WapSwap - A Decentralized Financial Exchange That Enables Customers Globally to Trade Crypto Assets

The WapSwap is a decentralized financial exchange that supports trading of multiple crypto assets. The platform can be used to buy, sell, and trade ERC-20 tokens on the Ethereum Blockchain, BSC tokens on the Binance Smart Chain, and KIP20 tokens on the OkexChain Network. The system provides automated liquidity for users, which is obtained through third-party blockchain mods. The users deposit funds in liquidity pools, which are managed by the network. Once the trade has ended, the user can reclaim his or her share, plus trading fees.Traditional finance uses margin trading, which involves borrowing funds from a broker. Decentralized finance uses the Ethereum blockchain to facilitate peer-to-peer lending. The underlying technology is called "smart contracts", which automate traditional brokerage activity. Moreover, the platform supports various marketplaces that enable users to trade products globally. These decentralized exchanges are also referred to as decentralized finance (Dfi).

The Defi platform is a software stack

Its components form a decentralized financial platform. Each layer performs a specific function in the DeFi ecosystem. Essentially, the layers are composed to create a DeFi app. The DeFi platform is composed of multiple layers that work together. As a result, there is no central controller for the currency. The system is completely open and transparent.The main difference between a centralized and a decentralized financial platform is that they utilize the same principle of smart contracts. A decentralized financial platform operates on a system that runs on the Ethereum blockchain. The platform utilizes the same gas fee structure as the Ethereum blockchain, so the fees are low. However, the fee fluctuates depending on the network's usage. The WapSwap team is dedicated to developing this system and facilitating global trade.
Token Distribution
● Chain Network: BSC, Polygon
● Token Name: WapSwap
● Token Ticker: WAP
● Initial Supply: 1,890,000 WAP
● Total Supply: 21,000,000 WAP
● New Token emissions: 0.16 per block
● Fair Launch: Yes
● BSC Chain:: 0xD819F503cF5C5932f549Cb9c97D28685558D9c80
● Polygon Chain: 0xaE01EEB7091e94edc57D79507322fb8bE9Cd64E9
Despite its advantages, DeFi is still a young field. It is not yet mature, but the concept is still worth exploring. The number of DeFi contracts is over $41 billion as of March 20211, based on the value of each of the tokens in the protocol. While this is a considerable amount of money, it is not yet an indication of its true value, which is why the total is not real.While there are significant differences between a traditional decentralized financial platform and a traditional one, the principles of a successful DeFi system are similar. Its users can make use of stablecoins, as well as a large variety of use cases. Its platform provides a wide range of services to users and is based on the Ethereum blockchain. Unlike conventional exchanges, DeFi also has a unique architecture. The platform provides a platform for smart contracts, which are codes of agreements.

Other Deflationary Mechanics

At present, WAP is also burned in the following ways:
● 0.05% of every trade made on WapSwap.
● 0.5% of every cross chain swap transaction made on WapSwap.
● 100% of farming and staking pool rewards if unstake, harvest or compound is done before 168 hours (7 days) after staking.
● 50% emissions will be reduced every 4 years until it reaches max supply.
● 230.40 WAP per day is diverted to the lottery wallet, and burned (It will be burned every week until we start our lottery feature).
● 91% Farming and Staking
● 7.5% Liquidity for CEX and DEX
● 1% Promotion and Marketing
● 0.5% Operational Cost
● 0% Founders and Team
While the WapSwap decentralized financial platform has many advantages, it is still prone to risks, including hacking. Its infrastructure is also vulnerable to hackers and other risks, which makes it a less viable option for many investors. Nevertheless, it offers the best security of all the decentralized finance models. The company's financial advisors, Dan Simerman, are in charge of the WapSwap's development.