In the world of DeFi industry, traders and investors have seen many platforms rising that enable users to stake their digital assets to earn the project’s tokens.
Currently, most of these projects are now building their protocols on Binance Smart Chain (BSC) blockchain, as it has a huge community of users, project developers, and necessary tools for developing advanced DeFi apps. The main feature that facilitates all these protocols is the liquidity pool.
What is a liquidity pool?
A liquidity pool is reserved funds locked in smart contracts that are utilized to support DEX trading, lending, among others. They are the heartbeat decentralized exchanges (DEX). The liquidity providers (LP) are users or investors that add two tokens of equal value to a pool (e.g BNB-USDT, SPL-ETH). In return for their assets, users earn some percentage of trading fees from all completed trades that happen via that pairs in the pool.
However, there is no DEXs platform that enables users to convert their ERC-20 tokens to BEP-20 on a single platform better than Splashswap. Splashswap is a DEX platform that allows users to swap, stake and farm their digital assets without stress.
Overview of SplashSwap Platform
Launched in February 2021, Splashswap is an advanced decentralized exchange that was developed on the BSC blockchain. Splashswap is a DEX that doesn’t require account registration and verification, users can trade, stake and farm their digital assets directly from their BEP-20 compatible wallets. It also gives room for users to add liquidity and Swap varieties of digital assets to earn SPL.
The founders of this project are determined to build an all-encompassing decentralized exchange platform that is well equipped, user-friendly and can be accessed anywhere in the world.
SplashSwap Designed Features
Swapping: Splashswap is a decentralized exchange based on the BSC network that offers users the cheapest, fastest and most secured transactions in the crypto world.
Farming: Farming on Splashswap is a means by which users provide liquidity to the trading platform to ensure uninterrupted trading, and they earn SPL for adding liquidity to Splashswap.
Staking: This is one of the main features of the Splashswap platform, users can stake SPL or other mainstream digital assets in the staking pool with the hope of receiving SPL in return. Splashswap has one of the highest APY in the crypto world.
Why Binance Smart Chain (BSC)?
Splashswap team conducted a lot of researches and wider consultations on many blockchain networks before deciding on the BSC network. In their research, the team concluded that BSC is cheaper, safer and faster than other blockchain networks and an agreement was later to build a DeFi protocol on the Binance Smart Chian network.
Splashswap Token
Splash (SPL) is a utility token for the Splashswap platform. The token is the powerhouse of the Splash ecosystem, it is used to access all services offered by the platform. Splash (SPL) is also used to reward users that provide services to the Splashswap platform. SPL is currently listed on many CEXs and DEXs such as Coinsbit, LBank, and PancakeSwap to mention but a few.
SPL Token Details
Token Name: Splash Token
Token Symbol: SPL
Blockchain Type: BSC
Token Type: BEP-20
Token Price: 0.00000002212 USD
Total Supply: 800,000,000,000SPL
SPL Smart contract address: 0X7FC766BAF71ABA5C7835975BBDF315BF0BED3289
RoadMap
Conclusion
Undoubtedly, Splashswap was built to redefine the decentralized exchanges market. Crypto users seeking DEX trading platform with secured, fast and cheap transactions, congratulation, you have found the right project. This DEX platform is worth investing in if investors are seeking a viable project to invest in. Happy investing!
Official Resources
Official website: https://splashswap.com/
Whitepaper: https://cdn.filesend.jp/private/yxEbI2DUIRy0vY_ipKua0YKo9OW_9coLfq3BRdfIoplus
Coinmarketcap: https://coinmarketcap.com/currencies/splash/
Twitter: https://twitter.com/splashswapcom
Telegram: https://t.me/OfficialSplash
Instagram: https://www.instagram.com/splashcoinspl/
AUTHOR
Bitcointalk Username: Alaho15
BitcoinTalk profile link: https://bitcointalk.org/index.php?action=profile;u=2513944
POA: https://bitcointalk.org/index.php?topic=5373614.msg58813126#msg58813126
SPL Coinsbit Wallet: 0x302FBb71AB62B61f6c215032713d6c1Dc8543659