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123swap is a peer-to-peer, trans-network crypto-asset swapping platform that nullifies the necessity for third-party.
123swap has become a popular crypto-swap network for the Smart ecosystem that allows users to swap, hold, send, receive, earn, and invest their assets across many networks.
The platform envisages creating a secured, trustworthy ecosystem. In recent years, the number of virtual currencies in the crypto-token world has been growing exponentially; this does not however signifies a journey towards the end of it but strong indication that the market is only getting started.
As a result of this, the recent traffic in the cryptocurrency market is a pointer to the fact that there is also going to be an unabated future increase in the demand for token swaps.
“What then is a token swap?” Two things can be referred to as token swap:
- The direct exchange of a set quantity of one cryptocurrency token between customers, facilitated by an exchange service.
- The movement of a cryptocurrency token established on one blockchain platform to another blockchain platform.
Drivers of Token Swaps
As mentioned earlier, imagine how many how many cryptocurrencies are there in the crypto world. According to statista.com, there are nearly over six thousand.
With so many options available, traders can easily try out another cryptocurrency by carrying out a swap.
Traders’ decisions are influenced by the following factors:
- Profit making
- Diversification of portfolio
- Earning passive income
Crypto-assets are volatile due to the frequent fluctuations in their values. As a result of this, traders make a lot of profit by trading these crypto assets.
In the same manner, traders who can the crypto market perfectly can make a lot of profits by swapping their cryptocurrencies at the right time.
Diversification of Portfolio
On the other way round, not all traders see the volatility of crypto assets as an advantage. Therefore, Diversification is common as a risk-management system.
Investing in varieties of cryptocurrencies can help traders to avoid the consequences of price declines.
Earning Passive Income
Staking is a popular feature of several crypto assets that advantageously enables cryptocurrency traders to earn cryptocurrency without having to do anything else., thereby earning passive income.
123swap is the platform to go for because of its many outstanding features. 123swap finance boasts of the following unique features, which differentiates from other DeFi platforms:
- Simple & User-friendly’ Interface
- Unchanged Rate during the transactions
- Unhidden fees
- Variety of Assets
- Secured network
The platform renders non-custodial services with the highest levels of security, simplicity, and convenience. Users can access all of the swaps offers gathered from major crypto exchanges in one convenient location.
The manual swapping operation is inefficient, not trustable, and time-consuming. But by using smart contracts, 123swap platform will automate and speed up the swapping process.
123swap combines smart and autonomous finance management together in a single ecosystem, thanks to its cross-chain smart contracts. Using smart contracts, the platform will support decentralized finance management.