# Introduction Welcome to the World of Revoswap, a first-of-its-kind Defi ecosystem on X Layer Network powered by OKX
[Revoswap](https://revoswap.com) is X Layer chain's first and preferred automated market maker (AMM) decentralized exchange (DEX), committed to creating a smooth and friendly user experience for all types of traders. Revoswap is one of the dapp selected by X Layer team to participate in their closed beta launch of their Mainnet. Users can use the platform to trade, yield farm, take part in launchpad activities, or all. ### Decentralized Trade directly from your wallet app. Revoswap does not hold your crypto when you trade, and you have full ownership of your own funds. Not your wallet, not your funds. We believe in full decentralization in all aspects of defi! ### Automated Market Maker In traditional market makers, centralized entities manage and govern these market-making mechanisms. Revoswap uses automated market making, meaning it is powered by liquidity provided from users, who are incentivized in to do so in exchange for a share of transaction fees and free tokens. Users are the main liquidity provider of the platform and traders can swap through these pools with fees being returned back to those liquidity providers without the need of a centralized exchange. With everything built on chain, all transactions are transparent and trustable. ### Low Transaction Costs Revoswap is built on [X Layer](https://www.okx.com/xlayer/docs/getting-started/welcome/welcome-to-xlayer), a Zero-Knowledge (ZK) Ethereum Layer 2 built with the Polygon Chain Development Kit (CDK) as part of a strategic collaboration between OKX and Polygon Labs. This means that transaction fees are low, and you can perform functions at a much lower cost than on Ethereum. Revoswap thus also takes less trading fees! With low transaction fees and a fast speed, we are able to provide an efficient and wonderful experience for our users! # Get started Revoswap is committed to creating a smooth and friendly user experience for all types of traders. Trading, farming, protocol governance and referrals are some of the features Revoswap will be introducing over time.
If you are completely new to crypto or the X Layer chain, read our guide on setting up your non-custodial wallet and bridging [here](/community/creating-a-wallet). If you are already an experienced user, go on to read about our roadmap. Remember to kickstart your revolution by claiming some tokens via our [faucet](/products-and-features/faucet). # Roadmap
Below is a list of features that will be built as part of our roadmap. This is non-exhaustive, and subject to changes depending on various factors. Some initiatives may not be mentioned beforehand due to security and confidentiality. ### Trade * [x] Swap * [x] Liquidity Pairing ### Earn * [x] Yield Farms (Various farms to be added over time) * [x] Pools (Various pools to be added over time) ### Participate * [ ] $REVO Launchpad and airdrop * [ ] IFOs with external projects ### Referrals * [ ] Referral System for members ### Governance * [ ] (Coming Soon) ### Others * [ ] Coinmarketcap Listing * [ ] Coingecko Listing * [ ] Defillama Listing * [ ] CEX Listing * [ ] $REVO Integration with partner projects * [ ] Additional features * [ ] Defi NFT collection * [ ] Limit Order / Stop Loss # $REVO Token # Decentralised Exchange Revoswap is an AMM DEX on X Layer committed to creating a good user trading experience. The Revoswap Exchange offers several features: ### Swapping/Trading Revoswap allows users to trade tokens while holding full custody of their funds. No centralised entity is involved. ### Liquidity Pools Users provide liquidity into liquidity pools on Revoswap, which then allows other users to facilitate swapping of tokens. If there is insufficient liquidity added for the token(s) you want to swap, it will be expensive or difficult to do so. Users may suffer from [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained) that comes along with locking in of liquidity. ### Yield Farming Providing liquidity for the exchange to use will get you Liquidity-Pair (LP) Tokens, which you can lock into a smart contract to earn $REVO rewards from trading fees. This is called Yield Farming. # Swap / Trade Token Swaps are done easily on Revoswap. Trade one token for another via automated liquidity pools that are provided by users. Revoswap uses V2 liquidity pools, and applies a fixed 0.25% trading fee to each transaction. ### Setting Up If you are new to X Layer or cryptocurrency in general, you can get started with our guides. You will need to get some tokens into your wallet. ### How to Swap To trade, simply head to our site and click on the 'Swap' tab. It should bring you to this view:
