Swap
The swap is an Internally Implemented DEX that allows investors to trade between Apollo token and Solana.
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The swap is an Internally Implemented DEX that allows investors to trade between Apollo token and Solana.
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The Internal Swap function like any other decentralized exchange (DEX), with a main key difference which is a Tax that is applied to all Apollo token sells and buys. The Tax amount is always shown on the Swap page. The implementation of an Internal Swap by Olympus is driven by the need to implement multiple functionalities such as Reserved Liquidity and Buyback Strategies. These features are crucial for the success of the project and achieving its goals, and they cannot be achieved using the default code of a decentralized exchanges. It is important to note that while the Internal Swap offers unique functionalities, the fundamental workings and calculations of the swap are not different from those of any other external DEX. The basic principles and mechanics of the swap are same to what you would find in any other DEX. However Apollo token Taxes are designed to be removed in Day 366 in which is when the token distribution process (the 122 Lobbies) is completed. At that point, there will no longer be a need for a Tax system or internal swap. This means that users will have the freedom to trade Apollo tokens freely on any external exchange without the additional Taxes.
Furthermore, there is an additional section specifically for trading Ares tokens. Unlike Apollo, this section does not rely on an Internal Swap and the reason behind this is that Olympus mainly focuses on the Apollo token, aiming for its price increase and stability. On the other hand, the Ares token serves as a complementary token, designed to provide additional incentives and enhance the overall Olympus ecosystem while helping Olympus to achieve its goals with Apollo token. And so since there would be no point in using an Instead of using an Internal Swap, Olympus has opted for a simple Pancakeswap widget to facilitate Ares token trades.
The Internal Swap also allows investors to add and remove liquidity through yield farming, to Learn more about how it works please read Yield Farming.
