AnchorSwap, an inclusive decentralized finance (DeFi) ecosystem with an automated market maker (AMM) decentralized exchange at its core, brings “crypto to everyone” through its DeFi products.
AnchorSwap: Part of a versatile ecosystem
The platform is built on the Binance Smart Chain (BSC) to ensure that transactions in its ecosystem have low fees and can be used by anyone in the cryptocurrency space. It currently offers users a decentralized exchange (DEX) based on an AMM protocol, along with liquidity farms, pools, and a Blockchain-based lottery service.
DEX has six active pools covering the main tokens on the Binance Smart Chain, including the native ANCHOR token. These pools are for BNB, ANCHOR, BUSD, BTCB, ETH, and PancakeSwap’s native CAKE token. AnchorSwap is part of AnchorFinance, an ecosystem supported by entities such as B&GR GmbH, a virtual asset service provider, Chiffre IT Solution DOO, a blockchain product development company, and The Crypto Team, a VIP sales office in Dubai.
The company is a licensed firm for fiat-to-crypto gateway and licensed for a range of activities including software development, numerous financial activities, computer programming and consulting, and more.
What distinguishes the AnchorSwap platform from others?
AnchorSwap sets itself apart from other decentralized finance platforms by offering a multi-product, versatile DeFi ecosystem that is not only based on a cheaper-to-use blockchain but also built on solid foundations that help users do more with their cryptocurrencies.
AnchorFinance has developed multiple products under the Virtual Asset Service Provider license and charges a simple 0.15 percent transaction fee on the decentralized AnchorSwap exchange, which is added to the average Binance Smart Chain transaction fee of $0.15.
Other popular decentralized platforms have either a product or two and have transaction fees that can go up to $200 on the Ethereum network, in addition to a 0.3 to 1 percent transaction fee depending on the pools used. While SushiSwap, PancakeSwap and Uniswap are built on single chains, AnchorSwap will switch to multichain in the first half of 2022.
AnchorFinance also follows the highest security standards, while its products are suitable for both cryptocurrency beginners and advanced users looking to diversify their risk assets or migrate to an all-in-one platform. Honoring its motto, AnchorFinance aims to offer “crypto for all” through its services.
The future of AnchorFinance
AnchorFinance is coming up with a series of new products and services preparing to launch. In the future, it is preparing to launch a non-fungible token (NFT) platform for the first half of 2022, offering its users access to this thriving market. The platform’s NFT marketplace aims to create and share NFTs through a simple user experience that is easy to use even for beginners. No coding experience is required to use the platform.
On top of that, AnchorFinance is launching its multi-chain wallet called AnchorLink in the second quarter of this year. This cutting-edge application will allow users to store their tokens in a wallet built with the AnchorFinance ecosystem, make fiat-to-crypto transactions, exchange cryptos, stake in farms and pools.
ANCHOR tokens
At the heart of AnchorFinance, the ANCHOR token is built on the Binance Smart Chain as mentioned above and has a number of use cases associated with it in this ecosystem. ANCHOR token has a limited supply of 250 million which is expected to be reached by the end of next year. 9 percent of the issued tokens are shared with the platform’s development team to ensure its steady growth.
In addition, 2 percent of each ANCHOR transaction is subject to a total tax of 2.5 percent, which is automatically distributed to AnchorSwap’s liquidity pools, with 0.5 percent marking the burn to ensure a deflationary policy is maintained. You can find more information about AnchorSwap on the platform’s website.
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