PRESS RELEASE. Many companies want to be ready to face the inevitable Web3 transition, given the global increase in decentralization, emerging technologies such as NFTs and blockchain, and their unprecedented rise.
As such, ‘The Swappery’ has recently announced its highly-anticipated decentralized exchange (DEX) launch on the Casper Network. The DEX launched back on March 20,21 via Binance Smart Chain, (BSC), and is currently available on the Casper Blockchain mainnet. The Swappery, the Casper Network’s first functional cross-chain DEX, has been officially launched. It is a landmark in the Casper Ecosystem, and the highlight of this initiative.
What exactly is a DEX and how does it work?
Decentralized exchanges are Peer-to-Peer (P2P), marketplace where trades take place directly between cryptocurrency traders. DEXs are crucial because they fulfill one of the crypto sector’s core possibilities, namely fostering financial transactions which are not officiated by banks, brokers, or any other kind of third party or intermediary, effectively removing the ‘middleman’.
BSC is the basis of many popular DEXs such as PancakeSwap or BiSwap. Now, The Swappery can be added to this growing number. As previously stated, The Swappery was the first DEX in the Casper Network.
How can you know what to do?
Swappery was launched via CasperPad 9 March 2022. It is the Casper Blockchain’s first launchpad. Launching on the Binance Smart Chain Testnet was therefore the first step. Through the BSC testnet, crypto enthusiasts were hence able to test the DEX’s functionality before the mainnet. The Swappery received a lot of valuable feedback from users and made suggestions for improvements.
Furthermore, The Swappery is presently live on Casper mainnet, complete with all kinds of essential speed and design improvements which also include the new ‘Yield Farming’ functionality as well as swapping capabilities and providing liquidity. As the community provides valuable feedback, additional functionalities for the DEX will be developed.
According to CasperPad’s CEO, “The Casper Blockchain is a burgeoning ecosystem that’s really starting to take off so we wanted to be among the first to offer a DEX and consistently grow with them in order to help provide the best features and services. The Swappery is therefore unique in that sense and we have some exciting things planned in the future, so stay tuned.”
More About the Swappery
Swappery, the Casper Network’s first cross-chain DEX, was created in 2011. The exchange’s overall goal is to enable high-quality decentralized trading for Casper Network. It will also significantly increase the quality of decentralized trade and open up new possibilities. Learn more by clicking here and through the TwitterTelegram and other channels
Casper Association is a non-profit that monitors and oversees decentralization efforts within the Casper Network. The Casper Association provides resources that will help to accelerate Casper’s adoption. To learn more, visit https://casper.network/en/network.
CasperPad is the Casper’s first fully-decentralized, Casper-supported launchpad. CasperPad was created to help launch disruptive projects and innovative ideas on the Casper Network. CasperPad provides a unique opportunity to invest in Casper Network projects.
In addition, CasperPad users who hold the $CSPD official token will have exclusive access to all public sales for various top-tier projects within this sector. CasperPad project selection is also done with care. It takes into consideration everything: legitimacy, origins and execution capabilities. To learn more, visit https://www.casper-pad.io/
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