PinkSwap FAQs

FAQ

1. What is PinkSwap?

PinkSwap is a decentralized exchange for creating liquidity and swapping BEP-20 tokens on Binance Smart Chain. It (PinkSwap) removes trusted intermediaries and unnecessary forms of rent extraction, allowing for quick, efficient trading. PinkSwap utilizes an automated market maker model. This means that, while you can trade digital assets on the platform, there isn’t an order book in which you’re matched with someone else. Instead, you are trading against a liquidity pool. Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.

2. How to use PinkSwap?

First you’ll need a Wallet, which supports Binance Smart Chain plus some BNB BEP-20. Once you have that, go to the PinkSwap app to start using the protocol to swap tokens or provide liquidity. Remember that each transaction on Binance Smart Chain costs BNB (this is called the “gas fee” and it’s paid to miners so that the network continues to run).

3. Why is my transaction failing?

You might be trying to swap a fee on transfer or deflationary token like $PinkE. If so, you have to increase your allowed slippage to account for the fee taken during the swap. Click on the gear for settings and adjust slippage tolerance accordingly (12 - 15% or more).

Otherwise, if your transaction is taking forever or stuck pending, the gas included might be too low and the transaction will not be processed. You probably need to speed up or cancel the transaction in your wallet.

If there is any other message it might be a problem within BSC, please try increasing the transfer fees to 20 - 50 GWEI and 200,000 Gas limit.

4. How can I add a token to PinkSwap?

PinkSwap is compatible with any BEP-20 token in the BNB ecosystem. If you want your project to be searchable in their interface, you should seek to be added to a reputable token list or manually paste its contract

5. Why does my transaction cost some BNB?

BNB requires gas to execute each transaction. You can also check BNB gas required to complete transactions. Creating a PinkSwap pool is a slightly costlier transaction because you are executing a more complex smart contract.

6. What is impermanent loss?

Impermanent loss occurs when you adding liquidity to a liquidity pool, and the price of your liquidity pool assets changes compared to when you supplied them. The bigger this change is, the more you are exposed to impermanent loss. The loss in “impermanent loss” term means less dollar value at the time of removing liquidity than at the time of adding liquidity.

7. How do I connect my wallet to PinkSwap?

In order to connect your wallet you have to click on the "Connect Wallet" button on the top-right corner of PinkSwap website. After that, look for the wallet you want to connect to PinkSwap and click "Connect". Approve the connection and you're good to go.

8. Why does it say I have no BNB balance?

You may be not connected to Binance Smart Chain within your wallet.

9. What is the max supply of PinkS?

1,000,000,000,000,000 PinkS

10. I accidentally transferred tokens directly to a pair contract, is there any way I can get them back?

PinkSwap token pair contracts are ownerless. We have no special control over the pair contracts’ functionality; because of this, any tokens accidentally transferred to the token contract itself are lost forever.