press release
PRESS RELEASE. With the unprecedented global rise of decentralization and emerging technologies like NFTs, blockchain and the metaverse, it makes sense that many companies would want to ensure that they are ready for the seemingly inevitable transition to Web3.
As such, ‘The Swappery’ has recently announced its highly-anticipated decentralized exchange (DEX) launch on the Casper Network. The DEX was launched on Binance Smart Chain (BSC) back in March 2021 and is currently live on the Casper Blockchain mainnet. With this, The Swappery has officially become the inaugural fully functional cross-chain DEX on the Casper Network, thereby making it a pioneer in the Casper Ecosystem and a highlight of the entire initiative.
What is a DEX?
Put simply, a decentralized exchange is a Peer-to Peer (P2P) marketplace where transactions occur directly between various 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’.
Many popular DEXs like PancakeSwap and BiSwap run on BSC, and now The Swappery has been added to that growing list as well. Most notably however, the Swappery is in fact the very first DEX on the Casper Network as previously mentioned.
What is there to know?
The Swappery was launched on CasperPad on 9th of March 2022, which is the first launchpad featured on the Casper Blockchain. The initial step was to hence launch on the Binance Smart Chain testnet. Through the BSC testnet, crypto enthusiasts were hence able to test the DEX’s functionality before the mainnet. During this process, The Swappery incorporated plenty of vital feedback and positive comments concerning any and all improvements to the DEX so as to make it more appealing and functional.
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. Additional functionalities will be added to the DEX as more feedback is gathered over time as the community plays a critical role regarding how everything will look and operate in the near future.
According to CasperPad’s CEO, “The Casper Blockchain is a burgeoning ecosystem that’s really starting to…
Click Here to Read the Full Original Article at Bitcoin News…
