Almost everyone in the blockchain space thinks that decentralized exchanges (DEX) are the way of the future for cryptocurrency trading and decentralized finance. There is already a plethora of decentralized exchange platforms that allow users to use peer-to-peer (P2P) transactions. Numerous decentralized exchange protocols are also currently under development or are available for live trading. In the decentralized finance space, the biggest decentralized platforms by transaction volume include Uniswap, dYdX, Compound, Uniswap, and PancakeSwap.
Coinswap Space is a decentralized exchange that enables customers to maximize their returns in the DeFi space by providing a package of services. Coinswap Space is built on the Binance Smart Chain and leverages smart routing to provide consumers with the highest potential return on their investment.
In recent years, there has been a remarkable rise in the popularity and usage of decentralized exchanges. One of the prominent platforms in the decentralized finance (DeFi) ecosystem is Coinswap Space.
Coinswap Space is a decentralized exchange running on Binance Smart Chain. Since the platform’s introduction in April 2021, it has grown dramatically in terms of both user base and liquidity of supported assets, as well as the breadth of functionality and features available. Coinswap Space enables stakeholders to maximize their returns in the DeFi space by providing a package of services and giving users the highest potential return on their investment.
So, what makes the Coinswap Space platform unique? There are many reasons why Coinswap Space may be a DEX platform of choice. Guided by its vision to create a strong foundation for the community by giving them incentives in exchange for their support of the AMM model, Coinswap Space operates on an automated market maker (AMM) model, allowing users to trade against a liquidity pool. These pools are filled with users’ funds. They deposit them in the pool in exchange for liquidity provider (or LP) tokens. They can now redeem those tokens for their share, as well as a percentage of the trading fees.
Coinswap Space may now be considered a whole ecosystem of DeFi products, all built around the platform’s native utility and governance token, CSS. Creating CSS tokens can be utilized to purchase products and services offered on the CSS platform. Additionally, these tokens can be used as an investment tool that generates value for the community and supporters. Because CSS is both a utility and governance token, the platform implements on-chain voting mechanisms that let the CSS holders help shape the protocol’s future, allowing collaboration opportunities, more involved community, and efficient project development.
As a competitive platform, Coinswap Space is taking on PancakeSwap, the most popular DEX on BSC, by offering lower trading fees and more robust tokenomics. CoinSwap Space offers transaction fees of just 0.2 percent, versus 0.25 percent for PancakeSwap. As traders seek to increase their profits, Coinswap Space might prove more appealing to investors due to its strong set of tokenomics. When fees are paid on the network, Coinswap’s native token CSS is bought back and burned, just like CAKE tokens on PancakeSwap. CSS, on the other hand, has a hard cap of 19,999,999, unlike CAKE, which has none. CSS tokens become truly deflationary as a result, increasing the incentive to hold them for the long term.
To put potential investors’ minds at ease, Coinswap has been audited by several credible blockchain security firms, including CertiK. The platform has already been audited before launching by CertiK, a market-leading security-focused firm that specializes in blockchain and hacker-resistant smart contract protocol analysis. Coinswap’s protocol was examined using Formal Verification technology and it was scored for weak points. Also, Coinswap Space has partnered with renowned organizations in the crypto world, including Cryptonuts, Klever, WorldCoin Index, DappRadar, CryptoCompare, Coinpaprika. Dex. guru, CoinMarketCap, Ramp, Apeboard, and more.
The Coinswap Space platform can launch new pools since it is an automated market maker that can apply smart routing to provide its clients with the best available swapping rates, slippage, and price impact pools. Coinswap offers a variety of yield farming pools and incentivizes many liquidity pairs by offering LPs the option to stake their CSSLP (CoinswapSpace Liquidity Provider) tokens.
Additionally, Coinswap Space’s unique referral system and fast trading make it better than other DEX platforms. Coinswap is the first DEX platform to offer a unique referral program that rewards users with a 15% referral bonus when their friends claim their staking or farming rewards. Trading on the platform becomes easier and faster as it allows users to buy cryptocurrency using their credit or debit card.
Due to the rapid expansion of the DeFi space, Coinswap Space continues to offer a suite of new DeFi products and deliver quality services to help users maximize their earning opportunities.
So what are you waiting for? Start your trading journey on one of the best DEX platforms. Invest in Coinswap Space now!