After crypto’s massive success these days, online exchange platforms have also gained significant importance. SafeSwap Online is a decentralized cryptocurrency trading system that enables the exchange of various altcoins. It uses an automated market-making system that ensures liquidity at all times.
The Safeswap protocol is a safe, intelligent contract-based program that works directly with third-party wallets such as metamask, trust wallet, or several other wallets. With low-entry and self-listing-based protocols, they provide complete privacy and the freedom of anonymity.
It is a tool that enables the customer to swap their cryptocurrencies safely and efficiently. In addition, it enables traders and liquidity providers to connect in a financial ecosystem that is safe and accessible to anybody with a compatible wallet.
SafeSwap is a relatively new decentralized exchange (DEX) built on the Binance Smart Chain (BSC). The automated market maker (AMM) provides customers with various novel ways to generate money from their cryptocurrency.
In this review, we’ll go over what makes the Safeswap exchange operate and how you might be able to profit from it yourself. But before that, we have to understand the difference between centralized and decentralized cryptocurrency exchanges.
HOW DOES SAFESWAP WORK?
Cryptocurrencies operate on blockchain technology. It is a decentralized system that organizes and records transactions. A decentralized system does not have the involvement of any third party. These funds are stored on the blockchain, which allows these cryptocurrencies to exist outside of the control of the government and central authorities. This fact makes it an easy escape from inflation. Since the government can not control them, it can not reduce its value via inflation
The SafeSwap online works as a decentralized cryptocurrency exchange that allows blockchain-based items, assets, and collectibles to be redeemed, claimed or swapped for other blockchain-based assets such as cryptocurrencies.
SafeSwap Online uses the PCS2 protocol and therefore does not act as an in-between between a buyer and a seller and but simply mirrors the PCS2 smart contracts via its own platform where it will focus on other aspects for its revenue model. through commissions and transactions fees. Also, these fees are fortunately minimal when compared to other platforms available, which makes it a favourable platform more than several others
Customers can swap or exchange cryptocurrencies instantly without giving up control over their funds to any intermediary or custodian. Peer-to-peer by design quickly conducts deals between users’ wallets – a process known as a swap by some.
SafeSwap being a DEXs, operate uniquely. The more liquidity the exchanges have on hand, the better they operate. Therefore, they compete to deliver attractive offers for liquidity providers (LPs) as they do on being inexpensive and simple for traders.
A liquidity pool is a new form of digital market that trades two tokens. These are the exchanges where Liquidity Pool (LP) coins may be purchased. This is an automated exchange instead of a traditional exchange where the price is decided only by demand and an order book. Instead, you have a buyer who wants to purchase a token at a special price and a seller who wants to sell the token at a given price. When the prices are combined, you get a good deal. For example, on the Binance exchange, there is an XRP/BNB market where you may trade BNB/SWAP pairings.
If you choose the wrong liquidity pool, you might earn as low as 0.01 % interest, making it unprofitable. However, if you pick a successful liquidity pool, you can earn up to 18.15 %.
On all transactions, liquidity providers get a 0.15 % fee equal to their part of the pool. Fees are contributed to the pool and can be reclaimed when you withdraw your liquidity.
Everyone can join a liquidity pool by putting a certain token (for example SWAP) in combination with BNB (automatically calculated by the AMM system from PCS2) and add this equally to the Liquidity Pool. Anyone that purchases SWAP after you will automatically buy a small percentage (depending on the impact of your total investment within that particular Liquidity Pool). If 10% of a Liquidity Pool is owned by your wallet you will provide 10% of the orders when one purchases SWAP or pay back 10% of an order in BNB.
There is always a little profit involved for Liquidity Pool holders as there is a split of the transaction fees that go back to the LP Holders. Being an early Liquidity Pool holder in a popular token project may provide a high return. However, as soon as it goes up it can go back down as well if everyone should sell or if a particular project is not set up appropriately.
Some of the essential features of SafeSwap that differentiate it from other decentralized exchange platforms are:-
⮚ Crypto To Crypto Swapping- SafeSwap online provides services for exchanging crypto. It enables the user to exchange one type of crypto with another type. The exchange happens at the market rate allowing customers to earn more profit.
⮚ Easy to use- The UI of SafeSwap is similar to that of other popular DEXs. It is pretty simple to use, and no prior expertise is required to navigate fundamental trading functions. Anyone may use the platform to optimize their revenues. You may lend your digital assets to liquidity pools in exchange for liquidity tokens, which you can subsequently wager to gain even more money.
⮚ Completely Decentralized- It is an entirely decentralized crypto trading platform. It is not managed by any organization or company and has no interference from the government either.
⮚ Compatible With Online Wallets- The Safeswap protocol is a secure, intelligent contract-based software that interfaces with third-party wallets like metamask, trust wallet, etc. This feature makes it preferable over other exchange platforms
⮚ Privacy and Safety- Safeswap protocols are made to keep it safe and ensure privacy. They guarantee total privacy and anonymity using low-entry and self-listing mechanisms.
⮚ Stake Farms With Multiple Cryptos- The SafeSwap Farming Pools provide a secured and decentral manageable staking solution.
⮚ Instant Quick Trades- Every transaction is instantaneous and based on blockchain-secured decentralized smart contracts.
IS SAFESWAP ONLINE FAST?
The Crypto market is highly volatile. It experiences changes every second. One of the most significant issues that online crypto traders face is exchange platforms not being fast enough to cope with the market updates. A minor delay in transactions can lead up to huge losses. Therefore, traders require an exchange platform that is safe and secure and also works in seconds.
