SARMASWAP is a next-gen DeFi ecosystem that combines a responsive DEX (decentralized exchange), a unique token taxation system, autonomous liquidity protocols, and a new cryptocurrency. The goal of the project is to provide a more transparent, deflationary token to the market. As such, the development team predicts the community will reach 3 million holders by 2023.
The SWARMASWAP pre-sale is live. Interested investors can acquire the token on the PancakeSwap DEX. PancakeSwap is the largest and most reputable DEX within the Binance Smart Chain ecosystem. Users can interact with this DEX simply by connecting a BEP-compatible wallet such as METAMASK.
How Does SARMASWAP Improve the Life of Daily Users
There are a lot of problems that SARMASWAP users can avoid. For one, the protocol helps to fight growing centralization. The crypto market has been plagued by centralization concerns ever since the first major CEXs (centralized exchanges) launched.
Today, large platforms like Binance and Coinbase control most of the trading activity. This centralization has left crypto users with higher fees, fewer options, and less privacy. SARMASWAP seeks to empower users and help them regain control over their financial future through a combination of strategies.
SARMASWAP operates as an open-source, non-custodial, peer-to-peer DEX. Users can trade their favorite digital assets directly from their wallets in a secure manner. Non-custodial exchanges help to alleviate security concerns as well. These protocols are less likely to fall victim to hacks because they don’t keep multiple users’ funds in a large wallet.
Additionally, non-custodial DEXs provide you with more accessibility to your crypto. Anyone who has used a large CEX can attest to the frustration felt when you go to access your coins and the network is down due to maintenance or other reasons. These outages can range from minutes to days.
During this time, you can’t access your crypto which means you can’t adjust to the fast-paced market. In the end, the inability to access your funds can result in major losses that could have been avoidable.
Avoid High Gas Fees
Another major problem that SARMASWAP provides some relief for is rising gas prices. The largest DeFi network in the world at this time is Ethereum. It’s currently experiencing record high gas fees. These fees are brought on by a combination of factors including a flood of new DeFi and NFT (non-fungible token) protocols, as well as, the technical structure of the system.
Ethereum is a Proof-of-Stake network that was designed to increase gas fees in response to rising congestion. In the early days of the network, this was an effective way to reduce spam and drive network congestion down. However, today’s congestions issues are the result of legitimate projects. As such, this mechanism is now counterproductive. As such, developers continue to seek out viable alternatives.
SARMASWAP eliminates these problems through the use of proprietary protocols. The network provides the fastest execution and the cheapest one-time exchange fees in the market currently. SARMASWAP traders enjoy near zero gas fees when trading on the platform. Consequently, more traders are making the switch.
Data theft is on the rise. Reports have shown that there were billions of peoples’ identities stolen over the last few years from data breaches. Protocols like SARMASWAP help to eliminate these concerns by never holding your personal information in the first place.
The Many Benefits of SARMASWAP
SARMASWAP leverages a decentralized structure to improve responsiveness and provide developers with more features and services. This DeFi protocol’s framework supports all the latest features including staking protocols. These features combine with the system’s unique transactions tax recirculation system to improve the user experience.
A New Rewards System
SARMASWAP rewards holders with 5% per transaction made on the network. These rewards are distributed to the community via a staking protocol. Staking is one of the most popular features in the DeFi market today. When you stake your tokens, you lock them into a network smart contract. In exchange for your liquidity, you receive rewards.
Staking is an ideal option for new users to consider because they can obtain consistent returns. Additionally, when you stake your tokens, you don’t give up ownership of the assets. Also, since your staking rewards are paid out in SARMASWAP tokens, you can add these to your original stake to drive your ROIs higher.
Keep it Deflationary
SARMASWAP integrates a variety of deflationary protocols to help control the value of the token and prevent inflation. Notably, the system is set up to burn 2% of all transactions fees. The developers also burned 50% of the total coin supply upon launch. When a token is sent to a burn address it’s removed from circulation for ever. This maneuver helps to reduce supply, which in turn, helps to drive demand and prices.
How Does SARMASWAP Work?
SARMASWAP operates on the Binance Smart Chain. This fourth generation network was built by the world’s largest exchange, Binance, to support more DeFi capabilities. The protocol provides SARMASWAP with top notch scalability and security. Users can conduct p2p trades of digital assets, NFTs, and other derivatives.
At the core of the SARMASWAP DeFi network is the DEX. The DEX enables anyone to effortlessly access the top features of the network. You can trade your favorite tokens. You can access staking features directly from the DEX as well.
SARMASWAP is the native utility token of the DEX. Traders can use SARMASWAP to make purchases, pay fees, and earn automatic rewards. The token complies with the BEP-20 standard which means you can leverage all of the BSC-supported platforms.
The SARMASWAP presale is now live. Notably, the developers have already locked 40% of the token supply to protect investors from a rug pull. You can learn more about SARMASWAP here.