times)