Select which tokens you wish to trade. Take note of the slippage percentage at the bottom, in this case, 0.5%. {% hint style="info" %} Slippage is experienced when the price of an order executes at a different price than you expected. Due to the volatility and liquidity of cryptocurrency, the price of an asset can fluctuate depending on trade volume and activity, and users may experience slippage. {% endhint %} # Liquidity Pools Swapping is enabled only when there is liquidity, and thereby exists the need for liquidity pools. ## What are Liquidity Pools? When users provide liquidity, two tokens are provided simultaneously in equal USD values at the point in time. This forms a liquidity-pool of the two tokens, which enables users to swap these tokens on Revoswap. Swapping is difficult, expensive or impossible when there is insufficient liquidity for the tokens. Thus, by providing liquidity, you receive LP tokens, which earns you rewards in the form of trading fees. # Add/Remove Liquidity Liquidity is crucial in every Defi protocol. In Revoswap's case, liquidity is provided in the form of liquidity pools, which is when two tokens are provided at the same time in equivalent USD values.
{% hint style="info" %} Before you begin, make sure you have sufficient tokens in your wallet that you wish to create a liquidity pair with. If not, you can bridge funds in with our bridging guide [here](/community/bridging). {% endhint %} ## Providing/Adding Liquidity Forming a liquidity pair is easy on Revoswap. Perform the following steps to create a liquidity-pair: 1. Head to 'Liquidity' tab on our site. 2. Choose the token pair that you wish to create a liquidity-pair with, for example OKB + USDT. 3. Select the amount you wish to provide. Equal values of both tokens will be needed to pair 4. Click Provide. Stake your liquidity-pair to earn $REVO. Click [here](/products-and-features/yield-farming). ## Withdrawing/Removing Liquidity Perform the following steps to remove liquidity: 1. Head to 'Liquidity' tab on our site. 2. Choose the token pair that you wish to remove a liquidity-pair with, for example OKB + USDT. 3. Select the amount you wish to remove. Equal values of both tokens will be removed at the same time. 4. Click Withdraw. # Yield Farming Users can earn $REVO by yield farming. ### What is Yield farming? Yield farming allows users to stake a [liquidity-pair](/products-and-features/decentralised-exchange/add-remove-liquidity) they have formed and earn $REVO, Revoswap's native token. This incentivizes users to provide liquidity. A liquidity-pair can only be staked in its specific farm. # How to Yield Farm
### How do I yield farm? 1. Head to ['Farms' tab on our site.](https://revoswap.com/farms) 2. Select the farm you wish to stake with the dropdown button. 3. Select the amount of LP you wish to stake. You're now earning yields. # Initial Farm Offering (IFO) ### Initial Farm Offerings (IFOs) An Initial Farm Offering is an event that lets users buy into a limited-time offer to purchase new tokens from new projects. This is also known as a launchpad. **You will need** $REVO **to p**articipate in IFOs. You can purchase $REVO tokens to participate in IFOs. Take note of the following pre-requisites: Upon completion, you will receive the project tokens, and the project will receive $REVO tokens. Subject to each IFO, a portion of $REVO may be burnt. {% hint style="info" %} Revoswap protects our community to the best of our abilities. We go through KYB processes with founding teams of new projects that wish to launch IFOs with us to help identify safer, more promising projects for users to participate in. However, it is crucial that community members do their own research about the project and founding team before participating in any IFOs. {% endhint %} # How to Participate in an IFO Participating in an IFO is easy on Revoswap. #### **Before Sale:** * Make sure you have sufficient $REVO tokens that you wish to take part with. **During Sale:** * While the sale is live, commit your $REVO tokens to buy the IFO tokens. **After Sale:** * When the sale is complete, claim the IFO tokens you've bought and your remaining $REVO tokens if any. * In the case of an IFO with token vesting, come back to the IFO page throughout the vesting period to claim the released tokens until the end of the vesting period. # The "Overflow" Sale Method Most, if not all of our IFOs will be run using the "Overflow" sale method. ### **What is the “Overflow” sale method?