WapSwap Provides Unique Swapping

in #wapswap3 years ago

13.jpg

A one-stop-shop for blockchain-based integrated financial services, WAPSWAP uses smart contracts and distributed systems to offer total transparency to its customers throughout the network. Its financial products are also simplified and carry forward finance in a smarter way. Using WapSwap's unique swapping solution, consumers can easily and securely exchange currencies and swaps. For more information about the exchange and its features, please visit wapswap.com.The company provides users with a wide range of features. One of its major features is the ability to trade any token with the equivalent of an ERC-20 or ETH token. The underlying value of the asset can then be determined by a constant equation. The system can be used to exchange a large number of currencies, including cryptocurrencies. For more information, visit wapswap.com.

About The Features Of WapSwap

Another unique feature of WAPSWAP is its cross-chain swapping functionality. Its dedicated system is capable of handling a wide range of financial transactions. The platform also provides an integrated blockchain for cross-chain swapping. For example, a company called TSI issues a bond with a fixed interest rate. However, its management feels that a floating interest rate will help it obtain more cash flow. So, TSI enters into a cross-chain swap with its counterparty bank, wherein it pays a fixed rate but receives a floating rate.Using WapSwap, users can purchase ether (ETH) and thousands of ERC20 tokens. The system allows for the full exchange of principal. Additionally, investors can also use the platform to buy ETH. This cryptocurrency exchange supports multiple types of cryptocurrencies and offers a unique swapping experience. The process is secure and transparent, and is backed by the Uniswap Protocol.

16.jpg

More About WapSwap


By utilizing an integrated platform, users can exchange and receive UNI from multiple exchanges. Each user can claim UNI by sending the tokens to another wallet. The process also allows the user to earn additional returns on LP tokens. For this reason, the protocol has become popular with cryptocurrency enthusiasts, and it is able to exchange currencies efficiently. This protocol is also compatible with several major payment methods.In the interest of transparency and security, UNI is the governance token of WAPSWAP. UNI is one of the largest cryptocurrencies and reaches its peak value of over $44 in the market. UNI tokens are widely used in yield farming and many yield farming pools require UNI. In addition, UNI is available in both the US and the UK. Its currency-swap is a unique swap.The price of an ERC20 token can be determined by using a unique swapping algorithm. ETH tokens are traded on a fixed exchange. The other ERC20 tokens are exchanged for an ETH-based counterpart. ETH and UNI are used in cross-currency swaps. The UNI exchanges are also available for a wide variety of digital assets.

About Cross-Chain Swapping


A cross-chain swap enables trading tokens across different blockchains without using an intermediary party (e.g. an exchange service) in the process.
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 power to convert it's chain itself with simple burning, minting feature and a highly encrypted code which helps to verify the transaction made on a different chain.
Yes it's completely server less (two chains interacts directly with each other).
For example, if Nemo wants to swap WAP tokens from BSC to Polygon chain.
Step 1 : Connect wallet with Binance Smart Chain.
Step 2 : Go to Chain Swap feature on WapSwap.
Step 3 : Enter the number of WAP tokens you want to swap, click 'chain swap' and approve the transaction.
Step 4 : Copy the encrypted code of that particular transaction.
Step 5 : Click 'change network' to change your chain network from BSC to polygon.
Step 6 : Paste the encrypted code at the claiming section, click 'claim' to claim your WAP tokens on Polygon Chain and approve to transaction. The number of tokens nemo swapped were burnt from BSC chain (excluding 1% swap fee) and the same amount was minted on polygon chain with direct interaction between two smart contracts on different chains, with the help of encrypted data and identical wallet addresses as both chains are ERC20 based.
The encrypted code includes the necessary information which is required to verify the transaction on different chain, to ensure the quantity to mint and deliver the tokens to correct chain and wallet address.
The protocol will maintain the total supply of tokens across all chains i.e. if the total supply of WAP tokens are 21 million then the total supply of WAP token including all chains will be 21 million, unlike other tokens which haves supply on multiple chains and their total quantity of all chains exceeds their total and max supply.

7.jpg

Conclusion


The exchange offers a wide variety of payment options, including the ability to swap indexes. As the currency exchange rates fluctuate daily, the exchange is dependent on the swap rate. XOR is a generalization of a proof that allows for a swapping of a fixed-rate pair. In the event of a negative exchange rate, an XOR is not a valid index.Unlike fixed-rate swaps, aWAPSWAP is unique in its ability to offer a unique set of rates. A single transaction may be made between two parties using different indexes. Alternatively, the exchange may be based on an interest rate. With the WapSwap, companies can swap their payments according to their own preferences. This makes the exchange a one-stop-shop for the exchange of different kinds of assets.The exchange uses a temporary variable to swap variables. The value of each variable is assigned to a temporary variable. This is an ideal method for swapping large numbers. It is easy to implement and works with any type of value. Currently, the exchange has a live trading platform. Despite its many benefits, it has a limited number of users and is difficult to scale. Its main limitation is that it requires a huge amount of memory, and it's not as convenient as a standard XOR swap.


✅ For more info


Website:https://wapswap.finance/
Twitter:https://twitter.com/WapSwapFinance
Medium:https://wapswapfinance.medium.com
Telegram:https://t.me/WapSwapFinance
Reddit:https://www.reddit.com/r/WapSwapFinance/
Whitepaper:https://wapswapfinance.gitbook.io/wapswap/
Facebook: https://www.facebook.com/WapSwapFinance/


Hashtags: #wapswap #wapswapfinance #wap #blockchain #cryptocurrency #technology #bitcoin #fintech


✅ Writer


Bitcointalk Username: Hurs1965
Bitcointalk Profile Link: https://bitcointalk.org/index.php?
action=profile;u=2252434;sa=summary

Telegram Username:@Hurs2021
BSC Wallet Address:0x378f91A1283084a5FDCD16BCFE778fb000de3DCC

Coin Marketplace

STEEM 0.20
TRX 0.14
JST 0.029
BTC 67443.68
ETH 3234.73
USDT 1.00
SBD 2.65