Coinswap Space: The Future of Decentralized Exchange
There may be many DEX (Decentralized Exchange) coming in and out of the digital market nowadays, but CoinSwap Space is different.
Today we will be going to enumerate some of the best features of CoinSwap Space, and why do you need to keep an eye on this very promising project.
What is CoinSwap Space? CoinSwap Space, also known as CSS, provides a suite of products and services in decentralized finance. Unlike any other swaps, CSS uses BSC or Binance Smart Chain to provide incentives to its community, for supporting the AMM model.
What is AMM? Technically, AMM or also known as Automated Market Maker is the one responsible for keeping the DeFi (Decentralized Finance) ecosystem liquid or working 24/7 thru liquidity pools.
AMMs allow digital assets to be traded in a permission less and automatic way by using liquidity pools rather than a traditional market of buyers and sellers.
What is a Liquidity Pool? Generally, a liquidity pool is a collection of funds locked in a smart contract. Liquidity pools are used to facilitate decentralized trading, lending, and many other functions. It is also the backbone of many traditional DEX.
What is a Swap? Swap mainly is a trading platform that provides liquidity. How about Yield Farming? Is it the same with a Swap? No, it is not. Since yield farming is the effort itself that you put for your crypto-assets to work and generate the most returns possible on those assets.
What’s the difference when it comes CoinSwap Space? Here are some things that you should consider when it comes to using the CoinSwap Space Platform:
- It uses Binance Smart Chain and not Ethereum, eliminating the high gas fee.
- CSS is an AMM, or a DEX without order book, where people can freely trade because the real value comes from the swap. And this is its foundation, that is why CSS is autonomous.
- It gives you 15% rewards when you refer a friend.
- It is verified and secured by CertiK.
- It also gives you a lot of options when it comes to your tokens, as we capitalize mainly on the utility and usage of your tokens. We also offer NFTs.
Overall, CoinSwap Space has a lot of potential and probability to grow big in the future. This is because it is not only an incentivized DeFi Protocol or DEX, but it gives value to its tokens to maximize its usage. Giving incentives to its community for their efforts on the AMM model.