QomSwap🦅
🗺️ A fair decentralized exchange built on the decentralized CTO chainQL1
QomSwap is a DEX running on the QL1 blockchain, providing cryptocurrency swapping, liquidity provision, staking, and governance without centralized intervention. QL1 is a Layer-1 blockchain with the QOM token as its native token, offering the following features: High Speed: Thousands of transactions per second (TPS), surpassing Ethereum (15-30 TPS).
Low Cost: Gas costs are approximately $0.00000025-$0.0000005 (Ethereum starts at just a few dollars). Proof-of-Stake (PoS): Energy-efficient consensus.
Memechain: Active QOM-centric community on X, Telegram, and Keet.
First-in, First-out (FIFO): Fair transaction processing.
No Memory Pool: Transactions are recorded directly into blocks, eliminating latency.
QomSwap adopts the automated market maker (AMM) model to provide users with an efficient and economical trading experience.
🤝 Benefits of QL1’s First-In-First-Out (FIFO) Trading and No Memory Pool
QL1’s technical features, FIFO trading and no memory pool, improve the user experience on QSwap.
1. First-In-First-Out (FIFO) Trading:
Transactions are processed in the order they are received, and priority is not affected by gas fees. Benefits: Fairness: Small transactions (e.g., $0.01) and large transactions (e.g., $1,000) are treated equally. Cost Predictability: Fixed gas fees ($0.00000025–$0.0000005) make budgeting easier.
Prevent Front-Running: Bots cannot manipulate orders (e.g., price manipulation).
2. No Memory Pool:
Transactions do not wait in a memory pool; they are recorded directly in blocks by validators. Advantages: Fast Processing: Confirmations occur within 2-3 seconds (e.g., QomSwap swaps are nearly instantaneous). Stability During Congestion: No gas price spikes or delays even during network congestion. Security: Attacks targeting unconfirmed transactions (e.g., MEV) are reduced. Simple Operation: The processing load on validators is reduced.
This allows QomSwap to provide advantages and fairness, especially for small-volume and high-frequency traders.
🧰 Key Features of QSwap
QomSwap offers the following features (based on data as of August 9, 2025):
1. Token Swap Overview:
WQOM (Wrapped QOM), qUSDT (a stablecoin on QL1), and other tokens can be swapped in seconds.
Example: For the WQOM/qUSDT pair, 1 WQOM ≈ 0.000017 qUSDT (1 qUSDT ≈ 57,939,135 WQOM).
Gas Cost: $0.00000025-$0.0000005, Processing Time: 2-3 seconds.
Let’s swap!
2. Liquidity Pool Overview:
By depositing token pairs into the pool, you will earn a 0.25% fee reward. Example: The WQOM/qUSDT pool has $123,660 in liquidity and a 7-day APR of 7.99%. TVL: WQOM 3.58T, qUSDT 61.73K. DefiLama Source
3. Yield Farming Overview:
Users deposit tokens into the liquidity pool (receive LP tokens) and earn additional QSWAP rewards by staking them in the farming pool.
Example: WQOM/qUSDT farm: Deposit: WQOM/qUSDT LP tokens (e.g., 10,000 WQOM + 0.17 qUSDT). Rewards: QSWAP tokens (10-20% APR depending on market conditions). Example: Depositing $10,000 worth of LP tokens will earn $1,000-$2,000 in QSWAPrewards per year
QSWAP/WQOM farm: 24-hour trading volume: $7,571.79, price: $0.01269 (a 7.43% increase).
🔭Future Outlook
1. Feasibility of Multi-Chain Bridge:
Connected to CosmosIBC and running on the EVM-compatible QL1 chain, QomSwap has the potential to support asset exchange between different blockchains as part of a multi-chain DeFi ecosystem.
2. Possible Auction Feature Implementation:
Adding an auction feature to the UI has been proposed, and future feature expansions are expected.
💊 Collaboration with Meme Culture, Starting with QomFun
What is QomFun?
QomFun is a platform that enhances token promotion and community engagement in the QSwap ecosystem.
QomFunLink
1. Token Promotion Feature:
Users register tokens and promote them through community voting and points.
How it Works: Enter token information (name, logo, X-Link, etc.). Earn points for X retweets (1 = 10 points) or likes. Once you earn 1,000 points, a custom banner will appear on QSwap or QomFun.
2. Burning is a mechanism for QomSwap’s continued growth
Products deployed on Qomfun can only be purchased with Qom and are taxed at 5% per swap, which is used to purchase and burn Qswap tokens. Once the project reaches 69,000 MC, it will move to a DEX (Qomswap) and liquidity will be burned. These are the three main existing features, but some changes may occur as Qomswap develops, but it is not yet clear what they will be.
※This article is current as of August 10, 2025, and is subject to change based on community updates.