BridgeSwap — Bridging DeFi on Web 3.0 from traditional finance in a decentralized way

Silaskaibr
4 min readMay 30, 2022

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BridgeSwap is a decentralized exchange (DEX) that supports the trading of all digital assets. A DEX is a blockchain-based platform that allows users to trade digital assets without having to rely on an intermediary. Instead, when a buyer and seller come together, smart contracts are deployed, giving the buyer and seller complete control over their digital assets at all times. BridgeSwap’s mission is to give people around the world access to decentralized financial possibilities. This is accomplished by providing them with a platform that enables them to trade their digital assets with one another in a very simple way — allowing them to get rid of the middleman and conduct free business anytime they please.

How BridgeSwap it Works

BridgeSwap was founded by a group of blockchain and finance experts who recognized the need for a solution that created an equal playing field for both centralized and decentralized exchanges. BridgeSwap offers a platform that allows users to trade assets with one another, eliminating the need for intermediaries. Users can exchange assets right on the platform with no middlemen, thereby making transactions faster and more secure. This exchange uses smart contracts to enable users to trade various digital assets, including ERC20 tokens. BridgeSwap’s goal is to provide anyone interested in cryptocurrency with convenient access in order to make their financial world easier. The BridgeSwap platform is built on top of Ethereum and utilizes smart contracts, which are blockchain-based programs that run when specific criteria are fulfilled. Because smart contracts are decentralized, peer-to-peer applications (dapps), users have ultimate control over their own digital assets.

BRIS Token Information

BridgeSwap is a peer-to-peer (P2P) cryptocurrency exchange that makes it possible for anyone to directly buy and sell any cryptocurrency through the use of smart contracts without the need for any third party intermediary. Without a middleman, users can trade immediately and at their own terms. BridgeSwap uses a combination of smart contracts, multi-signature wallets, and off-chain order relays to ensure transparency and security.

BridgeSwap manages its network through use of BEP20 tokens known as BRIS. Each transaction carried out on the BridgeSwap platform results in the generation of a nominal fee, which is then distributed in the form of BRIS tokens to the individuals whose wallets contain those tokens. As a result, holders of BRIS are compensated according to. In order to power transactions on the BridgeSwap platform, BRIS tokens are distributed to wallets that have BRIS in them. As a result, those who hold BRIS enjoy two benefits: First, they can utilize those tokens to carry out transactions on the BridgeSwap platform; second, they participate in a rewards program that distributes BRIS tokens based on how much BRIS is held by a given wallet.

  • Burn address — 1,210,000 BRIS
  • Team — 66,000 BRIS
  • Liquidity — 220,000 BRIS
  • Crowdsale — 396,000 BRIS
  • Defi 2.0 zap event — 220,000 BRIS

BridgeSwap’s protocol offers the following benefits:

  1. Open market for trading all BEP-20 tokens (within a certain set of rules).
  2. Complete transparency in how token prices are determined, no manipulation possible.
  3. A fully collateralized and central-bank-like infrastructure, offering high stability and low volatility.
  4. An open-source governance model allowing anyone to contribute to the development of BridgeSwap and earn rewards for doing so.

BridgeSwap helps Defi protocols obtain liquidity through BridgeSwap’s own BTO tokens. BridgeSwap is a decentralized exchange (DEX) that works just like any other DEX, but they issue their own token and provide more liquidity than other DEXs. By supporting all existing Defi protocols, BridgeSwap will provide a conduit for cross-protocol payments and lending. As an added benefit, BridgeSwap also grants its users loyalty rewards in the form of voting tickets for protocol proposals.

Concusion

BridgeSwap is an innovative turnkey solution built on the Ethereum blockchain. BridgeSwap allows anyone to create their own token and then participate in a network of trustless, decentralized exchanges that are open, transparent and auditable. BridgeSwap is a full-stack, financial services platform that gives users the ability to trade any token. It is a protocol built upon the Ethereum blockchain that enables any individual or entity to create a token in order to borrow against it. BridgeSwap’s protocol creates opportunities for those who might not otherwise have access to financial services, as well as allowing investors to earn on their holdings and obtain returns greater than they could otherwise.

If you interested BridgeSwap platform, you can register and follow on the website below:

Website: https://bridgeswap.app/
Gitbook: https://bridgeswap-exchange-1.gitbook.io/bridgeswap/
Twitter: https://twitter.com/bridgeswap_dex
Telegram: https://t.me/bridgeswap
Github: https://github.com/Bridgeswap-Dex
Medium: https://bridgeswap.medium.com/

Author Details
Bitcointalk name : Silas Kai
Bitcointalk Profile link : https://bitcointalk.org/index.php?action=profile;u=3382086
Telegram username : @SilasKai
Wallet: 0x5ADCD956C149f463031896f2a2155527b78FDaC5

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