DogeCubeX is a centralized decentralized exchange (cDEX) operating on the Radix Network. It provides users with a platform to buy and sell various listed tokens directly from their Radix wallets. DogeCubeX employs an Automated Market Maker (AMM) mechanism, which offers a dynamic price based on the order size and current market conditions. The project was initiated from the Radix first memecoin, DogeCube.
Overview
The functionality of DogeCubeX is user-friendly and efficient. To execute a swap, users send their tokens to the specified pool address. Within approximately five seconds, DogeCubeX sends the swapped tokens back to the user's wallet.
The exchange rate is determined by a simple formula, identical to Uniswap v2, and it depends on the sent amount and available liquidity. While sending tokens, users have the option to add a message that will specify refund conditions in the event of a sudden price change.
Fees and Limits
Typically, the fee applied to each swap consists of three parts:
- Pool Fee (0.5%): Reward for liquidity providers supplying tokens to the pool.
- Exchange Fee (0.5%): Supports the operation of DogeCubeX.
- Transfer Fee (0.1 XRD): Covers the Radix Network fee for transferring tokens back to the user.
In cases where a swap fails (e.g., sudden price change and insufficient sent amount for purchase), only the Transfer Fee is applied. However, if the swap fails due to user error (e.g., encrypted message, request for a token not in the pool, overly high amount), a Refund Fee of 0.5 XRD is applied.
DogeCubeX also implements order limits to prevent spamming. The minimum order is 1 XRD and the maximum is 500 XRD. These limits are higher for DogeCube Node stakers. Orders that fall outside these parameters are refunded, with an additional fee applied. However, larger amounts can be swapped by splitting them into multiple transactions.
Supported Tokens
DogeCubeX continuously adds new tokens from high-demand and reliable projects. These tokens, along with their current prices, are listed on the DogeCubeX website.
How to Swap
To execute a swap, users must fill out their order on the Swap page and follow the given instructions. After sending the specified XRD amount to the pool account, users receive the swapped tokens in their wallet almost instantly.
Additional Cost
In addition to the swap cost, a fee of 1% and a small 0.1 XRD fee (to cover Radix Network transaction costs) are charged.
Community Engagement
Users can ask questions or engage with the DogeCubeX team through their official Telegram group. The team is known for its reliable service and user-friendly approach to trading Radix tokens.