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The CoinSwap DEX to Launch Mining on October 20th for BSC Users

The launch is part of their initiative to become one of the top-tier exchanges available on Binance Smart Chain.

Get Ready for CoinSwap

CoinSwap.com seeks to be the most innovative Decentralized Exchange (DEX) in the entire blockchain space. The project is about to launch mining on October 20th, completing their DEX utility initiative. CoinSwap’s combination of increased functionality with sound tokenomics and low fees sets it apart from DEXes that have lagged in innovation.

While some DEXes are forks of pre-existing protocols and haven’t sought to innovate to improve user experience, CoinSwap has placed special emphasis on building an entire ecosystem for users through with products.

Much like other DEXes, CoinSwap provides an Automated Market Maker (AMM), but they’ve set themselves apart by becoming the first Decentralized Cloud [DeCloud] Trading Protocol.

Some of the other features and functions of CoinSwap that distance it from competitors include: Trade, Farm, Advanced Trade, Deductible Fees, Liquidity Migration (5 eligible DEXes), Node NFT, Personalized Customization [personalize a DEX and gain rewards and fees], Market Data, DAO Governance, Financial Derivatives, Assets, and Referral Rewards.

The First DEX with Supernode NFT

Users can earn cashback through building their own ecosystem within the larger CoinSwap’s ecosystem and help build ecology. CoinSwap rewards users with referral rewards by helping build the CoinSwap community while also enriching themselves by generating revenue in the CoinSwap token, COINS.

Allowing users to build their own ecosystem and DEX within a larger protocol is an extremely innovative development. This internal community that users can build through Non-Fungible Tokens (NFTs) and Supernode NFT is the future of the DEX industry.

Advanced Trading with Professional Settings

CoinSwap’s DEX is unique not just because of the NFT and Supernode NFT functionality but for other reasons as well. One major reason CoinSwap has separated itself from the competition is the ability to trade with professional settings on CoinSwap’s advanced trading protocol.

Users can experience trading on a DEX for the first time and will benefit from the k-line functionality and the ability to see the depth of the market in real-time.

These features allow users to trade with the traditional CEX benefits but through a decentralized protocol and gives Decentralized Finance (DeFi) users the inclusivity they deserve in financial markets.

Pay for Trading Fees in COINS

Users will notice that when trading on CoinSwap users can pay for their fees through COINS. This is a net benefit for token holders and those providing the ecosystem with liquidity because with every transaction some of COINS’ supply is burnt.

This model is much like EIP-1559 that just recently launched on the Ethereum network, which is a deflationary mechanism to reduce Ether’s supply over time. This same system has been implemented by CoinSwap as it is sound tokenomics that create a self-sustaining ecosystem.

COINS Volatility-Block Reward Locked

It’s important to understand that when staking, COINS price changes will affect the amount of a user’s locked reward. This serves as a control on the circulating supply of COINS, helping maintain its value.

The primary initiative of CoinSwap is to continue providing its users with advanced functionality in DeFi and with low fees. By operating on Binance Smart Chain and mixing CoinSwap’s Node and Supernode NFT program, users are experiencing some of the lowest fees in the blockchain space.

Mining is the last function to launch on the platform and on October 20th users will have access to the full functionality of a highly-revolutionary DEX. Join us and let’s enjoy these high APYs together!

To learn more about CoinSwap, visit the following links:

Coinswap Official Website
Twitter
Medium
Youtube
E-mail: media@coinswap.com

Media Contact
Company Name: Coinswap
Contact Person: Media Relations
Country: United States
Website: https://coinswap.com/
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