PIKOSWAP: On-Chain NFT Automated Market Maker for Simple NFT Trading.

Pikoswap is a one-of-a-kind, easy-to-use platform for buying and selling Non-Funginle Tokens (NFTs). Pikoswap, a wholly on-chain platform, using Automated Market Maker (AMM) to support NFT trading. Pikoswap for NFTs is similar to Uniswap for Ethereum tokens. Pikoswap is a one-of-a-kind invention in the cryptocurrency market, notably in the NFT business. You may purchase, sell, and build a liquidity pool for NFTs to generate trading fees. Pikoswap has no NFT royalty and lower trading costs, making it simple and economical for cryptocurrency and NFT enthusiasts.

You may buy in bulk across the pools, modify the rates, and save money on your gas bill. Consumers may rapidly purchase or sell NFTs using current pools or establish your own pools with a configurable price range, allowing users to place flexible orders. Users may earn significant money from the site by building an NFT liquidity pool, similar to Uniswap or Pancakeswap for ETH or BSC tokens. If you hold both NFTs and tokens, you may create a pool to deposit your assets for others to trade in. In such instance, you are the pool’s owner and hence receive all trading fees. Pikoswap is a one-of-a-kind invention in the NFT business, as well as an extraordinary novelty in the crypto realm. Pikoswap’s native token is $PIKO.

Why is Pikoswap Different from Other Trading Platforms ?
Most cryptocurrency platforms that enable trading in the NFT area currently do not provide the unique capabilities available on the Pikoswap platform. Most decentralized exchanges only let you to swap tokens produced on the BSC chain, the ETH chain, or other networks. Features like exchanging are only available for the standard tokens we’re all familiar with. Fungible tokens are defined as tokens that may be traded for one another while maintaining their value. Bitcoin, for example, is a fungible token because its value remains constant independent of its owner or history.

Non-Fungible Token, on the other hand, is a unique cryptographically produced token that employs blockchain technology to link with a unique digital asset that cannot be copied. Non-fungible tokens are distinct from fungible cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), and others. For example, you may swap one Bitcoin for any other Bitcoin. However, this is not normally possible with NFTs.

Non-fungible tokens provide an additional layer of complexity to digital transactions. Currently, NFTs offer various distinct benefits over regular or fungible tokens, such as: (a) are transferable: unlike exchange-traded fungible tokens, NFTs are purchased and sold on dedicated exchanges. Their worth, however, is determined by their distinctiveness. (b) are genuine: Because it is practically hard to make counterfeits with a decentralized immutable ledger, blockchain technology enables non-fungible tokens. © maintain ownership rights: NFT employs decentralized platforms where no owner may edit the data once committed.

NFTs, or non-fungible tokens, are now used in a variety of applications, including gaming, art, and even yield farming. Pikoswap acknowledges the peculiarity of NFTs in the crypto realm and, unlike other platforms, has established a new mechanism to exchange them. Most major cryptocurrency decentralized exchange platforms and popular NFT market locations do not yet support swapping Non-Fungible Tokens.

When moving NFT from one individual to another, most NFT trading platforms and markets have encountered fraud. Pikoswap has taken extraordinary precautions to safeguard the security of its platform users, having become aware of security risks in the NFT area. Pikoswap has invested more than $200,000 in security in order to develop a really revolutionary decentralized system. This demonstrates how serious and devoted the team is to ensuring the platform’s security and safety. They have established the Pikoswap Bug Bounty Program, which is a highly motivated bounty with a potential payout of $1,000,000. The Pikoswap bug bounty program compensates anyone who discovers a security flaw or significant vulnerability in their coding.

Pikoswap’s revolutionary swap mechanism for NFTs has helped it stand out among other trading platforms and market places, changing the narrative in the NFT sector and, indeed, the entire industry.

Features and Benefits :

Pikoswap has applied smart contracts in the business of buying and selling NFTs, which improves security while transferring, purchasing, or selling NFTs, unlike other platforms that utilize auction format in buying and selling NFTs. Pikoswap employs Automated Market Maker (AMM) to facilitate the trading of NFTs. A system that automatically supports buy and sell orders on a decentralized exchange is known as an automated market maker (AMM). AMMs, as opposed to traditional market makers, operate through the use of self-executing computer programs, also known as smart contracts.

