LavaSwap announced last Thursday, June 24, through its Twitter account, that it has returned along with new features for the platform.
“The DEX landscape has become obsolete and the Lavaswap team has been busy working on a new innovative DEX scheme. Lavaswap 2.0 will join the BSC and will bring with it a BRAND NEW DEX that offers the possibility of exchanging with the BSC”, he said through an article published on the Medium platform.
The company indicated that users can now switch between using Huobi ECO Chain and Binance Smart Chain to conduct token exchanges.
In his view, most users are likely to want to use the Huobi ECO Chain because of its lower fees and its ability to trade between network assets. However, if you are an investor in Binance crypto assets, the BSC is likely to be the most attractive option for the exchange.
“The current plan is for the two chains to operate in parallel, but Binance may migrate its native crypto assets to the Huobi ECO Chain in the future”, he added.
Access to new tokens
According to the company, the integration of Binance Smart Chain in the Lavaswap protocol allows the exchange of 190 new tokens. This brings more exposure to different crypto assets, opening a wide variety of different investment opportunities.
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“We want to be able to make it as easy as possible for users to buy, sell and trade their favorite tokens. BSC will provide the best decentralized exchange experience”, he commented.
LavaSwap assured that it will play a vital role in the development of one of the most anticipated blockchain platforms in the industry, BSC. BSC will allow the list of smaller tokens, while also allowing the possibility of cross-token transfers between blockchains.
Low fees and fast transaction times
The company indicated that BSC was designed to become the most inclusive blockchain that allows everyone to participate. BSC’s default fee for a single transaction is only $0.10, and the transaction speed is only 3 seconds, making BSC arguably the cheapest and fastest blockchain with full NFT functionality.
In his opinion, and compared to Ethereum, BSC handles around 260% of daily active users and more than 600% in daily transactions.
Entrance ramp and payments Fiat
The company detailed that, in collaboration with Transak, BSC now has its own fiat entry ramp that allows users to buy BEP-20 assets with fiat currency without the need for exchanges. BSC also supports payment products such as Binance Pay and Binance Card that allow you to receive and spend supported tokens.
On the other hand, LavaSwap announced the launch of a new economic model. LavaSwap V2 will update its DEX platform. LavaSwap plans to introduce strategic investors to change the current ‘mine, withdraw and sell’ problem in liquidity mining and maximize profits for long-term LAVA token holders and green participants.
“LAVA is one of the first decentralized and interoperable cross-chain exchange protocols powered by Huobi Eco Chain. Since its launch, it has been actively exploring the best development model for the DEX market. After months of research and discussion, LavaSwap has a deeper understanding of DEX development and the needs of community users. V2 will make further adjustments and updates based on the existing economic model and is committed to leading the DEX market in the new era!”, he specified.
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