Welcome to 123Swap Finance - A Decentralized Financial Ecosystem that Facilitates Peer-to-Peer Exchange of Crypto Assets.
Bayu Gatra December 05, 2021
Welcome to 123Swap Finance - A Decentralized Financial Ecosystem that Facilitates Peer-to-Peer Exchange of Crypto Assets. Bayu Gatra #123swap #trending #Exclusive #Crypto #Trading #Trending #Avalanche #avax #defi #123swapfinance #invest #earlystage #seed #CryptoTrading #Technology #Tech 123swap platform is a decentralised finance ecosystem that facilitates seamless peer-to-peer swapping of crypto-assets. It provides easy to access, transparent and convenient exchanges, earning and investment management solutions, all without the need of any intermediatory. The platform intends to simplify the cryptocurrency exchange system while generating the lowest possible slippage. The 123swap platform offers a range of DeFi solutions across multiple chains in blockchain assets: Swaping Lending Borrowing Staking Yield Farming NFT Minting The mechanism of cross-chain value exchange allows the platform users to directly trade with each other across any chain on a peer-to-peer basis. Vision Statement: To simplify the management of crypto-assets.Mission Statement: To become the leading decentralised finance protocol by providing better prices, faster response times, simpler procedures and low slippage rates than any other aggregator or swap on the market. To build the next-gen financial ecosystem, leveraging blockchain technology. To expand the use of cryptocurrencies for purchase and payments across the business world. To eliminate financial barriers, evolve the global economy and change the world for the better. To create a seamless user experience by providing access to the entire crypto market in one place, without ever compromising on the private keys. The business model of the 123swap platform consists of the following elements: 123swap Seamless peer-to-peer crypto assets swap platform. 123nft NFT minting and peer-to-peer NFT swap platform. 123yield A platform to deposit crypto-assets and earn the most optimised interest rate. 123bridge A cross-chain decentralised finance assets swap platform. 123lend&borrow Access to low-interest, stable coin loans using crypto assets as collateral. 123gov 123swap token represents voting power on a blockchain project. PROBLEM & MARKET SCENARIO As it occurs today, the process for exchanging cryptocurrencies is time-consuming and complex. This is due to several reasons for example, the fragmented nature of today’s cryptocurrency ecosystem that presents several challenges to traders. Moreover, not all cryptocurrency exchanges support all coins. As such, traders wishing to exchange their coin for another one that is not supported on the current exchange may need to migrate their account or make several conversions between intermediate coins to accomplish their goals. There is also an associated counterparty risk if a trader wishes to exchange its coins with another trader. There are several other complications in the current crypto-assets exchange ecosystem such as: Complicated Interface & Tedious Registration Process An unprepared user may easily get lost in the abundance of indicators, graphs, orders, and other elements. On some platforms, the verification process is pretty difficult and it may take days, weeks, or even months for a new user to receive their account verification. On one side, where most of the decentralised finance aggregators prefer to carry only ERC20 or BSC tokens, the other multi-chain aggregators are custodial and not decentralised. Hence, the investors have limited access to the trading pairs of crypto-assets. Unsecured Wallets to Store Crypto Assets It is impossible to access crypto assets if the investors misplace or forget the private key. A public key (that is used to receive crypto assets) can be recovered using a private key. To avoid the risk of forgetting keys and lose all crypto assets, investors generally use hot wallets. Hot wallets are digital cryptocurrency wallets that have been around ever since the inception of Bitcoin. Such wallets have proved to be the most vulnerable wallets in the world. All of the digital wallets store security keys and codes in their online servers, which are extremely vulnerable to hacker attacks, scamming attempts, and other ill intent-driven actions. Sure, most of the high-profile