Today we are excited to announce that the MyBit Token (MYB) has successfully been integrated with UniSwap.
UniSwap is a new platform gaining a lot of attention for decentralised token swaps. It allows anyone to convert one token to another in a trustless and permissionless manner. It is very similar to Kyber.Network, except it does not have its own native currency.
At MyBit, we do not believe in centralised exchanges (or crypto banks as we like to call them). The act of relinquishing control of one’s crypto to a centralised institution directly undermines our vision of a decentralised, cryptocurrency driven future. This is why we are very excited for MYB to be integrated with UniSwap.
To swap tokens via UniSwap, head over to https://uniswap.exchange/swap. On some of your browsers, MYB may not show up in the dropdown search. If this occurs please just paste the token contract address: 0x5d60d8d7eF6d37E16EBABc324de3bE57f135e0BC and MYB will then appear and be enabled for swaps to and from other tokens once you approve via metamask.
What’s great about UniSwap is that any holders of MYB can also receive transaction fees from those using uniswap by adding liquidity to the MyBit Token (MYB) market. To do this, simple go to https://uniswap.exchange/add-liquidity and add in a proportionate amount of ETH and MYB (based on current exchange rates) and confirm in metamask. That’s it, now sit back and automatically receive fees for transactions on this market, it’s that simple! At any time you can also choose to withdraw the liquidity you provided back to your own wallet, and by doing so you will no longer receive any fees from transactions.