Flexible NFT Purchase: Pikoswap allows customers to choose from a selection of NFT collections advertised for sale on the site. Users can purchase NFTs in two ways: directly or through an offer. When purchasing directly, you can select from current collections, purchase single NFTs, or purchase in bulk. When you haven’t found the NFT you’re looking for or are unhappy with the price, you may make an offer. In such cases, Pikoswap allows users to construct a Collection Offer, which entails creating a new-buy-only pool and setting your own cost depending on your own parameters.

Liquidity Pools: Pikoswap allows users to construct liquidity pools for NFTs and earn trading fees. Pikoswap allows you to establish many sorts of pools. Pikoswap currently only supports the pool with NFT/ETH assets. Users who have NFTs for this collection can exchange them for ETH or NFTs for ETH. A pool, in essence, holds a specific quantity of both assets, allowing users to switch back and forth between them. However, it is also feasible to build a pool with only one asset, in which case customers will be able to purchase that item from the pool.

At Pikoswap, NFTs in a pool are often a collection of comparable quality and price. They are exchanged in accordance with the pool’s transaction logic, which is relevant to the price range. Pikoswap allows the creation of three sorts of pools: buy-only pools, sell-only pools, and pools that combine the two.

User-Friendly NFT Buying and Selling: As previously stated, you may buy NFTs by Buying Directly from current collections or Making an Offer. You may also sell NFTs on Pikoswap in two ways: (a) directly or (b) through a listing. You can sell the NFTs directly to existing pools at the greatest available price. When you sell an NFT on Pikoswap, it is instantly sold to the pools at the highest possible price. This implies that you finish the sale and receive the tokens immediately.

Listing NFT on Pikoswap allows you to set your own price and wait for someone to buy them. Making a listing is essentially the same as creating a Sell-only pool. When you list your NFTs, they are escrowed into the pool you own. At the price you choose, anybody can purchase NFTs from your pool. If you change your mind, you may always withdraw the NFTs or amend the price.

Ability to Provide Instant Liquidity: When you sell your NFTs, Pikoswap allows you to receive instant liquidity. Pikoswap accomplishes this accomplishment by using bonding curves to determine the proper pricing for the NFT. This implies you will experience slippage, which means you will receive somewhat less than market value for your NFTs. The more NFTs sold in the collection, the higher the cost of slippage, which also indicates reduced liquidity for the NFT collection. However, Pikoswap provides you the option of listing if you are dissatisfied with the price you receive when selling directly. You may list the NFT and wait for someone to purchase them.

Predictable Buying and Selling in the NFT Pool: Pikoswap used a novel mathematical method — bonding curves — to establish fair pricing of NFTs. Bonding curves allow the price of NFTs in each pool to be accurately computed and applied. Pikoswap has used two bonding curves: linear and exponential. NFT pricing is predictable because the Bonding curves force the NFTs in the pool to move only within the set Price Range.

Users that build pools on the Pikoswap platform must select the Bonding curve they want to employ. When a user trades with the pool, the pool checks its bonding curve to decide what its new pricing should be.

Tokenomics :
Pikoswap’s native token is $PIKO. The $PIKO economics are currently being developed. Pikoswap currently only supports pools with NFT/ETH assets. Users who have an NFT collection can exchange them for ETH or NFTs for ETH. You may deposit and withdraw NFTS from your pools, as well as ETH from your pools.

Roadmap :

Conclusion :
Pikoswap is an amazing revolutionary platform that has influenced the crypto sector, namely the NFT business, by creating a unique user-friendly platform for buying and selling Non-Fungible Tokens (NFTs). Pikoswap uses Automated Market Maker (AMM) to make it easier to trade NFTs. The presence of AMM allows for the conversion of NFTs to Ethereum and vice versa. NFT trading at Pikoswap is quick, flexible, secure, and low-cost. This is a one-of-a-kind platform among decentralized exchanges. Pikoswap, a wholly on-chain platform, allows users to purchase, sell, and create liquidity pools for NFTs while earning trading fees. Pikoswap operates with no NFT royalty and cheaper trading costs, making it simple and economical for cryptocurrency and NFT enthusiasts.

More Info :
Website: https://www.pikoswap.io/

Picoswap Doc: https://pikoswap.gitbook.io/docs/

Twitter: https://twitter.com/PikoSwap

Telegram Group : https://t.me/pikoswap

Discord: https://discord.gg/yY2q2yjSVR

YouTube: https://www.youtube.com/channel/UCBPV3Zy9yB-WJqRoouLl2gQ/videos

Author
Forum Username: Fenyliu
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2215277
BSC Wallet Address: 0x2BB0de3082c1E212aE95Fa2Bf21c332209FBF68b