Hello everyone! DSWAP.TRADE is Hive’s decentralized trading tool built on Hive-Engine. It offers a unique way for users to buy tokens automatically over time through its Dollar-Cost Averaging (DCA) feature. Instead of manually placing buy orders each time, the DCA function allows users to automate token purchases by setting up a time-based schedule. I tested this feature by buying COLONY tokens and spending Hive. First, I converted some Hive to Swap.Hive to ensure that I have enough Swap.Hive to buy COLONY.
I divided my DCA Pool order by five every twelve hours. I chose DCA pools since it seems it's easier to buy from the pool than the market. The interface is easy to use and intuitive. You don't need to be an expert or have advanced to knowledge to get the hang of it. Just input the token you want to spend, in my case Swap.Hive. Then the token you want to buy, for me it's COLONY. Then the number of orders you want and by how much it will be divided (minutes, hours, days). Approve the transaction via Hive Keychain and that's it!
Since I set my DCA Pool order to buy Colony tokens and spend one Hive for five times every twelve hours, it will take two and a half days to complete my order. The DCA tool automatically uses the current pool rate to execute each trade once every twelve hours. It distribute the buys and help reduce the impact of price volatility. This approach is ideal for buyers who want to acquire a lot of tokens and who want to build a position over time without having to worry about market timing or logging in daily.
Another benefit is that the DSWAP interface provides a clean dashboard showing trade history, pool balances, and upcoming DCA executions. After using it myself, I can attest that the interface is seamless and requires no complicated step or advanced knowledge to use.
For Hive users looking to accumulate tokens like COLONY, LEO or others tokens on a regular basis and automatically, DSWAP’s DCA feature is a great alternative. It's automatic, hands-off and you need not worry about wild price movements.
You can visit DSWAP at the following link: https://dswap.trade/