WapSwap - a new Cross-Chain Swapping Protocol
As a crypto investor you may searching for a good a platform of liquidity pools. There are many of them on the crypto-world. Among them I can name Bancor and DEXs such as IDEX, Etherdelta and others. There is one more platform which is not so well known. This is a new project of WapSwap, which has been created by WapExchain team under the name "WapChain".
Details about WapSwap:
The idea of the project was to create a new cross-chain swapping protocol based on Binance Smart Chain technology. The main idea is quite simple. You can exchange your tokens from BSC to another token just by transferring your BSC from an exchange wallet to WAPEX wallet (the exchange wallet will be set up automatically after the registration). Then you can transfer the other token to your BSC wallet, and in this way you can swap your tokens and get the new ones. The main purpose of WapSwap is to create a new system of liquidity pools which can solve the problem of a lack of liquidity in the crypto-world.
Objectives of the company:
The main purpose of the project is to create a new system of liquidity pools which can solve the problem of a lack of liquidity in the crypto-world. The idea behind this proposal is that instead, each exchange will have their own private pool and it will be used for all trades within an individual exchange's platform. This way, when one person wants to sell some coins on Binance or another person wants to buy them on Poloniex then they would go through their respective exchanges' private pool rather than using public ones like Coinbase or Kraken as well as other smaller platforms who also use public markets such as Bitfinex and Gemini since these are just too big..
One Stop for Cross Chain Swapping:
The main idea of the project is to create a new system of liquidity pools which can solve the problem of a lack of liquidity in the crypto-world.
The main purpose for creating WapSwap was to provide an easy way for users on different exchanges and wallets to swap their coins with each other, without having any fees or relying on third parties such as centralized exchanges like Binance. In addition, it will also allow users from all over the world access into various markets that were previously inaccessible due to language barriers or geographical location restrictions..
How it works:
The amount of token to get swapped needs permission to shift on the other specified chain using the ChainSwapToChain() Event. The swap is executed by transferring all tokens in your account from one address to another and then sending a transaction that transfers them back, but with an additional output for the new destination address. If you want this operation done without any fee or delay, it should be performed as part of a contract transaction (see below) so that no extra gas costs are incurred.
When the event is emitted, a signal transfers to the other chain with the amount specified from the first chain. The transfer of information between two chains can be done in many different ways and may involve some type of authentication process so that only allowed parties are able to receive or send messages. This model allows for multiple events on each channel at any given time, as well as communication across channels without having to go through an intermediary node like a server.
Conclusion:
Finally it can be said that WapSwap is a very promising idea that has the potential to change the way cross chain swapping functions in the crypto-world. This can be very beneficial for businesses and consumers alike and will help establish a new standard of liquidity, which will eventually lead to a better market where you can find more coins at higher values.
Official Channels:
Website: https://wapswap.finance/
Whitepaper: https://wapswapfinance.gitbook.io/wapswap/
Roadmap: https://wapswapfinance.gitbook.io/wapswap/roadmap
Tokenomics: https://wapswapfinance.gitbook.io/wapswap/tokenomics
Telegram: https://t.me/WapSwapFinance
Reddit: https://www.reddit.com/r/WapSwapFinance/
Twitter: https://twitter.com/WapSwapFinance
Facebook: https://www.facebook.com/WapSwapFinance/
Launch App: https://dapp.wapswap.finance/
Author Details:
Bitcointalk username: Rangerman
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2312163;sa=summary
Telegram Username: @Rangerman23
Binance Smart Chain wallet address: 0xDFBC2D5A13A1E3Cd6527ae3E358A6Ec26bEeEbA6