"Intrоduсtіоn WapSwap"

Decentralized Finance, often known as Defi, has been a huge boon to the blockchain sector and the globe at large. Defi develops a decentralized financial instrument free of traditional centralized institutions, similar to how cryptocurrency serves as a secure decentralized store of value.

There has been an increase in scam projects in the Defi market, similar to the ICO bubble of 2017–2018. These scam projects have taken advantage of the Defi industry's growing popularity. Newcomers to the Defi space who haven't or can't adequately research these projects are the ones who are most affected.

As a blockchain writer, I've decided to write this article to assist novices in recognizing legitimate and real projects. There are quite a few of them. Today I'm going to talk about one of the best I've ever seen. This project, I believe, is one of the 2021 Defi project survivors.

What is WapSwap?

WAP$WAP is a Binance Smart Chain (BSC) Automated Market Marker (AMM) protocol that integrates multi-strategy yield optimizing with low fees/slippage, as well as aggregation through vault compounding, lending, and yield creation for maximum returns. WAP$WAP has the ability to open up completely new financial markets, products, and services. Built on top of blockchain networks, this ecosystem of financial apps.

An open-source, permissionless, and transparent financial service ecosystem that is open to anyone and works without the need for centralized control. Users would have complete ownership over their assets and engage with the ecosystem via decentralized peer-to-peer (P2P) applications (apps). WAP$WAP does not rely on institutions like banks or courts to act as middlemen or provide arbitration.

Features of WapSwap

Swapping

Swapping is the process of swapping one cryptocurrency for the equivalent value of another. When opposed to traditional financial services, WapSwap offers various advantages. WAP$WAP creates liquidity pools of tokens that users may access to swap using the AMM mechanism. You will be charged a 0.25 percent trading fee when you make a token swap (trade) on the exchange, which is divided down as follows:
0.18% — Returned to Liquidity Pools in the form of a fee reward for liquidity providers.
0.02% — Sent to the WAP$WAP Treasury.
0.05% — Sent towards $WAP buyback and burn.

Cross-chain Swapping

A cross-chain swap allows tokens to be traded between multiple blockchains without the need for an intermediary. Due to technological differences, trading tokens directly from one blockchain to another was impossible until WapSwap developed an innovative WAP token with the ability to convert its own chain with simple burning, minting, and a highly encrypted code that helps to verify transactions made on a different chain.

Farming

Yield farming is a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts.

Staking

A staking pool is a group of coin holders merging their resources to increase their chances of validating blocks and receiving rewards. They combine their staking power and share the rewards proportionally to their contributions to the pool. $WAP” TOKEN Staking involves the locking up of assets to participate in the validation of transactions on proof-of-stake blockchains, with a financial “reward” provided in terms Of different Tokens. This offers a digital asset alternative for yield generation in today’s low or negative interest rate environment.

Liquidity Pools

Liquidity measures how easily one asset may be exchanged for another without impacting its value. Liquidity describes how easily an asset can be acquired or sold. To provide liquidity, you can add your WAP$WAP coins to liquidity pools, or LPs. You will be compensated as a liquidity provider in the form of trading fees. The charge is 0.25 percent of the WAP deal, with 0.18 percent going to the swap pair's liquidity pool.

Tokonomics

Trading tokens directly from one blockchain to the other was impossible due to the technological differences between them until WapSwap developed an innovative WAP token which haves the power to convert its a chain itself.
Chain Network: BSC, Polygon
Token Name: WapSwap
Token Ticker: WAP
Initial Supply: 1,890,000 WAP
Total Supply: 21,000,000 WAP

Conclusion

WapSwap will become a one-stop-station for key Defi protocols, meaning more passive income and tokens in your wallet. Become an early adopter and join the bandwagon! First investors get special benefits and extra WAP tokens!

Mоrе іnfоrmаtіоn аbоut thе рrоjесt

Website : https://wapswap.finance/
Whitepaper : https://wapswapfinance.gitbook.io/wapswap/general-faq
Twitter : https://twitter.com/WapSwapFinance
Facebook : https://www.facebook.com/WapSwapFinance/
Telegram : https://t.me/WapSwapFinance
Medium : https://wapswapfinance.medium.com/
Reddit : https://www.reddit.com/r/WapSwapFinance/
Author
Bitcointalk username: ashraf100786
Bitcointalk link: https://bitcointalk.org/index.php?action=profile;u=1776447
BSC Wallet Address: 0x3AC78d7Ce5782C08AE27b8C216cAa31653a77509