Today's chain network technology has reached enormous heights when it comes to prominence and innovations. These innovations involved the implementation & automation of Decentralized finance systems. The world today knows the DeFi (Decentralized Finance) system, as a protocol that specifically caters to the community. The Project released currently, only utilizes the Centralized Mechanism, which is a huge issue as it functions with intervention from thirdParties or Intermediaries, instead of a direct access.
The platform, 123Swap, facilitates the usage of DeFi systems while automating swapping or trading transactions on different chains. In the article below, more information about the platform and it's Mechanism will be detailed in order to comprehend the full benefits of the
123SWAP DESCRIPTION
123Swap Is known generally as a community based finance network which is growing immensely and consistently adds more block chains to their system. The Network is aiming towards the automation of an efficient, convenient &, of course, transparent exchange of digital currency for every single user in the digital Ecosystem while yielding low slippage. The entire system of the project is based on several block chains, which are; Binance Smart Chain (BSC), Polygon network and AvalancheChain. It's not going to end here, the project plans to diversify their use cases on other chainNetworks in the future, which further certifies the goal of the network being host to all the chain networks in the world.
The 123Swap Project team has worked hard to initiate a specific number of Communitybased solutions for the entire block chain while containing several sectors, they include; 123 NFT, 123 yield, 123 bridge, 123swap & 123 gov.
More info on these sectors and how they operate will be stated below:
123 NFT
This sector helps individuals to support & simplify the purchases & sale of Cyber Arts via NFT based tokens. Individuals can now leverage this in order to liberate new income streams while minting the NFTs.
123 yield
This sector allows various individuals to take part in the staking activities while gaining additional rewards on the network. Individuals have the ability to carry out staking on 123Tokens in order to gain a lot of CrossChain assets.
123 bridge
This bridge sector helps individuals with the adopted API, to simply carry out multi chain asset management, assets like BSC, Bitcoin (BTC) or anyother major chain network.
123 gov
This sector simply provides various token operators on 123swap, with the ability to have full ownership & management over the Ecosystem. With the utlization of Governance based tokens (Crypto currency tokens which represent VotingPower on a chain network project), individuals will have the ability to positively affect the components or direction of a particular protocol.
123SWAP TOKEN DESCRIPTION
The 123 Coin is a BEP- 20 token based on the Binance Smart Chain network, it is used on the system to carry out different types of transactions across the vast array of block chains. It's USD token price is 0.05 USD, its token supply is 55,000,000. It also has a softcap of 500,000USD and a hardCap of 2,000,000USD
ROADMAP
Q3| Q4 2020:
Business & Marketing Development
Investment (Pre Seed)
123Swap Project launch (Alpha)
Security Audits & Project Testing
Public TokenSale Preparations
2021 Prospects:
Development of 123Swap v3
BSC mainnet launch
V1 launch on BSC, Cardano network, Polychain and Ethereum (TestNet)
2022 Prospects:
Block chain additions
123lend & borrow release on Binance chain (TestNet)
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SUMMARY
The 123Swap project has worked really hard to automate all the aforementioned sectors into one single haven in order to simplify the diversified use cases of the token and the system. With more plans and schemes to develop the project, 123 Swap's team promises to be fully enable more upgrades while adding more block chain for their community.
USEFUL LINKS;
Website : https://123swap.finance/
Whitepaper : https://docs.123swap.finance/123-token-sale/123swap-token-allocation
Twitter : https://twitter.com/123swapfinance
Telegram : https://t.me/my123swap_chat
Linkedin : https://www.linkedin.com/company/123swap/
Reddit : https://www.reddit.com/r/123swap/
Medium : https://medium.com/@123swap
Instagram : https://www.instagram.com/123swapfinance/
AUTHOR'S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary
Wallet Address: 0xeF728a6f7aB532bac5b2662B9eE6a0C097bc5243