MintySwap (MINTYS) is a cross-chain aggregation protocol that aims to provide consumers access to cryptocurrency-based financial services to the users. The platform envisions allowing users to exchange or swap various digital assets on the blockchain. The platform provides ‘cross-chain’ swaps where users can trade their tokens on diverse blockchains without any intermediary or typical isolated Blockchain network. The MintySwap protocol aims to provide access to a secure, distributed, open, and limitless trading environment.
According to the MINTYS Lightpaper, DeFi innovation has led to open finance development and practical applications to the industry. However, poor scalability and network congestion have caused unusually high network transaction fees. The transaction barriers between blockchains continue to limit the usage of digital assets. To counter these limitations, MintySwap platform was developed to provide an efficient and simple trading method to users. The method involves comparing different exchanges on the leading chains to find the most cost-effective rates for the users.
MINTYS is the native utility token of the platform. The token has the following use cases on the platform: