FaniTrade, a worldwide blockchain firm with a full suite of DeFi applications, announced today the launch of its innovative Decentralized cryptocurrency exchange, which will go online on February 22, 2022.
FaniSwap is the first protocol to be launched; it is a permissionless DEX that provides traders and investors with wallet-to-wallet (P2P) trading functionality. FaniSwap, unlike centralized exchanges like Coinbase or Binance, is a non-custodial exchange that does not need users to sign up with personal information (KYC).Because all transactions are done through SPL Web3 wallets, users have complete control over their funds.
The protocol is based on the public blockchain. Unlike other prominent decentralized platforms, Solana will provide users with speedier transactions and lower gas expenses. The simple and straightforward interface allows traders to view a live price chart while swapping their preferred tokens. Furthermore, they can simply modify slippage to avoid overpaying for products. Another useful feature is the amount slider, which allows you to select a percentage of the asset balance without having to enter the exact amount.
FaniTrade introduces the limit swap ability to purchase and sell assets at the desired price in order to provide greater flexibility and efficiency to DEX traders. This was a significant difficulty for the majority of decentralized exchanges competing against their centralized equivalents. Advanced traders and professional market makers can now use this tool to boost trading profitability.
Users will also be able to supply liquidity by pooling their assets and using them to conduct transactions.
FANI is the FaniTrade ecosystem’s native utility token, which provides holders with a variety of benefits. 12 percent of all transactions are deposited into the liquidity pool, while 3 percent are distributed directly to stake holders. FaniEarn allows you to earn extra incentives by staking FANI tokens, whilst FaniPool allows you to offer liquidity in exchange for an LP token.
The Vision of FaniTrade
FaniTrade intends to build a full suite of DeFi tools for cryptocurrency investors. The goal is to increase cryptocurrency adoption while improving user experience through improved technology. Platforms such as FaniLend and FaniDex are in the works to provide even more convenience.
The company also has some big initiatives planned outside of the field of decentralized finance on its roadmap. Among them are the following:
FaniVERSE — An forthcoming NFT marketplace on the Solana blockchain where users can purchase, sell, and mint NFTs for free.
FaniPlay — The next-generation GameFi technology that allows players to receive prizes in exchange for their time and expertise in playing the game.
Fanilikes – A great way for crypto traders and influencers to share information and grow the FaniTrade community. Experts can generate market signals and sell them to their followers for a fee.
FaniLotto – A streamlined, safe, and transparent platform that overcomes traditional lottery issues through automated drawings and verified records of players and winnings.