What is SpookySwap? The most detailed SpookySwap user guide

• SpookySwap . Overview
• What is SpookySwap?
• Basic features of SpookySwap
• SpookySwap's Achievements
• Overview of the BOO . token
• What is BOO Token?
• Detailed information about the BOO . token
• Allocate BOO tokens
• Where can BOO tokens be bought and sold?
• SpookySwap Floor User Manual
• Guide to get free gas fee of Fantom
• Swap Instructions on SpookySwap
• Instructions for providing liquidity on SpookySwap
• Farm Guide on SpookySwap
• Stake BOO Guide on SpookySwap
• SpookySwap Bridge User Guide
• Epilogue

SpookySwap . Overview

What is SpookySwap?

SpookySwap is a decentralized exchange using Fantom's blockchain AMM model. The project focuses on building a solid foundation with IFO (Initial Farm Offering) and Monthly Grant mechanisms.

In addition, SpookySwap also adds the governance function of BOO coin - SpookySwap's official token, diverse Farm Pool, a cross-platform bridge... The features integrated in SpookySwap are all aimed at meeting the needs meet user needs.

Basic features of SpookySwap

IFO (Initial Farm Offering)

SpookySwap will dedicate 4% of the total BOO token supply (approximately 546,660 BOO) of the project to those who bring BOO to stake on the platform. This token distribution period is 12 weeks. 

IFO on SpookySwap is maturing and currently only works as a Farming platform. In the future, SpookySwap IFOs will likely be used in the same way as PancakeSwap IFOs.

Monthly Grant

Monthly Grant is a development fund for projects in the Fantom ecosystem with 2% of the total supply of BOO tokens (approximately 273,320 BOO).

In general, with the IFO program and the Monthly Grant fund, it can be seen that in the future SpookySwap will not only act as an AMM on the Fantom ecosystem, but also become a Launchpad to support the development of projects on Fantom.

SpookySwap's Achievements

Since its launch in April 2021, SpookySwap's achievements include:

• Get recognition and support from Fantom
• Passed 7 suggestions to the community about using BOO for governance
• Host an Airdrop event for users on Alchemix and Alpha Finance Labs
• Adding Farm Pools sponsored by WOOFY to SpookySwap's system
• Successfully building a partnership with Popsicle
• Stabilizes the cost of converting tokens at 0.2% (0.22% for limited transactions), and is the platform with the most diverse number of farms in the Fantom network
• Fully audited by Certik
• Launching a bridge between Fantom and other blockchains such as Ethereum, BSC, Polygon, Avalanche and Arbitrum
• Listed on CEX, Hobbit and other channels such as CoinGecko, CoinMarketCap, Zapper.fi, CoinStats, CoinCost, CryptoPro…
• Compatible with Coinbase Wallet

In the fourth quarter of 2021, the project will carry out the following activities:

• Platform development for NFT
• Decentralized exchange upgrade

It is expected that in 2022, the project will launch a decentralized autonomous organization (DAO).

Overview of the BOO . token

What is BOO Token?

BOO is the token of SpookySwap project, has some functions as follows:

Governance : The BOO owner has the right to participate in the project governance process.

Staking : Investors can bring BOO tokens to staking on the platform to receive attractive rewards.

Reward : BOO tokens are used as rewards for liquidity providers or staking participants on SpookySwap.

In addition, the BOO token is also used as a fund to support development projects in the Fantom ecosystem.

Detailed information about the BOO . token

• Ticker: BOO
• Blockchain: Fantom Opera
• Token Standard: FRC-20
• Total Supply: 13,666,000 BOO
• Circulating Supply: 5,885,000 BOO

Allocate BOO tokens

• Emissions: 80%, of which LP Farm Rewards accounted for 72.7%, Monthly Grants accounted for 2% and Developer Funds accounted for 5.3%. These tokens will be distributed within 3 years
• Developer Funds: 5%
• New BOO Bonus: 2%
• Community Airdrops: 7%
• BOO Single Stake IFO: 4%
• IDO: 2%

In which, in addition to Emissions, the remaining items will represent the initial supply. 

Note : These rates are subject to change through community discussions or board meetings.

Where can BOO tokens be bought and sold?

Investors can buy BOO tokens on exchanges such as Gate.io, SpookySwap, MEXC, TraderJoe, Hotbit , OpenOcean...

SpookySwap Floor User Manual

To start using SpookySwap exchange, you need to prepare a MetaMask wallet . Once created, you need to switch to the Fantom Opera network.

Guide to get free gas fee of Fantom

When making transactions on SpookySwap or any Fantom protocol, you need to pay gas fees in FTM. You can follow the instructions below to get FTM to pay gas fees before transacting on SpookySwap.

Step 1 : You need to prepare a Discord account that has been created for more than 30 days. You have not used any faucet feature (get free tokens) within the last 30 days.

