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## Binance Master Class Group 26 Project

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### Introduction

> This is a group project by Group 26 of the Binance MasterClass Project
> **Project Name:** TKN Exchange 

## TKN Exchange 
 #### TKN Exchange is a decentralized exchange project built on the Binance Smart Chain.This Project aims to solve some issues regarding decentralized applications and create innovative solutions to processes like Automated Market Markers. 

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### Feature 1: Automated Market Maker 

An Automated Market Maker is a type of decentralized exchange protocol,It prices assets with the use of a mathematical formula, the assets are priced using a pricing algorithm, unlike the traditional method of using order books. **TKN EXHANGE** is an automated market maker. Liquidity for the exchange is provided by the liquidity providers in the liquidity pool. Liquidity providers thereby earn a percentage reward from the swap fee of about 0.2% on every token swapped with 0.17% going to the liquidity providers(LPs) and 0.03% to the TKN Exchange treasury which would be controlled by the holders of the exchange token. 

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### Feature 2: NFT VAULT
This feature is still in progress and would be updated soon. It enables and creates a secure feature whereby, any owner of a Non Fungible Token(NFT) is able to protect the copyrigt of their Token by enabling only whitelisted addresses have access to their NFT.




    
    

### Feature 3: Yield Farming
   This feature, also still in Production would create a way of generating rewards for crypto holders by allowing them to stake or lend crypto assets with the intent of getting high rewards. Liquidity Providers are able to lock up crypto assets in a smart contract based liquidity pool. 

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