** In the “Overflow” method, users can subscribe as much or as little as they want to the IFO, and their final allocation will be based on: **Scenario 1: If the IFO raises all the targeted amount and more:** The amount of funds they put in as a percentage of all funds put in by other users at the time the sale ends. Users will receive back any leftover funds when they claim their tokens after the sale. **Scenario 2: If the IFO does not raise all the targeted amount:** The sale will proceed as normal, and all funds contributed will be spent. Basically, the more you put in, the more you will get, and you’ll get back anything that doesn’t get spent. \ Note that it is **possible to receive no tokens at all** if you only commit a very small amount of tokens compared to the total funds committed by others. You will still be able to reclaim all the $REVO tokens you committed. # Partner with us If you have a promising project, you can apply to launch an IFO with us. Revoswap's IFO structure is devised to benefit both project and community. Contact us [here](/community/social-media-accounts). # X Sales A rug-proof decentralised launchpad built on X-Layer to automate TGE on Revoswap X Sales is an automated platform designed to facilitate TGE & eventual DEX listings of new projects on X Layer, while removing the middleman risk during the crowdfunding process. Our platform enables users to create their ERC20 tokens through Revoswap, raise funds, and lock their token liquidity on Revoswap DEX. Developers can easily setup fund-raising trustlessly and need not worry about building and auditing their own launchpad contracts and UI. ### For users: You can expect the risk of funds misappropriation to be reduced significantly, as Revoswap acts as the facilitator (via the use of smart contracts) between new projects and investors. Upon completion of presales, liquidity will be automatically formed and burnt via the DEAD address. This effectively ‘locks’ in the LP of the project, ensuring that project teams will never be able to pull liquidity from the project to rug. Token allocations are made fully transparent as developers will need to key in the amounts split between community, team, and liquidity allocations. All these details are transparently written onto X-Layer such that anybody can verify these details. After a presale concludes, users will be able to claim their allocated tokens and trading will commence. {% hint style="warning" %} X Sales projects are highly speculative and price volatility is expected after open market trading. Users are expected to do your own due diligence before investing into any projects. {% endhint %} ### For projects: For developers, the process is straightforward for you to create and launch a project, without the need for much technical knowledge. All you have to do is worry about building your product! There are two different sale variations: Overflow or First Come First Served (FCFS). Our user interface enables developers to launch within minutes by deciding and inputting select information into some fields: 1. Vital token information such as Name, Symbol, Supply 2. Percentages to be allocated to Liquidity, Presales, Private Sales, Marketing & Ops etc 3. Start and End time of launchpad 4. Overflow or FCFS format 5. External meta information such as Logo url, Github url, Twitter url , Telegram Group link etc. (Please make sure logo is hosted on a speedy enough hosting and of `.png` or `.webp` format ideally) A standard ERC20 token (OpenZeppelin implementation) will be created, minted, and custodied in the presale factory. Users can start committing WOKB tokens to secure an allocation once the sales timer begins. At the end of the sale, a launch button will be available for project teams to trigger, and liquidity will be automatically formed on Revoswap. Users can start claiming their allocations. ## Overflow vs FCFS format
### **Overflow:** In this method, if the total contributions exceed the maximum amount, then each user would receive a fraction of the tokens proportional to their contribution in relation to the total contributions. This ensures that everyone who committed gets a portion of the tokens, but potentially less than what they initially aimed for. ### **FCFS**: In this method, users are processed in the order they are received (using the validity range as a marker of sequence). Once the maximum amount is reached, subsequent contributions are returned in full. Early birds get exactly what they commit to, while late user might get nothing. In the event the goal isn't reached, the launchpad will be deemed unsuccessful and full refunds will be returned to the user. ## Technicals ### Protocol parameters * For the time-being, we will be allowing a max of 1 pre-sale to be launched every