123Swap to be a Bridge Between Central and Decided Exchanges
Introduce
DeFi is a collective term for financial products and services that are accessible to anyone who can use Ethereum — anyone with an internet connection. With DeFi, the markets are always open and there are no centralized authorities who can block payments or deny you access to anything. Services that were previously slow and at risk of human error are automatic and safer now that they’re handled by code that anyone can inspect and scrutinize. One of the developments in the Blockchain market is Defi or Decentralized Finance, where it is a unified monetary framework that removes the work of union delegates and allows anyone to conduct the exchange of information. believe. through peer-to-peer transactions. Defi changed the already advanced Blockchain framework into different types of currency exchanges that were easy to get complicated at first. and this time i want to give important information about the project called 123SWAP.
What is 123Swap?
123swap is a decentralized cross-chain network, wants to bridge the gap not only between DEX and CEX, but also enable interoperability between smart contracts of different blockchains.
In an exclusive interview with DailyCoin, Tomas Ambrazas, CEO of 123swap, discusses the current state of crypto exchanges and how the two-year-old startup wants to revolutionize the trading experience total translation using your custom solutions.
123swap was created as a result of many factors, one of which includes challenges and non-scalability inherent in centralized exchanges. Ambrazas has addressed some of the key CEX bottlenecks that have facilitated the rapid expansion of DEXs.
According to him, there has been an increase in the number of active blockchain systems over the years, which further indicates an even larger increase in the number of crypto tokens active on the respective blockchains.
123swap will bridge the gap between DEX and CEX After highlighting some obstacles with CEX and offering expert advice on co-existence of CEX-DEX, 123swap has built a solution that eliminates the disparity between CEX and CEX. two exchanges.
For example, the platform bridges the gap that the integrated CEX platform is lacking and then interfaces with the DEX platforms so that both worlds can benefit equally.
“Our solution [is to] complete the Binance smart chain and Ethereum chain tweaks to their swaps, farming, yield products, as well as government. So you can use the two most common strings for swapping and farming. Likewise, you can add and remove liquidity and test all of our systems to see how it works. It is working and fully working
Business Model
The business model of the 123swap platform consists of the following elements:
- 123swap: Seamless peer-to-peer crypto assets swap platform.
- 123nft: NFT minting and peer-to-peer NFT swap platform.
- 123yield: A platform to deposit crypto-assets and earn the most optimised interest rate.
- 123bridge: A cross-chain decentralised finance assets swap platform.
- 123lend&borrow: Access to low-interest, stable coin loans using crypto assets as collateral.
- 123gov: 123swap token represents voting power on a blockchain project.
Platform
- One window place for crypto users for easy usage of any blockchain assets.
- Make crypto assets work in various ways. Money should do more money. Stake, farm, mint NFT in any blockchain.
- To provide a seamless user experience by allowing users to access the whole crypto market in one location while never compromising the security of their private keys.
This will enable users to enjoy the following on the platform:
- Arbitrage Possibilities
- Automated Trades
- Crosschain Bridge
- Community Governance
- NFT Minting and Swap
- Staking
- Yield Farming
Tokenomics
Prior to the launch of the 123swap platform, it will undergo a Token sale exercise. The funds raised in the ICO will be utilised by the team to further develop the platform.
Roadmap
Q4 2020
- Business — Team preparation.
- Pre-seed Investment — $60,000.
- 123swap Alpha platform release.
- 123swap platform features and blockchain discovery phase.
- 123swap platform testing and security audits.
Q2 2021
- 123swap platform launched on BSC Mainnet.
- 123yield launched on BSC Mainnet.
- 123gov launched.
Q2 2021
- Platform preparation for multi chain swaps and yields.
- Platform launched on Ethereum Testnet.
Q1-Q3 2022
- 123swap limit orders on BSC, Polychain, Ethereum, Avalanche, Harmony, Fantom, Moonriver, Okex, Houbi eco Testnet.
- 123yield on Polychain, Ethereum, Avalanche, Harmony, Fantom, Moonriver, Okex, Houbi eco Mainnet.
- 123nft minting and swapping release.
- 123bridge v2 release.
2022
123gov choosing what next blockchains (e.g. Bitcoin, Neo, Ontology, Elrond, Zilliqa, Arbitrum, Cosmos-SDK, XDAI, Optimism, Algorand, Cardano, Solana, Near…) add for swap, yield, bridge and etc.
Conclusion
123Swap is a new way of lending. We are a peer-to-peer lending platform that connects borrowers and lenders directly. We have a number of different loan products for you to choose from and the best part is that we will befriend a lender based on your borrowing needs. We make it easy for you to apply for a loan and can process your application within one business day. 123Swap is a new and exciting venture that has been created to improve the lives of the financially illiterate. It is an online platform, backed by a team of experienced professionals, that offers a wide range of financial products to its clients.
media channel
Website : https://123swap.finance/
Document : https://docs.123swap.finance/123-token-sale/123swap-token-allocation
Linkedin : https://www.linkedin.com/company/123swap/
Twitter : https://twitter.com/123swapfinance
Telegram : https://t.me/my123swap_chat
Reddit : https://www.reddit.com/r/123swap/
Medium : https://medium.com/@123swap
Instagram : https://www.instagram.com/123swapfinance/
Writer
BitcoinTalk : dongduong
Link : https://bitcointalk.org/index.php?action=profile;u=2861262
Wallet Address: 0x208BcAB257b83c61B4596eeDc226279105bb9044
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