123Swap Business Model: A Peek into the Ecosystem that Drives the 123Swap Project

#123swap #private #seed #tokensale #started #trending #Exclusive #Crypto #Trading #Trending #defi #123swapfinance #invest #earlystage

The 123Swap ecosystem is set to be one of the most-thriving ecosystems in the cryptocurrency market. This ecosystem is powering most of the business models and future development tendencies of the 123Swap project.

This article reveals some of the business models of this unique cryptocurrency project:

123BRIDGE
This is the primary business model. The 123Bridge business model is looking to further decentralize the way we swap cryptocurrencies. As you may have known, cryptocurrency swaps are common in Decentralized Exchanges (DEXs).

Some challenges could potentially limit the scope of these swaps. Some of these challenges are high swapping fees, limited pairs to swap with and for, as well as the inability to swap across blockchains.

To resolve that, 123Bridge came up with the brilliant idea of enabling cross chain cryptocurrency swaps, a model that allows the users to swap their favorite coins and tokens across blockchain networks.

Already, 123Bridge has made contact with leading blockchain platforms, such as Binance Smart Chain (BSC), Ethereum (ETH) and Polkadot (DOT). What this means is that you can now swap the cryptocurrencies on any of those blockchains on the other. That is, swapping a coin or token on the Ethereum blockchain for one on the Binance Smart Chain (BSC).

123SWAP
This is the second most important business model of the broader 123Swap ecosystem. On 123Swap, you can take advantage of the Peer-to-Peer (P2P) cryptocurrency swapping model to swap your coins and tokens with the other users on the platform.

123GOV
Governance is also a part of the business models proposed by 123Swap. The platform is interested in returning power to the end-users under a fully-decentralized ecosystem. The 123Gov subset of the ecosystem is a medium for the users, especially the holders of the 123Swap token to vote for or against the introduction of or amendment of a blockchain project.

123NFT
Non-Fungible Tokens (NFTs) are digitalized variants of assets. They are used to verify the ownership of those assets, as well as make it impossible for others to lay claim to those assets, because they are limited.
The 123NFT platform is a medium to make that work, and under a decentralized architecture. Also, the NFT transactions here are done on a Peer-to-Peer (P2P) basis.

123LEND&BORROW
The cryptocurrency market is offering advanced and user-centric financial models than traditional finance models have to offer. The 123Lend&Borrow platform bears testimony to that.

In this platform, the users can lend their crypto-assets (coins and tokens) to those who need and earn interests by the time those assets are repaid.
With the use of stable cryptocurrencies as collaterals and low interest rates, I am sure that this is one of the best ways to borrow money and make passive income as well in the crypto market.

FINAL THOUGHTS
123Swap seems to have an all-encompassing business model that cuts across most of the important niches in the cryptocurrency market. Thus, I am optimistic that the long-term projects of the project would be massive.

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'S DETAILS
Bitcointalk Username: Nekkyush
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661429

Wallet: 0x04e4b70c8A7860BC85E4D6dBCc830B1Cc0F0a222