Core Chain is a Bitcoin-powered, EVM-compatible layer one blockchain that combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). It is designed for high-speed transactions and robust security, supporting decentralized applications (dApps) and smart contracts. Despite its advantages, decentralized exchanges (DEXes) on Core Chain often face liquidity issues, high slippage, complex user interfaces, and security vulnerabilities.

Archerswap addresses these challenges by offering a user-friendly and secure DEX on Core Chain. It enhances the trading experience with low slippage, high liquidity, and an intuitive interface, while implementing robust security measures to protect users’ assets. Archerswap’s solutions promote decentralized finance (DeFi) adoption and usability on Core Chain.

What is Archerswap?

Source: Archerswap website

Archerswap is a decentralized exchange (DEX) built on the Core Chain, a Bitcoin-powered, EVM-compatible layer one blockchain. It facilitates seamless token swaps, liquidity provision, and staking opportunities. Archerswap aims to provide a secure, efficient, and user-friendly platform for trading and earning rewards.

Unique Selling Points Compared to Other DEXs

Archerswap distinguishes itself through its integration with Core Chain, leveraging the blockchain’s advanced features to offer a superior trading experience. Unlike many other DEXs, Archerswap provides low slippage and high liquidity, which are crucial for minimizing price impact and ensuring smooth trades. Its intuitive interface is designed to be accessible for both beginners and experienced traders, making it easier for users to navigate and utilize the platform’s features.

Benefits of Archerswap

• Low Slippage: Archerswap ensures minimal price impact during trades, providing a more stable trading environment.
• High Liquidity: The platform offers ample liquidity for various trading pairs, reducing the risk of large price swings.
• User-Friendly Interface: Archerswap’s interface is designed to be simple and intuitive, making it easy for users to trade and manage their assets.
• Security: With robust security measures in place, Archerswap protects users’ assets from potential threats and vulnerabilities

Archerswap Products

Exchange

ArcherSwap is an Automated Market Maker (AMM) and the cornerstone of the platform. It allows users to trade tokens directly through their own wallets without needing a centralized exchange like Binance. Token swaps on ArcherSwap are straightforward, using automated liquidity pools to trade ERC20 tokens. Users earn BOW rewards on every trade and pay a low 0.20% trading fee, which is allocated as follows:

• 0.1% to liquidity providers as a fee reward
• 0.05% for BOW buyback for xBOW
• 0.05% for BOW buyback and burn

Yield Farms

Yield Farms on ArcherSwap let users stake Liquidity Pool (LP) tokens to earn BOW. These LP tokens are obtained by adding tokens to liquidity pools. Each farm’s Annual Percentage Rate (APR) varies based on the value of LP tokens, reward multiplier, trading volume, and BOW price.

Liquidity Pools

Liquidity pools allow users to provide liquidity by adding their tokens. In return, they receive LP tokens (e.g., BOW-CORE LP tokens). These tokens represent the user’s share of the liquidity pool. Liquidity providers earn rewards from trading fees, though they are also exposed to impermanent loss. For example, a 0.2% fee is charged on trades, with 0.10% added to the liquidity pool of the traded pair.

xBow Pools

xBow Pools offer a simple way to earn free tokens by staking xBOW. Some pools also allow staking of other tokens besides BOW, providing additional earning opportunities.

Vaults

ArcherSwap’s vaults enable users to deposit LP tokens and earn additional rewards through automated yield optimization. The vaults use smart contract strategies to auto-compound assets, increasing LP token holdings over time. This process involves harvesting rewards, selling half for paired assets, and adding liquidity. Vaults offer higher returns than traditional yield farms, minimize user effort, reduce gas fees, and protect profits. There are no deposit fees, and standard withdrawal fees are set at 0.1%.

BowPad

BowPad is ArcherSwap’s launchpad for new projects. It helps new projects issue tokens, gain liquidity, and raise funds using CORE. Token sales are conducted using the overflow method, with a maximum of $5,000 USD worth of CORE per wallet. To participate, users need to purchase CORE tokens from a centralized exchange or have CORE in their wallet before the token sale.

NFTs

ArcherSwap supports NFTs, allowing users to trade and manage unique digital assets. This feature caters to the growing interest in digital collectibles and assets.

Archerswap Features

Trade Mining

Trade mining on Archerswap rewards users with BOW tokens for every trade they make. This incentivizes trading activity on the platform, providing users with additional benefits while increasing overall liquidity and trading volume.

xBow Fee Sharing

xBow Fee Sharing allows users to earn some of the trading fees collected on Archerswap. By holding and staking xBOW tokens, users can receive a share of the platform’s revenue, creating a passive income stream.

Lottery

The Archerswap Lottery allows users to win prizes by purchasing lottery tickets with BOW tokens. This feature adds an element of excitement and engagement to the platform, allowing users to win substantial rewards.

Token Creation

Archerswap provides a simple and efficient way for users to create their own tokens. This feature is particularly useful for new projects looking to launch their tokens on the Core Chain, offering a streamlined token creation and deployment process.

ArcherSwap Analytics

ArcherSwap Analytics offers users detailed insights into the platform’s performance, including trading volumes, liquidity pool statistics, and yield farming data. This feature helps users make informed decisions by providing comprehensive data and analytics.

High APR Farms

High APR farms on Archerswap allow users to earn significant returns by staking their LP tokens. These farms are designed to provide attractive annual percentage rates (APRs), incentivizing users to participate in yield farming and contribute to the platform’s liquidity.

Free Token Multisender

The Free Token Multisender feature allows users to distribute tokens to multiple addresses simultaneously. This tool is particularly useful for airdrops, rewards distributions, and other mass token transfers, saving time and reducing transaction costs.

