Home / BridgeSwap - Decentralized Cryptocurrency Exchange (DEX) That Provides A Full-service Ecosystem

BridgeSwap - Decentralized Cryptocurrency Exchange (DEX) That Provides A Full-service Ecosystem

By Preview Car June 05, 2022 Post a Comment

For those of us who are deeply invested in the cryptocurrency market, it's a constant struggle to find a safe and reliable way to trade tokens. There are many decentralized exchanges (DEXs) that have cropped up, but few have the functionality and reliability of their centralized counterparts. This is not surprising, as decentralized systems are hard to create. But BridgeSwap, while still rough around the edges and in need of some polish, has made a solid attempt at rectifying this issue. BridgeSwap is one of the few DEXs that attempts to solve these centralization problems without sacrificing key aspects like security and user experience.

BridgeSwap is an independent, decentralized cryptocurrency exchange (DEX) that provides a full-service ecosystem in which users can trade with one another directly. BridgeSwap offers a better, faster and safer experience for the community of users interested in cryptocurrency trading.

BridgeSwap may be a safe and successful crytocurrency exchange. As cryptocurrency's popularity grows, so will interest in trading. BridgeSwap has a significant potential user base, maybe because to its new incentives scheme. You're eager about BridgeSwap's debut. BridgeSwap offers decentralized trading functionality. BridgeSwap solves the issue of centralized exchanges. Like blockchain technology, BridgeSwap is decentralized; no third parties are needed to trade on the platform. Users maintain control of their cash while using an innovative trading system.

What is BRIS Deflationary Mechanisms?

BRIS Deflationary Mechanisms is the process of permanently removing coins from circulation, thereby reducing the total supply. This will be performed by the development team and will be done in several ways, most commonly by sending the coins to Dead address.

There are several benefits of a coin burn and they are as follows:

Increase In The Value Of The Token

This is probably the most well-known benefit of BRIS Deflationary Mechanisms. BRIS Deflationary Mechanisms reduces the overall circulation of the token, thereby the overall supply decreases. It might potentially result in an increase of the token value. The constant burning of the coin helps to keep a steady value.

A Steady Value Of The Token

Constant token burning helps to keep a steady value of the token and it also bets for a long-term price increase. BRIS Deflationary Mechanisms can potentially make the holder’s token more valuable than it was before the burn.

How Does BRIS Deflationary Mechanisms at BridgeSwap Work?

The practice of burning may involve the project’s developers buying tokens back from the market or burning parts of the supply already available to them. Here, at BridgeSwap, there are four deflationary mechanisms in place.

The BridgeSwap Lottery, 20% pot to be burned weekly.

Auto BRIS Pools Performance fee, 2% subtracted automatically from each yield harvest to be burned weekly.

In addition to the above, a dynamic amount of BRIS is also minted to the Dev address at a rate of 9.09%. This means that if 100 BRIS are harvested, then 9.09 BRIS is minted in addition and sent to the Dev Address. All the total amount of BRIS minted will always be sent to the dead address / burned weekly .

0.01% of all the trading fee captured on DEX, will be used to buyback BRIS and burned.

BridgeSwap Roadmap Phase

Q1 2022

BridgeSwap Mainnet DEX Development

Livestock & Pond Development.

Development of Zap Defi 2.0.

BRIS Vault Development (Automatic Merging BRIS-BRIS Pool )

Lottery Development (Deflation Mechanism): Lottery is not only an opportunity for you to win more BRIS tokens but also a burning mechanism for us to keep the token value stable.

Referral Program Development

Q2 2022

Launch of IDO for BRIS tokens.

BridgeSwap Mainnet DEX launch

Ranch & Pond Launch

Lottery Launch

Referral Program Launch

Launch of BRIS Vault (Automatic Merging BRIS-BRIS Pool )

Defi 2.0 Zap . Launch

Announce Partnership

Trade Mining Development

DAO governance using BRIS token development.

Q3 2022

Info Development & Analysis

Trading Battle

Portfolio management

Multiple languages

Q4 2022

Cross Chain Integration

Q1 2023

BridgeSwap NFT Ecosystem

More To Be Announced

In The End

The concept of decentralized exchanges may seem like a relatively new idea, but it's been around for decades in the form of peer-to-peer (P2P) systems. The oldest and most prominent of these is the BitTorrent platform. P2P systems are inherently decentralized, meaning there are no central servers or controlling entities; users connect directly to one another to share files. This is ideal for blockchain technology, where security and the elimination of any single point of failure are major selling points. However, much of the infrastructure is still in its infancy, which is why it's taken so long for a P2P system to be used as an exchange platform.

Bridgeswap is bridging Defi on Web 3.0 from traditional finance in a decentralized manner to create a fair global economy that is sustainable, accessible, and community-driven DAO. Bridgeswap allows users to trade crypto assets at any time, anywhere in the world, at any time with zero fees and near instant settlement. Bridgeswap is an Automated Market Maker Decentralized Exchange on the Binance Smart Chain with 0% fees and near instant settlement.