What Is GameSwap (GSWAP)?
GameSwap is a community-driven decentralized exchange ((https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders)) for in-game assets and NFTs (non-fungible tokens). GameSwap enables millions of gamers to easily create and trade gaming NFTs in a neutral platform that they govern and own. Most blockchain projects claim to offer in-game peer-to-peer trading, but they are centralized. Privately owned firms drive the projects with a closed ecosystem. However, GameSwap is neutral, fully community-driven, and 100 percent open source.
GameSwap aims to launch the first version MVP (Blockchain Minimum Viable Product)— the light version of blockchain application with minimum functionality. The GameSwap platform also aims to bridge gaming and crypto-asset trading with a neutral approach making gamers feel comfortable and in control. The platform seeks to work similar to Uniswap, with AMM (automated market maker) providing liquidity through liquidity pools (LPs) with a strong focus on in-game assets.
The GameSwap platform allows users:
To bridge the in-game assets and wrap them into compatible Ethereum standards using adapters or the platform's mint service.
To manage their inventory through non-custodial crypto wallets such as Metamask.
To place swap or convert their cryptocurrency into traditional currency from users' wallet assets.
GameSwap leverages Ethereum standards and recent innovations in DeFi to achieve market equilibrium even with the fully decentralized framework. The GameSwap platform supports ERC-20 and stablecoins, smart order routing, NFT (ERC721 / ERC1155 standards), and yield farming. DeFi and the GSWAP token drive the GameSwap platform.
The GSWAP is the governance token of GameSwap DEX and the platform's base currency. A governance token is a token that empowers its owners to participate in the voting to shape the future of a protocol. The users can gain GSWAP tokens by yield farming or as a reward. To farm the GSWAPcoins, users need to get liquidity provider tokens on Uniswap or Balancer pools.
History of GameSwap (GSWAP)
According to the smart contract address of the asset, the token of the platform has a total supply of 20,000,000 GSWAP.
