Gas-Free Swaps? How?

FeenixBot uses an in-house algorithm to dynamically check multiple liquidity providers. Via our partnership with EG (builders of enterprise crypto tech) we are able to use Tier 1 providers like KyberSwap, PancakeSwap, Uniswap, ChangeNow, ParaSwap etc.

Due to unique agreements we have formed with the liquidity providers, we pass on the swap fees to the liquidity providers so users don't have to pay them. This is a structure no one else is doing - other swappers WANT to leverage fees so they can also apply their own.

The smart price router chooses the best provider in the moment based on an algorithm that calculates based on swap price, slippage, price impact.

Because we have those agreements with Tier 1 providers via EG, there are no scaling concerns as we go mainstream!

WHO ACTUALLY PAYS THE GAS FEE?

FeenixBot enables gas-free swaps for users by negotiating rates with Tier 1 liquidity providers. Although blockchain transactions typically require a gas fee, FeenixBot can offer this service without charging the user directly for these fees.

Swaps and cross-chain swaps in particular, are complex processes that cross multiple liquidity pools, gas fees can accumulate rapidly on a single swap. We shield the user from this. You'll pay a small gas fee when you send your crypto to the bot to prepare for the swap (this is a wallet to wallet transfer on the same chain, so gas fees are minimal) but you'll pay ZERO gas on the swap itself.

This is made possible through agreements with exchange partners and liquidity pools. In some cases, the liquidity providers may pay FeenixBot a commission for routing trades through them. These providers are willing to pay this commission as it brings them more volume and liquidity.

FeenixBot then uses the commissions received from these liquidity providers to cover the gas fees, effectively making the swap gas-free for the end-user. Additionally, FeenixBot may utilize non-fee-charging liquidity sources, which allow them to conduct swaps without incurring gas costs directly.

FeenixBot has agreements with a wide range of liquidity providers, and not all of them will pay fees: some are only integrated to cover low-demand pairs or to boost liquidity depth. FeenixBot has a built-in smart router that fulfills the trade across multiple providers. In rare scenarios where no partner covers the gas fee, FeenixBot can pay the fee itself when it's possible to make up the difference in other areas.

The gas fee does get paid, but it's done so indirectly through the business model FeenixBot has established with its partners, rather than being a direct charge to the user.

In summary, eliminating user-paid gas fees has ALWAYS been possible, but other swap facilitators haven't bothered to innovate.