According to ABEY, XSWAP will be part of several decentralized DApps under development by the ABEY community. XSWAP is the world’s first DEX built on the multi-layer programmable blockchain (ABEYCHAIN).

XSWAP effectively solves several problems with legacy cryptocurrency exchanges by innovating an entirely new trading model using an automated liquidity protocol and an “automated market maker” system that is not operated or controlled by a central broker. This is different from traditional, centralized exchanges.

Currently, XSWAP is fully compatible with infrastructure including all ARC-20 tokens, multiple cross-chain assets such as BTC, ETH, LTC, BNB, DOT, and AST, and surveillance-free, open-source wallet services from MetaMask and ABEY. Purse.

One of the unique features of the XSWAP platform is its native icon, which is XT. In fact, on August 17, 2021 – the XT’s first airdrop was completed in just four hours.

Additionally, 1.2 billion XT tokens are expected to be distributed to users through the platform’s liquidity mining process. XT is the management token of XSWAP and gives its holders the right to vote for new developments and changes to the platform. Among them are the minted token distribution and any changes in the fee structure.

Through the XSWAP Decentralized Exchange (DEX), its user base pools its assets to create a fund that is used to run all transactions. The tokens on the XSWAP platform have their own pools where users can contribute digital assets in exchange for an Annual Percent Return (APY) based on the value placed on XSWAP’s limited partnership. XSWAP may refund this APY amount in XT tokens or any other form at the user’s option.

XSWAP is made possible thanks to ABEYCHAIN ​​2.0’s hybrid consensus multi-layer programmable blockchain system that includes Delegated Proof of Stake (DPoS) and Proof of Work (POW) consensus for high-volume and high-speed transactions, and increased security to protect. efficiency and integrity of the protocol’s decentralized blockchain ledger.

Additionally, XSWAP introduces its innovative ‘automated market maker’ system that sets token prices on the platform. Using this method, a price is set based on supply and demand. The price of a coin can increase or decrease depending on the number of coins in the pool. All this is made possible by XSWAP’s algorithm that runs decentralized on ABEYCHAIN.

As a result, the ABEYCHAIN ​​ecosystem already has over 100,000 users, empowering developers to use smart contracts and build robust dApps that run significantly faster. To emphasize, they are much cheaper to implement in ABEYCHAIN ​​compared to Ethereum and similar systems. The value of the ABEY token has increased 400% over the years since it was introduced to the public. Thanks to the integration of XSWAP into ABEY, it will attract more investors, traders and crypto enthusiasts to the platform. More than 100,000 users will be able to take advantage of this innovation in the near future.

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