The Factors that make 123Swap Quite different from the other DeFi Aggregating Platforms
123Swap is offering serious competition to the other Decentralized Finance (DeFi) aggregating platforms. In this article, you will find out is competitive advantages, and possibly, learn why you should consider it for your next DeFi trades.
ARBITRAGE IS POSSIBLE
Arbitrage trading is not always possible on some Decentralized Finance (DeFi) trading platforms. This type of trading model involves buying a cryptocurrency on one platform and selling it on another. Usually, an arbitrage makes profits from such trades by taking advantage of the tiny differences in the prices of the assets on the two trading platforms to be used.
For example, an arbitrage may want to buy Bitcoin (BTC) for $48,000 on Binance and sell it on KuCoin where it is trading for $48,100. Over time, these tiny price differences can be accumulated to amount to huge profits.
123Swap is offering something similar, but for the Decentralized Finance (DeFi) ecosystem. This would be one of the major efforts at opening up the DeFi market for more trading opportunities, other than just swapping one crypto-asset for the other.
To make this possible, 123Swap focuses on looking for the best price differences in the market. Once these differences are found, it would make the prices available for its users to take advantage of to carry out arbitrage trades.
123SWAP RESOLVES LIQUIDITY INEFFICIENCY
Liquidity is the singular factor that dictates if a transaction can be processed or not. The absence of liquidity means that there aren’t enough funds laid down to facilitate transactions.
Some Decentralized Finance (DeFi) platforms, such as Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs) are not always up-and-running to ensure that liquidity isn’t limited.
This is why the 123Swap platform looks into every aspect of liquidity. It deploys the DEX Liquidity Oracle (DLO) to find out and resolve any liquidity issues that might have negative impacts on facilitating transactions.
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COMMUNITY BACKING
The 123Swap project is backed or supported by a strong community, made up of cryptocurrency enthusiasts and investors. These set of individuals are also committed to the success of the project, which is why a majority of them are “strong hands”; refusing to sell their 123Swap tokens until the maturity of the project.
STREAMLINED WORKFLOW FOR TRADES
123Swap processes transactions faster, thanks to the interoperability with other blockchain networks. The platform can allow token swaps via its platform’s connection to other platforms, such as Binance Smart Chain (BSC), Ethereum (ETH) blockchain and Polkadot (DOT).
UNLIMITED TRADE POSSIBILITIES
123Swap is also making cryptocurrency trades unlimited. This is made possible via several trading tools made available on the platform. The Limit Order trading tool allows you to specify the amount you are willing to buy a cryptocurrency, while the Stop-Limit Order tool allows you to specify how much you are willing to lose before getting kicked out of the market.
FINAL WORDS
123Swap is really offering a different perspective to cryptocurrency trading, especially under a decentralized architecture. Thus, I am optimistic that it will be a force to content with in the DeFi space in the coming months after its launch.
USEFUL LINKS;
Website : https://123swap.finance/
Whitepaper : https://docs.123swap.finance/123-token-sale/123swap-token-allocation
Twitter : https://twitter.com/123swapfinance
Telegram : https://t.me/my123swap_chat
Linkedin : https://www.linkedin.com/company/123swap/
Reddit : https://www.reddit.com/r/123swap/
Medium : https://medium.com/@123swap
Instagram : https://www.instagram.com/123swapfinance/
AUTHOR
Bitcointalk Username- Hassat
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2767680;sa=summary
BSC Wallet: 0x6a072f861DF9a747b86a14EF8F899e26a7F4faDe
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