In this article, we are going to know the What is Sudoswap? Sudoswap is a decentralized NFT marketplace that works on Automatic market maker(AMM) and built on an Ethereum blockchain. Some of the features of Sudoswap are different from other NFT Marketplaces. As an NFT trader lots of times, you have experienced poor liquidity in the NFT marketplace, just to improve these liquidity problems in the NFT Marketplace Sudoswap come up with this unique feature.

The Sudoswap NFT marketplace allows the NFT trader either to be a liquidity provider on the liquidity pool or to just buy and sell on the Marketplace. Because of this, it improves liquidity in the marketplace. Read till the end, you’ll get to know more about What is Sudoswap? What are the benefits of sudoswap? How to buy nft on Sudoswap? and many more.

What is Automatic market maker(AMM)?

An Automated market maker is a type of decentralized exchange that creates ease for individual buyers and sellers by using algorithms to price assets in the liquidity pool. In traditional ways, the Marketplace requires a sufficient number of buyers and a sufficient number of sellers or central reserve assets to create complete trade.

In simple terms, it is a liquidity pool that helps to maintain liquidity in any Marketplace by rewarding users who contribute their assets in the liquidity pool. The user who contributes their assets in the liquidity pools, after the completion of the period will receive the reward in the form of a token.

What are the automated market maker coins?

• Aave token
• Asset-backed tokens
• Arbitrum Ecosystem
• Arbitrum Nova Ecosystem
• Algorithms Ecosystem

Many more.

How to buy NFTs on Sudoswap?

The Sudoswap creates an NFT marketplace on which users can easily buy and sell their NFTs in a decentralized manner with its liquidity protocol and as it works on the automatic market maker(AMM) it connects buyer and seller directly.

1. Buy NFTs on Sudoswap

First of all, you need to connect your wallet to trade any NFT on Sudoswap.

• Here you will get an NFT collection from the collection page. 
• You have to click on the view item for the NFT you want to buy.
• Then you have to click on the Sudoswap and complete your purchase verification in your wallet.

2. Sell NFTs on Sudoswap.

To sell any NFT on Sudoswap.

• Select the NFT collection from the collection page.
• Tap on those sells buttons.
• And then click on the Sudoswap after selecting the NFT you want to sell.
• Then you have to confirm your transaction in your wallet.

The best features of Sudoswap is-

• It provides proper liquidity in the NFT marketplace with the help of an Automated market maker(AMM).
• Traders do not have to wait for an offer to sell or buy any NFT they can trade NFT instantly.
• As NFT holders or owners are liquid providers they can set trading fees and set the price of NFT in the trading pool according to other NFT Marketplaces.
• Sudoswap work without an intermediate to trade any kind of NFT.
• Lower the cost of NFT trading fees.

What are the benefits of sudoswap?

• It provides proper liquidity in the NFT marketplace with the help of automated market makers and traders do not have to wait for a buyer or seller for any NFT in the marketplace.
• The trading fee on the Sudoswap is 0.5%, this trading fee is given to the liquidity provider. which is very less as compared to other NFT marketplaces like OpenSea, foundation, SuperRare, etc.
• The NFT owner can control the NFT market, which means the owner can set the price of the NFT, and earn fees on every trade happening in the pool.

What is Sudoswap? the answer for this question is clear to you all.

Conclusion:

Sudoswap is a decentralized NFT marketplace that works as an automatic market maker that helps by providing liquidity in the liquidity pool. An automatic market maker is a type of decentralization that creates each for individual buyers and sellers by using algorithms to price sets in the liquidity pool.

The trading fee on Sudoswap is 0.5% this face is given to liquidity providers on the NFT market place which is less than compared to other NFT marketplaces. What is Sudoswap? the answer for this question is clear to you all, if you have any question please do comment.

Frequently Asked Questions:

How do I purchase an NFT?

There are lots of NFT marketplaces you will get on the internet but there are different features in different NFT marketplaces. Some of the best NFT marketplaces are open seas, super-rare, Binance, WazirX, and many more.

How To Buy NFT In India?

There are lots of NFT marketplaces you will get on the internet but there are different features in different NFT marketplaces. Some of the best NFT marketplaces are open seas, super-rare, Binance, WazirX, and many more.

Top NFT Marketplaces In India.

• OpenSea NFT marketplace
• SuperRare NFT Marketplace
• WazirX NFT Marketplace
• Rarible
• KnownOrigin

What is Sudoswap?

Sudoswap is a decentralized NFT marketplace which works on automatic market maker that helps by providing liquidity in the liquidity pool. An automatic market maker is a type of decentralization that creates each for individual buyers and sellers by using algorithms to price sets in the liquidity pool.