Splash Swap - Decentralized Exchange

cryptoinmind (30)in #splash • 2 years ago

Overview:

You probably know the drill with cryptocurrency exchanges. Sign up with your email, come up with a strong password, verify your account, and start trading cryptocurrency.

Decentralized exchanges are like that, minus the hassle of sign-ups. In most cases, there’s no depositing or withdrawing crypto. The trade happens directly between two users’ wallets, with limited (if any!) input from a third party.

What Is a Decentralized Exchange (DEX)?

Decentralized exchanges are a type of cryptocurrency exchange that allows for direct peer-to-peer cryptocurrency transactions to take place online securely and without the need for an intermediary.

In a centralized crypto exchange, most of the control over your account remains in the hands of the third party which runs the exchange. On the other hand, with a decentralized exchange, all the control of the account remains with you.

Pros of DEXs
No KYC - KYC/AML compliance is the norm for many exchanges. For regulatory reasons, individuals must often submit identity documentation and proof of address. This is a privacy concern for some and an accessibility concern for others. What if you don’t have valid documents on hand? What if the information is somehow leaked? Since DEXs are permissionless, no one checks your identity. All you need is a cryptocurrency wallet.
No Counterparty Risk - The primary appeal of decentralized cryptocurrency exchanges is that they don’t hold customers’ funds.
Unlisted Tokens - Tokens that aren’t listed on centralized exchanges can still be traded freely on DEXs, provided there’s supply and demand
What is Splash Swap?
SplashSwap is a decentralized exchange on the Binance & Ethereum Chain where you can buy, sell, trade, stake, and farm your tokens without any registration. Splash was created with a vision to build a high-quality token with meaningful properties and simultaneously create its very own SplashSwap Exchange. Token was created in November 2021 and Splashswap will launch in February 2022

SplashSwap platform offers a range of DeFi solutions

Swapping - a way to perform peer-to-peer swaps of crypto-assets without having to trust a custodian or counterparty. SplashSwap is a leading crypto swap protocol, to the Smart Economy, allowing the users to - Swap, Hold, Send, Receive, Earn, Invest, Borrow and Lend their favorite assets.

Staking - SplashSwap will bring together different platforms to give its users the highest rate of interest in Staking pools.

Yield Farming - SplashSwap yield is the first of its kind. It allows users to participate in staking and earn rewards directly on the platform. Users are able to securely stake a growing number of PoS and DPoS assets all while earning extra rewards in Splash tokens. The users can stake their SPL tokens to earn many other assets. The platform aggregates users’ staking interests and delegates assets to trusted validators on their behalf.

What is Splash token?
Splash is a token of SpashSwap. Created Spash to get rewards from SplashSwap. You get rewarded with Splash when you are farming or stalking Splash or any other Token.

Name: Splash
Symbol: SPL/ ESPL
Blockchain: BSC/ETH
Total Supply: 1.000.000.000

Roadmap

Conclusion:
SplashSwap is going to become a one-stop-station for major DeFi protocols, which means new passive income opportunities and even more tokens in your wallet. Jump on the bandwagon and become one of the early adopters! The first investors will enjoy premium features and more SPL tokens!

Splash Swap - Decentralized Exchange

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