BenSwap (SmartBCH) or MistSwap: The Race to be on the TOP of all SmartBCH DEX's is Heating UP!
February 01, 2022 - Tuesday, 11:06 AM
Whenever there's a list, there's a competition. Competition makes competitors push their mind and body to perform and up their game to new heights and excell against all competitors. In any kind and type of competition, it's always the third party who benefits from it, the consumer and supporter of the said competition in general.
In this article, let's take a look at what is currently happening on SmartBCH Decentralized Exchange (DEX) race to be on top of all the DEX'es on it's Chain.
Not too long ago since SmartBCH was launched as a Side-chain of Bitcoincash (BCH). It was launched last 30th of July, 2021 to be exact and six months old since it was launched. SmartBCH is that young but very promising because of it's lower fees and fast transaction confirmations that lures programmer's and developer's to ride on the SmartBCH Communi-verse.
For the last six months since SmartBCH was launched. There's no other DEX that's been taking the Top spot and of course it is BenSwap (SmartBCH) for an obvious reason because it was the first DEX also on the chain. Then MistSwap arrived on SmartBCH Chain that gives BenSwap a good competition on dethroning it in the top spot.
Fast forward and the year ends but still BenSwap still sitting firm in the top of all the DEX in SmartBCH, but these same old list of all DEX'es might change in just days away or a week by the time MistSwap overtakes and hold the top spot. As you can see on the image above, MistSwap is just $400K behind BenSwap.
MistSwap on full Throttle
Behind the limelight, MistSwap DEX was cooking something that will surprise not just BenSwap but all the other DEX'es on SmartBCH. MistSwap partnered with hop.cash and sideshift.ai for the first ever DEX on SmartBCH that has a Bridge wherein we can directly Swap our Bitcoincash BCH to SmartBCH. What was jaw dropping about this is that not just only BCH are available to bridge on MistSwap but also the top leading fifteen (15) other crypto assets on the market. MistSwapBridge is not just your average Bridge but it also has a faster transaction confirmation which is like lightning fast and with the lowest fees. The faster the transactions on the block to be confirm, the more chances we won't get caught on highier slippage fees because of tokens volatility. Other bridge takes a long time confirming transactions which can really hurt us if we're bridging a huge amount in a single transaction because it is a percentage type basis.
To view the MistSwap Bridge, you just have to go to MENU and tap/click Bridge. (Just view the photos below for the list of available tokens to bridge).
Latest Listing: MistSwap was recently listed on hoo.com
BenSwap (SmartBCH)
Note: why I always put SmartBCH after Benswap, because there are to BenSwap DEX'es , just to be specific.
BenSwap (BSC) - benswap.finance
BenSwap (SmartBCH) - benswap.cash
BenSwap also on the other hand takes business on their hand by creating also a new way of yield farming which is cold Ranches. This new features of yield farming was introduce to BenSwap not just long ago around third week of January. BenSwap Ranches is a yield farming in which we can earn incentives by the just adding liquidity to the pair you are adding liquidity with, same with 1BCH DEX sprinkler. BenSwap Ranches really up the Total Value Lock (TVL) of the DEX and solidifies it's reign even more on the top all DEX'es.
Latest update: You can now track your BenSwap Portfolio on debank.com
Author's Thoughts
On my last article I was very vocal that I side and support BenSwap (SmartBCH), not just on my lat article but ever since I indulge myself with SmartBCH, I'm always a BenSwap SmartBCH Dex supporter. Some even called me a diehard BenSwap SmartBCH Dex supporter, but maybe it will change after this MistSwap latest update on MistSwapBridge. Now the only questions left behind is what DEX you guys are all routing for? Let me here your thoughts down below chill'hustler's, maybe we can learn new ideas in regards to this topic. I'll be very open to hearing your thoughts guys.!
Hello there Chill'hustlers!!🙋🏽♂️ As always, I'm glad you reach the end again, thank y'all for always sharing your day with me, see you on the next one Chill'hustler's. Have a chill vibe first day of love month ahead, stay hopeful cause better days are comin', Good vibes always, Jah bless and PEACE ✌️!!! 🙏🙇
Adieux!
Title : BenSwap (SmartBCH) or MistSwap:
The Race to be on the TOP of all
SmartBCH DEX's is Heating UP!
Carewind: 40th Article
February 01, 2022 - Tuesday, 11:06 AMJanuary 2022 Articles:
Riding on the Young and Promising SmartBCH
365 Days: First Year Indulging, Loving and Supporting Bitcoincash
How I See Men Break's in Secrecy
SmartBCH: List of Decentralized Exchange (DEX)
.
Your article gave me a concise resume of what is going on with SmartBCH's first two dexes. It is something that I appreciate because I can know what is going on in a hurry; I already knew what you mentioned but am still a fan to read what others are saying about the two assets that I am observing the most with in SmartBCH.