October 2020: On the one hand,Bullswap, a DeFi exchange platform is built to be a simple user engaging interface exchange channel with maximum gas efficiency, zero rent extraction and censorship resistance. Uniswap, on the other hand, brings two distinct exchange versions viz; V1 and V2. Uniswap’s V2 is an ultimate upgrade of V1, and being a decentralised exchange built on Ethereum,it has accumulated a whopping $ 2billion in total valuation by the end of September 2020. Uniswap’s V2 comprises new and improved features which are flashswaps, code architecture, technical improvements, sustainability path,testnet and launch details, price oracle, ERC 20 and ERC 20 pairs. Bullswap’s outstanding features include; null registration, full automation, instant swap, security, liquidity addition and distributed ledger technology.DeFi has been the focal point of the global exchange economy in recent years, an effort aimed at eradicating mundane models of exchange, while solving issues related to transparency since the DeFi applications are quickly transforming financial blueprints to protocols devoid of intermediaries. Bullswap allows access for users to directly swap ERC 20 token to other ERC 20 token pairs with a solitary trading transaction within the shortest possible time. Here, users can freely deposit equal amounts of predominant ERC 20 tokens for pool tokens while exercising their full responsibility in the identification of input and output tokens and thus Bullswap calculates the amount received by each individual token user with ease.
DeFi has kept undergoing continuous improvement of crypto trading, in its quality management system. They are currently providing the simplest and most cost-effective means for exchanging ERC tokens while availing liquidity. This, they do, by embracing the P2P network, where they build intermediary free market spaces at a global scale.
Bullswap has managed to keep her position at the helm of DEX trading against reputable decentralised exchange platforms like Bancor,Uniswap, IDEX, OX and Uniswap.
Today though,Uniswap is the sole largest exchange on DeFi, posting volumes larger than most centralised exchanges.It thus,has completely revolutionalised DeFi, bringing billions of dollars on board and sparking a rebirth in automatic market maker (AMM) design. This is predominantly the Uniswap’s key selling features.However, unbundling of Uniswap is inevitable. To be able to understand the market trajectory, it’s imperative to note the four key features Uniswap bundles together, which are namely; decentralised inventory provision,a fixed fee model,a flat rate of 0.3% fee on every trade, always-on price quotes and a constant product fixing function of X*Y=K. There is a huge challenge to dismantle the foresaid bundle and open the market wider,which is what Bullswap has hugely capitalized on.
A decentralised provision for inventory
This provides that a new Uniswap pool to act like a new market-making startup which, like most startups, would need operational capital, meaning if you wanted to make a market like REN or ETH, your pool has to fundraise for its inventory from a decentralised investor.
Collecting a concoction of both REN and ETH from all willing sellers depending on their offers,the new pool can capitalise on its balance sheet. If the pool is profitable, the same investors can easily withdraw their proportional claim on the remainder of the inventory and the generated profits, a seamless decentralised funding.
In market-making startup, this doesn’t make any sense because no market maker would sell all their equity in exchange for inventory. These are the loopholes that Bullswap has banked on.In Bullswap, any user can offer liquidity and thenceforth, be a liquidity provider, while earning rewards in the form of Bullswap tokens (BVLs).0.3% of the trading volume is proportionally and evenly distributed to all liquidity providers. Both Uniswap and Bullswap though, do not need an order book because they’ve a liquidity pool model created by stake providers of liquidity, as anyone with an Ethereum address is allowed to contribute to the exchange liquidity and the monies thereof. The following are the other key technological and financial design features that have made Bullswap to beat the competition;
Fee Model
Bullswap employs a zero conversion fee. Compared to most DeFi models of exchange, Bullswap eliminates the need to charge conversion on obtained operating profits. Bullswap has minor usage than most DeFi exchanges. There is an almost cut-throat competition among automatic market maker (AMM), which is more pronounced in assets demanding high spreads like stable coins. Uniswap charges 0.3% on every pool and 0.04% curve charges, for instance. Optimal fee for a product constant AMM scales with the square of the volatility pool. Specialised market makers have the room to be smarter than this in how they prise assets, which would essentially lower their fees. In Bullswap for instance, smart contracts hold liquidity reserves of varied tokens, fulfilling trades directly based on those reserves.
No Bio Data Needed in Trade
Simple wallet to wallet transactions does away with KYCs, which opens gates for people to enjoy autonomy in trading thus establishing a strong foundation of users to interact and trade in their platform. Bullswap trading eliminates the use of deposits,sign-ups, and trading fee, meaning that, with its simple user interface,all that a user needs to do is establish wallet connection and instantly swap.
Instant Swapping
Bullswap token, the BVL provides an economic incentive facilitating people’s participation in the Bullswap ecosystem, a further convenience booster for a currency that prioritises stability over every other aspect.BVL tokens are essentially non-time consuming as compared to past trading methods utilising deposit money.
Fully Automated Exchange
The entire trading process nullifies human interaction so that every process is managed by small contracts which does away with non-continuity issues that would arise from human interference.
Fuel Efficiency
Bull swap is very efficient in gas consumption, an advantage to its users, unlike the Uniswap DeFi, whose gas price for the same unit is much higher.
Conclusion
Bullswap is currently looking at the possibility of building the next generation DeFi apps by raising an investment of approximately 2,000 000 USD hard cap and make a 50,000 000 token sale. Unsold tokens from ILO rounds and private sales will be burned. Just recently, the crypto world produced billions of dollars in investments in DeFi applications and it’s possible over 300 billion USD would be investable in DeFi projects like Bullswap in the near future.DeFi is the future of cryptocurrency, providing a convenient formulation for carrying out trade. Currently, there is an array of DeFi applications in the crypto market and it’s apparent most centralised exchanges will be replaced by kyBER Market, DODO, Bullswap or Uniswap.
To know more about the Bullswap, visit https://bullswap.org/
