Berita Digital: swapult

About SWAPULT

Decentralized Finance (Defi) has brought a world of benefits in the crypto-industry, specifically the elimination of intermediaries such as banks, government, and other financial institutions, allowing individuals to have absolute authority over their funds.

Defi was introduced to resolve some of the challenges of centralized finance. While centralized uses intermediaries to controls peoples’ funds, Defi eliminates them, raises the convenience of finance, and delivers all types of financial services on a transparent and trustless blockchain network.

Defi, which is simply a collection of ideas and projects, aimed at utilizing blockchain technology to transform financial services. This innovation has enhanced the decentralized way of financial applications, thus bringing in a world of benefits including transparency, permission less environment (allowing anyone to access Defi apps), improved security, personal control of data, and many more.

The Defi world is steadily on the rise, more than $20bn have been deployed across different Defi projects and more Defi projects are created almost daily. Regardless of the competition, however, knit finance is one DeFi-based project that stands out in many ways, introducing decentralized governance, additional payment systems, earning opportunities, and many more to the world of cryptocurrency.

SWAPULT Solution

Swapult is a swapping protocol that envisions a decentralized way to connect early stages

blockchain-cryptocurrency innovators and investors. Its unified interface allows project owners to launch and manage liquidity auctions that are easy for investors to find on the platform.

Swapult embarked on a long-term mission to disrupt and fully decentralize liquidity auctions. the project was built with a vision to facilitate greater interoperability through cross-chain interactions, which in turn, will further strengthen the adoption and value of DeFi.

Safe And Reliable

As such, there are two major barriers to mainstreaming DeFi, aside from the often-discussed issue of scalability. Most of the existing projects are not user friendly and steep learning curve.

Besides, a bug-laden and poorly written smart contract seems to be undermines DeFi's potential to be tamper-proof. To mitigate this problem, we have used React Native to build responsive Swapult UI, along with intuitive information architecture. At this stage, the stacks we use for MVP are Solidity, javascript, react, web3, and key.

SWAPULT Protocol

Staking:

This is partly similar to Staking to what’s attainable in traditional finance where individuals deposit to banks and other financial institutions and have their money used by banks to maintain cash flow with no precise rewards. Staking in Swapult protocol differs in the sense that while users deposit their crypto assets in ERC20 wallets , their deposits are used to lend out to borrowers, and maintain the Proof-of-stake(POS)-based blockchain system operation. In return, stakers are rewarded with annual passive income from their $SWAPULT token.

Secure Wallet:

To store tokens, you need an ERC-20 wallet that is very compatible with borrowing and savings.

Governance:

Since it runs as a DEFI platform, it has no governmental overpower. Making it free from government policy rather its operations are decided by an independent board, by voting on ideas by the members.

Security:

Swapult protocol makes use of the incomplete Turing-protocol, which reduces attacks and safeguard the system.

Development:

Swapult protocol is currently working on a DEFI app, and also creating a crypto exchange platform that will enable the use of $SWAPULT token token, to buy and trade online.

SWAPULT Token Information

$SWAPULT token is an ERC — 20 token with a supply of 5,000,000 SWAPULTE token, This token will serve as the “fuel” that will support the operation of the platform. swapult protocol plans to sell these tokens in their token sale program with an attractive bonus.

FULL INFORMATION IS BELOW: