With the rapid spread of the internet, various technologies have begun to occur in our lives. The most prominent is the blockchain technology. It continues to grow rapidly by activating special concepts such as smart contracts and P2P to enter our lives. Blockchain-based projects have attracted a lot of attention recently and continue to make money for their investors, but this world is a market that needs to be followed quickly. You cannot make a profit unless you have mastered the dynamics of the market. If you spend only a few minutes every day with me and my articles, I will keep you updated about the latest news and new market projects. In this article I will talk to you about the project SimpleSwap
What are the current stock market problems?
As you all know, the stock market currently faces very serious problems, especially when the market stagnates, liquidity and the stock market such as Mt. I will proceed with opening up some liquidity issues. You have entered the stock exchange, you have thousands of altcoins and you want to sell it, but it is not possible to do it because the stock market is usually very low. Even in the most locomotive stock markets today, like Binance, you may experience similar problems with most altcoins. Even now, when you enter the binance start page and check the volume, you will see that the volume is bad for many subcoins. For example, when I open it now, the volume for MFT seems to be only 1 BTC.
Even if you only want to sell 1 BTC in this pair, the price will go down very seriously. For this reason, it is very difficult to make the shopping you want on the stock market at this time. Aware, I gave the best known example of the stock market to understand the situation better.
What is SimpleSwap?
SimpleSwap has developed a new generation system that allows you to follow very simple steps and exchange as many subcoins as you want without lack of liquidity. When you want to buy a token or sell it, you can make transactions through SimpleSwap without technical knowledge. I will talk about the process steps to open the process a little more.
- From the SimpleSwap menu, you choose the currency you want to trade.
- After the swap process, you enter the address of your wallet where you want the money to be deposited.
- You send the currency you want to exchange to the specified address.
- Your new currency or token that you want to receive is automatically deposited to your address specified in the second step after the transaction is approved.
As you can see, you can do the shopping you want in 4 small steps easily and reliably. You can now enter the SimpleSwap website to exchange more than 300 currencies. The currency you want to trade does not have to be on the same network, for example you can trade between two currencies based on Ripple and Ethereum. The project team continues to work to make more currencies exchangeable.
Yes, there are similar ones on the market, but there are features that make SimpleSwap different from its peers. First of all, we talk about platforms that have been running for more than a year. The biggest disadvantage of this type of swap site is that they don't have enough money behind it and SimpleSwap has more than enough reserves. While the fees charged for clearing on other swap sites are quite high, these fees appear to be kept to a minimum on the SimpleSwap platform.
Conclusion
Another positive aspect of SimpleSwap is the range of currencies it offers. In general, there is no choice but to BTC-ETH and some coins to be known on the swap site. They are very limited. SimpleSwap is able to provide services on various currencies from various networks. Even the stock market in the market can be easily released. I will share the link at the end of my article so you can learn more about this project. thanks.
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
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