🌈 Taste the Rainbow!A new DEX aggregator with a bright name –
Rainbow Swap – has launched on TON.
In July, the team became finalists in the Open League Hackathon, and just today, they are one of the projects of Volume Squad as part of the Degen drop from Open League!
Among the project's partners are JVault, Snap X, Torch Finance, GemsWall, Parraton, TON Hedge, and Telegram Apps Center.
⚙️ What is this aggregator?Rainbow Swap allows for profitable token exchanges by "splitting" the trading volume between DEXs (currently only StonFi and DeDust). The project
claims that users can gain up to 25% in profit and
save up to 66% on fees.
In practice, such opportunities are not often seen, but catching a rate advantage is possible. It becomes noticeable as the volume increases; for small amounts, the difference is practically negligible.
For instance, when exchanging 100 TON for NOT, users will receive 1.2% more tokens than just using StonFi (this figure varies and is provided as an example).
Interestingly, the service accounts for fees and excludes paths where expenses exceed the benefit. The routing fee ranges from 0 to 0,1%.
📈 Team and FinancesThe project does not disclose its funding sources.
The founder is Andrii Ivaniv. His
portfolio includes the BlackBot project, providing MEV solutions in DeFi, so he has the necessary experience.
For those interested in what’s under the hood – open code for the exchange can be found on
GitHub.
💵 Will there be a drop?After talking personally with the founder, I managed to find out some interesting details, but the main specifics of the drop are not disclosed, as well as general details about the tokenomics.
Currently, users can accumulate experience points (XP) that will be considered in the future. These can be earned through swaps, referrals, and tasks.
Additionally, you can receive two types of SBTs: for GemsWall and tBook. But that’s not particularly relevant anymore.
😅👀 Is it worth jumping in?On one hand, the service is just starting to build its audience, and there are few details available, including on plans and drops.
On the other hand,
Rainbow has already made it into the Open League and received marketing support. Plus, the routing itself is quite good.
Given this, the team might claim their share of the market and compete with Coffee Swap, while we could benefit from a good drop... They might?
🤔And remember, only in-depth project analysis will help you earn in crypto.
Well, if you’re a newbie in crypto, you can count on my analytics. I don’t publish investment advice but rather provide food for thought.
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