Hello friends recent developments in Defi decentralized finance have created exponential value for crypto and tokens, by adding new and innovative technology solutions that allow for old world capital market activities, like lending, borrowing and securitization to digital assets as well as the new digital era market making infrastructure.
Introduction:
The code specifies the resolution of every possible dispute, and the users maintain control over their funds at all times. This reduces the costs associated with providing and using these products and allows for a more frictionless financial system, WAP$WAP will potentially create entirely new financial markets, products, and services. An ecosystem of financial applications that is built on top of blockchain networks. An open-source, permission less, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps)
Cross Chain Swapping:
A cross-chain swap enables trading tokens across different blockchains without using an intermediary party (e.g. an exchange service) in the process.
Trading tokens directly from one blockchain to the other was impossible due to the technological differences between them until WapSwap developed an innovative WAP token which haves power to convert its chain itself with simple burning, minting feature and a highly encrypted code which helps to verify the transaction made on a different chain.
For example, if Nemo wants to swap WAP tokens from BSC to Polygon chain.
Step 1: Connect wallet with Binance Smart Chain.
Step 2: Go to Chain Swap feature on WapSwap.
Step 3: Enter the number of WAP tokens you want to swap, click 'chain swap' and approve the transaction.
Step 4: Copy the encrypted code of that particular transaction.
Step 5: Click 'change network' to change your chain network from BSC to polygon.
Step 6: Paste the encrypted code at the claiming section, click 'claim' to claim your WAP tokens on Polygon Chain and approve to transaction.
The number of tokens nemo swapped were burnt from BSC chain (excluding 1% swap fee) and the same amount was minted on polygon chain with direct interaction between two smart contracts on different chains, with the help of encrypted data and identical wallet addresses as both chains are ERC20 based.
The encrypted code includes the necessary information which is required to verify the transaction on different chain, to ensure the quantity to mint and deliver the tokens to correct chain and wallet address.
The protocol will maintain the total supply of tokens across all chains i.e. if the total supply of WAP tokens are 21 million then the total supply of WAP token including all chains will be 21 million, unlike other tokens which haves supply on multiple chains and their total quantity of all chains exceeds their total and max supply.
Liquidity Pools:
WAP$WAP liquidity pools allow you to provide liquidity by adding your tokens to liquidity pools or “LPs”.
When you add your token to a liquidity pool (LP), you will receive LP tokens (WAP$WAP’s version of liquidity provider tokens).
As an example, if you deposited $WAP and $BNB into a liquidity pool, you would receive WAP-BNB LP tokens.
The number of LP tokens you receive represents your portion of the WAP-BNB liquidity pool. You can also redeem your funds at any time by removing your liquidity.
Providing liquidity is not without risk, as you may be exposed to impermanent loss
Roadmap:
2020 December - Inception of the concept.
2021 January - Planning and Team Building.
2021 March - Beginning of platform development.
2021 August - Deployment on Test net for testing the platform in Alfa and Beta Version.
2021 September – Get Audited by Security Partners.
2021 November - Launch of WAP$WAP with Swapping, Cross Chain Swapping, Farming & Staking Facilities.
2021 November – Aggressive Marketing Campaign launch with Bounty Campaign on BitcoinTalk
2021 November – Partnership Announcements with the Financial Institutions & other Defi projects of BSC.
2021 November – Listing of decentralized exchanges like PancakeSwap. September 2021 - Locking the Liquidity on immediate basis after public sale.
2021 December - New Liquidity pools will be added.
2021 December - New cross chain integrations for cross swapping.
2022 January - Strategic and Fair Launchpad for new projects.
2022 February - Android Wallet and IOS Wallet Development.
To be continued.
Further CLEARIFICATION VISIT:
Website: https://wapswap.finance/
Facebook: https://www.facebook.com/WapSwapFinance/
Twitter: https://twitter.com/WapSwapFinance
Telegram: https://t.me/WapSwapFinance
Whitepaper: https://wapswapfinance.gitbook.io/wapswap/
Authorized by
Unclelucky
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2824517