As the decentralized world continues to heat up, exchanges are becoming the latest hotspot for users. The current crypto market offers a number of decentralized exchanges (DEX), each providing different incentives and utility to the end-user. The result is that where some platforms are excelling, others struggle to meet the precedence set by their competitors.
Therefore, users must be careful to weigh concerns around the transaction cost, block creation times, the involvement of the community, in which they can provide feedback, and opportunities for lucrative decentralized finance (DeFi) rewards. The question for users then becomes, “is it possible to check off most, if not all, of these boxes with a single platform?”
This is where Boss Swap Finance provides value to users and shows off their original style as one of the latest and now trending exchanges on the Harmony Protocol (ONE). Boss Swap Finance is bringing a modern DEX to life, complete with a one-of-a-kind theme, along with carefully crafted art and backstory.
Their mission has since become to constantly improve the user experience and interface for users to engage with digital currencies and continue the development of the Harmony code.
The Harmony Protocol becomes essential to the goals Boss Swap Finance is trying to achieve. The mainnet holds valuable utility as the basis for the operation of Ethereum (ETH) applications, further ensuring a two-second transaction time with a fully sharded proof-of-stake (PoS) structure and resulting in 1000 times lower fees.
With a strong foundation, the team can deliver on a set of features, including their community focus, revenue-generating tokens and clean user interface with a strong emphasis on exchange features.
Bringing things in harmony
In taking a look at the platform, users will be met with the Peddler or swaps page to enable users to trade liquidity pool (LP) tokens so that users can exchange one token for a different one of equal value.
Users can join The Raid, a location where users can pool different tokens so other users can swap off of liquidity. There is also a concept of “spawning pools,” which is what the team refers to as a “fancy Syrup Pool.”
Here, users are given an additional earning opportunity to stake an LP token and receive back two tokens as rewards in a passive earning opportunity.
No fully-fledged DEX would be complete without mini-games. In part, this is why the team behind Boss Swap Finance has released two mini-games which can be sneak peeked here.
The “fair-est” of them all
To date, the team has shared their success in launching their project, the “fair-est” manor that had never been seen before by the Harmony community. That said, the team has lofty goals ahead for the project’s growth, including the addition of meaningful partnerships, use cases and games.
As stated by their team, the end result will be for “people to have fun in what can be perceived as stressful in the world of crypto.”
Like other newer projects, the team accepts feedback from their community to deliver a top-of-the-line offering complete with staking, farming, exchanging, NFTs, which brings fun and excitement to the once monotonous world of investment.
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