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CherrySwap Review: Can You Safely Use This DEX?

CherrySwap is described as an AMM-based DEX on OKExChain, with CHE as its token. Its current operating status, fees and practical safety details are unclear, so you can’t judge whether it’s usable or suitable for a trade.

By the SkyBitcoins review team · Updated

SkyBitcoins rating

Not rated yet

At a glance

CherrySwap key facts

CherrySwap key facts
TypeAMM-based decentralized exchange
ChainOKExChain
TokenCHE
Audits listed2; names and scope unclear
Value locked$0−100% 7d
Updated

CherrySwap FAQs

What is CherrySwap?

CherrySwap is described as a decentralized exchange that uses an automated market maker (AMM) on OKExChain. Its listed functions include liquidity mining, IFOs, NFTs, a lottery and DAO features, but whether these are currently operating is unclear.

What is the CHE token used for?

CHE is listed as CherrySwap’s token. Its current role in the protocol and whether it can be traded or used in active features are not established.

Is CherrySwap still active, and how do I use it?

The available details don’t establish CherrySwap’s current status, fees, supported wallets or how to connect. Don’t send funds or approve a token transaction until you verify that the protocol is live and check the contract and transaction costs.

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How we checked

Sources

  1. defillama.com/protocol/cherryswap(opens in a new tab)

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