day. Once liquidity and TVL flows into X-Layer, we will allow to increase the frequency of pre-sales. * ERC20 tokens are the most basic implementations possible with no additional functions added. Revoswap team will add new audited token standards in the future, such as tax-ed tokens, reflection tokens etc. ### Smart Contracts Presale Factory: `0xC46b4c02d17959700a2Cd5c2b3623E8E6A213033` # Faucet \ As part of our contribution to the X Layer community, we have built and sponsored a faucet to be used by every user on the X Layer community. Up to 1,000 claims can be made a day. Its limited to 1 time per wallet address\ \
# Referral
Earn Additional 1% of the referree's earnings when you refer them. You can only be referred by 1 user and you can not change who referred you after its been activated. The last referral link you click before your farm deposit, will trigger and lock in the referral. # Creating a wallet Revoswap can be accessed with two main non-custodial wallet options: OKX Wallet and Metamask. 1. Download [OKX Wallet](https://www.okx.com/download) or [Metamask Wallet](https://metamask.io/download/). Both desktop and mobile options are available. {% hint style="info" %} #### Comprehensive Guides (If required): #### OKX Wallet: #### Metamask Wallet: {% endhint %} 2. Head to and connect your wallet to either OKX or Metamask at the top right hand corner of the site. # Bridging
You can bridge funds into the X Layer chain here: [https://www.okx.com/xlayer/bridge](< https://www.okx.com/xlayer/bridge>) # Social Media Accounts Follow us on our official social media accounts here: Telegram: Twitter: [https://twitter.com/revoswap\_](https://twitter.com/Revoswap_) {% embed url="\_" %} > There may be other social media groups or accounts impersonating us. Please be cautious and always check with our official accounts list above. # Audits Revoswap is committed to building trust and credibility among our users. We will be undergoing a full audit with one of the reputable companies upon full development of the smart contracts. Please check back on this page when we have more updates.\ \ Our project is a direct fork of PancakeSwap and they have already gone through [multiple audits](https://docs.pancakeswap.finance/readme/audits) and this will ensure that users are trading on an already battle-tested platform that have existed for years. # Analytics
View Revoswap's native analytics site here: # How to get OKB? OKB is the native token of X Layer, as well as the cryptocurrency that powers the OKX ecosystem. You can trade OKB like any other cryptocurrency, and can also use OKB in a wide range of applications and use cases. OKB is an ERC-20 token on the Ethereum network and can be bridged to X Layer at a 1:1 ratio. Contract address on Ethereum: 0x75231f58b43240c9718dd58b4967c5114342a86c ## There are a few ways of getting OKB. 1. Purchase OKB on Centralized Exchanges (OKX, Gate.io, BitMart etc.,) and bridge it to X Layer 2. Purchase OKB on-chain DEX (OKX DEX, Uniswap v3. Ethereum) 3. Claim mainnet faucet on projects available on X Layer (Revoswap). # Official Contract Addresses This page provides links or locations for Revoswap's smart contracts. ## Main contracts {% hint style="info" %} XPOINT: 0x4257e9E4355e4D5Fe5f7ca300713C9CD0e3260a9 {% endhint %} {% hint style="info" %} SmartRouter: 0x8664a98680a35D12B6da2434457D27E376efc03F {% endhint %} {% hint style="info" %} RouterV2: 0x5040d46386E62f9F66246DBCE6a9965e3BC013F9 {% endhint %} {% hint style="info" %} V3Factory: 0x47CdeCafBA3960588d79a328c725c3529d4eC081 {% endhint %} {% hint style="info" %} V2Factory: 0xa38498983e7b31DE851e36090bc9D1D8fB96BE5E {% endhint %} ## Farm contracts {% hint style="info" %} OKB Pool: 0x914999e85dcB3Be217C4635563bF143aCe6A9dB6 {% endhint %} # Terms and Conditions Please read this Agreement carefully as it governs your use of the Interface. Revoswap, a website-hosted user interface with the link Revoswap.com (the "Interface" or "App") provides access to a decentralized protocol on X layer, a L2 chain on OKX. Revoswap allows users to trade certain compatible digital assets (“the "Protocol") on the Interface. Access to the Interface is done via connection of a non-custodial wallet software, which allows users to interact with public blockchains and conduct blockchain transactions. