Users of decentralized cryptocurrency exchanges (DEXs) haven't had the easiest time of late. These platforms allow people to trade coins directly and with no need for a middleman to complete a transaction. This is revolutionary, but there are problems. The challenge is, centralized exchanges (think Coinbase, Binance, etc.) are vulnerable to hacking and theft. Centralized exchanges have custody of their users’ money which means they also have custody of their users’ security. When you store money in a bank, it can get robbed by hackers, but you can also get robbed by the bank itself! There is a reason that decentralization has been so popular in the crypto space. It allows us to take more control of our money, but not many decentralized exchanges offer great user experiences.
BridgeSwap is a decentralized exchange that utilizes smart contracts to execute trades directly between users. BridgeSwap provides all of the benefits of a DEX with none of the drawbacks: security, privacy, liquidity, and usability. Users retain control over their coins during trading; private keys are never revealed during transactions; there are no limits on deposit sizes; and trading pairs are always available for trading.
With BridgeSwap, you can trade your BEP-20 Blockchain and other cryptocurrencies directly among themselves and with BEP-20 tokens. BridgeSwap is fully decentralized and doesn't require any prior registration, meaning there are no accounts or passwords to keep track of—you just have your own private key for safekeeping. A single transaction by one person will not affect anyone else's account as it is executed on a separate blockchain from everyone else's transactions. Users can interact directly and anonymously with each other without having to trust anyone with their funds.
Vision Of bridgeSwap
BridgeSwap is a decentralized exchange that is fully open-source. The team has a goal of becoming the first decentralized exchange on Web 3.0. The BridgeSwap platform is designed to allow users to access Defi in a traditional financial model and will be a bridge between Web 2.0 and Web 3.0. BridgeSwap offers complete control over funds, as well as the ability to create trustless transactions. There are no intermediaries in the exchange process. BridgeSwap 2.0 is based on the MakerDAO platform and is linked to the DAI stablecoin. BridgeSwap 2.0 is completely open source, so anyone can access the code and make changes to it if needed.
BridgeSwap DEX Ecosystem - Explained
To trade some amount of one token for an equivalent amount of another token. BridgeSwap's DEX allows you to swap tokens on the BNB Chain as of now but soon we shall expand our DEX on other blockchain. The extent to which an asset is available to be bought or sold. In the context of a DEX, the amount of crypto tokens that can be traded for one another. A combination of two crypto assets that allows a decentralized exchange to facilitate trading between the two tokens. BridgeSwap offers users the ability to create liquidity pools of token pairs that are native to BNB Chain. Someone who adds liquidity to a protocol by contributing 1:1 amounts of two crypto tokens to a liquidity pool.
Step-by Step How To Connect Your Wallet To Bridgeswap
- Connect your wallet to Bridgeswap Click on 'WalletConnect' in the list of wallets;
- Click the 'Connect' button on the wallet connection page;
- Click the 'Connect' button on your wallet to connect your wallet to Bridgeswap.
- This will automatically go to your wallet on your phone or computer, eg Trust wallet, Metamask
Token Information of BridgeSwap (BRIS) :
- Name Of Token: BridgeSwap
- Symbol: $BRIS
- Chain Use: BSC
- Price Now (ICO): $5.001
BRIS Token Initial Allocation
50% Burn Mechanism - BridgeSwap have sent 50% of the initial total supply tokens to the Dead address, this has been done to decrease the initial supply that was planned to be released into the circulation and also have low Market Cap at Launch.
18% Crowdsale - 40% at TGE 10% unlocked linearly in 6 months.
5% Team - 3 years Cliff and 5% monthly for 2 years.
10% Liquidity - Locked for 3 years.
7% Marketing - will be used for partnership with ecological construction, including marketing, promotional activities, 3 months Cliff and 10% unlocked linearly in 10 months.
10% Defi 2.0 Zap Event - 30% unlocked linearly in 2 years.
Conclusion
Decentralized exchange BridgeSwap that everything about the BridgeSwap protocol. BridgeSwap's team thinks that the future of the financial sector will be decentralized, and they are committed to providing a secure environment inside their ecosystem. Using their platform, you may trade as much or as little as you desire. Off-chain order books are used to facilitate peer-to-peer transactions without the need for a third-party custodian. BridgeSwap does not impose withdrawal fees or gas costs, which makes it a highly appealing alternative in the present market scenario. Additionally, BridgeSwap can work with any service that accepts 0x transactions as part of its integration.
Follow more information at:
Website: https://bridgeswap.app
Twitter: https://twitter.com/Bridgeswap_Dex
Telegram Group: https://t.me/bridgeswap
Telegram Channel: https://t.me/bridgeswap_news
GitHub: https://github.com/Bridgeswap-Dex
Author
BTT Username: Wilma Fonti
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=3480935
BSC (BEP-20) Wallet Address: 0xe3d8b741cF419aC9514E6c596Ed2a60B1311612D