Every day, the blockchain space makes vital steps towards widespread adoption. In the race towards widespread adoption, major bottlenecks such as scalability and interoperability need to be resolved. Indeed, blockchain technology has dramatically impacted several industries, including finance, Internet of Things (IoT), marketing and advertising, supply chain and healthcare, etc. However, the full potential of the blockchain technology is yet to be harnessed due to numerous adoption challenges, including the ones mentioned above.
Nonetheless, new blockchain platforms are well designed to solve these challenges and spur widespread adoption. A notable example of such a platform is Anyswap- the first completely decentralized swap exchange protocol based on FUSION’s DCRM technology.
Anyswap solves the problem of liquidity and interoperability synonymous with decentralized exchanges. The platform allows for cross-chain swaps and eliminates third parties (buyers and sellers) when swapping tokens, thus solves decentralized exchange’s liquidity problem. Read on to find out more about this innovative platform.
Anyswap, launched on July 20th, 2020, is a fully decentralized cross-chain swap protocol built on the FUSION network leveraging its DCRM technology. Anyswap will allow you to swap between any coins from any blockchain ecosystem as long as it uses ECDSA or EdDSA as the signature algorithm. This means that you can swap a large number of coins on the platform, including BTC, ETH, USDT, XRP, LTC, FSN, etc. on the platform without having to trade on third-party platforms.
Decentralized Control Rights Mechanism (DCRM) is FUSION’s innovative technology designed to enable distributed systems to integrate into any on-chain or off-chain workflow. Any blockchain network leveraging DCRM can seamlessly integrate and communicate with other blockchain networks. In other words, DCRM solves interoperability challenges experienced all across the blockchain space.
To offer interoperability, DCRM implements the LILO (Lock-In-Lock Out) function. A portal that allows for cross-chain token control and swap through the use of private keys. On the Anyswap protocol, DCRM is the actual cross-chain assets bridge linking different decentralized exchange interfaces.
Ticker: ANY
Token type: FUSION CHAIN
ICO Token Price 1 ANY= 0.02000000 USD
Fundraising Goal: $62,500
Total Tokens: 100,000,000
Available for Token Sale: 5%
Accepts: FSN
Role of Token: UTILITY
Anyswap protocol will be governed by the ANY token, which will be issued on the FUSION chain. On the protocol, ANY would be used for primarily voting for: adding supported chains, for electing Anyswap working node (AWN) and for changing governance rules proposals.
ANY total supply will be capped at 100 million with no pre-sale or fundraising. However, the initial supply will be 15 million from which: 10 million ANY will be allocated for “Community and Ecosystem”, and 5 million ANY allocated for “Team Initial Liquidity”.
The remaining 85 million ANY will be allocated to block rewards and distributed in the FUSION network as follows:
As mentioned earlier, Anyswap will offer 85 million ANY in rewards, which will be locked in a smart contract and distributed along the FUSION chain block. 8.5 ANY will be rewarded per each fusion block. Only 10 million fusion blocks will be in existence.
There are different rewards on the Anyswap protocol as follows:
Anyswap will charge a transaction fee of 0.4% for every swap transaction with 0.3% going to liquidity providers and 0.1% directed to Anyswap Company. Users who use the cross-chain bridge to lockout wrapped assets will be charged a 0.1% gateway fee. The gateway fees will be directed to Anyswap Working Nodes (AWN), which supports a specific chain to cover transaction fees on the corresponding chain.
Anyswap was launched on July 20th at 12 pm GMT. The launch has coincided with the activation of the ANY/FSN trading pair, which will swap at 1 ANY=0.02 FSN. 5 million ANY and 100 thousand FSN allocated to this pair.
Other tokens, including BTC, ETH, FSN, ANY, USDT, XRP, and LTC, will be activated as a Testnet on the protocol. More coins will be added with time-based on the ANY voting results. Also, an AWN election will be held to determine nodes to support coins added to the Anyswap live version.
Anyswap will be a revolutionary protocol that will spur mainstream blockchain by solving interoperability and liquidity challenges seen in decentralized exchanges. This fully decentralized cross-chain swap platform will enable crypto users to swap between any coins on any blockchain, thus saving on transaction cost, risk, and time used to trade currencies on exchanges. Its upcoming launch is set to transform coin swapping for the better.
Source: CryptoAdventure