Intella X is a blockchain platform where game developers deploy their Web3 games. As a giant hub that’s connected to multiple game economies, Intella X needs to function as a platform where users can easily trade their digital assets without having to rely on different exchange sites.
Thus, Intella X operates its own decentralized exchange (DEX). A decentralized exchange is where users can trade various tokens by interacting with liquidity pools. Each of these pools contains a pair of tokens, and users can exchange or “swap” one type of asset for another by trading directly with the pool that contains the corresponding assets. Users can also deposit their tokens (in other words, “provide liquidity”) to the liquidity pools; such tokens can then be used by others when swapping tokens.
The Intella X wallet was designed with seamless user experience in mind. Its swap and pool deposit features are intuitive and convenient to both Web2 and Web3 users. Continue reading to see the look and feel of these features.
Swap
Swapping on the Intella X mobile wallet app is quick and easy. Choose the blockchain network of your choice, enter the amount of tokens you want to swap, and tap the button to initiate the transaction.
Users who don’t have the blockchain network’s native currency may use meta transactions to perform some of the transactions. Read our previous post “Intella X: Meta Transaction Support” for more information on meta transactions and how the Intella X platform helps you cover gas fees.
Pool
Liquidity pools are what allow the users to swap one asset for another on the platform. Users are trading with liquidity pools when they swap digital assets on a decentralized exchange. A liquidity pool contains a set pair of assets, e.g., mIX (wrapped IX on Polygon) and MATIC (written as mIX — MATIC). Users themselves can deposit their assets to the platform’s liquidity pools, and they can claim rewards for providing liquidity to the Intella X ecosystem.
If you’ve read our post on distribution models, you may recognize that the rewards users can earn from depositing to liquidity pools come from the project’s ecosystem allocation. Users who deposit liquidity pairs will have their level of contribution calculated, and they’ll be rewarded with IX tokens depending on how much they have contributed to the ecosystem. Every month, a set minimum or maximum amount of tokens will be unlocked, and the tokens will be rewarded to users depending on their contribution.
The Intella X DEX comes with a special function that allows users to deposit liquidity pairs even if they have only one asset of the pair in their wallet. For example, you want to deposit to the mIX — MATIC pool but you only have MATIC. The DEX protocol takes your MATIC and converts half of it into mIX, allowing you to deposit MATIC and mIX to the pool as if you initially had mIX in your wallet.
This feature gives users more freedom in their effort to deposit liquidity pairs. As long as they have at least one asset of the pair, they will be able to provide liquidity and earn rewards on Intella X.
The Intella X platform was built to facilitate mass adoption of Web3 gaming. Its tools were carefully designed to maximize user convenience and, in particular, give Web2 users a seamless experience as they familiarize themselves with Web3.
So far we’ve covered the wallet’s basic features and DEX protocol. In an upcoming post, we’ll be revealing details on the platform’s own NFT marketplace. If this is your first time seeing our wallet’s look and feel, take a moment to check out our wallet preview article here. You may also want to read our product overview as it summarizes all the features of the wallet as well as the line-up of upcoming games on Intella X.
