WHAT IS SWAPULT?
Swapult is a decentralized layer-3 swapping cross-chain liquidity management platform based on defi infrastructure for token pools and auctions. In a nutshall swapult protocol is the number one platform that will unlock full potential of defi system using a decentralized cross chain synthetics and bridges.in simple terms swapult is all about investing, staking, lending, and exchange of cryptocurrencies.
Swapult is a decentralized layer-3 swapping cross-chain liquidity management platform based on defi infrastructure for token pools and auctions.
In a nutshall swapult protocol is the number one platform that will unlock full potential of defi system using a decentralized cross chain synthetics and bridges.in simple terms swapult is all about investing, staking, lending, and exchange of cryptocurrencies. swapult protocol is also a special platform created to provide fast, smart, accessible, and easy stage liquidity bootstrapping for all its users. Automated operated markets are all in swapult protocol, which users can optimize their results to get $SWAPULT token, make money, and can also use token as legal tender in digital markets. swapult protocol contract solves the issue by unveiling an auto market provider which is also called smart contract which enhances Market creating services based on the market blueprint. swapult protocol has also introduced an off-chain order ledger to enhance liquidity.
Swapult Solution
Swapult is a swapping protocol that envisions a decentralized way to connect early stages blockchain-cryptocurrency innovators and investors. Its unified interface allows project owners to launch and manage liquidity auctions that are easy for investors to find on the platform. Swapult embarked on a long-term mission to disrupt and fully decentralize liquidity auctions. the project was built with a vision to facilitate greater interoperability through cross-chain interactions, which in turn, will further strengthen the adoption and value of DeFi.
Safe & Reliable
As such, there are two major barriers to mainstreaming DeFi, aside from the often-discussed issue of scalability. Most of the existing projects are not user friendly and steep learning curve. Besides, a bug-laden and poorly written smart contract seems to be undermines DeFi’s potential to be tamper-proof. To mitigate this problem, we have used React
Native to build responsive Swapult UI, along with intuitive information architecture. At this stage, the stacks we use for MVP are Solidity, javascript, react, web3, and key integrations include Remix, Truffle, and MetaMask. In addition, we have migrated platform with Tomochain and is now working on integration with Polkadot parachains.
Swapult Market Opportunity
Decentralized Finance (DeFi) has consistently gained popularity in the past year, and right now, we are witnessing the much-anticipated explosion of adoption. Driven by the emergence of decentralization exchanges like Uniswap, as well as some promising dApp solutions, the market has grown with over 1000% since 2019. At the time of writing, DeFi’s total market cap is over $16 Billion. Despite its popularity, however, the adoption drive still faces some obstacles. Blockchaincryptocurrency startups need to bootstrap liquidity, to ensure favorable trading prices on DEX and other AMM based platforms. In this context, there is an increasing demand for decentralization, an integrated cross-chain ecosystem that allows project owners to easily and securely conduct pre-listed liquidity auctions. In turn, this represents a long-term business opportunity and market scope for layer-3 exchange protocols such as Swapult.
Swapult Ecosystem
Broadly speaking, there are two categories of Swapult users. One of them involves the Project Owner or Pool Creators, while Investors or Liquidity Providers (LP) consist of others. In this section, we discuss available pool types, user flows, pool state, and Swapult governance model.
- Pool Type
Creators, while Investors or Liquidity Providers (LP) consist of others. In this section, we discuss
available pool types, user flows, pool state, and Swapult governance model. - Pool Type
There will be two types of pools on the platform — Direct Selling Pools (DSP) and Time-Locked Pools (TLP).
USER GAIN AND VALUE SWAPULT PROTOCOL
STAKING
- This is partly similar to Staking to what’s attainable in traditional finance where individuals deposit to banks and other financial institutions and have their money used by banks to maintain cash flow with no precise rewards. Staking in Swapult protocol differs in the sense that while users deposit their crypto assets in ERC20 wallets , their deposits are used to lend out to borrowers, and maintain the Proof-of-stake(POS)-based blockchain system operation. In return, stakers are rewarded with annual passive income from their $SWAPULT token.
Secure Wallet
- To store tokens, you need an ERC-20 wallet that is very compatible with borrowing and savings.
Governance
- Since it runs as a DEFI platform, it has no governmental overpower. Making it free from government policy rather its operations are decided by an independent board, by voting on ideas by the members.
Security
- Swapult protocol makes use of the incomplete Turing-protocol, which reduces attacks and safeguard the system.
Development
- Swapult protocol is currently working on a DEFI app, and also creating a crypto exchange platform that will enable the use of $SWAPULT token token, to buy and trade online.
CONCLUSSION
Crypto lovers often face challenges of a centralized finance system, however with the introduction of cryptocurrency and more precisely, Decentralized Finance, these challenges are being laid to rest. Swapult protocol, a Defi-based project was created to utilize blockchain technology and Defi to solve these challenges more effectively, make investment procedures more straightforward, rewarding, and accessible to all. IT has launched a Wallet that will enhance the ecosystem, allowing the users to hold, stake, trade, and lend. Why not join the growing community today and reap financial benefits aplenty?
For more information, please visit any of the following official links
- Website : https://swapult.com/
- Whitepaper : https://swapult.com/whitepaper.pdf
- Twitter : https://twitter.com/swapult
- Telegram : https://t.me/swapult
- Discord : https://discord.com/invite/aG2XA2htyg
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Profile : https://bitcointalk.org/index.php?action=profile;u=2750501
ETH : 0xDa2F65ea0ED1948576694e44b54637ebeCA22576