Cardano Based Project Bashoswap Introduces Launchpad and
Singapore, March 04, 2022 (GLOBE NEWSWIRE) — Decentralized finance (DeFi) is currently growing at a breakneck pace, both in terms of products and users.
Uniswap, an Ethereum blockchain token exchange technology, is one of the most important and widely used instruments.
It is difficult for most people to trade tokens on Uniswap due to high gas costs, slow transaction confirmation times, and overlapping liquidity.
Many DeFi AMMs have a lot of overlap in their offerings on the Ethereum blockchain.
Decentralized Cardano project bashoswap seeks to develop an accelerator and native token exchange platform that would connect early-stage Cardano developers with early adopters, enabling shared liquidity and a host of other new features to be added to the platform.
One of its goals for its exchange protocol, as their whitepaper outlines, is to have a token exchange protocol that will be achieved by combining the native deposited Cardano and ADA tokens into a virtual pair using technology MA.
Liquidity providers will also have the option to choose a pair of pools to benefit from the best LP fees to facilitate unauthorized exchange of tokens with a liquidity/exchange mechanism.
When liquidity providers burn their LP tokens to mine their share of pool reserves, they are entitled to their rewards. In return for providing liquidity to pools, liquidity providers will earn additional benefits. $Bash tokens will be used to incentivize the use of crucial pools.
Bashoswap Launchpad will use Cardano smart contracts, made available by the Alonzo hard fork, to offer developers and projects seeking financial support a transparent, efficient and fully decentralized fundraising platform.
The native Bash token is at the heart of the project. The Bash token will be used for staking, farming, and governance on the network.
Bashoswap is now holding a private sale whitelist for early adopters who wish to participate in the initiative
The total number of $Bash tokens created will be 500 million.
Native Cardano tokens will be fully supported on the Launchpad, as will a set of powerful DeFi technologies essential to the success of Blockchain ventures on the Cardano chain.
Transactions and exchanges of tokens on the Cardano blockchain will be made possible thanks to Bashoswap DEX.
Bashoswap also aims to launch a mono liquidity pool that would work Instead of using the regular pool pairs, a single token design for liquidity pools will be introduced.
Join the private sales whitelist: https://bit.ly/3BubgvP