The course of affairs is likely to change only once a rigid regulatory framework comes into force (perhaps, even the year 2021 will give the first seeds of change?); until that time, however, investors will still remain literally stripped faced with the threat they cannot ward off on their own. And, while among private investors decentralized business models bear particular attractiveness, large institutional investors and hedge funds still hesitate to get their hands tarnished.
Despite this, some assertively claim that blockchain and Decentralized Finance (DeFi) are the biggest tech trends of the century. They bear even more attractiveness as the burst in DeFi lending stores a promise of superior returns in comparison to traditional asset classes.
However, for entrepreneurs, the task of taking a decentralized protocol project off the ground would necessarily be associated with the risks of market volatility, network scalability and high transaction fees, as well as the necessity of being legally compliant in the foreseeable future. At a sooner or later stage of the process, the question that every entrepreneur will be confronted with is where to list the token with minimal expenses, maximum reach and with confidence in long-term success. For that, WanSwap may provide an ultimate solution.
Being a decentralized exchange (DEX) at its core, the platform offers a list of generous benefits that make it stand out in the line of other token exchange platforms. First, offering the listing service completely free of charge, the platform at the same time boasts of its high speed, cross-chain functionality and accessibility from the multitude of devices.
Moreover, with the possibility of adding a token to the farming network, each listed project may attract higher enthusiasm from investors by incentivizing returns on holding. Finally, WanSwap solves the biggest challenge of any startup confronted with the new market environment – the reach for a broader audience. The combination of all these qualities makes WanSwap a platform that may support thousands of successful projects on their ways into the real world.
Having been given a chance to talk to the team of WanSwap, I decided to learn more about the potential of DEXs, future tendencies in the field of DeFi, look into the capabilities of the blockchain protocols as well as to dig deeper into the true essence of the WanSwap platform.
‘Would you buy this token?
-Supply: Infinite – new supply can be introduced by the founding team at any time if they think it’s good for the community
-Governance model: Centralized
-Decentralized online wallet options: None
-Transfer speed: 2-5+ days
-Roadmap: Undisclosed
$USD’
We think this makes clear what the current situation in the financial world is. When you surf to the website of Wanchain, the first thing you see is ‘open finance is currently broken’. Open finance is enabling financial freedom, empowerment, and connectedness that we’ve never experienced in history. Wanchain is seeking to accelerate this change through global connectivity. Wanchain was already striving for DeFi before the term was invented. With Wanswap, they now have the ideal accellerator in house.
For blockchain systems that do not support smart contracts (such as Bitcoin), they apply the ECDSA TSS scheme. For blockchain systems that support smart contracts (such as Ethereum and EOS), they apply the Schnorr TSS scheme. WanSwap was audited by Wanchain’s devs and we will also proceed with an external audit.
Blockchain is technology and the future inevitably follows this path. Hundreds of Blockchain projects have invested an extreme amount of resources over the years, their technology is already a reality. Businesses will inevitably seek to benefit from this development. This is just a bump in the road, but we keep looking at the horizon head-on.
Here the important thing is the people and how they manage the ownership of their resources (their data as well) on a technology that guarantees their security and an optimal decentralization of the entire ecosystem. Conceptually, from a social point of view, the Blockchain is unique, and that will always make it different. Each project explores different technological strengths. Blockchain is an abstract element, its reality is a conglomerate of different and extraordinary technologies
In practice, this means that most mining activity takes place in China; according to CoinShares’ research, it is more than 60 percent of all miners. The low cost of electricity is because renewable energy has a 30 percent excess production in these regions. So you could argue that bitcoin mining is actually creating more renewable energy. Is there somewhere in the world where renewable energy is generated? Then miners will go there, and the demand for this renewable energy will only increase…
This leads to intense, but above all very interesting discussions. The growth of the project is primary, unlike other projects, where it is often about ‘lining the pockets’ of the select core team. Decisions are therefore not made in haste. This is important for long term growth and to keep the project healthy. However, this does not mean that we are not ambitious. Our ambition is actually quite simple: we want to become the leading cross-chain AMM DEX!
When you supply liquidity to a WanSwap liquidity pool, you receive WSLP tokens in proportion to how much liquidity you supply to the pool. When a trade is facilitated by the pool a percentage of the fee is proportionally distributed amongst all the liquidity pools token holders. If you withdraw your assets from the pool, you will receive the earned fees but your tokens will be burned.
The liquidity pool token for WanSwap is WSLP, in WanSwap you can use your WSLP to withdraw your assets from the pool and it can be used for mining governance tokens: WASP.
Project owners advantages:
Our community is also a collection of different nationalities. We have an English speaking TG group, a Spanish speaking TG group and a Chinese WeChat group: all purely focused on Wanswap. So we do not feel limited by ‘borders’ at all. Building bridges in, and alongside crypto, is one of our most important values.
Continue reading on BTC Peers
Source: Cryptocurrency - investing.com