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service of the respective third party, not this Terms of Service Agreement (the "Agreement"). This Agreement explains the terms and conditions by which you may access and use the Interface. You must read this Agreement carefully. By accessing or using the Interface, you signify that you have read, understand, and agree to be bound by this Agreement in its entirety. If you do not agree, you are not authorized to access or use the Interface and should not use the Interface. **NOTICE: Please read this Agreement carefully as it governs your use of the Interface. This Agreement contains important information, including a binding arbitration provision and a class action waiver, both of which impact your rights as to how disputes are resolved. The Interface is only available to you — and you should only access the Interface — if you agree completely with these terms.** 1. Modification of this Agreement\ We reserve the right, in our sole discretion, to modify this Agreement from time to time. If we make any modifications, we will notify you by updating the date at the top of the Agreement and by maintaining a current version of the Agreement at Revoswap’s terms of services section. All modifications will be effective when they are posted, and your continued accessing or use of the Interface will serve as confirmation of your acceptance of those modifications. If you do not agree with any modifications to this Agreement, you must immediately stop accessing and using the Interface.
2. Eligibility\ To access or use the Interface, you must be able to form a legally binding contract with us. Accordingly, you represent that you are at least the age of majority in your jurisdiction (e.g., 18 years old in the United States) and have the full right, power, and authority to enter into and comply with the terms and conditions of this Agreement on behalf of yourself and any company or legal entity for which you may access or use the Interface. You further represent that you are not (a) the subject of economic or trade sanctions administered or enforced by any governmental authority or otherwise designated on any list of prohibited or restricted parties (including but not limited to the list maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury) or (b) a citizen, resident, or organized in a jurisdiction or territory that is the subject of comprehensive country-wide, territory-wide, or regional economic sanctions by the United States. Finally, you represent that your access and use of the Interface will fully comply with all applicable laws and regulations, and that you will not access or use the Interface to conduct, promote, or otherwise facilitate any illegal activity.
3. Proprietary Rights\ We own all intellectual property and other rights in the Interface and its contents, including (but not limited to) software, text, images, trademarks, service marks, copyrights, patents, and designs. This intellectual property is available under the terms of our copyright licenses and our Trademark Guidelines.
4. Additional Rights\ We reserve the following rights, which do not constitute obligations of ours: \ (a) with or without notice to you, to modify, substitute, eliminate or add to the Interface; \ (b) to review, modify, filter, disable, delete and remove any and all content and information from the Interface; and\ (c) to cooperate with any law enforcement, court or government investigation or order or third party requesting or directing that we disclose information or content or information that you provide.
5. Privacy\ When you use the Interface, the only information we collect from you is your blockchain wallet address, completed transaction hashes, and the token names, symbols. We do not collect any personal information from you (e.g., your name or other identifiers that can be linked to you). We do, however, use third-party service providers which may receive or independently obtain your personal information from publicly-available sources. We do not control how these third parties handle your data and you should review their privacy policies to understand how they collect, use, and share your personal information. By accessing and using the Interface, you understand and consent to our data practices and our service providers' treatment of your information.\ We use the information we collect to detect, prevent, and mitigate financial crime and other illicit or harmful activities on the Interface. For these purposes, we may share the information we collect with blockchain analytics providers. We share information with these service providers only so that they can help us promote the safety, security, and integrity of the Interface.\ Please note that when you use the Interface, you are interacting with public blockchains, which by nature may provide transparency into your transactions. Revoswap does not control and is not responsible for any information you make public on blockchains by taking actions through the Interface.
