KEY FEATURES OF THE 123SWAP PLATFORM

in #swap3 years ago (edited)

0_rnl2WhTB7T2XChbg.jpeg

123swap is a decentralized platform that powers an array of Decentralized Finance (DeFi) platforms. The goal of the project is to create an inclusive ecosystem where different kinds of Decentralized Finance (DeFi) transactions can take place.

This wouldn’t be the first project to focus on that niche. I however believe that 123swap has some important contributions to make towards the promotion of an inclusive DeFi ecosystem. You will learn more about that in this article.

THE DIFFERENTIATORS: WHY YOU SHOULD USE 123SWAP
Here are some of the factors or working models proposed by 123swap. When applied in the respective areas, these factors could make the DeFi ecosystem more inclusive.

1- INEXPENSIVE SWAP PLATFORMS
One of the drawbacks to trading in some Decentralized Exchanges (DEXs) or Automated Market Makers (AMMs) is that you may pay a lot more than expected. Contrary to popular belief that decentralized transactions are cheaper, it is not always the case because some of the decentralized trading platforms cost a lot of money in terms of processing transactions.

To that end, 123swap came up with the idea of creating swap platforms that don’t attract huge costs. By swapping your favorite cryptocurrencies on any of those platforms, you would save up to 25% of the money you could have spent on other trading platforms.

It will be of interest for you to know that the swap platforms constituted by 123swap operate a collective transaction process that involves using automated mirror pools to pool or collate the funds in a single transaction. This goes a long way to cut down on the gas fees spent to validate those transactions.

2- CROSS-CHAIN SUPPORT
The interoperability of blockchain networks is one of the features cryptocurrency enthusiasts have been looking forward to. When blockchain networks start to communicate or foster interoperable transactions; it would be easier to scale those transactions.

This feature has been missing on some of the popular blockchain networks, but it appears that it is time to activate it. 123swap has already set plans in motion to foster cross-chain transactions. By design, the cross-chain ecosystem opens up the 123swap platform to enable communication with many blockchain networks, including Polkadot, Ethereum and Binance.

The cross-chain support also allows 123swap to source liquidity from over 500 liquidity pools. This would of course, be sourced from the partnered blockchain networks.

3- EXCELLENT TRADING OPPORTUNITIES
Trading cryptocurrencies just got better, all thanks to the inclusive trading interface and functionalities offered by 123swap. On this platform, you can have access to multiple trading pairs, enjoy up to 25% discount in trading fees and take part in sharing the 75% transaction fees returned to the holders of the native token.

123swap also offers a wide range of cryptocurrency trading features, including automating the trades.

Some of the popular cryptocurrency trading parameters are also included in the platform. These parameters are:

IMG_20211209_210939.jpg

Conclusion
123swap can make Decentralized Finance (DeFi). The primary task of understanding the problem has been tackled, as the team behind the project has a grasp of the DeFi market, including its opportunities and challenges.
These factors have been considered and used to create a robust Decentralized Finance (DeFi) ecosystem called 123swap.

USEFUL LINKS;
Website : https://123swap.finance/
Whitepaper : https://docs.123swap.finance/123-token-sale/123swap-token-allocation
Twitter : https://twitter.com/123swapfinance
Telegram : https://t.me/my123swap_chat
Linkedin : https://www.linkedin.com/company/123swap/
Reddit : https://www.reddit.com/r/123swap/
Medium : https://medium.com/@123swap
Instagram : https://www.instagram.com/123swapfinance/

AUTHOR
Bitcointalk Username: Intertek
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2760026;sa=summary
https://bitcointalk.org/index.php?action=profile;u=2760026;sa=summary

Bsc Wallet Address: 0x489294D81CA59a180953ffbce7775F30bfd1e63C