My understanding, making a widget and placing it on your website doesn’t cost anything to do.
The revenue share is where JustMoney benefits from the widget. Every swap that uses the discount feature, 10% goes to the widget creator, the rest back to JustMoney.
Welcome team JustMoney to the hackaTron S6. Tron hackathons always seem incomplete without your submission now I am glad you’ve joined the season 6 hackathon. If I get it correct, this is similar to Sunswap feature that allow users add tokens using the token contract address?
Welcome to Grand hackathon season 6, honestly I don’t know the right terminology to describe justmoney team, you guys always give birth to a solution that makes things convenient, for now I still commend you guys for developments and what you are cultivating on Tron ecosystem, all the best as you continue to build on Tron
on swap fees: 83.33% goes to liquidity providers and 16.66% goes to JustMoney
on discounted swap fee: 10% goes to the platform hosting the widget, the rest is shared between the energy providers (which are paid in JM tokens) and JustMoney.
To become an energy provider on JustMoney Swap, feel free to have a look at JM Book
The fact that anybody can open a pool on JM Swap and list a token is indeed a pretty common feature.
But this is only a part of the entry, the widget builder brings it a step further as anybody can now freely build and manage a swap widget in a few clicks. Projects/individuals can host a fully functioning swap on their platform therefore improving users retention.
Then, as said in the presentation, the revenue sharing model is the cherry on the cake
Welcome to join the season 6 hackathon. From the information you shared in your post, you currently have three partners incorporating your white-label solution and I will like to know if you have explored any means of attracting more partners to participate in your white-label solution program to maximize the reach and impact of your widget
Participating in the HackaTron is a good first step to gain visibility among the Tron builders community
JustMoney also has a wide community ready to push the news on social medias.
Leveraging ads banners on JM Explorer will give extra visibility to the widget builder.
Since the widget builder isn’t a trading service but tool provider, that could probably be promoted in the Twitter/facebook ads program as well the team could dig this further @JustMoney
The news has been pushed 2 days ago and so far the community has been pretty receptive and excited by the announcement. 3 projects have already integrated the white label solution.
Let’s keep pushing all together, team and community, for a bigger adoption
No matter if you are a team/builder who wants to open a LP for your project token or a simple user who wants to provide liquidity for a token that isn’t listed yet on JM Swap, you can do it. Traders will be able to buy/sell that token by looking for it with the SC address on just.money.
No matter if you are a team/builder who wants to host a fully functioning swap on their project platform to allow users to trade on that same platform or an individual who has a crypto blog or whatever website and wants to add a swap to allow users to trade tokens, you can do it. You can import tokens that aren’t whitelisted on JM Swap and display them in the dropdown.
Let’s take as an example a project that isn’t listed yet. The team can open a pool, provide liquidity, generate a widget, import customs token (their own token) in the dropdown beside trx, usdt, jm, usdd, and then place the widget on their platform. That way, their users won’t have the need to leave that project platform if they have to buy tokens. They can do it directly on that website —> users retention.
Thanks for detailing this, but in a situation whereby as an investor, I proceed to open a pool for a project that is not yet listed on JustMoney for people to be able to buy/sell that asset. Along the line, the team now decided to open a pool on JustMoney. How is the platform going to handle this situation?
If it’s the same pair, let’s say tokenA/TRX, the swap should see it and their liquidity will be added to yours. So instead of owning 100% of the liquidity, you’ll own a part of it.
But if you open tokenA/trx and they open tokenA/usdt, it will then be 2 different pools. Since JM Swap has a multi-hop feature, even tho someone wants to buy tokenA with usdt, if it’s cheaper to do usdt → trx → tokenA, the trade would still use your liquidity. And arbitrage bots will ensure that the price stays about the same in both pools.
Thanks Fab, for helping out in explaining this. It’s quite understandable now. But following the scenario in this quoted text, will the provider of tokenA/trx pool still receive reward when the contract call to purchase tokenA/usdt pass through his route?