Step 2 : You access the Discord group of SpookySwap and click " Accept Invite ".

Step 3 : When you first enter the SpookySwap Discord channel, the system will ask you to confirm the terms and rules in their chat group. You click " Complete " above or below as shown.

Step 4 : Next, you tick the box “ I have read and agreed to the rules ” and click “ Submit ”.

Step 5 : If you are using the browser to do steps 1 to 4 then you will get the error “ Message failed to send ”. You can solve it by downloading the Discord client corresponding to the operating system you use by clicking “ Download ” to download.

Step 6 : After downloading and installing, you log in again and you will see SpookySwap's avatar in the left toolbar. Next, click on that avatar.

Step 7 : Enter “ !faucet ” into the #faucet channel on the left hand side.

Step 8 : In the list displayed on the right of the screen, find a bot named " Fantom Tip Bot ", send a message to it with the syntax " !withdraw your_wallet_address ". 

Example : !withdraw 0x848d47d6a68fc0ce61e234257fa7024c59d331dc.

Step 8 : Fantom Tip Bot will send you a confirmation message when the transaction is successful.

Swap Instructions on SpookySwap

Step 1 : After accessing SpookySwap , click on the “ Connect ” icon in the upper right to connect to MetaMask.

Step 2 : At the interface of SpookySwap, select " Swap ". SpookySwap supports 2 swap orders: Market - swap tokens immediately at the market price, Limit - swap tokens when matching a preset price.

To Swap according to the Limit order, do the following:

• In the From box, select the token you want to Swap and enter the amount of that token
• In the To box, select the token you want to receive after Swap
• In the Limit Price box, enter the price of the token you want to buy
• Then, you click “ Place Order ” to place an order, when the price of that token increases/decreases to the price you set, the Limit order will be executed.

To Swap on Market orders, do the following:

• In the From box, select the token you want to Swap and enter the amount of that token
• In the To box, select the token you want to receive after Swap
• Unlike the Limit order, you can customize the Slippage to make transactions match faster, but the higher the Slippage, the higher the fee you will pay.
• After that, you click “ Swap ” to make a transaction

Note : You need to prepare a little FTM to pay the transaction fee.

Instructions for providing liquidity on SpookySwap

Step 1 : At the interface of SpookySwap, select " Liquidity ".

Step 2 : In the Ingredient A section in the Supply section, select the token you want to provide liquidity and enter the quantity or select " MAX ". In the section Ingredient B you choose the remaining token. When you enter the amount of 1 of 2 tokens, the system will automatically calculate the remaining amount of tokens.

Step 3 : You can customize Slippage to make transactions processed faster, but the higher the Slippage, the higher the fee you will pay. Then, you select “ Supply ” to complete the process of adding liquidity on SpookySwap.

Farm Guide on SpookySwap

Once you have the LP token in the above step, you will use this token to Farming and receive free BOO coins as follows:

Step 1 : At the SpookySwap interface, select the "Farm" item. Next you choose the Farm Pool corresponding to the LP token received after adding Liquidity. In this example is the USDC-FTM Pool.

Step 2 : You select “Approve to Stake ” and click “ Confirm ” on your MetaMask wallet to confirm.

Step 3 : You select “Stake ” and enter the amount of LP tokens you want to Farm and select “ Confirm ” to confirm the completion of this process.

Stake BOO Guide on SpookySwap

To make BOO staking, follow these steps:

Step 1 : At the SpookySwap interface, select “ Stake BOO ” and click “ Approve BOO ”.

Step 2 : Next, click “Confirm” on MetaMask to confirm and pay the gas fee. Then you select “ Stake ” and enter the amount of BOO tokens.

Step 3 : After completing step 2, you will receive an amount of xBOO tokens. Next, you scroll down to the Stake xBOO section and select the Pool you want to stake xBOO and select “ Approve ”. 

Note : The reward you receive will be the token of that Pool.

SpookySwap Bridge User Guide

SpookySwap's Bridge system allows you to transfer tokens from other chains to Fantom and vice versa without paying any fees.

Step 1 : At the SpookySwap interface, select " Bridge " to switch to the bridge interface.

Step 2 : In the From Chain section, select the chain you want to transfer. In the To Chain section, you choose the chain you want to receive.

Step 3 : Next, in the Token to Bridge frame, select the cryptocurrency you want to transfer and receive the amount. 

Step 4 : Then, you click “ Bridge Token ” and select “ Confirm ” on MetaMask to complete this process.

Epilogue

Thus, TraderH4 has just brought you all information about SpookySwap floor and detailed instructions on how to use this floor. The cryptocurrency market in the last few years has been filled with a lot of blockchain projects. In parallel, each ecosystem cannot be without this important AMM puzzle piece. SpookySwap is an AMM decentralized exchange that first appeared after Fantom updated Go-Opera to upgrade its network.

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