09/15/2022, Majuro, Marshall Island // PRODIGY: Feature Story //
Hamster Swap, one of the upcoming projects, launched the long-awaited swap system to facilitate easy cryptocurrency exchanges. In a largely volatile market, Hamster Swap intends to launch a project that will remain unaffected by the ups and downs of the market. It has everything a project needs, a sustainable idea, market-oriented tokenomics built on the right blockchain. Best of all, it is decentralized, meaning power is not limited to a few and the platform is open to all.
For those unfamiliar with the concept, swapping exchanges one cryptocurrency for the other. For example, if a user wants to convert Bitcoin to ETH, they can either convert Bitcoin to fiat currency first and then use it to buy ETH, or simply swap the two. The former has two disadvantages. First, it’s time-consuming and much more complex, and in this fast-paced world, everyone wants processes to go through instantly. Secondly, since there are two conversions, the fees or charges are doubled. This is where swapping comes to the rescue, removing the need to involve fiat currencies, simplifying the process and reducing overall time. And with the launch of the feature by Hamster Swap, everything is poised to hit the market, which is already suffering from a lack of reliable decentralized exchanges (DEX).
About hamster swap
Hamster Swap plans to provide investors with a decentralized platform to maximize their profits and provide security. And to ensure this, the team developed the project on Binance Smart Chain (BSC), which is known for its fast processing time, ability to carry out a large number of transactions at the same time and lower fees.
As for the De-Fi aspect, it’s much more secure, investors have complete control over their funds and assets and don’t have to comply with the regulations of any central authority. Also, centralized exchanges can charge the fee for…
