Selenium DeFi Swap any token without commission

The basics

Creating a Selenium-based swap system that would allow users to exchange tokens between different networks and be rewarded in the form of an $SLM token is an ambitious project. Here are the key aspects to consider when developing such a system:

1. Multi-chain support

   • Integration with multiple blockchains: Different networks (e.g. Ethereum, Binance Smart Chain, Polygon, etc.) need to be supported to enable token swapping between them.

   • Cross-chain bridges: Develop or integrate existing bridges to enable secure and efficient token exchange between networks.

2. User Interface

   • User-friendly interface: Create an intuitive interface that allows users to easily select tokens for swap, specify amounts and see commissions.

   • Rewards Display: Information about the rewards accrued in SLM should be available on the main screen and in the transaction history.

3. Remuneration in $SLM tokens

• Accrual mechanism: Define a formula for calculating rewards based on commissions spent. For example, a portion of the commission can be automatically converted into SLM tokens and credited to the user.

• Reward conditions: Clearly describe the conditions under which users can receive rewards, such as minimum swap volume or frequency of operations.

1. Integration with DEX

• DEX selection: Identify a set of decentralized exchanges (e.g. Uniswap, SushiSwap, PancakeSwap) that your system will contact to get prices and perform swaps.

• APIs and Smart Contracts: Use the APIs of the respective DEXs to retrieve pricing information and execute transactions.

1. Reduced commission

• Dynamic pricing: Depending on the volume of swap and frequency of use of the system by the user, a commission discount system can be implemented.

• Informing users: Display information about current commissions and possible discounts in the interface.

$SLM token

1. Automatic distribution of $SLM tokens

• Automated mechanism: Each time a swap occurs on the Ethereum network, users receive $SLM tokens automatically. This can happen through a smart contract that calculates the number of tokens based on the value of the swap.

• Distribution formula: For example, if a user swaps 100 swaps, they will receive 0.75 in $SLM tokens. This can be implemented as a fixed ratio or proportional to the amount of swap.

1. Dynamic commission reduction

• Discount system: The higher the volume of the swap, the lower the commission. For example, for swaps over a certain amount, the commission can be reduced by a certain percentage.

• Integration with DEX: The system will contact the selected DEX (e.g. Uniswap, SushiSwap) to get up-to-date data on commissions and token prices. This will allow users to get the most favorable conditions for swap.

1. Transparency and security

• Smart contract auditing: All commission allocation and reduction mechanisms should be audited by independent auditors to ensure user security.

• Transparent calculations: Users should be able to see how their rewards and commissions are calculated.

1. $SLM Tokenomics

• Token Usage: $SLM tokens can be used to pay commissions, participate in voting, or receive additional privileges on the platform.

• Token Burning: Consider burning a portion of $SLM tokens at each swap to reduce the overall supply and maintain the price.