Altcoin News
Cardano’s multi-protocol DEX, Bashoswap when launched will make it easy for anybody to quickly and cheaply swap Cardano tokens. The Bashoswap project’s is backed by a formidable team with extensive experience with smart contracts, native assets, and the blockchain ecosystem.
The DEX was built to provide a scalable channel for trading Cardano Native Tokens in a trustless way.
To help spread the word about Bashoswap’s cutting-edge solutions, the company has teamed up with several other blockchain ventures, including Soken, a crypto auditing organization, and Platinum Crypto Academy.
It is an automated market maker (AMM) based on the Cardano blockchain and uses the Cardano Blockchain to allow for lightning-fast transactions between Cardano native coins. It will also include shared liquidity and several other exciting features.
Rather than depending on liquidity pairings, it plans to develop version 2 of its swap protocol, which will have a single token pool model that combines deposited Cardano native tokens with the Basho Virtual USD stable currency (BVUSD).
Reduced trading costs and lower capital requirements for Liquidity Providers will emerge from this new Single / Mono liquidity pool protocol architecture. Because of this, tokens may be launched by projects with no funding at all.
Because of the AMM’s two-tiered liquidity pool architecture, it’s protected against fraudulent token listings and rug pull.
Using the $BASH token, $BASH holders, members of the community will be able to take advantage of several different means and incentives to stake and farm the utility token and governance purposes.
The whitelist private auction has now been made public on the platform. There will be a five-day reservation period leading up to the sale, which will commence on April 5th and last for seven days or until the quota is exhausted.
