Bazarswap is the first OTC decentralized exchange for ERC-20 tokens. The exchange offers a variety of advantages over other exchanges within the decentralized finance ecosystem.
Bazarswap offers a fully secure OTC DEX platform for users to exchange a variety of ERC-20 tokens. The DEX is non-custodial, and transactions are carried between traders using a peer-to-peer mechanism. This ensures that tokens available for trade are not transferred to the exchange and remain in the seller’s wallet until the transaction is completed.
Bazarswap also supports all ERC-20 tokens, which can be swapped and exchanged on the platform using its user-friendly interface. Traders can create multiple addresses when selling tokens and set different prices. The entire trade process is simplified and similar to regular over-the-counter platforms, enabling new users to navigate the exchange easily.
Another feature of Bazarswap is that it offers no slippage on its exchange, offering users full value for tokens purchased. Several popular exchanges are known to have problems of high slippage due to the volatility of trades. This means that most times, traders do not get the true value for tokens swapped or purchased. Bazarswap is designed to ensure that slippage is non-existent during trades.
Bazarswap also offers zero exchange fees for trades on its platform. This makes it one of the few decentralized exchanges with no transaction fees. Traders can make swaps and trades without any costs apart from the Ethereum gas fee for the transactions.
Lastly, the decentralized exchange uses a no-liquidity mechanism due to its unique position as an OTC DEX platform. Transactions are conducted among traders, and there is no requirement for existing liquidity to be provided for trades to occur. This makes Bazarswap a fully decentralized platform where all the activities are performed among users.
Bazarswap will introduce transaction fees in the future, with the fees distributed to Minereum fee shareholders. Anyone can buy shares via the Mineruem Fee Share DEX. Bazarswap is also planning to release on the Binance Smart Chain in the near future.
To learn more about Bazarswap, visit its website.