123swap is a peer-to-peer atomic cross-network crypto-asset swapping protocol that eliminates the need to trust a custodian or counterparty. 123swap is a prominent crypto swap protocol for the Smart Economy that allows users to swap, hold, send, receive, earn, and invest their preferred assets across many chains.
The 123swap ecosystem is made up of six primary components:
It’s a peer-to-peer crypto asset exchange platform. 123swap uses the wisdom of the crowd to build a web 3.0 economy that is community-governed, transparent, and decentralized. Binance Smart Chain is the platform on which it is a developed ecosystem.
The 123swap platform is largely self-funded and requires project governance. As a result, the majority of the tokens will be sold during the pre-sale. The public and venture capitalists will have equal rights.
123swap returns financial authority to the people, allowing them to save and increase their money.
P2P -> Community Governed -> Transparent Decentralised
123nft uses NFT tokens to facilitate and support the selling and purchase of digital art (“Non-Fungible tokens”). On this platform, users can sell digital art in auctions to collectors, and the selling of NFTs opens up new cash streams for them. The platform allows users to effortlessly mint and trade their NFT tokens.
123yield is the first of its sort in the industry. Users can directly participate in staking and earn incentives on the platform. Users can safely invest an increasing quantity of PoS and DPoS assets while also earning 123 tokens as a bonus.
Users can use their 123 tokens to earn a variety of cross-chain assets by staking them. The platform collects users’ staked interests and delegates assets on their behalf to trusted validators.
123yield is easy to use, safe, and convenient. Every day, users can stake their 123tokens and receive USDT payouts with no activity required on their part.
The 123yield referral program allows users to earn a commission for referring others. When a user utilizes another user’s link to make a stake, the latter receives 10% of the staked amount. The user will not receive any bonus or referral commission if the money is removed during the 14-day lock period.
Asset management across many chains has never been simpler. BTC, BSC, ETH, and DOT are all available on the 123bridge platform.
Decentralized Finance Gateway: Accessing Defi services via 123bridge is simple because of the fully integrated API. Users can now complete their tasks without leaving the app.
- Liquidity sources across the most popular DEXs
- With a single click, you can trade between chains.
- Multi-chain assets can be freely exchanged.
- Obtain access to several blockchain networks
- Layer two networks using a bridge
Holders of 123swap tokens have complete control and ownership of the 123swap platform. They have the ability to vote and govern. Governance tokens are digital assets that reflect voting power in a blockchain-based project. They’re usually found in Defi initiatives because they need to transfer powers and rights to users in order to stay decentralized.
The platform aspires to build a strong-handed community. Members of the community will make critical decisions such as whether team tokens or advisory tokens should be used, lock duration, and so on, using a proper voting system.
123Swap and Financial Ecosystem :
Ethereum is the most popular blockchain development platform, although it has a number of serious drawbacks, including lower throughput, poor user experience (gas, delayed PoW finality), and lack of sovereignty (shared throughput/clogging risk, non-customizable tech stack, governance reliance). Many projects are looking towards Ethereum-compatible blockchains as a method to get around these issues while still making use of Ethereum’s growing ecosystem. There is, however, no particular infrastructure for creating such blockchains, nor is there a mechanism for connecting them. This presents considerable development issues and fragments ecosystems.
How 123Swap Has Changed the Game:
Polygon is a one-click deployment of predefined blockchain networks. It is a protocol and framework for constructing and linking Ethereum-compatible blockchain networks. It features an ever-expanding range of modules for creating customized networks. It gives Ethereum and other blockchain networks an interoperability standard for exchanging arbitrary messages. It features a highly secure architecture with customized modules that allow current blockchain networks to communicate with one other.
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