Join the Decentralized Revolution with XSwap DEX
Want to be part of the revolution on decentralized finance (DeFi)? Trade in XSwap DEX so you experience greater security and control over your asset.
Read on to learn more about decentralized exchange and XSwap in this article.
What Is Decentralized Exchange (DEX)?
A decentralized exchange is an exchange that grants peer-to-peer transactions directly from a digital wallet without any intermediary. It relies on smart contracts and self-executing codes on a blockchain.
Smart contracts have more privacy and less slippage, another term for transaction cost than on centralized cryptocurrency exchange. DEXes suit sophisticated investors as it doesn't need any middleman to pursue transactions giving them more privacy.
Users have custody of their assets and do not need to transfer them to a third party, ensuring their safety against hacking, theft, failures, and fraud. Users also have less exposure to market manipulation as the DEX’s nature is peer-to-peer trading.
On top of that, a DEX does not require any KYC verification from the users giving them more privacy and freedom to be anonymous, unlike CEX (Centralized Exchange). And XSwap DEX doesn't need KYC from the users as it values user privacy.
What Is xspswap.finance
XSwap is the first decentralized exchange (DEX) built on the Xinfin network. It uses automated market-maker (AMM) technology to facilitate the buying and selling of cryptocurrency assets.
As a DEX, XSwap allows users to trade cryptocurrencies directly with each other without the need for a central authority or intermediaries. The AMM technology provides liquidity to the exchange by automatically setting the prices of assets based on supply and demand.
XSwap DEX is forked from Uniswap. You can access their DEX at App.xspswap.finance.
XSwap's vision is to grow with the Xinfin network and enable emerging projects to join the market immediately after the development period. They have developed several platforms in line with this goal like their Launchpad, Yield Farming platform, and their XSwap Wallet but we’ll focus on their DEX for now. Their DEX allows users to facilitate the swap and exchange of XRC-20 tokens.
Why Did Xswap Devs Choose Xinfin Network?
XSwaps Devs chose the Xinfin network as it is a green-evolved hybrid blockchain. It is built to modernize the global trade and finance sector with an accessible, efficient, and versatile decentralized infrastructure solution.
Xinfin was designed to harmonize the financial legacy ecosystem by offering a permissioned blockchain. The enterprise, governments, and private firms can utilize the technology to overhaul their tech stack and power a range of novel use cases.
Aside from that, XSwap utilizes Xinfin technology advancements which are:
- Supporting smart contracts with 2000 transactions per second (TPS)
- Almost near to zero transaction fees (low fees)
- Instant confirmation within two seconds
- Green energy consumption
What Are the Benefits of Using Xswap DEX?
Aside from XSwap friendly user interface, here are other benefits of using XSwap DEX:
Users can use different wallets to connect to XSwap.
You can connect to XSwap DEX using several wallets that support the Xinfin network but they highly recommended their own XSWAP wallet. A deep dive into the XSwap wallet will be made in the future.
Users can swap and trade their tokens
Once the user is done linking their wallet to XSwap, they can now utilize the DEX by swapping and trading their XRC20 tokens.
Users can also join their Telegram Channel and be part of their growing community. Ask for guidance regarding utilizing the DEX and their able community members and team will be able to assist you. They have the best user support in the DeFi space thus far.
Users can stake and farm their tokens and participate on the launchpad.
Users can take advantage of XSwap staking and farming features.
Users can choose to stake their tokens in liquidity pools that offer growing rewards. It enables them to reap the rewards just like how the intermediaries in centralized exchanges.
Provide liquidity, stake LP tokens on secured farming pools, and earn rewards weekly with other users' trading fees.
Aside from staking and farming, users can also buy or sell their tokens on their launchpad.
Is XSwap Safe?
XSwap uses V2 smart contracts and it is already safe and secure as it is. However, XSwap wants to give its users more confidence in its platform so they have requested not just one but two smart contract audits. The audits were done by Techrate and Certik, a top-tier audit company, to ensure quality and transparency to their DEX users.
The future goal of XSwap is to secure $1B TVL (total value locked) and be listed on a more prominent exchange. XSwap Protocol has full-time developers that ensure that the security in the smart contracts and the ecosystem platform are in place. Their team prefers to be anonymous, just like other DEX teams, as the trust in their platforms lies in the reliability of their smart contracts and not in their identities.
For more information and updates follow their other social media below:
Twitter
In Conclusion
Decentralized exchanges, or DEXs, have been popular alternatives to centralized exchanges because of their decentralized nature, which allows for greater security and control over funds.
The decentralized revolution has given an opportunity to restructure the financial sector and create a new, more equitable system.
XSwap DEX is a decentralized exchange built on the Xinfin XDC blockchain that offers a wide range of features, including fast and secure transactions, low fees, and a user-friendly interface.
Using XSwap DEX, users can join the decentralized revolution and take control of their assets while participating in the growing world of cryptocurrency and decentralized finance.
With XSwap DEX, users can benefit from increased security, lower fees, and a simplified trading experience. Join the decentralized revolution with XSwap DEX and start trading the way you want today!
New to trading? Try crypto trading bots or copy trading on best crypto exchanges
