THE VARIETY OF DEFI SOLUTIONS OFFERED BY 123SWAP
In this article, I will talk about some of the solutions offered by the 123Swap platform in the Decentralized Finance (DeFi) market. Of course, this project is approaching the decentralized cryptocurrency trading market from a different perspective.
THE CONCEPT OF 123SWAP
123Swap is a platform that decentralizes or removes intermediaries from the point of trading. As a DeFi-focused platform, it intends to buttress the point for intermediary or middleman-free trading ecosystem.
On the 123Swap platform, you can have access to a plethora of decentralized trading tools.
THESE ARE SOME OF THE DEFI SOLUTIONS OFFERED BY 123SWAP:
NFT MINTING
The craze for Non-Fungible Tokens (NFTs) has been going on for many months now. In fact, NFT is one of the trends that added more money into the valuation of the cryptocurrency market. The possibility of tokenizing almost every physical or real-world asset proved to be a business model that many cryptocurrency enthusiasts wouldn’t overlook.
Although more trends and ecosystems are emerging in the cryptocurrency market, none has been able to displace NFTs. Instead, most of these projects find a way to integrate NFTs into their ecosystems.
123Swap is making this trend more exciting by offering NFT minting. In this NFT minting platform, the users can mint or trade Non-Fungible Tokens (NFTs) on a Peer-to-Peer (P2P) basis. This is, of course, in line with the decentralized ecosystem used by the 123Swap platform.
SWAPPING
Swapping or exchanging one crypto-asset for the other couldn’t have been any easier, as 123Swap makes it to be. Rather than waiting for a long time or spending a lot of money to swap your tokens, all of these can be done instantly on 123Swap.
The 123Swap cryptocurrency swap ecosystem charges only infinitesimal fees, processes transactions in a few minutes and can be used across blockchains. Talks are already on between the 123Swap team and those of the Binance Smart Chain (BSC), Ethereum (ETH) and Polkadot (DOT) to enable the real-time transmission of cryptocurrency swaps across those blockchain networks.
STAKING AND YIELD FARMING
123Swap is also opening up its ecosystem for passive income opportunities. The users can stake their crypto tokens/coins to earn interests. Also, these crypto-assets can be added to the liquidity pool or used as the currency to “farm” new crypto-assets for rewards.
DECENTRALIZED BORROWING
It is time to call it quits with the high interest rates charged by the banks and other related traditional financial institutions. 123Swap is offering you the opportunity of a lifetime – an opportunity to borrow and lend money without any intermediary.
The 123SwapLend&Borrow service offers lenders and borrowers the opportunity to offer cryptocurrencies and borrow the same in a peer-based and low interest ecosystem.
CONCLUSION
123Swap is committed to offering a variety of solutions for the increased financial inclusion of most cryptocurrency enthusiasts. The Decentralized Finance (DeFi) ecosystem could just be getting set for more massive adoptions, considering the use cases and the disruptive tendencies offered by the 123Swap project.
Now tell me why you won't want to be a part of this amazing project.
For more information, follow the links below;
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/
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AUTHORS DETAILS
Bitcointalk Username- Devotea
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