Gem Swap is an automated market maker (AMM) that provides users with DeFi products through the utilization of crypto assets. The platform is decentralized and unlike centralized exchanges, it doesn’t hold funds when the users trade. The platform claims to provide direct trade from the wallet application. The platform also claims the userhas 100% ownership of the assets.

Gem Swap aims to build significant and much-needed Defi legos and integrate them into the ecosystem. The name of the native token of Gem Swap is GEM. Users can obtain GEM tokens through liquidity pools and mining. Liquidity pools are protocols that pool together large amounts from multiple tokens into a single smart contract so that liquidity is provided to both buyers and sellers. Mining is the process of creating and developing new tokens. The user who is not into mining can earn through trading fees by providing the tokens in the liquidity pools.

The token can be utilized for purchasing tickets and for playing games. It also can be utilized for governance. It is the native token and hence can be utilized for voting. The holders are allowed to vote on protocol-related issues and discussions.

With the use of the Gem Swap platform, the user can integrate severalNFT mechanics into automated market maker (AMM), which ranges from collectibles and trading up to storing the value with NFT.

The Gem Swap is a stable coin backed by KuChain (KCC). The stable coin is a type of cryptocurrency that attempts to give price stability. These stable coins are backed by a reserve asset. Currently, GEM is featured on KCC and later it plans to expand its network and release its own chain.

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