hot wallet offering sites and companies have major security measures put in place, but all it takes is the smallest loophole for all the investors’ savings to be gone forever. High Trade Fees & Other Hidden Charges To make a simple transaction and exchange one cryptocurrency for the other, traders have to pay at every step of their journey, from the deposit to the final withdrawal. Although centralised exchanges usually explicitly declare their conditions, their opaque nature leaves a lot of room for manipulations. Thus, traders are always uncertain about the sum they receive in their wallets at the end. Issues Faced During Token Swap As the crypto market evolves, new projects appear with their blockchains and tokens aiming to achieve some specific goals. Some of them target beating Ethereum and offer developers improved scalability, little to no fees, and other perks. Others are created to be used only within decentralised applications. Eventually, this incredible diversity of options leads to a need for exchanging one crypto for another — just as an exchange is done for Dollars, Euro, and Yen. The world of cryptocurrencies is tricky. When bitcoins are sent from one address to another, the traders need to be careful. A single error and funds are lost with no chance of recovery. The same happens if the trader tries to send Bitcoin to an Ethereum address or vice versa. As each of these blockchains operates in its universe, there is no easy way to establish connections between them. Some projects work on resolving this problem of interoperability but all of them target developers rather than end-users, leaving the latest ones in frustration. There are many exchange services on the market that allow users to buy and sell cryptocurrencies for traditional currencies or other cryptos. However, due to the limited liquidity and number of trading pairs on each exchange, users that want to trade directly between two crypto tokens are sometimes unable to do so. This is especially true for the less popular tokens because they are often only available on a small number of exchanges. Instead of direct trade, users are forced to include the intermediate step of converting into and out of fiat money or one of the most popular cryptocurrencies, such as BTC or ETH 123swap brings an ecosystem of products and services that allow customers to have a one-stop-shop experience for swapping, holding, sending, receiving, earning, investing, borrowing, and lending tokens across multiple chains. The platform has developed its way of exchanging cryptocurrencies aimed to eliminate the problems like complicated interface, hidden fee, tedious registration process, etc., and make the whole process simple for the end-user. Users can choose any of the 500+ available liquidity pools cross-chain (Ethereum, Binance, Polkadot, and many more). The platform supports the top protocols and presents live rates, the lowest fees, and the best APY (Annual Percentage Yield). The following features of the platform will help 123swap to stand out over other DeFi platforms: Simple & User-friendly` Interface Unchanged Rate during the Transactions 123swap PLATFORM IN DETAIL 123swap — a way to perform peer-to-peer atomic cross-network swaps of crypto-assets without having to trust a custodian or counterparty. 123swap is a leading crypto swap protocol, to the Smart Economy, allowing the users to — Swap, Hold, Send, Receive, Earn, Invest, Borrow and Lend favorite assets in Multiple Chains.The platform provides non-custodial service and strives for maximum safety, simplicity, and convenience. It allows customers to surf through all the swap offers collected from major crypto exchanges just in one place. The platform aims to have a community of strong-handed holders. Through a proper voting system, the community members will arrive at key decisions relating to whether there should be team tokens or advisory tokens, lock duration, etc. Problems solved by 123swap: the manual process of swaps is old school and time consuming. The platform will automate and fasten the swap process by leveraging smart contracts.Through its cross-chain smart contracts, it will bring smart and autonomous finance management in one place. The platform will promote decentralised finance management using its smart contracts. Zero Risk 123swap has invented certain technologies that will help the platform beat the competition, become faster, and become the world’s best swap platform. 