Getting Started with Archerswap

How to Connect Metamask to Core Chain

1.Install MetaMask: If you haven’t already, download and install the MetaMask extension for your browser.
2.Create a Wallet: Open MetaMask and create a new wallet or import an existing one.
3.Add Core Chain Network:

• Open MetaMask and click on the network dropdown at the top.

• Select “Add Network” and enter the following details:

  • Network Name: Core Chain
  • New RPC URL: https://rpc.coredao.org/
  • Chain ID: 1116
  • Currency Symbol: CORE
  • Block Explorer URL: https://scan.coredao.org/
  • Click “Save” to add the Core Chain network.

4.Connect to Archerswap: Visit the Archerswap website and click on “Connect Wallet.” Select MetaMask and approve the connection.

How to Trade on Archerswap

1.Connect Your Wallet: Ensure your MetaMask wallet is connected to the Core Chain network and Archerswap.

2.Navigate to the Exchange: Click on “Trade” to go to the Archerswap exchange page.

3.Select Tokens: Choose the tokens you want to swap from the dropdown menus.
4.Enter Amount: Input the amount of the token you want to trade.
5.Review Details: Check the transaction details, including the estimated amount you will receive and the trading fee.
6.Confirm Swap: Click “Swap” and confirm the transaction in MetaMask. Wait for the transaction to be processed on the blockchain.

How to Add/Remove Liquidity

1.Connect Your Wallet: Ensure your MetaMask wallet is connected to the Core Chain network and Archerswap.
2.Navigate to Liquidity Pools: Go to the liquidity section on Archerswap.

3.Add Liquidity:

• Click “Add Liquidity.”
• Select the token pair you want to provide liquidity for.
• Enter the amount of each token and approve it.
• Click “Supply” and confirm the transaction in MetaMask.

4.Remove Liquidity:

• Go to the “Your Liquidity” section.
• Select the liquidity pool you want to remove liquidity from.
• Click “Remove” and choose the amount to withdraw.
• Confirm the transaction in MetaMask.

How to Stake in Yield Farms

1.Connect Your Wallet: Ensure your MetaMask wallet is connected to the Core Chain network and Archerswap.

2.Navigate to Yield Farms: Go to the yield farming section on Archerswap.
3.Select a Farm: Choose the yield farm you want to stake in.
4.Approve Contract: Click “Approve Contract” to allow the contract to interact with your tokens.

5.Stake Tokens: Enter the amount of LP tokens you want to stake and click “Stake.” Confirm the transaction in MetaMask.

How to Stake in Staking Pools

1.Connect Your Wallet: Ensure your MetaMask wallet is connected to the Core Chain network and Archerswap.
2.Navigate to Staking Pools: Go to the staking pools section on Archerswap.

3.Select a Pool: Choose the staking pool you want to participate in and unlock wallet.
4.Approve Contract: Click “Approve Contract” to allow the contract to interact with your tokens.
5.Stake Tokens: Enter the amount of tokens you want to stake and click “Stake.” Confirm the transaction in MetaMask.

How to Use BowPad

1.Connect Your Wallet: Ensure your MetaMask wallet is connected to the Core Chain network and Archerswap.
2.Navigate to BowPad: Go to the BowPad section on Archerswap.
3.Participate in Token Sales:

• Browse the available token sales.
• Select the token sale you want to participate in.
• Enter the amount of CORE you want to contribute.
• Confirm the transaction in MetaMask.

4.Claim Tokens: After the token sale ends, claim your tokens from the BowPad section.

Archerswap Tokenomics

The $BOW Token

The $BOW token is the native utility token of Archerswap, central to its ecosystem. It facilitates trading, staking, and earning rewards on the platform. The total supply of $BOW is 18,921,600 tokens and is distributed thus;

• LP Farming Rewards: 11,352,960 $BOW
• NFT Rewards: 567,648 $BOW
• xBOW Rewards: 3,784,320 $BOW
• Trade Mining Rewards: 378,432 $BOW
• Dev/Marketing: 1,892,160 $BOW
• Ecosystem (Preminted): 946,080 $BOW

$HUNT Token

$HUNT is a next-generation $CORE reward token within the Core Chain ecosystem. It has a total supply of 1,000,000 tokens, with 4% of every transaction made with $HUNT redistributed to holders as $CORE rewards. The distribution of $HUNT is as follows:

• Private Sale: 200,000
• Public Sale: 300,000
• Initial Liquidity: 250,000
• $BOW Staking: 50,000
• DAO Fund: 100,000
• Team: 100,000

Utilities of $HUNT

• Storage of Wealth: With a limited supply of 1,000,000 tokens, $HUNT is designed to be a scarce asset. If each holder possesses 100 $HUNT, only 10,000 holders are needed to utilize the token, potentially driving up its value fully.
• Whitelist for Launchpad: The amount of $HUNT held will determine eligibility for launchpad events, adjusted according to the token’s price.
• Passive Income: By holding $HUNT, users receive $CORE rewards, providing a steady income stream.
• Staking: Users can stake $HUNT to earn $BOW, offering an alternative to the reflection rate, especially during periods of low transaction volume.

Conclusion

Archerswap is a decentralized exchange on the Core Chain that solves common DEX issues with low slippage, high liquidity, and an easy-to-use interface. It offers a variety of products like yield farms, liquidity pools, staking options, and NFTs, enabling users to earn rewards and engage with the ecosystem. The platform’s tokenomics, featuring $BOW and $HUNT tokens, support sustainable growth and active user participation. With its features and strong security, Archerswap is an excellent choice for both new and experienced crypto users, driving the adoption of decentralized finance on the Core Chain.