TOKOK Crypto Exchange Review - History, Features, and Why It Shut Down
A detailed review of the defunct TOKOK crypto exchange, covering its history, features, the 5% monthly fee scam, user experiences, and lessons for safe trading.
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When you hear SushiSwap V3 (Core) is a decentralized cryptocurrency exchange built on Ethereum that uses an automated market maker model, the first thing to check is whether it lives up to the hype.
SushiSwap V3 (Core) launched in 2023 as the next generation of the original SushiSwap fork. It runs on the Ethereum blockchain and operates as an AMM, meaning trades are executed against liquidity pools rather than a traditional order book.
The platformâs native governance and reward token, the SUSHI token is a utility token that grants voting rights and earns fee sharing, while staked versions (xSUSHI) collect a portion of protocol fees.
The fee model is split into two clear slices. Every trade incurs a 0.30 % protocol fee. Of that, 0.25 % goes straight to the LPs who supplied the pool, while 0.05 % is funneled to SUSHI holders who stake their tokens in the SushiBar (xSUSHI).
This dualâtier system creates a direct incentive for both liquidity provision and token holding-a contrast to Uniswap, which sends the full 0.30 % only to LPs.
Additional reward programs include:
| Feature | SushiSwap V3 (Core) | Uniswap |
|---|---|---|
| Launch Year | 2023 | 2018 |
| TVL (Oct 2025) | $3.99 B | â $4.5 B |
| Average Spread | 0.634 % | â0.68 % |
| Fee Split | 0.25 % LPs / 0.05 % xSUSHI stakers | 0.30 % fully to LPs |
| Concentrated Liquidity | Yes (V3) | Yes (V3) |
| OnâChain Limit Orders | Implemented (2025) | Not native |
| Token Variety (coins) | 3 | â 50+ |
Bottom line: SushiSwap gives extra earnings to SUSHI holders and adds limitâorder functionality, but it still lags behind Uniswap on sheer token breadth.
The UI is built with beginners in mind. The main swap screen is a singleâpage form: select token, enter amount, click âSwapâ. Connecting a wallet is a oneâclick process via MetaMask or WalletConnect.
Advanced users can dive into the âConcentrated Liquidityâ tab, which shows priceârange sliders and tick markers. The learning curve here is akin to options trading: you must understand price ticks, impermanent loss and gas costs.
Sushi Academy, the platformâs education hub, offers short videos, stepâbyâstep guides and a glossary. Itâs especially valuable for newcomers who might be intimidated by concepts like LP tokens or xSUSHI.
Being a decentralized protocol, SushiSwap V3 is unaudited by any central regulator. The code is openâsource and communityâreviewed, but past incidents (e.g., flashâloan exploits on early Sushi versions) remind users to stay vigilant.
Key risks include:
There is no demo account, so new users should start with tiny amounts to test the flow.
Since July 2025 the team has added Limit Orders and DCA-features that bring DEXs closer to traditional orderâbook exchanges. The roadmap hints at:
Analysts forecast the SUSHI token could reach $0.87 by 2030, though thatâs speculative. The platformâs survival will hinge on retaining liquidity, keeping gasâcosts manageable, and delivering userâfriendly upgrades faster than rivals.
If you value lower fees, direct rewards for holding SUSHI, and the ability to set limit orders without leaving the DEX, SushiSwap V3 (Core) is a strong choice. It shines for traders who already own SUSHI or plan to stake it.
However, if you need access to a wide array of tokens or want a fully regulated environment, a centralized exchange or a larger DEX like Uniswap might serve you better.
Start small, explore Sushi Academy, and keep an eye on gas prices-those three habits will let you enjoy the benefits while limiting exposure.
The protocol is openâsource and has been audited by several firms, but like any DeFi platform it carries smartâcontract risk. Use small amounts at first and consider staking SUSHI only if you trust the code.
Supply liquidity to any pool and you earn 0.25 % of each trade. Additionally, stake your SUSHI in the SushiBar to receive 0.05 % of all protocol fees as xSUSHI.
Yes. The platform partners with fiat onâramp providers that accept bank transfers and Apple Pay, turning fiat into wrapped assets that can be swapped.
It lets LPs allocate capital to a specific price range instead of the whole curve, which can boost fee earnings but also raises impermanentâloss risk if price moves outside that range.
Both charge a 0.30 % protocol fee, but SushiSwap splits 0.05 % to xSUSHI stakers, giving SUSHI holders a direct revenue share that Uniswap does not provide.
This is actually kinda fire đ SushiSwap V3 giving xSUSHI stakers a cut? Finally someone gets it. LPs get their 0.25% and we get a little snack too. No more just feeding the liquidity gods without a reward for holding the bag. Love it.
Yeah but look at the token list. 3 coins? Are you kidding me? Uniswap has 50+ and you're telling me I should use this because I get 0.05% extra? Bro I want to trade Shiba Inu 2.0 and DogeCoin Zilla. This feels like a beta test.
To the guy who said '3 coins is too few' - chill. Itâs not about quantity, itâs about quality. Sushiâs focus on deep liquidity and fee rewards means youâre not just gambling on meme coins. If youâre serious about DeFi, this is the smart play. Start small, learn the concentrated liquidity thing, then scale. Sushi Academy is actually helpful too.
0.05% to xSUSHI? Thatâs literally pocket change. And you call this innovation? The real problem is Ethereum gas. Youâre paying $15 to save $0.03 in fees. This isnât finance, itâs a tax on patience. Also, why is Apple Pay here? Are we trying to turn DeFi into Chase Bank?
The fee split is clever, no doubt. But concentrated liquidity is a double-edged sword. Iâve seen LPs lose 40% in impermanent loss because they picked the wrong range. Itâs not beginner-friendly even if the UI looks simple. The math behind it is brutal.
I swear if someone says 'Sushi Academy is helpful' one more time I'm gonna scream. It's a glorified FAQ page with YouTube links. And the typo in 'Dollar-Cost Averaging' in the original post? Yeah. That's the vibe. Looks like a team of interns built this after a 3am energy drink binge.
I use this daily. No emojis no drama. Just swap. LP. Stake. Repeat. Fees low. Rewards real. No need for 50 coins when you got 3 good ones. Ethereum gas bad but polygon helps. Simple works.
I get why people are skeptical. But I started with $20, used the limit orders, and made back my gas in 3 days. Itâs not for everyone, but if youâre patient and read the docs, itâs actually kind of beautiful. No need to be a guru. Just start small and watch how it works.
wait so if i stake sushii do i get like... free money?? or is this a trap?? đ¤
Thereâs something poetic about how this protocol mirrors human behavior. Liquidity providers are the workers, stakers are the investors, and the protocol? The invisible hand that redistributes value based on participation. We think weâre trading tokens, but really weâre negotiating social contracts in code. The 0.05% isnât just a fee split - itâs a recognition of trust. And maybe thatâs the real innovation.
This is why DeFi is a joke. Youâve got a platform that canât even list decent tokens, charges you $10 in gas to earn $0.50, and calls it âinnovationâ. The âdual-tier rewardâ is just a band-aid on a broken model. And now theyâre adding Apple Pay? Youâre not building the future, youâre trying to monetize the past. This isnât decentralization - itâs capitalism with a blockchain sticker.
I'm a blockchain analyst and cryptocurrency educator based in Perth. I research DeFi protocols and layer-1 ecosystems and write practical pieces on coins, exchanges, and airdrops. I also advise Web3 startups and enjoy translating complex tokenomics into clear insights.
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