😈Lavaboy is Back! And is Bringing LAVA to BSC with a VENGEANCE
Lavaswap 2.0 is looking to reinvent the DEX landscape, and it’s starting with BSC 🚀
Lava Boy is back and he’s here to stay. Lava boy will be the mascot and lead the new and improved Lavaswap 2.0 protocol!
The DEX landscape has gotten stale and the team at Lavaswap has been busy at work crafting a new innovative DEX schema. Lavaswap 2.0 will be joining BSC and bringing with it a COMPLETELY NEW DEX offering the ability to swap with the BSC! 🔥🔥🔥
What is Binance Smart Chain? (BSC)
Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC integrates smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal was to leave the high throughput of the Binance Chain intact while introducing smart contracts into its ecosystem.
In essence, both blockchains operate side-by-side. It’s worth noting that BSC isn’t a so-called layer two or off-chain scalability solution. It’s an independent blockchain that could run even if Binance Chain went offline.
Because BSC is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BSC.
🔥 What does this mean for Lavaswap?
Users can now change between utilizing the Huobi ECO Chain and the Binance Smart Chain to perform token swaps. A majority of users will likely want to use the Huobi ECO Chain for its lower fees and its ability to swap between the network assets. However, if you are an investor in Binance crypto assets, the BSC will likely be the more attractive option for swapping. The current plan is to have the two chains operate in parallel, but it is possible that in the future, Binance will migrate their native crypto assets to the Huobi ECO Chain.
🌟 Access to over 190 NEW tokens
Integrating the Binance Smart Chain into the Lavaswap protocol allows for 190 NEW tokens to be swapped. This brings more exposure to different crypto assets; opening up a wide variety of different investment opportunities. We want to be able to make it as easy as possible for users to buy, sell and trade their favorite tokens. BSC will provide the ultimate decentralized exchange experience.
LavaSwap will play a vital role in the development of one of the most anticipated blockchain platforms in the industry, BSC. BSC will allow for the listing of smaller tokens, whilst also allowing for the possibility of cross-chain transfers of tokens between blockchains. We believe in the vision for BSC and the future of cryptocurrency. We think this partnership will promote the growth of our platform, and will ultimately benefit our community of traders and investors.
📈 Attractive Chain Stats
With a market cap hovering over $72 billion, the BSC provides deep liquidity pools for traders to interact with. The benefit of deepened liquidity comes into play when the value of the swap is large. If a token-pair liquidity pool is lacking liquidity, users can suffer large slippage, thus paying a much greater fee to get the desired token.
BSC provides deep liquidity pools that ensure less slippage and more value kept by the user performing the swap.
💸 Low fees and fast transaction times
BSC was designed to become the most inclusive blockchain that allows anyone and everyone to participate. The default BSC fee for a single transaction is a mere $0.10, and the transaction speed is only 3 seconds, making BSC possibly the cheapest and fastest blockchain with full NFT functionality. Compared to Ethereum, BSC handles around 260% as many daily active users and over 600% in daily transactions.
Binance Smart Chain daily transactions chart since the BSC Mainnet launch. Source: BscScan.org
🛣 Fiat onramp and payments
In collaboration with Transak, BSC now has its own fiat onramp allowing users to buy BEP-20 assets with fiat currency without the need to go through exchanges. BSC is also compatible with payment products such as Binance Pay and Binance Card that allow you to receive and spend supported tokens.
Lavaswap V2 — New Economic Model & More Exciting News Coming Soon!
LavaSwap is launching a new economic model. LavaSwap V2 will be upgrading its DEX platform. LavaSwap plans to introduce strategic investors to change the current problem of “mine, withdraw and sell” in liquidity mining, and to maximize the benefits of LAVA long-term token holders and ecological participants.
LAVA is one of the first interoperable decentralized cross-chain swap protocols powered by Huobi Eco Chain. Since its launch, it has been actively exploring the best development model for the DEX market. After months of research and discussion, LavaSwap has a deeper understanding of the DEX development and community user needs. V2 will make new adjustments and upgrades on the basis of the existing economic model, and is committed to leading the DEX market in the new era!
