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What is IBULL?

IBULL is the native utility token of IBullSwap, and is used for a variety of purposes within the growing
ecosystem. Among the key functions of the token include, but are not limited to yield farming
(bullfarming), staking, participating in the iBullSwap Lottery (bull predict), and making and voting on
governance proposals through the platform's community governance portal.

How does IBullSwap work?

IBullSwap is a type of decentralized exchange known as an automated market maker (AMM). This
essentially means that there are no order books, bid/ask system or limit/market orders.The IBullSwap
protocol adds incentives to earning token safely and securely for IBull Token participants by introducing
revenue sharing through the classic AMM model.

As such, users trading on the platform automatically draw liquidity from one or more liquidity pools,
which will re-balance thereafter once the trade is completed. All trades that are performed on
an Automated Market maker model, like IBullSwap, subtract liquidity from one side of the pool and add
liquidity to the other. This changes the quantity of the assets in that particular pool together with their
corresponding values.

The liquidity is contributed by users, otherwise termed liquidity providers (LPs), who add equal values of
both sides of a liquidity pool (e.g., BNB/USDC) targeted at increasing the total amount of liquidity
available. Users receive LP tokens representative of their share in that particular pool. The LP tokens
have to be returned so that it will be possible to retrieve their fraction of the pool. In return for
providing liquidity, liquidity providers receive a share of the transaction fees generated by any pools
they contribute.

As a decentralized application (DApp), one can generally access IBullSwap exchange through a
supported Web3 wallet, e.g., MetaMask, TrustWallet, or WalletConnect. Once the wallets are set up to
support Binance Smart Chain, they can be used to interact with the IBullSwap smart contracts through
the intuitive IBullSwap front-end.

What makes IBullSwap unique?

Built on Binance Smart Chain, IBullSwap leverages a number of its unique properties to provide an
excellent trading experience to end-users. For one, users enjoy extremely low transaction fees as well as
fast-paced confirmation times. This ensures that trades are performed quickly.

IBullSwap exchange is also safe from displacement attacks such as front-running, thereby making it safer
for users compared to other automated market makers on blockchains that exhibit a sluggish block
time.

Beyond this, IBullSwap also offers an extensive range of secondary features, configured to provide
additional utility to IBULL holders. The most prominent of these currently include:

Bullfarms

IBullSwap allows users to earn an additional yield by staking supported liquidity provider (LP) tokens in
one of its numerous bull farms. By participating in a bull farm, users earn an IBULL yield on their LP
tokens. This is on top of the yields generated through transaction fees.

The exact APR varies between farms, but can be as high as several hundreds and even thousand
percent. Though users will need to factor potential impermanent losses into their overall yield.

Bullpools

Bullpools are the equivalent of IBullSwap’s simple staking functionality. Through the platform's
bullpools, users can stake a variety of BEP-20 tokens to earn a yield — either in the form of IBULL or
another reward token.

As with its bullfarms, the APY for each pool can vary considerably, and users will need to consider the
changing value of their staked assets to calculate their true yield.

Community Governance on IBullSwap

IBullSwap is partially governed by the community. This means IBULL holders can use IBullSwap's native
voting portal to vote on governance proposals. Some of these will be tabled by the IBullSwap core team,
whereas others are tabled by the community.

Website - https://ibullswap.finance/