Many members of our 123 swap community have experienced the benefits of seamless peer-to-peer crypto-asset swapping, with numerous successful project launches planned for 2021 on the 123 swap platform.
By adding additional potential blockchain networks, the team at 123 swap is continuing to look for methods to make swapping, holding, sending, receiving, earning, and investing tokens across different chains increasingly easier for our partner projects and users. Currently, 123 Swap supports the Ethereum, Binance Smart Chain, and Polygon blockchains.
We have teamed with Polygon to implement its network and technologies on 123 swap, taking our cross-chain ecosystem to a new level of growth.We’re sure that with their assistance and protocol integration, we’ll be able to bring in stronger projects and more investors.Polygon will also provide technical support for any processes that take place on its network through our platform.
Polygon (formerly known as Matic Network) is a protocol and framework that makes it easier to construct and connect Ethereum and other compatible networks. Its layer 2 solution improves payment and lending efficiency, as well as token swaps and application performance.
Its major goal was to attract people to its platform by addressing the inefficiencies that users and developers on Ethereum were experiencing and by providing a superior user experience and security.
Polygon uses a Proof-of-Stake (PoS) Commit Chain technique to assist expand Ethereum adoption, and its expanding ecosystem already contains over 80 dApps. These unique chains function as transaction networks that work in collaboration with blockchains to confirm transaction clusters before transmitting data back to the main chain.
The protocol’s native token, $MATIC, helps to power and protect the underlying network while also providing as the primary method of payment for transaction fees and access for developers to create dApps.
Since its creation, the protocol has generated over $9.5 billion in total value locked, as well as 100 validators and over 12,000 delegators who actively support the underlying network. Its $MATIC token now has a market capitalization of more than $10 billion, up from a value of less than $100 million at the beginning of 2021.
The 123swap platform is a decentralized financial ecosystem that allows for smooth peer-to-peer crypto-asset swapping. It offers simple, transparent, and convenient exchanges, as well as income and investment management options, all without the need for a middleman. The platform aims to make the crypto trading mechanism as simple as possible while minimizing slippage.
The 123swap platform provides a variety of DeFi options for blockchain assets across several chains:
- NFT Minting
- Yield Farming
The cross-chain value exchange mechanism allows platform users to trade directly with one another across any chain on a peer-to-peer basis.
123 swap’s mission is to create the next-generation financial ecosystem by empowering blockchain technology and expanding the usage of cryptocurrencies for purchase and payment across the financial sector.