ABEY Foundation’s DeFi Platform XSWAP Launches On ABEYCHAIN

ABEY Foundation recently launched its DeFi platform, XSWAP, on the ABEYCHAIN blockchain. XSWAP functions as both a decentralized exchange (DEX) and a decentralized finance (DeFi) platform. The XSWAP platform is the first of what the ABEY Foundation hopes will be many DApps built on the platform by the ABEY developer community. The ABEYCHAIN ecosystem itself provides an alternative to blockchains like Ethereal, which serves as a home to a host of DApps. XSWAP provides an alternative to the overly expensive and inefficient Ethereum network. XSWAP brings solutions to the market for issues that have negatively impacted the DeFi community. The platform solves these issues by innovating a new trading model near before seen in the market. It uses both an automated liquidity protocol, as well as an ‘automated market maker’ to solve highly impactful issues with legacy crypto exchanges. Its automated market maker system works independently of any central intermediaries. It determines the price of each token based on the supply and demand of the asset. Using the ratio of the number of coins present in various pulls to determine “supply” and “demand.” Then setting the price according to the outcome. This is done using a proprietary mathematical algorithm that is run by the XSWAP protocol. Ready For Take-Off XSWAP is currently up and running. The decentralized exchange and finance platform is compatible with all ARC-20. While also supporti...