2024-08-07 13:43:54Bybit DEX Pro is a revolutionary decentralized exchange platform that elevates your on-chain trading experience with its enhanced features and functionalities. Currently, it seamlessly supports over 1,000,000 tokens across nine (9) prominent blockchains, including Solana, Ethereum, BNB Chain, Base, Polygon, Arbitrum One, Optimism, ZKSync Era, and Avalanche (C-Chain).
DEX Pro offers comprehensive features.
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Token Exploration: Dive into the world of over 1,000,000 tokens across nine (9) leading blockchains — all within a single, user-friendly interface.
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Effortless Token Swap: Based on the swap functionality, DEX Pro enables swift and seamless swap features across different networks.
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Enhanced Market Insights: Gain valuable insights with DEX Pro's minute-based candlestick charts, providing you with real-time on-chain trends and price movements.
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Token Fundamentals at Your Fingertips: Access comprehensive token information, including project details, tokenomics, and whitepapers, to make informed investment decisions.
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On-Chain Transaction Tracking: Stay up-to-date with the latest on-chain transactions for your favorite tokens.
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Robust Token Security Monitoring: DEX Pro's rigorous token security monitoring system detects risks in smart contracts and ensures the security of your assets.
Features
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a. Real-Time Price Movement |
Offers 1-minute candlestick charts to gain insights into market trends. |
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b. On-Chain Transaction Records |
View all major blockchains' transaction records for a specific token, presented in real-time with the option to filter by transaction amount. |
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c. Historical Orders |
Easily access your order history for specific tokens and seamlessly redirect to view transaction details on-chain. |
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d. Token Information |
View token fundamentals such as the network, contract address, total supply, liquidity, top holders, and Fully Diluted Market Capitalization (FDMC).
FDMC is a variant of market cap that takes into account the maximum possible number of tokens that can exist. |
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e. Security Check |
Leverage DEX Pro's third-party integration to assess a token's security posture. Be cautious with tokens that are not open-source or identified as potential honeypots, as these usually carry higher risks.
The security check results are provided by a third party and should be used for informational purposes only. Always conduct your own research before investing in any token. |
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f. On-Chain Transaction Data |
Compare the trading volume and number of orders between bullish and bearish cycles in the various time frame. |
Security Check Key Terms
DEX Pro's Security Check analyzes tokens from various perspectives to assess their potential security risks. You can find these indicators located on the last panel to the right of the website and on the second card below the Buy/Sell section on the App.
Here are the detailed descriptions of the security indicators:
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Open Source |
The source code of the project’s smart contract is publicly available for anyone to inspect and contribute to. Open source fosters transparency and trust in the contract’s functionality. Unverified contracts, on the other hand, may contain hidden mechanisms and are highly risky. |
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Honeypot |
A type of smart contract designed to trap traders by attracting them with the promise of high returns but making it impossible for them to withdraw their funds. Smart contracts that are detected as potential honeypots may contain malicious code or functions that render the tokens unsellable. |
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Buy/Sell Tax |
A type of smart contract containing codes that embed an innate on-chain tax whenever someone buys or sells the token. During a transaction, a percentage of the tokens bought or sold is automatically transferred to a preset address, essentially taxing the traders. |
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Proxy Contract |
A proxy contract is an intermediary contract that delegates calls to another smart contract known as the 'implementation' contract. When you intend to interact with the underlying 'implementation' contract, you must do so through the proxy, which may present potential risks. |
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Mintable |
A function embedded in the smart contract that has the capacity to create new tokens. |
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Sell All Allowed |
A function in the smart contract that enables/prevents users from selling one’s entire holding in a single transaction. |
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Tax Modifiable |
Indicates that a token's buy and/or sell tax can be changed by the project team. This can be a positive or negative feature, depending on the project's transparency and community involvement. |
These indicators will be available on the lower panel.
Tokens with potential high risks, i.e. with several concerns in respect to security check, will be visually identified with a triangular warning icon next to their ticker symbol.
How to Get Started on Bybit DEX Pro
Step 1: Log in to your Bybit account on the App, go to Web3 → Trade → DEX Pro, and the Bybit Web3 Wallet will be automatically connected.
Step 2: Tap the selected coin. In the search bar, enter the token name or contract address to locate the token.
Alternatively, you can narrow your search by tapping on the corresponding network, or looking for trending tokens under Hot or Top Gainer.
Step 3: Tap Trade, toggle between Buy and Sell and fill in your order details. Please note that Qty will be automatically filled once you enter the amount you wish to pay. You can also choose your preferred payment token by tapping on the dropdown menu.
Step 4: Choose your gas fee and the acceptable slippage (5% by default). Click Buy or Sell to confirm.
Step 5: If you are making cross-chain swaps, verify the Swap route, and click Confirm.
Step 6: Review and approve the transaction in your wallet.
Note: There is always a 0.1% Swap Fee for all the transactions.
Step 7: You will see a pop-up window that shows the progress of the swap.
Please note that selling tokens on Ethereum requires you to first approve the token you wish to sell in the order details section. The Approving button will then be automatically refreshed to become a Sell button.
Cross-chain swaps are facilitated by a third-party provider on a decentralized platform. You will need to acknowledge the disclaimer first before you can proceed with the swap.
To view your transaction history, go to the My Orders tab to view your transaction history.
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