COXSWAP is a protocol that aims to enable peer-to-peer market making and swapping of BEP-20 tokens on the Binance Smart Chain. BEP-20 is a standard token available on the Binance Smart Chain and is an extension of the ERC-20 tokens standard. Binance Smart Chain is a blockchain-based network developed for running applications based on smart contracts. The protocol aims to enable the users to exchange the BEP-20 token standard on a decentralized exchange.

According to the whitepaper of COXSWAP, the protocol utilizes automated market maker (AMM). AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset.

Another feature of COXSWAP is that the platform aims to enable users to instantly swap crypto tokens, thereby eliminating the need for an account or registration. Furthermore, as COXSWAP works on the Binance Smart Chain platform, there is less transaction cost. The platform also seeks to enable users to withdraw directly from their wallet app. Most importantly, the users own 100% of their crypto as COXSWAP does not keep their coins.

COXSWAP seeks to empower the users to exchange BEP-20 tokens. The token swaps on the COXSWAP platform aim to provide a simple way for users to trade BEP-20 tokens through automated liquidity pools.

Cox token (COX) is the native token of the COXSWAP platform. The users can earn Cox tokens as rewards for staking on liquidity pools. Besides, there is another coin, the Fox token, in the COXSWAP ecosystem. Fox token is used in staking, farming, and lottery features. Users can earn Fox tokens through staking and farming.

COXSWAP was launched in June 2021. The official token sale was started in September 2021. The maximum total supply of Cox token is 100,000,000,000,000 COX.

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