BitMart, a premier global digital asset trading platform, will list AnySwap (ANY) on March 31, 2021. For all BitMart users, the ANY/USDT trading pair will be officially available for trading at 4:00 AM EDT. To celebrate the listing of ANY, BitMart is giving away 5,000 ANY in Buy & Earn, Trading Competition & Trading Lottery events!
What is AnySwap?
AnySwap is an entirely distributed protocol allowing the swapping of tokens from various decentralized platforms.
Launched in July 2020, AnySwap is an entirely distributed protocol allowing the swapping of tokens from different decentralized platforms. The system’s strength comes from its ECDSA signature support. Note that 95 percent of active digital currencies such as Bitcoin (BTC), Tether (USDT), Litecoin (LTC), and Ripple (XRP) implement the scheme.
Additionally, the protocol is powered by Fusion’s Decentralized Control Rights Management (DCRM) technology, further boosting Anyswap’s ability to handle the movement of tokens between blockchains.
The Protocal’s Key Features
A distributed inter-blockchain bridge – It allows users to deposit any ECDSA-compliant token and receive wrapped tokens without the need for a third party.
Inter-chain swaps – This enables Anyswap users to swap cryptocurrencies instantly.
Programmed liquidity – The liquidity providers determine the liquidity levels on the platform. However, the network also uses available liquidity to alter prices accordingly.
AnySwap brings another dimension to the DeFi ecosystem. By rewarding traders, LPs, and working nodes, everyone on the ecosystem receives incentives for their contribution to the network. Notably, the system’s use of Fusion strengthens its position as the first DeFi platform to support cross-chain transactions. The protocol’s use of open-source smart contracts and community governance not only makes it more decentralized but also community-driven.
With all the competing DeFi-based systems in the crypto space, it’s hard to determine which one is here to stay and thrive. One thing that’s clear is that AnySwap is an undertaking that’s worth pursuing, at the very least.
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 2 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 365+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About AnySwap
AnySwap is a fully decentralized cross chain swap protocol, with automated pricing and liquidity system. To learn more about AnySwap, please visit their website and join their Telegram.
No comments:
Post a Comment