FibSwap: Trading Simpler, Cheaper and Better
The crypto and blockchain industries are growing fast. There are many factors that are directly associated with the industry growth, there are now more coins, tokens, blockchains, marketplaces and exchanges that are all entering the space, and potentially saturating the market. This saturation could potentially make it difficult for individuals to navigate the space.
In lue of this growth, individuals now diversify their investments into more than one blockchain. With large blockchains such as Bitcoin, Ethereum, Binance Smart Chain, and with newer, and smaller chains such as Polygon, and Cardano, there now is a need to have interoperability between those chains.
Swapping tokens from one chain to another is a great way to grow a digital portfolio and grow your investments. However, swapping tokens from one chain to tokens on another chain can be a tedious, technical and costly process.
The problem here is that people are now incentivised to move on centralized exchanges. But with centralized trading, people do not have as many options for tokens to trade, and do not enjoy the security of having direct ownership of their digital assets. Decentralized exchanges on the other hand, could be too slow, and costly to use if individuals opt to trade between chains, or even on the same chain.
FibSwap is making the process of swapping tokens from one chain to another chain simpler and affordable using its robust DEX. FibSwap is a multi-chain decentralized exchange with an aim to disrupt the crypto trading world by helping users swap tokens on multiple chains using IMBS (interoperable-multi chain-bridge-system).
What is FibSwap?
FibSwap is a decentralized exchange built on an Interoperable Multichain Bridge System (IMBS) by utilizing the FibSwap Smart Algorithm. IMBS helps in creating a bridge to swap tokens from one chain to another with low cost and instant transactions.
FibSwap aims to become the go-to DeFi solution for swapping crypto assets between Ethereum Network and Binance Smart Chain platforms ( more chains to be added soon). Using IMBS, the project can save valuable time and money and make swapping tokens and trading simpler for users.
FibSwap has created a robust decentralized exchange with a great value proposition for the users and token holders that makes it the ideal platform for swapping tokens across multiple chains. Some of the features of FibSwap are:
Swapping tokens from Ethereum to BSC usually takes 3–10 minutes which is a long time in the volatile crypto market. FibSwap aims to increase transaction speed and help traders save valuable time.
- Easy to Use
FibSwap offers an easy way to swap tokens by simply choosing the network and token to swap and hitting a single button to make it happen. FibSwap operates like Uniswap or PancakeSwap but with more utility and resources.
FibSwap wants to eliminate the need to rely on different platforms for swapping tokens in different networks. Starting from Ethereum and BSC, Fibswap will offer token swapping in a variety of networks.
One of the biggest hindrances in cross-chain token swapping is the complexity of DEXs. FibSwap is removing all the complexity from the swapping process and offering an easy-to-use DEX where users can swap tokens across different blockchain networks with a press of a single button.
Moreover, as part of its commitment to maintaining a secure, reliable, and safe platform, FibSwap has undergone various Audits from different reputed organizations. FibSwap ensures a smooth, affordable, and quick trading experience for crypto traders.
FibSWAP has developed a new type of DEX, Interoperable Multi-chain Bridge System (IMBS), that utilizes FibSWAP’s Smart Algorithm to streamline cross-chain token swaps. Users can use the bridge to swap tokens from one chain to another in a seamless and instant transaction. Moreover, the DEX has the lowest fees on the market paired with the unique lowest fee swap aggregator.