6. Prohibited Activity You agree not to engage in, or attempt to engage in, any of the following categories of prohibited activity in relation to your access and use of the Interface: * *Intellectual Property Infringement.* Activity that infringes on or violates any copyright, trademark, service mark, patent, right of publicity, right of privacy, or other proprietary or intellectual property rights under the law. * *Cyberattack*. Activity that seeks to interfere with or compromise the integrity, security, or proper functioning of any computer, server, network, personal device, or other information technology system, including (but not limited to) the deployment of viruses and denial of service attacks. * *Fraud and Misrepresentation*. Activity that seeks to defraud us or any other person or entity, including (but not limited to) providing any false, inaccurate, or misleading information in order to unlawfully obtain the property of another. * *Market Manipulation*. Activity that violates any applicable law, rule, or regulation concerning the integrity of trading markets, including (but not limited to) the manipulative tactics commonly known as “rug pulls”, pumping and dumping, and wash trading. * *Securities and Derivatives Violations*. Activity that violates any applicable law, rule, or regulation concerning the trading of securities or derivatives, including (but not limited to) the unregistered offering of securities and the offering of leveraged and margined commodity products to retail customers in the United States or other regions in your jurisdiction that do not permit such activities. * *Any Other Unlawful Conduct*. Activity that violates any applicable law, rule, or regulation of the United States or another relevant jurisdiction, including (but not limited to) the restrictions and regulatory requirements imposed by U.S. law. 7. Not Registered with the SEC or Any Other Agency\ We are not registered with the U.S. Securities and Exchange Commission as a national securities exchange or in any other capacity.
8. Non-Solicitation and No Investment Advice\ You agree and understand that:\ (a) all trades you submit through the Interface are considered unsolicited, which means that they are solely initiated by you;\ (b) you have not received any investment advice from us in connection with any trades.
9. Non-Custodial and No Fiduciary Duties\ The Interface is a purely non-custodial application, meaning you are solely responsible for the custody of the cryptographic private keys to the digital asset wallets you hold. This Agreement is not intended to, and does not, create or impose any fiduciary duties on us. To the fullest extent permitted by law, you acknowledge and agree that we owe no fiduciary duties or liabilities to you or any other party, and that to the extent any such duties or liabilities may exist at law or in equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated. You further agree that the only duties and obligations that we owe you are those set out expressly in this Agreement.
10. Compliance and Tax Obligations\ The Interface may not be available or appropriate for use in your jurisdiction. By accessing or using the Interface, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you. Specifically, your use of the Interface or the Protocol may result in various tax consequences, such as income or capital gains tax, value-added tax, goods and services tax, or sales tax in certain jurisdictions. It is your responsibility to determine whether taxes apply to any transactions you initiate or receive and, if so, to report and/or remit the correct tax to the appropriate tax authority.
11. Assumption of Risk\ By accessing and using the Interface, you represent that you are financially and technically sophisticated enough to understand the inherent risks associated with using cryptographic and blockchain-based systems, and that you have a working knowledge of the usage and intricacies of digital assets which include so-called stablecoins and other digital tokens such as those following the Ethereum Token Standard (ERC-20). In particular, you understand that the markets for these digital assets are nascent and highly volatile due to risk factors including (but not limited to) adoption, speculation, technology, security, and regulation. You understand that anyone can create a token, including fake versions of existing tokens and tokens that falsely claim to represent projects, and acknowledge and accept the risk that you may mistakenly trade those or other tokens. So-called stablecoins may not be as stable as they purport to be, may not be fully or adequately collateralized, and may be subject to panics and runs. 12. Further, you understand that smart contract transactions automatically execute and settle, and that blockchain-based transactions are irreversible when confirmed. You acknowledge and accept that the cost and speed of transacting with cryptographic and blockchain-based systems are variable and may increase dramatically at any time. In summary, you acknowledge that we are not responsible for any of these variables or risks and cannot be held liable for any resulting losses that you experience while accessing or using the Interface. Accordingly, you understand and agree to assume full responsibility for all of the risks of accessing and using the Interface to interact with the Protocol.