WapSwap wants to change the Future of Swap Tech

piyo (15)in #wapswap • 3 years ago

Starting point:

The best swap innovations are smart contracts that allow for the exchange of one digital currency for another without the use of a unified intermediary, such as a broker. Many platforms have been built on the Binance Block-chain technology, but they have been limited to exchanging one cryptocurrency for another. WapSwap wants to change that.

WapSwap Details:

WapSwap is a peer-to-peer cryptocurrency exchange that allows users to swap digital currencies without the use of an intermediary. It is unique in that it has a built-in escrow system, which ensures the safety of its users' assets. WapSwap's vision is to make digital currency trading as simple and safe as we've come to expect from traditional fiat currency exchanges.

The decentralized trading platform was created by blockchain enthusiasts who have worked in the financial sector for years, and have seen firsthand how difficult it can be for newcomers to get started on crypto exchanges. They also know that blockchain technology has the potential to solve many of today's biggest problems, but its current limitations have prevented most individuals from accessing its benefits.

On WapSwap, users can swap cryptocurrencies without the need for a centralized intermediary like a broker or exchange. Instead, users will be able to trade freely between all of the tokens on their platform without having to worry about security or custody issues. Using smart contracts, WapSwap allows for decentralized trading in a way that is far more secure and easier than traditional methods.

Goals of WapSwap:

WapSwap's main goal is to make digital currency trading as simple and safe as we've come to expect from traditional fiat currency exchanges. To accomplish this, they aim to build a platform that combines blockchain technology with traditional finance and banking services. By integrating these two worlds, WapSwap will allow users to trade digital assets in a secure and easy way, while also providing a wide array of traditional financial services.

Users will also be able to quickly and easily deposit funds into their account with the use of bank transfers or ACH transfers. The platform will also offer users the ability to send funds to other users using ACH transfers. All transactions will be handled using the platform's own crypto token WSP, which is an ERC20 token that is designed to be used on the platform.

Smart Contract:

In addition to offering its own token, WapSwap plans on implementing smart contracts into their platform, which will allow users to trade between all of the tokens on their exchange without having to worry about security or custody issues. This will help create a truly decentralized, seamless trading experience that is far more secure and easier than traditional methods.

Convenient platform:

The platform will also be available in both a desktop and mobile app version, which will allow users to trade from their desktop or mobile device. The WapSwap team is also planning on creating a web version of the site, which will allow users to access the platform from any computer with an internet connection.

This will allow people to trade more easily and get more involved in the cryptocurrency community, which is something that the WapSwap team is working hard to accomplish. The WapSwap team hopes that their platform will help make digital currency trading as simple and safe as traditional fiat currency exchanges, and they're doing everything in their power to create a truly global service.

Final Thought:

WapSwap is a relatively unknown platform, but they have a lot of potential. By integrating traditional financial services with the crypto world, WapSwap hopes to make digital currency trading as easy and safe as traditional fiat currency exchanges. This is a very ambitious project and one that will take some time to fully develop. The team has already raised over $2 million in funding, which shows that there's definitely some interest in their services. WapSwap is currently in the early stages of development, but if all goes according to plan, they could be one of the most interesting platforms in the industry.