Magnetic

Magnetic

Magnetic X
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About

Magnetic is a comprehensive decentralized exchange (DEX) operating on the XRP Ledger (XRPL), offering users a unified platform to engage in various decentralized finance (DeFi) activities. Users can trade tokens, participate in automated market maker (AMM) pools, and earn rewards through farming. The platform also supports the buying and selling of non-fungible tokens (NFTs) and features a "Memepad" for launching and engaging with memecoins. Magnetic emphasizes user convenience by providing classic trading tools, a user-friendly swap feature, and additional functionalities like a dice game and token bridge. By integrating these diverse services, Magnetic aims to cater to a wide range of user needs within the XRPL ecosystem, enhancing accessibility and engagement in the DeFi space.

About

SofaSwap is a decentralized coin-margined futures trading protocol that can stake arbitrary tokens issued by ETH, HECO, and BSC as margin, and stake tokens as a settlement currency. SofaSwap consists of three roles, the positive Trader (high income with high risk ), the passive market Maker (medium income with medium risk) and Farmer (low income with 0 risk), who stakes tokens to provide liquidity. The number of tokens can be increased or decreased through the transactions among the three. SofaSwap has opened the single-token lock-up mining, and the profit from lock-up is the original tokens. The profit depends on the length of the lock-up period, the principal remains unchanged,and without risk. During the transaction, 60% of the fees goes to the market maker LP, 30% goes to the user platform operation, and 10% goes to LP, by which to increase the value of SOFA tokens. SofaSwap aims to solve the rigid demand for hedging and increase the value of low-liquidity tokens.

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Platforms Supported

Windows
Mac
Linux
Cloud
On-Premises
iPhone
iPad
Android
Chromebook

Audience

Traders on the XRPL network

Audience

Crypto users and individuals looking for a decentralized coin-margined trading protocol

Support

Phone Support
24/7 Live Support
Online

Support

Phone Support
24/7 Live Support
Online

API

Offers API

API

Offers API

Screenshots and Videos

Screenshots and Videos

Pricing

Free
Free Version
Free Trial

Pricing

No information available.
Free Version
Free Trial

Reviews/Ratings

Overall 1.0 / 5
ease 1.0 / 5
features 1.0 / 5
design 1.0 / 5
support 1.0 / 5

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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Training

Documentation
Webinars
Live Online
In Person

Training

Documentation
Webinars
Live Online
In Person

Company Information

Magnetic X
Founded: 2022
xmagnetic.org

Company Information

Sofa Swap
Founded: 2021
www.sofa.pub/

Alternatives

Alternatives

Sologenic DEX

Sologenic DEX

Sologenic

Categories

Categories

Integrations

BNB Smart Chain (BSC)
Crossmark
Ethereum
GemWallet
MetaMask
Telegram
XRP Ledger (XRPL)
Xaman

Integrations

BNB Smart Chain (BSC)
Crossmark
Ethereum
GemWallet
MetaMask
Telegram
XRP Ledger (XRPL)
Xaman
Claim Magnetic and update features and information
Claim Magnetic and update features and information
Claim Sofa Swap and update features and information
Claim Sofa Swap and update features and information