Venice Swap

What is Venice Swap

Venice Swap is a new generation decentralized cryptocurrency exchange, which focuses on bringing together all the tools and features that other popular competitors provide, but with more simplicity and better security. You can buy, sell, trade, swap and do all kinds of operations with hundreds of tokens from Etherium ecosystem to Binance Smartchain and dozens of other blockchains out there. In this review, we are going to look into Venice Swap features and the new things it brings.

Continuing the trend of food-based decentralised exchanges (DEXs) like Burger Swap, Pancake Swap, etc., Venice Swap’s main goal is to become a global crypto marketplace, but a comprehensive one. Venice Swap developers claim they burrowed its name inspired by the history of the Most Serene Republic of Venice, which had been a mercantile empire between Rialto and Piazza San Marco, who invented the concept of a modern stock exchange. As the name suggests, the goal of Venice Swap is to cut to the chase and become a global market where everybody can buy, sell, trade and swap all their favorite coins and tokens at one place, instead of having to deal with multiple different applications and websites.

User Experience

Venice Swap ecosystem is designed to be efficient and user-friendly. It does not matter if you are a beginner or an advanced crypto trader. The platform brings simplicity while providing a wide range of tools an expert would need. Having a high volume market, the traders will not have to wait any longer than a few seconds for their operations to pass through. You also do not have to switch between devices anymore since Venice Swap is totally compatible with any common platform out there. From iOS and Android to Windows and MacOS, there is an app you can make use of to easily perform any task you want.

Roadmap

The launch of Venice Swap exchange is scheduled to take place in February 2022. According to the developers, the Venice DeFi Swap application will be released somewhere in the first quarter of 2022 and then the first set of their crypto tools will be available to public.

Ways To Trade

There is not yet enough information regarding the trading options Venice Swap provides. As far as it could be understood from the developers’ words, we already know that common areas such as Exchange, Staking, Liquidity pools, etc. are probably going to be covered by Venice Swap. But it is yet unclear whether complementary options such as margin trading are also going to be available or not. There is also not sufficient information about fees and commissions on Venice Swap platform. For more details to be released, users must probably wait until launch of the exchange in February 2022.

Payment Methods

Unlike other major DeFi Swap applications, Venice Swap accepts fiat currencies, so you will not have to deal with the headache of buying cryptocurrencies from one exchange and converting them into a particular blockchain’s token in another one to be able to make use of the DEX application. All your operations take place at one integrated platform. Doesn’t that just make everything easy?

VENICE token

The native utility token of the Venice Swap platform is called VENICE. VENICE is an ERC20 token on the Etherium blockchain which is used for internal transactions in the ecosystem and other purposes. It can already be bought and [at the time of writing this article] there is actually a big chance for it to grow in value once the exchange opens in February 2022.

Add this Smart Contract address to your wallet: 0xf6d4fbc3b86811df25d829a14dae0269a3ee5462

Online Support

An in-hand support team who can guide the users with their problems goes a long way when it comes to financial stuff. It is not a secret that many major DEXs lack a lot in this area. As an advantage in user experience, the Venice Swap developers put an special effort to provide their customers with a top-notch 24/7 support.

Security

When it comes to financial applications, security is probably the most important factor. Any user has to be confident that their hard-earned money is safe before entering it into any platform. The good news about the Venice Swap is that according to their website, they put extra priority to provide safety and security for their users in terms of both technical issues and legal issues. Here is a comment you can find on their official website:

“Earning the trust of our clients has always been our highest priority. We earn that trust through the best security in the business — most of our crypto is held safely in cold wallets so bad actors can’t reach it. Our platform provides world class financial stability by maintaining full reserves, healthy banking relationships and the highest standards of legal compliance.”

Conclusion

It would be amazing to be provided to use a single platform to perform all kinds of crypto operations from purchasing to trading on one integrated platform without a headache. Venice Swap offers such service. I think we have to support what they’re doing because we really need such a strong yet simple DEX.

For more information regarding what they do and where they are, you can visit their website https://veniceswap.com/ and follow their Telegram channel at https://t.me/veniceswap
Also join their community on Telegram at https://t.me/venice_swap

A sponsored article written for a bounty reward.
By Mo Sarvi
Bounty0x username: Sarvi

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Tech wiz, Crypto Enthusiast, Technical Analyst

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Mo Sarvi

Mo Sarvi

Tech wiz, Crypto Enthusiast, Technical Analyst

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