(6) DEX Exchanges on SmartBCH, a bullish sign for BCH [updated]
When the SmartBCH side-chain was launched there were still many people who didn't believe the project could succeed.
Luckily everything indicates that the side-chain will be a success and everything around Bitcoin Cash will flourish. In the beginning, there was a single trading platform and it was this that drove the development of the various tokens that SmartBCH now has.
BenSwap pioneered the decentralized asset trading business at SmartBCH and helped many projects that developed their sales on the platform.
BenSwap Dex Exchange
As I mentioned above, BenSwap was the first DEX on SmartBCH and also the first to introduce its own governance token into the network. This token was also the first to be listed on a CEX Exchange, on November 8, 2021.
With BenSwap SmartBCH had a platform where projects could list their tokens created in the side-chain for the first time and without exaggerating I can say that BenSwap gave a positive boost in the evolution and discovery of Smart Bitcoin Cash chain by investors.
Find the platform at the link below:
Other contacts:
Telegram: https://t.me/bentokenfinance
Twitter: https://Twitter.com/bentokenfinance
BenSwap (SmartBCH) Contracts: https://docs.benswap.cash/security/contracts
As I mentioned, the BenSwap native Eben token is listed on all existing DEX exchanges on SmartBCH and also on CoinW, a centralized exchange located in Asia that trades assets in cryptocurrencies since 2013.
MistSwap Dex
This exchange was the first exchange to be listed by a notable member of the Bitcoin Cash community, Kasumi, who despite being an anonymous figure, gave an incentive for investor participation as well as community members.
Unlike Benswap, MistSwapDex has not conducted any pre-sales of their currency (the Mist Token as well as Xmist) and is an easy-to-use platform. For an overview of how easy Mistswap is to use, for those who have used SushiSwap, it is a direct fork of it. MistSwap since its launch has gained investors and many members for its transparency and inclusion of several trading pairs and Farming on the platform.
Their token is only traded on the 'mother' platform and their next step will be the introduction of Mist Lending, which is a cryptocurrency loan solution and its return will feed Mist Token holders who are Staking on the platform and is a service that is being long awaited.
The platform also has an analytics system that is innovative on DEX Exchanges and a real-time Farm overview service of the various Farms that the platform has.
Find the DEX exchange here:
Telegram: https://t.me/MistSwapOfficial
Discord: https://discord.com/invite/xFTnQEzu9T
Other services
Mistswap Analytics:
https://analytics.mistswap.fi/
See Upcoming farms alocations in real-time
https://analytics.mistswap.fi/pools/upcoming
MuesliSwap DEX
This platform had its market entry as the third DEX acting on the SmartBCH side-chain, it is owned by anonymous developers located (as they say) in Switzerland. Like the other two, it also has a native and governance currency called MILK and its platform is a fork of Pancakeswap, the famous DEX in the Binance Smart chain.
Like BenSwap, its native currency had a pre-sale where it raised money to be able to carry out developments on its platform.
Website:
Telegram:
https://t.me/MuesliSwapofficial
Other documents
TangoSwap DEX
TangoSwap is without a doubt the latest to enter the market for decentralized asset trading platforms on SmartBCH which has two prominent figures in the Bitcoin Cash community as developers.
They are not unknown, they have a face known by the community and before launching the exchange they were already actively participating in the development of the Bitcoin Cash community.
TangoSwap is led by Fernando and Ian, the first is the figure of the Knuth project who also has a token and was already developing nodes to maximize Bitcoin Cash on the network, giving it more quality, Ian blas is a figure too well known in the Bitcoin Cash environment, it is directly linked to the Bitcoin Cash Argentina project.
TangoSwap is only days after its launch and has practically held the market with the second largest TVL among DEX cryptocurrency trading platforms on SmartBCH. It has native currencies the Tango Token and the xTango that is, the version given when the Tango Token is staked on the platform.
No wonder TangoSwap is conquering the community as with many projects in rug Pull people fear that other platforms might one day do so and prefer to leave their value with reputable people in the Bitcoin Cash community, the platform offers security to the community and also to investors who know who their developers are.
Find TangoSwap:
Telegram: https://t.me/tangoswapcash
Twitter: https://twitter.com/TangoSwapcash
To list a Token: https://forms.gle/e49KQSbp1ptkWCee8
TangoSwap is a DEX Exchange that is a fork of Mistswap, which makes it very user-friendly to transact with it.
Tropical Finance
Tropical finance is the latest Dex found on SmartBCH side-chain and is already making some big waves.
Their devs are unknown but there's a big trend on their governance token, Daiquiri, which sold on pre-sale and right now can be bought on 30 cents. It's a very easy to use Exchange and with a great interface to navigate on. There are big APY on the Dex (one of the best on smartBCH) and already locked more than $1M on the platform.
More info about Tropical Finance:
PlaTform: https://app.tropical.finance
Telegram: https://t.me/tropicalfinance
Telegram News channel: https://t.me/tropicalfinancenews
Twitter: https://Twitter.com/tropicalfi
1BCH DEX
1BCH is a very promising platform on smartBCH. It started some time ago and has the 1BCH token as their governance token with a lot of innovations on the exchanges running on SmartBCH.
They present the sprinklers, where users can grab some free tokens rBCH just for passing on the exchange. Let's get some more info on the links below:
Exchange: https://dex.1bch.com
Telegram: https://t.me/DeFi1BCHEnglish
noise.cash: https://noise.cash/u/1BCHOfficial
TVL on SmartBCH's DEX Platforms
The total amount locked in SmartBCH can be seen in defillama, which aggregates all trading platforms in the side-chain and until yesterday had in total locked in the four platforms more than $44M worth in assets.
BenSwap continues to lead with over $19M worth in assets followed by the sensational MistSwapDex which held over $16M in crypto assets locked in the platform and then comes TangoSwap with almost $4M and Tropical Finance (sensation) with more than $3.1M, on the last places comes the 1BCH also the MuesliSwap.
All TVL can be checked in real time on Defillama using the link:
https://defillama.com/chain/smartBCH
Other links:
Find out how much was invested in SmartBCH and how much Bitcoin Cash was burned in SmartBCH through the link below:
https://smartbch.fountainhead.cash/grafana/d/GUnTOBGnz/smartbch?orgId=1&refresh=5s
Smartscan: https://smartscan.cash
To finish,
SmartBCH side-chain is a DeFi platform that is innovative different from the many that may exist in the various blockchain networks spread across the world of cryptocurrencies.
Its fees are extremely low and will still go down after network upgrade, transactions are fast and transparent. For those who have used the Ethereum network, and verified how fast it is, you can very well attest to how fast SmartBCH is, but unlike Ethereum it doesn't charge lots of money only in transactions, but only cents for transactions carried out on the chain.
SmartBCH is Bitcoin Cash used in decentralized finance which, like the Binance Smart chain, can greatly influence the currency price. Not to mention that in SmartBCH there is the Bitcoin Cash burning mechanism, reducing the supply of the asset in the minnet, making it even more scarce.
There is still a lot of scope for SmartBCH's development and with it the evolution of Bitcoin Cash to levels never seen before.
SmartBCH has to become 100% decentralized after this probation period using CoinFLEX as the manager, and when that happens the sky will be the limit for Bitcoin Cash as the visibility and adoption will allow more investors to enter the market.
Yes, it is the evolution of Bitcoin Cash in the DeFi ecosystem.
i don't just know why, I'm so bullish on SmartBCH, im having this big feeling its going to be bigger than BSC and ETH combined