123SWAP : A DECENTRALIZED FINANCE PLATFORM FOR SEAMLESS P2P TRANSACTIONS
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123swap is the “new face of Decentralized Finance” thanks to the novel model that is designed to give some of the existing DeFi platforms a run for their money. This is an entirely new ecosystem that thrives on providing value to the users.
I think that the model used by 123swap is one that can introduce positive changes for the advancement of the Decentralized Finance (DeFi) ecosystem. In this article, you will find out some of the features that make this platform awesome.
THE UNIQUE BUSINESS MODEL
It is not out of place for cryptocurrency projects, especially those that focus on the DeFi market to come up with bogus and end up not fulfilling most of those.
The reverse appears to be the case with 123swap, a DeFi platform that encompasses most of the features that have either been missing or not fully operational in conventional DeFi platforms.
Here are quick points highlighting the relevance of 123swap in the Decentralized Finance (DeFi) ecosystem:
123swap was built with the vision of simplifying the processes of cryptocurrency investments.
The platform also takes security seriously, which is why it doesn’t put the users in a position of compromising their private keys.
123swap also aims to be the leading Decentralized Finance (DeFi) protocol. This can be achieved by reducing the slippage rates, charging infinitesimal amounts for transactions and processing transactions faster.
The 123swap DeFi protocol also aims to be a fully user-centric platform, promoting Peer-to-Peer (P2P) transactions.
THE CROSS-CHAIN MECHANISM
It is no news that many DeFi protocols cannot communicate with one another, in terms of sharing data. If it were possible, there is a higher chance that the users would benefit from the liquidity that flows across these platforms.
Since that is missing, it has become practically impossible for many decentralized trading platforms to forge a common front for beating down on external influences.
This informed the reason for the inclusion of the cross-chain mechanism on the 123swap DeFi protocol. This is designed to act as a bridge or medium for establishing Peer-to-Peer (P2P) transactions, whereby the users can trade with one another across different blockchain networks. For example, you can use the 123swap cross-chain model to trade on the Bitcoin blockchain, alongside someone who uses the Ethereum blockchain for the same type of transaction.
Understandably, cross-platform transactions are not so popular and implementing it can come with some changes, including an increase in the cost of transactions and delays. This is not the case with the 123swap cross-chain platform, where multiple blockchain networks can be used for real-time transactions. The cross-chain mechanism also comes in handy when you want to trade on a P2P basis, while maintaining a full control over your private keys.
Wrapping Up
123swap is a decentralized cryptocurrency trade platform with disruptive tendencies. The working models introduced by the platform are one of the core elements that would make the Decentralized Finance (DeFi) ecosystem fully operational.
123swap is also a work-in-motion, as it plans on making other important upgrades that would further inch it closer to the mission of being one of the most trusted DeFi protocols.
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: Ngoukan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2661426
Wallet: 0x0bF23d892B91D2596B73d4e9585653e977dA986F