Place/Date: New York, NY - July 1st, 2022 at 11:02 am UTC · 2 min read
Contact: Jeff Davidson, Source: Swappi
Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux eSpace, today announced its first exchange listing on BitMart. Swappi’s native token PPI is now available for trading on BitMart, a leading crypto exchange with millions of users globally. As the first exchange to list Swappi, BitMart lets users trade the PPI/USDT pair.
Swappi was the first DEX to launch on eSpace, an EVM-compatible smart contract execution environment that allows developers to deploy and execute Ethereum-native dApps and smart contracts within the Conflux ecosystem. BitMart’s listing of Swappi (PPI) also marks the first listing of a Conflux eSpace asset.
As an AMM-based DEX, Swappi lets users trade in a fully decentralized environment without registering or creating an account, enabling anyone to start trading within seconds. Swappi provides Conflux users with a platform to swap, stake, and earn yields on their crypto assets. By deploying on Conflux, a permissionless layer 1 blockchain with significantly lower transaction costs compared to other chains like Ethereum, Swappi is able to provide users with the lowest fees of any top DEX.
The exchange listing comes as Swappi gears up to launch a new launchpad feature that will enable projects to conduct an Initial Dex Offering (IDO) on Swappi. The launchpad will allow projects to conduct IDOs and hold both private and public sales, letting them set fixed token prices, token allocations, and sale times for their IDOs. Users who stake Swappi’s native token PPI will gain early access via private sales.
Swappi is a non-custodial platform that lets users trade directly from their wallet of choice and retain 100% ownership of their crypto. Built on open-sourced software, Swappi’s dApps and smart contracts are also publicly visible for maximum transparency.
Swappi smart contracts have been audited by CertiK, the leading security-focused ranking platform to analyze and monitor blockchain protocols and DeFi projects.