As per the recent revelations, the decentralized exchange or DEX, CoinSwap Space, was present at the CED2021 (Crypto Expo Dubai 2021). The DEX reportedly utilizes an AMM model, which stands for the automated market maker, that provides users with a platform where users can trade against a liquidity pool.
Talking about the operations of a decentralized exchange, the users deposit the funds in the liquidity pool and in return, receive liquidity provider (LP) tokens. CoinSwap Space was a notable performer in the Crypto Expo Dubai, which is one of the biggest crypto events held between 14-15th October. The team behind the platform, that was created for allowing the swap of BEP20 tokens on the Binance Smart Chain (BSC), was there to promote their services.
DEX CoinSwap Space Promoted Their Vision at the CED2021
CoinSwap is backed by a vision of creating a concrete foundation for the community by providing them with incentives in exchange for their support of the AMM model. In addition to this, it should be laid an emphasis on the fact that the company is dedicated to developing an advanced ecosystem for automated liquidity provisioned on the Binance Smart Chain.
With an aim to allure the consumers that are being tormented by the sky-high gas fees of Ethereum Blockchain, CoinSwap Space is advancing further to become the best platform that you can use that operates in the AMM model of BSC. While being present at the CED2021, the DEX platform was awarded the ‘Best Blockchain Project of 2021,’ and it seemed that the people were deeply interested in the project and were looking forward to joining the DEX space.
Moreover, on the first day of the event, the firm made an announcement related to the latest amalgamation between Crypterium and CoinSwap Space.
This, ultimately, will equip the user with the capability of convenient conversion of his crypto assets into fiat, marking a significant advancement in the industry.