In one of my pieces, I wrote about "What Are CASHTOKENS" and received some cool feedback. But, many of my readers are still processing the data to understand, in fact, what the new feature on top of Bitcoin Cash is and how to use them for DeFi. Well, my advice to them is to continue reading about the topic and take it one day at a time to learn about CASHTOKENS and get immersed in the theme.
I also love the engagement on this topic, and it encourages me to continue creating and inviting more people to join the Bitcoin Cash ecosystem and embrace CASHTOKENS. I also receive some financial support (I believe this will increase in the future), which keeps me focused on researching the various DApps that can be found in the CASHTOKENS environment and sharing them with the public.
The wizard 🪄 is brewing up wild experiments with Bitcoin Cash in the Cauldron!
Just to recap and situate my readers: CASHTOKENS is a feature enabled on Bitcoin Cash that allows for the creation of fungible and non-fungible tokens on top of the chain! Based on this technology, many tokens and NFTs can be created and traded in the market. But how are they traded? This is where we find Cauldron.
Cauldron is the main topic of this article, as the platform is essential for all maneuvers involving the tokens created on CASHTOKENS. It provides liquidity, enables buying and selling of tokens, and allows users to earn money through yield farming. Cauldron is designed by a team of "cypherpunks" who saw an opportunity to build the first decentralized and most robust exchange in the Bitcoin Cash ecosystem.
On Cauldron, people can trade any token as long as there is liquidity. However, as with many exchanges operating in a decentralized space, users need to look out for fake tokens designed to scam investors. Fortunately, most of the popular tokens on Cauldron are from well-known projects with strong liquidity, allowing users to swap their tokens to Bitcoin Cash and vice versa with confidence.
Tokens
Liquidity Pools
Swap interface and
User toggle dashboard.
Personal Wallet and settings
The platform is incredibly smooth, with no complicated interfaces, and it is also very fast! Users can swap their tokens or provide liquidity anytime to earn fees. The navigation on the platform is slick, reliable, and user-friendly. With just a few steps, users can uncover everything about it. One critical note for new users: when creating an account on the platform, it’s essential to copy and securely store the seed phrase. Due to its decentralized nature, users are solely responsible for all funds in their Cauldron accounts.
Users must ensure they copy and secure their seed phrase to access their funds anytime. On the upper left side of the platform, users can find tokens, the swap function, liquidity options, and more. Additionally, there are links to external tools for seamless navigation. On the upper right corner, users can access settings and view their tokens. This section also allows users to select their preferred wallet for connecting to the platform. Options include the Cauldron wallet (where users must secure their private keys) or connecting the DApp through WalletConnect with compatible wallets.
It’s impossible to explore CASHTOKENS without engaging with Cauldron. All tokens can be swapped on this platform, making it one of the most popular in the ecosystem. However, other platforms also support CASHTOKENS, which I will discuss another time. For now, the focus is on this powerful tool within the Bitcoin Cash environment. Any doubts or questions about Cauldron can be directed to their Telegram channel for support.
Before closing this article, I must remind that users should always be responsible for their funds. Always (sorry for the repetition) securely store private keys/seed phrases on an offline device, as losing them means losing all funds on any decentralized platform.
Take care, explore this "game changer" DApp, and please keep supporting this creator. Your financial sponsorship fuels my writings and encourages me to continue sharing amazing and affordable content about CASHTOKENS and Bitcoin Cash. Below, you’ll find my Bitcoin Cash and CASHTOKENS addresses. Have an excellent week of labor.
qpfmcvkzc7279en9zvw03xz9s0mzu4zflqsm7uljqs
bitcoincash:zz7pjvq99kylyvns6fjmyawjhxwnucgn2qwyae2ye9
Remember: The difference starts with you, so don't wait for someone else to act when you can take the lead.