With the introduction of Binance’s blockchain technology, the Binance Smart Chain, more platforms have begun to follow the decentralized finance protocol. Binance’s aim in launching the Binance Smart Chain is to allow developers to create decentralized apps and users to control their digital assets with low latency, security, and lower fees. Binance Smart Chain’s numerous features allow DeFi platform developers to evolve their platform in a better ecosystem.
When it comes to the Binance Smart Chain, one DeFi platform, Soku Swap, uses this protocol. Soku Swap is a DeFi platform powered by the Ethereum Network and the Binance Smart Chain. Soku Swap is built with a protocol that allows users to trade with two separate networks, the Ethereum Network and the Binance Smart Chain, while maintaining anonymity and lower fees.
One Exchange, Two Networks
Uniswap is a website that gives users access to different DeFi features such as stakes, swaps, and so on. Uniswap, on the other hand, only supports the Ethereum network; if you want to do multiple DeFi operations on the Binance Smart Chain network, you could use a site like Pancakeswap. Soku Swap, unlike the other two networks, follows both the Ethereum Network and the Binance Smart Chain. Users will use one wallet on one exchange for two networks to use Soku Swap. Since Soku Swap understands the importance and scale of the Ethereum industry in the blockchain world, and we couldn’t run the trading network without it. As a result, by using Binance Smart Chain, Soku Swap will be able to address issues that occur on the Ethereum network, such as fees, protection, and so on.
Soku Swap provides liquidity pools on both ERC-20 and BEP-20 tokens by using automated market builder smart contracts. This enables users to transact using a custom-designed algorithm that varies from traditional trading platforms. Soku Swap is structured with a framework that allows prices, liquidity pools, and so on to operate more smoothly and profitably for participants.
Soku Swap Features :
Soku Swap is an exchange platform that supports two networks, Ethereum and Binance Smart Chain, allowing users to transact on both networks through a single wallet. Soku Swap is intended to make it easy for consumers to access different DeFi functions, while still supporting anonymity and charging lower rates than traditional exchanges. But that’s not all the features of Soku Swap; here are some more :
- More Earning Opportunities: Users can optimize their return by offering liquidity or taking advantage of arbitrage using flash loans.
- You’re Just Like an Owner: With SOKU token governance, users in Soku Swap can vote on the exchange’s future.
- Ethereum and Binance Smart Chain are two commonly deployed blockchain networks today. Users of Soku Swap will trade on both networks.
- Crypto Classes: Users can inform others by giving them a connection to Soku Swap’s crypto classes. Rewards will be distributed to the referrer and the referral.
- Onscreen Chat: Customer support will be open 24 hours a day, seven days a week to assist and respond to numerous user concerns.
- No KYC: Users are not required to have KYC in order to use Soku Swap. They will immediately add their wallet and begin using the service.
SOKU Token :
Soku Swap introduces SOKU token governance, which enables users to join in future updates. SOKU is a Binance BEP-20 token that has a cumulative availability of 222,222,222 SOKU tokens. By engaging in the token selling scheme, users can receive SOKU tokens.
To conclude :
We cannot run an exchange site without the Ethereum network, which is the largest decentralized network in the field of blockchain. Suko Swap, on the other hand, allows users to exchange on both the Ethereum network and the Binance Smart Chain. Users can conveniently browse different DeFi functions via a user-friendly interface, which respects anonymity and is less expensive than traditional exchanges.
More info SOKU :
Forum Username : cryptopathum
Froum profile url : https://bitcointalk.org/index.php?action=profile;u=2088829
Telegram username : @pathumbitcoin
Proof : https://bitcointalk.org/index.php?topic=5331559.msg56938320#msg56938320