6 Decentralized Exchanges To Buy/Swap Sep-20 Tokens
New to SmartBCH? Relatively you may not be a newbie to the crypto-sphere because you must have traded Bitcoin Cash, Bitcoin or Ethereum in other exchanges. Exchanges like Binance, Coinbase, Coinflex are some of the successful centralized exchanges in existence but these exchanges requires some level of KYC verification from it's users and that makes it centralized.
SmartBCH is a baby project on the Bitcoin cash blockchain but so far brags of more decentralized exchanges that every other chains.
What is a Decentralized Exchange?
Decentralized exchanges (nicknamed as DEX) are one of the key building blocks of the decentralized finance (DeFi) ecosystem. A DEX is a platform where users can trade cryptocurrency directly with each other, trustless without KYC verifications . A traditional centralized exchange like Coinflex, for example, acts as a custodian on your behalf, with any trading taking place on coinflex’s database, rather than directly on the blockchain itself.
In this article, we’ll be checking some of the best decentralized token swap platforms out there on smartBCH. Some of the platforms we’ll be featuring aggregate multiple DEXes to give users the best rates that are available on the market.
Benswap.cash happens to be the first decentralized exchange in the smartBCH ecosystem. There are several features integrated on benswap's exchange to enable users have the best experience some of its features includes:
Fundraising Module: IBO (Initial Ben Offerings)
Token Locker Module: BenLock
SEP-20 Token Factory
SEP-20 Factory Template: Basic
SEP-20 Factory Template: Liquidity Generator
SmartBCH LP Finder
Benswap owns a utility and governance token called EBEN, Users need EBEN to use the features on BenSwap (SmartBCH).
Mistswap is a decentralized exchange forked from sushiswap to smartBCH which offers a suite of tools to help enhance easy utility of sep-20 tokens.
Mistswap offers features such as;
Another decentralized exchange on smartBCH is the cowswap which was previously known as muesli.cash.
Launched on Nov 23, 2021 by Ian Blas (BCH Argentina) and Fernando Peliccioni (Knuth Node), Tangoswap is The first non-anonymous DEX on smartBCH.
It offers a DEX Aggregator which allows users to swap tokens at the best of it's fees focusing on gaining highest marketshare and providing best rewards to liquidity providers.
Tangoswap features the following;
Just Like every other decentralized exchange on smartBCH, IBCH allows users to participate in token swaps, staking, farming and every other feature on its platform without need for a KYC.
1BCH has been doxed privately by BCHPad - A SmartBCH launch pad, and was launched on the 30th of November, 2021.
Tropical Finance is a state of the art yield farming application and Dex on SmartBCH Chain with unique features which offers its investors brand new ways to maximize APRs.
Tropical Finance aims to provide high APRs with the least risks and strives to become one of the most stable and reliable platforms in SmartBCH Network by offering multiple features and ways that support yield increasing and solve liquidity problems.
Before investing, it is required that proper self research on projects is made in other to avoid crisis. Always DYOR.