Trading digital currencies on SafeSwap is a seamless experience with no unnecessary delays or interruptions. Every transaction is immediate and is based on one of the decentralized smart contracts that have been securely implemented on the blockchain. As a result, the SafeSwap Online platform delivers a smooth and dependable trading experience.
IS SAFESWAP SAFE?
SafeSwap is a trading platform consisting of a decentralized system. Unlike a centralized system, it does not have any central system that can control or manipulate it. Moreover, it is out of reach of government rules and regulations, making it entirely impermeable for any dangers and hazards.
This decentralized platform has DeFi / blockchain technology. Each new block in a blockchain chain connects to all the blocks before it so that it is almost difficult to tamper with. A resolution algorithm validates and agrees on all transactions within the blocks, guaranteeing that each transaction is complete and reliable.
It allows users to connect to the current liquidity pools. This access is instant and in real-time. There are numerous SafeSwap mirrors to ensure constant accessibility. These mirrors are approved and highly trustworthy.
NO KYC REQUIRED
Every centralized exchange we are aware of observes the Know Your Customer and Anti-Money Laundering (KYC/AML) regulations, eliminating users’ privacy by forcing them to provide extensive documents to confirm their identity.
Users may deal privately with SafeSwap since it is a decentralized exchange with no regulatory authority. Anyone in the globe may trade in the hundreds of assets offered on SafeSwap, which has over billions of dollars in liquidity. Therefore users can connect using wallets like MetaMask, TrustWallet, TokenPocket, Binance Smart Chain Wallet, Math Wallet, SafePal and Wallet Connect.
Should regulations change SafeSwap will surely adapt to the requirements by law. However, ultimately all transactions take place on the smart contracts of PCS2 and therefore the first line of KYC expectation should most likely take place there.
Many of them collect what are known as taker charges from takers and maker charges from makers regarding centralized exchanges. Takers are the persons that remove liquidity from the order book by accepting previously placed orders. In contrast, makers are the people who create such orders. The primary alternative is to charge “flat” rates. Flat costs imply that the exchange charges the same fee to both the taker and the manufacturer.
Many decentralized exchanges do not charge any trading fees at all. This is, in fact, one of the primary reasons used by DEX fans to explain why centralized exchanges are on the decline.
Safwswap is not a “no fee” exchange since its making use of the PCS2 liquidity facilitation. Although it does charge a minimum for every transaction on additional features that will release in the near future such as Staking, Farming and several other plans that have not been revealed yet by MUXE BV.
⮚ Why was SafeSwap founded?
SafeSwap was founded because there was an increase in the demand for decentralized finance technology that would allow liquidity-based trading.
⮚ What feature makes SafeSwap better than other companies?
The SafeSwap Online platform provides a seamless and reliable trading experience. It allows crypto to crypto exchange at low prices. It offers instant access to liquidity. Moreover, unlike other platforms, it does not take hours for a transaction.
⮚ What is the target audience of SafeSwap?
SafeSwap is aiming to become a respected liquidity-based trading platform. It targets the niche of investors and traders, aiming for a steady and straightforward decentralized trading platform. It is unique in that it has a variety of features that users may use for various purposes. It is for anyone wanting to exchange their crypto or other tokens, or for unique farming gear and high yield pools, as well as where to sell their NFTs art.
⮚ What technology does SafeSwap use?
SafeSwap uses the latest marketing systems available in the market. It uses Pancake Swap V2, which is the best of these available there. It ensures liquidity at all time
⮚ What type of team does SafeSwap have?
Safe swap has a highly skilled and professional public team working day in and day out to ensure the best quality service to the customers.
⮚ Is SafeSwap safe?
SafeSwap is a decentralized cryptocurrency exchange that makes it safe from any third-party involvement. It is not only secure but also provides an environment for trading that is open for all traders. Its self-listing-based protocol gives complete privacy and safety.
SAFESWAP AND FUTURE OF CRYPTO
Amazingly, the industry has progressed incredibly. Not long ago, there was some concern regarding the feasibility of decentralized bitcoin exchanges. Aside from dealing with slow execution times, DEX traders were exposed to front-runners snatching their best trades.
Some economic analysts anticipate that institutional money will enter the cryptocurrency market, causing a significant shift in the market. Furthermore, there is a chance that crypto may be listed on the Nasdaq, which would provide legitimacy to blockchain and its applications as an alternative to traditional currencies. Some believe that all cryptocurrencies need a confirmed exchange-traded fund (ETF).
An ETF would undoubtedly make it simpler for consumers to invest in Altcoins. However, there must still be a desire to invest in cryptocurrency, which a fund may not produce automatically.
SafeSwap can be vital in such conditions. It can ensure liquidity available all time. Moreover, unlike centralized systems, it does not have any vulnerability. It ensures the privacy and secrecy of the user.
A decentralized exchange platform like SafeSwap itself can play a significant role in the success and prosperity of cryptocurrencies. This is because its blockchain technology makes it safe and secure. Moreover, it also offers privacy and complete anonymity for its users, making it perfect to use and gain profits without exposure.
The fact that SafeSwap is founded by MUXE BV (A company that has been around in the cryptocurrency and blockchain industry for the past 4 years) makes a huge difference compared to many of the new DeFi Trading platforms that are released by anonymous projects and more often than not seem to have a short term exit strategy.