Decentralized exchanges are blockchain-based apps that enable token trades between a large number of users directly and without the involvement of a mediator or other intermediary. This is made feasible thanks to the smart contract technology. On the blockchain, smart contracts are programs that, when specific conditions are satisfied, carry out specified activities automatically.
With a Decentralized exchange, users can trade digital assets with each other without the need for third-party middlemen, as is the case with traditional banking. DEX, on the other hand, gives ordinary people full ownership over their digital assets, allowing them to conduct commerce with anyone at any time.
People who use a DEX keep their crypto assets in their own wallets rather than in the exchange's custody. An individual trades cryptocurrency on a DEX by simply connecting his wallet to the DEX's cryptocurrency pool. For every transaction, the wallet is disconnected from Dex and all assets are kept in it.
DEX is the exact opposite of Centralized exchange -CEX in terms of how it works. The custodial wallet of CEX must be linked to a user's CEX account before they can trade. As a result, the user's crypto asset is held by the CEX. The central database of the CEX is where the user's crypto assets are kept.
Conventional order books are used to match buyers and sellers on CEXs like Coinbase and Binance. Book orders are not utilized in DEX. Instead, the liquidity pools are utilized to make loans. On the DEX's blockchain, liquidity pools are pools of crypto assets that can be traded. These pools of liquidity are provided by independent investors known as liquidity providers. Providers of liquidity pools make money by charging transaction fees to those who use their services.
It is the smart contracts on the DEX blockchain that automatically release cryptocurrency into the user's wallet when a user trades on a DEX. This idea is known as "Automatic Market Making.". This means that DEX performs the functions of an automated market maker (AMM).
What is Bridgeswap?
Using Bridgeswap, you may instantaneously swap crypto tokens, provide liquidity, and stake to receive incentives in the form of returns on your investments. Bridgeswap's mission is to build a decentralized bridge between Defi on Web 3.0 and traditional finance in order to establish a global economy that is fair, accessible, and led by the community. Defi 2.0 zap and the Bridgeswap lottery are just four of the creative products that have been developed by Bridgeswap to help achieve this goal.
Bridgeswap Trade.
Bep20 crypto tokens can be swapped for another Bep20 quickly utilizing a decentralized exchange known as Bridgeswap trade.
Bridgeswap Farms.
There are many ways for you to earn tokens and partake in transaction fees using BridgeSwap Farm's liquidity pools.
Pools that use the BridgeSwap method.
Staking Bris tokens in Bridgeswap pools allows you to gain additional tokens. This is an excellent way to make money from your tokens without doing any work. Instead of merely sitting on your tokens, you can use them to stake them in BridgeSwap pools and earn free tokens. Consider staking your Bris tokens if you want to see a return on your investment.
Bris tokens can be staked and earned in two different ways through the Bridegswap pool.
Manual BRIS pools
Auto BRIS pools
Manual Bris Pool.
Staking Bris tokens manually is possible with the manual Bris pool. To retake or reinvest, you'll need to go to the Bridegswap website. Transaction fees are paid in BNB, which are used to pay for this service.
An Auto Bris Pool.
One stake is all you need with Auto Bris pool. For a modest price, your Bris tokens can be automatically reinvested in Bridegwap. It is possible to gain Bris tokens in the form of APY via staking
the 2.0 version of the Bridgeswapping Defense Zap
Our team came up with Bridgeswap Defi 2.0 Zap to address some of the most pressing issues confronting Defi and Farming procedures.
Problem
The majority of Defi protocols are unable to obtain adequate funding to carry out their protocol's functionality. For services like yield farming, staking, borrowing, and so on, there's an ongoing competition among multiple Defi protocols for liquidity The operation of Defi protocols is dependent on the liquidity provided by their protocol users. Liquidity is rented rather than owned by these companies for their operations. This entails a slew of difficulties.
Solution
Wedding Swap's remedy is the Defi 2.0 zapping. Liquidity providers can now exchange their liquidity pools for reduced Bris tokens thanks to this brand-new and groundbreaking technology. Our liquidity pools would no longer be exclusively dependent on liquidity providers if we had this technology, which provides liquidity to Bridegswap. One of Defi 2.0's allocated wallets has all of the zap's liquidity. When necessary, Bridgeswap can draw on this liquidity. This accumulated cash assures long-term liquidity stability, therefore avoiding the liquidity issues that most Defi protocols experience in the long run..
Liquidity providers will benefit from the decreased price of Bris tokens provided by this mechanism. Assuming the price of the Bris token rises, liquidity providers will be able to profit handsomely from the sale of discounted tokens. As a result, both liquidity providers and Bridgeswap benefit from the arrangement.
Referral Program for Bridgeswapping
For those who want to earn free Bris tokens, our Bridgeswap referral program is ideal. To profit from this program, you don't even need to deposit tokens. Bridgeswap will take care of the rest. Bridgeswap's pool and farms are staked by the users you recommend, and you get 10% of their yields for the rest of their lives.
Visit our referral page to learn more about how you can start earning $Bris tokens for nothing right away. Finally, you must link your wallet and create a unique referral link. Bridgeswap pools and Farms can be accessed by sharing your unique referral link with friends, family and others. You'll get 10% of whatever your suggested users take out of the Bridgeswap pools.
Tokenomics
In order for a crypto project to succeed, the economics of its tokens are critical. To help Bridgeswap succeed, we've developed a tokenomics system that's both efficient and long-term. It is time to go into the nitty-gritty of Bridgeswap's Tokenomics:
Token name: Bridgeswap
Token Symbol: BRIS
Contract Address:
Chain: BNB Smart Chain (BEP20)
Initial Total Supply: 2,200,000 BRIS tokens
Maximum Supply: No maximum Supply
More information can be found here.
Website: https://bridgeswap.app/
Gitbook: https://bridgeswap-exchange-1.gitbook.io/bridgeswap/
Twitter: https://twitter.com/bridgeswap_dex
Telegram: https://t.me/bridgeswap
Github: https://github.com/Bridgeswap-Dex
Medium: https://bridgeswap.medium.com/
Creator
Bitcointalk username: Marmion Sirois
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3424919
Wallet Address: 0x6b7227218Dc4151C60eD2E62269D5a5239077B25