A new plan by FastSwap creates a liquidity aggregator providing new options for staking and operating cryptocurrency strategy.
A guest author at NewsBTC reports that the decentralized exchange, which uses ERC 20 tokens, is also going to build in Binance Smart Chain functionality, and allow for staking, farming, and more, writing:
“The upcoming updates are part of the roadmap from FastSwap to attract investors and traders to use the platform. … 100% of the trading fee on the platform will be given to FAST token holders for the next one year. Also, every trader that uses FastSwap will be given quarterly airdrops. While some DeFi services seem somewhat obscure, Fastswap is very transparent in its simplicity. Pairs of exchanges can be set up easily using smart-contracts available to everyone with an easy-to-use interface for trading. There are over 50 supported tokens that can be swapped or exchanged on the Fastswap DEX platform.”
Along with providing greater liquidity pools and staking opportunities, proponents of FastSwap’s new system suggest it’s going to be pursuing user interface and user experience improvements. Some compare FastSwap to UnitSwap or SushiSwap as a liquidity aggregator that brings more market activity under one umbrella.
As for staking, this practice of pledging cryptocurrencies for gains is something that’s quickly generating interest in today’s financial world, especially with the low interest rates evident in the American financial system due to Federal Reserve activity.
FastSwap also gets top marks for security – according to experts, its exchange is ahead of most others of its kind in this regard.
“We use administrative, technical, and physical security measures to help protect your personal information,” spokespersons write in the exchange’s privacy policy data. “We (also) use encryption to secure your data and have taken measures to ensure that your data is erased from our database when your account is deleted voluntarily by you and is inactive for a set period of time.”
