Excha AMM Model — Transparent System Explanation

Excha uses an internal Automated Market Maker (AMM) to allow users to swap between BNB ↔ XNE instantly, without depending on external exchanges.

The AMM is based on a liquidity pool that holds:

1. BNB reserve
2. XNE reserve

The system runs automatically — there is no manual price setting.

How Pricing Works

The token price updates dynamically according to the pool balance:

Price of XNE = Total BNB Reserve / Total XNE Reserve

When users buy, the pool shifts and price moves up.

When users sell, the pool shifts and price moves down.

This is how a fair, market-driven price is formed.

Buying XNE (BNB → XNE)

1. You send BNB to the system wallet.
2. The blockchain transaction is verified first (to prevent fake deposits).
3. The AMM calculates how much XNE you receive based on the current pool ratio.
4. The system:
5. Adds your BNB to the pool
6. Releases XNE from the pool to your account

Result:

1. The pool now has more BNB and less XNE
2. This naturally causes the price of XNE to rise

Selling XNE (XNE → BNB)

1. The amount of XNE you sell is deducted from your account.
2. The AMM calculates how much BNB you receive.
3. The system:
4. Adds XNE to the pool
5. Releases BNB from the pool to your account

Result:

1. The pool now has more XNE and less BNB
2. This naturally causes the price of XNE to fall

Swap Fee

Each swap includes a small percentage fee, which goes back into liquidity to support market stability.

This ensures:

1. Reduced volatility
2. Sustainable price movement
3. Long-term ecosystem health

Referral Bonus (16.67% Fee Share)

If you were referred by another user:

1. Your referrer receives 16.67% of the swap fee on all your trades — both BNB → XNE (Buy) and XNE → BNB (Sell).

To keep the system fair:

1. The bonus is only awarded if the referral is genuine (no shared IP, device, or identity overlap).

What This Means for You