forbitspace: A DEX Super Aggregator With A Unique Multichain Ecosystem

forbitspace is a DEX Super Aggregator that unites the data from decentralized exchanges, which are based on separate blockchains using a single interface.

What is forbitspace?   

forbitspace is a DEX Super Aggregator, i.e., it allows cryptocurrency investors to take advantage of a number of services in a single interface. A major benefit of forbitspace is that it allows investors to tap deep liquidity and receive better pricing for tokens via financial tools integrated into the platform. 

forbitspace uses a smart order routing algorithm called Spaceflight, which splits a single order placed by the user across several decentralized exchanges. This allows users to access the best liquidity and settle transactions at a lower cost. 

How forbitspace DEX Super Aggregator Works?

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forbitspace DEX Super Aggregator sources liquidity from different DEXs and thus offers users better token swap rates than they could get on any single DEX. DEX aggregators have the ability to optimize slippage, swap fees and token prices which, when done right, offer a better rate for users.

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The Ecosystem Of forbitspace DEX Super Aggregator

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forbitswap is a capital-efficient AMM that combines the liquidity on Ethereum blockchain and BNB Chain with the scalability of a Layer 2 platform deployed on the Polygon Network, Avalanche, Arbitrum, and will soon be functional on other blockchains including Solana, and more.

forbitswap will also work to provide a comprehensive platform for social tokens and NFTs.

Swap

Staking

Liquidity mining

flyby launchpad IDO platform on multiple chains

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Features

Explained below are the features of forbitspace and how they aim to benefit the users of the platform:

Key Highlights

forbitspace DEX Super Aggregator has the features as follows:

• Aggregation Protocol

The forbitspace DEX Super Aggregator is an interoperability protocol that unites decentralized applications across disparate blockchains, simultaneously uniting liquidity across chains and making it possible to transact in, out, and across disparate networks with ease.

• Liquidity Protocol

The forbitspace decentralized protocol empowers traders to provide liquidity to pools and collect extra rewards in FBS tokens for participating in liquidity mining programs.

• Limit Order Protocol

A limit order places a specific price that a trader wants to buy or sell at and is only executed if the market hits that price. Whereas market orders are executed immediately, limit orders are executed at a predefined price, which is generally better than the current market price.

• Derivative protocol

forbitspace derivatives protocol is used to create custom assets by using forward-looking features of locking the price in and the ability to either buy or sell an asset. forbitspace uses a contract that represents an asset bought or sold at a future date for a future price, synthetics are the very underlying asset representative of other assets.

• Self-custody

forbitspace sees crypto quickly mature to the trading of thousands of new assets and the adoption of new use cases, including DeFi, non-fungible tokens (NFT), smart contracts, decentralized autonomous organizations (DAOs), and more. Our app is built on decentralized crypto for customers to do self-custody of their crypto in the main forbitspace app.

• Space DAO

forbitspace protocols integrate decentralized autonomous organizations (DAOs) into protocols to facilitate decentralized blockchain governance. Space DAOs utilizes blockchain-based tokens to represent voting rights. As a result, only token holders can participate in network governance. These smart contracts can greatly reduce — or even eliminate — the need for intermediaries that might compromise decentralized decision-making.

Security

To assure users of the project’s usability and security, forbitspace brought in CertiK, a cybersecurity firm founded by Yale professors, to audit its code. forbitspace also activated CertiK Skynet which is an on-chain security and data insights platform to do 24/7 monitoring smart contracts. They will issue a warning to our code system in the event of an attack, allowing us to check and fix the problem as soon as possible.

Hacken, one of the leading crypto audit companies, also participates in the audit of the forbitspace protocol, guarantees and enhances the safety, security, and authenticity of our platform.

Versatility in Trading

forbitspace DEX Super Aggregator protocol has already available on:

Ethereum: UniswapV2, UniswapV3, Balancer, Curve, SushiSwap, Kyber, Oasis, ShibaSwap, Aave, forbitswap, Bancor and more.

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BNB Chain: ApeSwap, Curve, Dodo, BakerySwap, SushiSwap, BiSwap, PancakeSwap, JetSwap, forbitswap, Wbnb and Julswap.

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Polygon: ApeSwap, Curve, Dodo, Dfyn, SushiSwap, QuickSwap, Vault Finance, Wmatic, JetSwap, Wmatic and Balancer.

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Avalanche: Pangolin, SushiSwap, Curve, Dodo, YetiSwap, LydiaFinance, SnowBall, Olive, Baguette, Canary, Complus and Wavax.

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Token Distribution

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56.0% to forbitspace Community member

10.0% Network growth funds

9.0% Early Backers 5-year vesting

6.0% Backers 5-year vesting

8.0% Core contributors and future employees with a 5-year vesting

5.0% Strategic Sale IDO, IEO

3.0% Small backers 5-year vesting

3.0% Advisor with a 5-year vesting

A perpetual inflation rate of 3% per year will start after 5 years, ensuring continued participation and contribution to the forbitspace protocol and ecosystem at the expense of passive FBS holders.

Token unlock schedule

IEO funding for the liquidity provider protocol was unlocked with a 10% network expansion fund of tokens already accessible. 5,0% Strategic sale private and IDO. The FBS tokens will be gradually unlocked to distribute community initiatives, liquidity mining, and other programs over a five-year period.

FBS Token Release schedule

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FBS is the native utility token of the platform and is used in the following functions:

Protocol Governance: The FBS token holders can submit and vote on network governance proposals in futures protocol, exchange parameters, and protocol upgrades via a DAO structure.

Liquidity mining Incentives: forbitspace’s protocols multi-chain incorporates a liquidity mining scheme and distributes a fixed number of FBS tokens daily weighted by the liquidity each network participant provides on forbitspace protocol or forbitswap protocol.

Protocol Incentivization: Users can earn FBS tokens as rewards based on their trading volume on the FBS platform.

Staking: Users can stake FBS tokens to the Safety Module to earn staking rewards in FBS tokens. Note that staked FBS will balance by the following time.

Collateral Backing for Derivatives: FBS will be utilized as an alternative to stablecoins as margin and collateral for forbitspace’s derivatives markets. In some futures markets, FBS can also be used for collateral backing or insurance pool staking where stakes can earn interest on their locked tokens.

Platform Service Fees: After the relayer reward distribution, the exchange platform fee will undergo an on-chain buy-back-and-burn event to accrue value for FBS

Utility holders: FBS token holders can participate in an auction with options such as Crowdsale, Dutch & Batch auction on Flyby IDO launchpad – a multi-chain platform, and NFTs Space.

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Supported by

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Roadmap

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Final Thoughts

forbitspace aims to provide crypto traders with the best prices and lowest slippage rate by slipping their orders in multiple parts. With a unique algorithm called Spaceflight, the Super DEX Aggregator and AMM bring the most liquid pools to the trader’s doorstep. 

The platform also has a wallet that allows the self-custody of assets in a secure way and can also store NFTs. forbitspace has also built a connection to all the major DEXs via a single interface, allowing users to interact with the platform more easily.

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‍Source : bsc.news