5.3 Ring Swap
Ring Swap provides an interface for users to buy or sell mcAssets / MAGC tokens against USDM. The trading behaviors are conducted against a liquidity pool of assets and are priced algorithmically through its automated market making algorithm.
mcAssets can be transferred on the Binance Smart Chain and the Ethereum Network through Automated Market Makers (AMM). Issuers and investors alike can easily buy and sell the synthetic assets.
Almost anyone with an Internet connection can buy or sell the assets of Magic Cube ecosystem on Ring Swap. The buying side can buy in MAGC or mcAssets with USDM, and the selling side can sell out MAGC or mcAsset for USDM.
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