The Swappery Cross-Chain DEX Launches with Casper Blockchain – Press Release Bitcoin News

press release

PRESS RELEASE. With the unprecedented global rise of decentralization and emerging technologies like NFTs, blockchain and metaverse, it makes sense that many companies would want to ensure they are ready for the seemingly inevitable transition to Web3.

Therefore, The Swappery recently announced its much-anticipated launch of the decentralized exchange (DEX) 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 first fully functional cross-chain DEX in the Casper network, making it a pioneer in the Casper ecosystem and a highlight of the entire initiative.

What is a DEX?

Simply put, a decentralized exchange is a peer-to-peer (P2P) marketplace where transactions take place directly between different cryptocurrency traders. DEXs are critical because they fulfill one of the core capabilities of the crypto sector, which is to facilitate financial transactions that are not conducted by banks, brokers, or other third parties or intermediaries, effectively removing the “middleman.”

Many popular DEXs such as PancakeSwap and BiSwap run on BSC and now The Swappery has been added to this growing list. Most notably, Swappery is actually the very first DEX on the Casper network, as mentioned earlier.

What is there to know?

The swappery was launched on March 9, 2022 on CasperPad, the first launchpad of the Casper blockchain. The first step was therefore the start in the Binance Smart Chain test network. Crypto enthusiasts could therefore use the BSC testnet to test the functionality of DEX before the mainnet. During this process, The Swappery has incorporated a lot of important feedback and positive comments on all the improvements made to the DEX to make it more attractive and functional.

Additionally, The Swappery is currently live on the Casper mainnet, complete with all manner of major speed and design improvements, which include new yield farming functionality, as well as swapping capabilities and liquidity provisioning. Additional functionalities will be added to the DEX as more feedback is gathered over time, as the community plays a crucial role in how everything will look and work in the near future.

According to the CEO of CasperPad “The Casper blockchain is a burgeoning ecosystem that is just beginning to gain momentum, so we wanted to be among the first to offer a DEX and consistently grow with them to provide the best features and services. The Swappery is therefore unique in that sense and we have some exciting things planned for the future so stay tuned.”

About The Swappery

The Swappery is the first cross-chain DEX designed for the Casper Network. The overall vision of the exchange is to enable high quality and advanced decentralized trading opportunities for the Casper Network, greatly enhancing the decentralized ecosystem and creating opportunities previously unattainable. Find out more here and on the Twitter and Telegram channels.

Casper Association

The Casper Association is the non-profit organization that oversees the ongoing development and decentralization of the Casper network. It provides the necessary resources to accelerate the adoption of Casper and its growing ecosystem of decentralized applications. To learn more, visit https://casper.network/en/network.

About CasperPad

CasperPad is the first fully decentralized launchpad powered by Casper. It was designed to launch innovative and industry-disrupting projects on the Casper network. In this way, CasperPad opens a unique gateway to invest in future projects launched on the Casper network.

Additionally, by simply holding the official CasperPad token ($CSPD), users will gain exclusive access to public sales of various top new projects in this industry. CasperPad projects are also carefully selected through vetting that considers everything from project team origins to legitimacy and implementation capabilities to effectively build the Casper ecosystem and make it one of the most respected blockchains around the world. To learn more visit https://www.casper-pad.io/

This is a press release. Readers should conduct their own due diligence before taking any action related to the advertised business or its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any content, goods or services mentioned in the press release.

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