123swap: ALL IN ONE PLATFORM 123swap platform aggregates functioning of all the popular DEX & DeFi platforms such as Pancake swap, YFI, Curve, Uniswap, Mooniswap, Balancer, Dodo, Bancor, Mstable, and many more, to create an all-in-one platform. It aggregates all DeFi assets, liquidity pools, and saving deposits in one dashboard so that traders can easily compare and choose the best option. It takes care of the following areas, enabling its users to perform several functions on a single platform. All Defi instruments in one dashboard Best yield strategies in one place Prior to the launch of the 123swap platform, it will undergo a Token sale exercise. The funds raised in the ICO will be utilised by the team to further develop the platform. Token Name: 123swap Ticker Symbol: 123 Token Decimals: 18 Token Background: BEP-20 / ETH 20 Token Type:Utility — Governance Token Sale Date: 2021 Q4 KYP/AML Required: Depends on platform requirements where token sale happening Restricted Countries: Depends on platform requirements where token sale happening Total 123 Token Supply: 129.000.000 123 Token holders launch day: 1.000.000 Initial Market Cap USD (launch day): 120.000 Token Generation Event right around IDO: Looking forward to announce IDO platforms Funds raised through private Pre-ICO will be used as follows: Tokens Amount from Private Beta version of product development Funds raised through Public ICO will be used as follows: Tokens Amount from Public ICO US$300000/year for 3years to be spent on Product development & Marketing Majority of the fund portion will be used to meet operational expenses like Office Rental, Utility expenses, Worker Salaries & Marketing Campaigns 0.9 million will be locked for pools’ liquidity Live Timeline Q4 2020 •Business — Team preparation. •Pre-seed Investment — $60,000. •123swap Alpha platform release. •123swap platform features and blockchain discovery phase. •123swap platform testing and security audits. Q1 2021 •123swap platform launched on BSC Mainnet. •123yield launched on BSC Mainnet. •123gov launched. Q2 2021 •Platform preparation for multi chain swaps and yields. •Platform launched on Ethereum Testnet. Q3-Q4 2021 •Swaps release on Polychain, Ethereum, Avalanche, Harmony, Fantom, Moonriver, Okex, Houbi eco Mainnet. •123bridge v1 release. •SEED, PRIVATE, PUBLIC 123 Token sale. Q1-Q3 2022 •123swap limit orders on BSC, Polychain, Ethereum, Avalanche, Harmony, Fantom, Moonriver, Okex, Houbi eco Testnet. •123yield on Polychain, Ethereum, Avalanche, Harmony, Fantom, Moonriver, Okex, Houbi eco Mainnet. •123nft minting and swapping release. •123bridge v2 release. **123gov choosing what next blockchains (e.g. Bitcoin, Neo, Ontology, Elrond, Zilliqa, Arbitrum, Cosmos-SDK, XDAI, Optimism, Algorand, Cardano, Solana, Near…) add for swap, yield, bridge assets and NFT. Team, Partners, Investors 123swap team consists of various industry leaders and global representatives with wide experience encompassing Fintech, AI, Blockchain, Marketing, and Business Development industries. The strong team work together with the synergy effect of the numerous professional members will make 123swap a truly “multi-facet” team. The platform aims to further expand the team by incorporating more than 100 global representatives across verticals and make 123swap the leading decentralised exchange platform in the world. Masters degree in Banking | Chairman of a licensed money institution in the EU | EX-CEO of 25+ companies | Fintech Evangelist | Startup Maniac for 15+ years | ICO and Blockchain Advisor, Angel, Mentor, and Investor. “123swap” KEY PARTNERS & INVESTORS Name of the Partners/Investors — Official Website Binance Smart Chain — binance.org Elrond — elrond.com EOS — eos.io Tezos — tezos.com Solana — solana.com Corda — corda.net Tron — tron.network Hyperledger — hyperledger.org Hedera — Hashgraph hedera.com Openchain — openchainproject.org Stellar — stellar.org Harmony — harmony.one Cardano — cardano.org Crypto.org — chain crypto.org Chainlink — chain.link Neo — neo.org Huobi — ECO Chain huobichain.com Polkadot — polkadot.network ENTRY — entry.money Exmarkets — exmarkets.com For more information link: Bitcointalk Username: Bayu Gatra Telegram Username: @Bayugatra48 BEP20(BSC) Wallet Address: 0x8b228B763800588ab92C17F3cCB4bCF4044Ad67d
