MeowSwap is a decentralized exchange (DEX) that uses a proprietary blockchain with the goal to provide users with a safe and secure way to send and receive money. MeowSwap is a DEX and a scaling solution based on the Cardano blockchain. MeowSwap uses the main chain of the cryptocurrency to store deposits and log all withdrawals, making the platform easy to use.

As mentioned in the whitepaper, the MeowSwap platform is decentralized, unbound from constraints that adversely affect many other projects. It aims to provide a Layer2 decentralized exchange solution that utilizes Layer1 for the secure storage of assets while eradicating the computational load from Layer1 networks. MeowSwap aims to utilize the best of two worlds: the security of Layer1 based DEX and speed that matches CEX systems. CEX is the centralized cryptocurrency exchange for trading cryptocurrencies. The idea of being centralized here refers to the use of an intermediary to help conduct transactions.

Additionally, the platform utilizes Layer2 technology and publicly available nodes to verify transactions. With this technology, MeowSwap aims to be a leading decentralized exchange, and the team wishes to lead the DeFi revolution on the Cardano blockchain.

MeowSwap also aims to offer an array of instruments, postponed performance, and copy-trading scenarios. MeowSwap seeks to incorporate multiple Cardano nodes and intends to become completely decentralized. A DEX is a preferred way to trade cryptocurrencies, and MeowSwap claims to offer security and fast transaction times that can compete with centralized exchange systems. It is possible to trade MeowSwap for Bitcoin. With the help of a MeowSwap wallet, the user can transfer funds to and from different wallets.

The native token of MeowSwap is MEOW.

MeowSwap is a relatively new cryptocurrency created by a group of ex-Metahash developers. It has a total and maximum supply of 100,000,000 MEOW.