INTRODUCTION TO OXCHANGE FINANCE NON-FUNGIBLE LIQUIDITY TOKEN REWARD.
INTRODUCTION to OXCHANGE FINANCE DECENTRALIZED EXCHANGE
Oxchange finance is a Decentralized exchange built on a polygon Blockchain technology to foster crypto activities with high level of efficiency and security. Oxchange is a top notched Decentralized exchange designed to enhance easy usage of Cryptocurrency.
OVERVIEW OF BLOCKCHAIN AND CRYPTO EXCHANGE
Blockchain technology is a type of technology that records information on multiple computers located at different part of the world. It records information on a public ledger as blocks which is attached to previous blocks of information thereby forming a a chain of blocks. Information recorded are secured with cryptographic encryption making it the most secured system of ledger system. Cryptocurrency is built on Blockchain Technology protocol that enhance Transparency, trustworthiness, fairness and Decentralization. Cryptocurrency advent marks the beginning of Decentralization and strategic and paradigm shift of power to users/owners to control, owned and have total authority over their asset. Cryptocurrency brought in an era of Decentralized finance, where transaction are made without an intermediary. Bitcoin been the first successful Cryptocurrency project that became popular which increased the numbers of users across the world(massive adoption). After the successful development of Bitcoin and Bitcoin Blockchain, other Blockchain start coming into the forefront of Blockchain technology with an advance features such as smart contract capabilities that serve as am underlying protocol to run self executing program. With this new development and advancement, several coins and tokens have been created since then. As users increases and more investors now come into the crypto space there is a need to ensure the ease at which this token can be swapped or exchanged for the other. The mechanism that ensures this possibility is known as liquidity.
CENTRALIZED EXCHANGE LIQUIDITY
To enable the ease at which users can swap between token/buy token, a centralized exchange became inevitable means of achieving this liquidity. This means was put in use for some years before a better mechanism was put in place with Maximum security, transparency and trustworthiness. Liquidity on a centralized exchange is achieved through big institutions who serve as liquidity provider. This system does not give room to anyone to be a liquidity adder except t big institutions.
DECENTRALIZED EXCHANGE LIQUIDITY PROTOCOL
The advent if Decentralized exchange based on smart contract protocol further increase the value to Blockchain Decentralization capacity by ensuing every activities carried out on Blockchain is totally Decentralized. Dex exchange has a lot of benefits attached to it such as maximum security measures put in place to enable users complete and absolute control over their their asset. Dex is built on automated market maker protocol that enable users to add to liquidity base on their capacity. Users are then rewarded with the ecosystem token from transaction fee charged on every transaction.
OXCHANGE FINANCE LIQUIDITY PROTOCOL
Oxchange operates in same maaner as every other exchange but with a better and more enhance user interface and unparalleled features that set it as number one Dex exchange in the crypto space that operates as a gasless Dex. Liquidity on oxchange can be added by anyone just as other Dex, however the reward given to liquidity adder is a non fungible token. This is a new revolution in the History of Decentralized exchanges. NFT otherwise known as non fungible token give users ownership certification. According to statistics, NFT market became popular with billions of dollars invested in them. NFT has gained more popularity in game and metaverse space. Oxchange finance ecosystem reward those who inject more token into liquidity pool with NFTs
USEFUL LINK
Website: https://oxchange.finance/
Medium: https://medium.com/@oxchange.finance
Twitter: https://twitter.com/oxchangefinance
Reddit: https://www.reddit.com/r/oxchange/
Telegram: https://t.me/OxchangeFinance
WRITER’S INFORMATION
Btt username: foreve101
Btt link: https://bitcointalk.org/index.php?action=profile;u=3485510
POA: https://bitcointalk.org/index.php?topic=5444981.msg61942880#msg61942880
Wallet address: 0x5C3ba341c60d34D544f6819887b07Ce0013c58Be