## What Is FstSwap? FstSwap is a [decentralized exchange](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex) (DEX) for [BEP-20 token](https://coinmarketcap.com/alexandria/glossary/bep-20) [swaps](https://coinmarketcap.com/alexandria/glossary/token-swap) on the [BNB Chain](https://coinmarketcap.com/currencies/bnb/). It uses an [automated market maker](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm) (AMM) model to enable fast, cheap and frictionless trading. Traders get matched by a [liquidity pool](https://coinmarketcap.com/alexandria/glossary/liquidity-pool) that [liquidity providers](https://coinmarketcap.com/alexandria/glossary/liquidity-provider-tokens-lp-tokens) can deposit capital into. They receive [LP tokens](https://coinmarketcap.com/alexandria/article/what-are-liquidity-pool-lp-tokens) for doing so and get a share of the trading fees based on their LP tokens. The exchange also has a [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming) program, which allows staking LP tokens to earn the native token. Different farms have different [APRs](https://coinmarketcap.com/alexandria/glossary/annual-percentage-rate-apr), but traders have to pay attention to potential [impermanent loss](https://coinmarketcap.com/alexandria/glossary/impermanent-loss). Liquidity pools on the exchange are called farm pools, elephant pools and combustion pools. Farm pools provide a chance to stake LP tokens of FstSwap and other BEP-20 tokens and receive rewards. Elephant pools also pay staking rewards, while combustion pools enable token [burns](https://coinmarketcap.com/alexandria/glossary/burned). The exchange also provides a detailed roadmap with plans to offer fundraising for future token launches, an [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) ecosystem, personalized user profiles and lending of LP tokens. ## Who Are the FstSwap Founders? FstSwap does not disclose any information about its founders. From two community AMAs, it can be assumed that the team is based in Asia. The exchange passed a security audit by Certik. In the future, it plans to introduce [DAO](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao) [governance](https://coinmarketcap.com/alexandria/glossary/governance), where token holders can vote according to their share of native tokens staked. ## When Did FstSwap Launch? FstSwap launched in April 2022. ## Where Is FstSwap Located? The exchange does not provide any information about its location. According to information from community AMAs, the team is likely located in Asia. ## FstSwap Restricted Countries At the time of writing, there is no information about restricted countries on this exchange. ## FstSwap Supported Coins List The exchange supports all BEP-20 tokens. Due to its decentralized nature, users can list new tokens in a permissionless manner, as long as they provide enough liquidity to facilitate trading. ## How Much Are FstSwap Fees? At the time of writing, token swaps incur a 0.30% trading fee. The entire transaction fee is distributed back to the AMM liquidity provider. ## Is It Possible To Use Leverage or Margin Trade on FstSwap? FstSwap does not support leverage or margin trading.