Introducing 123swap, a fast growing Defi Platform
The introduction of Bitcoin has a new form of solving traditional form of payment has opened a new way of handling finance. This has led to a new wave in the cryptocurrency sphere known as DeFi (Decentralized Finance). Decentralized finance is a term for different application employed in cryptocurrency to disrupt traditional ways of handling finance. Decentralized finance as the name implies means there is no central authority that controls the ecosystem. The usefulness of DeFi is very important because it adds more meaning to the use of blockchain technology in the sense that it does much more than just transfer of value to more sophisticated functions such as lending, staking, swapping, yield farming etc.
There are thousands of cryptocurrencies in the world today and not so many centralized exchanges and even these centralized exchanges do not support the exchange of all cryptocurrency. They support the exchange of popular cryptocurrencies and this another area where DeFi has thrived in the world of cryptocurrency. Swapping of coins from one to another using DeFi platforms has increased the acceptance of cryptocurrency in the world at large. Notwithstanding, there are several flaws associated with the use of DeFi protocols and some are:
· Swapping
· Lending
· Yield Farming
123swap is a DeFi platform that brings DeFi solutions across different chains. 123swap allows its users enjoy exchanging cryptocurrencies with simple process and also eliminating problems like complicated interface, hidden fee, tedious registration process. Different DeFi platform come up regularly and these platforms come up only come with solutions for a particular chain but 123swap allows users to surf through all the swap offers collected from major crypto exchanges just in one place by supporting top protocols and presents live rates, the lowest fees, and the best APY (Annual Percentage Yield) and this is done across multiple chains (Ethereum, Binance, Polkadot). So many people in the crypto space even veterans find it very hard to understand some platforms because their interface as they get lost in the abundance of indicators, graphs, orders, and other elements but 123swap helps by providing a very easy to understand interface that is user-friendly.
123swap is an all-in-one platform that aggregates functioning of all the popular DEX & DeFi platforms such as Pancake swap, YFI, Curve, Uniswap, Mooniswap, Balancer, Dodo, Bancor, Mstable, and many more. As an all in one platform, 123swap helps its users aggregates all DeFi assets, liquidity pools, manage portfolio, cross-chain asset swapping and saving deposits in one dashboard making the platform easy for the users to contrast and compare and make good decisions.
123swap is different from other platforms in so many ways. 123swap is comprised of some elements that makes it different from other swaps
· 123swap : This is the core function of the platform to provide a seamless p2p crypto assets swap platform.
· P2p: 123swap users can exchange among each other safely\
· Community Governed: this is the true meaning od decentralization by allowing the actual users of the platform determine changes they want to see in the ecosystem
· Transparency
Roadmap
Q4 2020
Business — Team preparation.
123swap Alpha platform release.
123swap platform features and blockchain discovery phase.
123swap platform testing and security audits.
Q1 2021
123swap platform launched on BSC Mainnet.
123yield launched on BSC Mainnet.
123gov launched
Check out the full Roadmap here
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