What is WapSwap?
My distinguish readers, if you desire to know all about the WapSwap project, you must know about DeFi first?
DeFi is an open financial ecosystem where users can develop varieties of financial products and services in a decentralized way. The Decentralized Finance (DeFi) niche started its unprecedented rise in Q1, 2020, and since then crypto users and investors have made a huge fortune in the market.
The TVL in DeFi has grown from $600 million in early 2020 to over $150 billion two years later. The huge changes indicate positive interest from the crypto world. By and large, one of the products of DeFi is a decentralized exchange (DEX).
Overview Of WapSwap
WapSwap is a new, yet trending word in the crypto space. It’s a DEX developed on the BSC blockchain equipped with advanced trading tools to provide users with extremely low gas fees, short processing time, secure and high-performance trading platform. WapSwap focus on providing many DeFi services and products that are pocket friendly on the BSC blockchain.
The project leverages blockchain technology to offer various DeFi products, and services that will positively impact users’ profits. The WapSwap entire ecosystem was built on BSC, the cheapest, safest and fastest network.
Features of WapSwap
Liquidity Pools: Funds are continuously added to the liquidity pools of a decentralized exchange (DEX) by liquidity suppliers. Liquidity pools are big pools of investor’s funds that are used to add liquidity to the exchange for uninterrupted crypto swapping.
Staking: To be able to qualify for staking rewards, users can stake their digital assets into the staking pool. The rewards from the staking pools are distributed based on users holding in the pools.
DEX: Decentralized exchanges (DEXs) are now using Automated Market Maker (AMM) to price digital assets using an error-proof algorithm. The order book is useless in this protocol, as users' assets are priced using a mathematical formula.
Farming: Users can make extra profits by farming with their digital assets. Using a secured smart contract, users can lend their assets to others on this platform and receive interest in it.
Why Choose WapSwap?
The exchange is user-friendly, has an interactive user interface and provides adequate security for users.
As a non-custodial the user’s funds, user’s funds can’t be frozen by anybody or lost as no transfer of funds to exchange before trading.
There is no form of registration required for using the WapSwap platform, only users' wallets are needed to connect to the platform, no KYC and AML.
On the WapSwap platform, users can invest according to their capacity s to earn passive income either, from farming, staking or providing liquidity.
Tokenomics
$WAP is at the core of the WapSwap ecosystem, it’s the heartbeat of the WapSwap project. $WAP is used to pay for all service charges on the platform and also use to reward users. It’s a BEP-20 token standard created on the BSC. It is currently available for trading, traders can swap other mainstream coins for $WAP on the exchange platform.
$WAP Token Details
Token Name: WapSwap
Token Symbol: WAP
Blockchain: BSC and Polygon
Total Supply: 21,000,000 WAP
BSC Smart Contract: 0xCa896c3E72c2237D82a05e3d37b4d82a2BeD082d
Polygon Smart Contract: 0x43b2b8B8a391a66a133c8Ed1c180db7DfAEee66a
Roadmap
Conclusion
The WapSwap platform is new in DeFi market, therefore, is still gaining crypto users' attention, as the crypto world begins to move toward DEXs amid the various hacks and other security issues involving centralized exchanges. However, it’s just a matter of time before WapSwap becomes a household name in the crypto space.
More information
Website : https://wapswap.finance/
Whitepaper : https://wapswapfinance.gitbook.io/wapswap/general-faq
Twitter : https://twitter.com/WapSwapFinance
Facebook : https://www.facebook.com/WapSwapFinance/
Telegram : http://telegramlink/
Medium : https://wapswapfinance.medium.com/
Reddit : https://www.reddit.com/r/WapSwapFinance/
AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
POA: https://bitcointalk.org/index.php?topic=5372300.msg58754770#msg58754770
BSC Wallet Address: 0x0e55B03D7c3c5427E7b10F6b0B420bb16842b4c5