Allswap- a public chain Swap product portal developed by the IOST partner node Lichang, is expected to be launched in Q3 2020. Swap products on the IOST public chain are under planning and Lichang will also provide services such as liquidity pools and decentralized transactions for the IOST DeFi Ecosystem.
Here are some features of Allswap in the future:
- connect to the IOST wallet to provide wallet services for IOST users
- connect to any IOST DeFi project, and pump traffic into IOST DeFi products with Lichang’s huge community
- provide all Swap users with market data such as the total amount of capital in pools, the exchange rates, and newly launched tokens, as a one-stop solution to all Swap needs.
In addition, a Swap product based on the IOST public chain is also under planning. This product will support the following functions:
- Decentralized cross-chain bridge: Users can deposit any tokens into the protocol and mint new tokens in a decentralized manner.
- Flash exchange function: Users can exchange one token for another instantly.
- Programmatic pricing and liquidity: Liquidity providers can increase and redeem liquidity from swap pairs. The programmatic pricing system is based on the liquidity provided.
“All in DeFi” is the slogan and development focus of IOST in the second half of 2020
As one of the world’s leading public blockchain platform, IOST’s original PoB consensus mechanism can ensure better scalability and faster speed on the basis of decentralization. At present, IOST mainnet has shown a peak TPS of up to 8000. IOST offers developer-friendly features that improve product development efficiency. No congestion and no high gas fees as seen in Ethereum, the reason many developers choose to launch DeFi projects on IOST. A zero transaction fee also guarantees users the convenience and accessibility of using DeFi applications on the IOST chain.
With the establishment of the Noah Oracle One-Million Dollar Fund, IOST gears up to unlock the potentials of more DeFi projects on its vibrant network too lead the mainstream application of blockchain, and to open up a new era for the decentralized global economy.
If you want DeFi, join IOST.
About IOST
Supported by Sequoia, Matrix, ZhenFund, and other world-class investors, IOST is an enterprise-level blockchain platform developed for online service providers and is now considered one of the Big Four public chains in the industry alongside Ethereum, EOS, and Tron.
The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by more than 50 blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University, and have more than three years of blockchain-related research experience.
With a one-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, and over 400 nodes, top staking economy, and growing.
If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:
- International English Telegram Group: https://t.me/officialios
- IOST Announcement Channel: https://t.me/iost_announcements
- IOST Official Twitter: https://twitter.com/IOST_Official
- IOST CTO Terry Wang Twitter: https://twitter.com/terrence_iost
- IOST CEO Jimmy Zhong Twitter: https://twitter.com/jimmyzhong_iost
- Slack Developer Community: https://invite.iost.io
- Uptrennd: https://www.uptrennd.com/iost
- Reddit: https://www.reddit.com/r/IOStoken
- Facebook Page: https://www.facebook.com/IOSTofficial/
- Facebook Group: http://bit.ly/IOST-FB-Group
…………………………………………………….
