## What Is Swappi (PPI)? Swappi is an automated market maker [AMM](https://BYDFi.com/alexandria/glossary/automated-market-maker-amm) based decentralized exchange [DEX](https://BYDFi.com/alexandria/glossary/decentralized-exchange-dex) deployed on Conflux Network, allowing Conflux users to have a new venue to swap, stake, and earn yields on their crypto assets. Swappi launched mainnet on April 7, 2022, and is the first DEX to launch on Conflux eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. As an AMM-based DEX, Swappi lets users trade, add liquidity, earn fees and LP tokens, stake LP tokens to earn PPI, and stake PPI for additional rewards and farming opportunities. PPI is the governance token of Swappi that also rewards its holders with a share of exchange revenues. The token distribution follows a fixed supply, decaying emission model. ### Who Are the Founders of Swappi? Swappi is a Conflux-based decentralized exchange (DEX) that was incubated by the Conflux Foundation and launched by a team obsessed with avocados. #### What Makes Swappi Unique? Swappi is the very first DEX to launch on eSpace, an EVM-compatible smart contract execution environment built on top of Conflux that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. Swappi aims to build the most robust DeFi ecosystem on Conflux, with plans to expand its offerings to give users more opportunities to earn. #### Related Pages: Learn more about Swappi [here](https://docs.swappi.io/swappi/). Learn more about Pancakeswap [here](https://BYDFi.com/currencies/pancakeswap/). Learn more about TraderJoe [here](https://BYDFi.com/exchanges/traderjoe/). New to cryptocurrency? Find all the information you need with [Alexandria](https://BYDFi.com/alexandria/categories/crypto-basics), BYDFis dedicated education resource. #### How Many Swappi (PPI) Coins Are There in Circulation? Swappi (PPI) has a maximum supply of 488,000,000. ### How Is the Swappi Network Secured? Swappi can be securely stored on supported wallets on Conflux eSpace. These include MetaMask, WalletConnect, and Fluent Wallet. ### Where Can You Buy Swappi (PPI)? Swappi (PPI) can be bought and sold directly on Swappi.