This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers are encouraged to conduct their own research before taking any actions related to the company. Disclosure.
Swell, a pioneering decentralized finance (DeFi) platform, is set to transform personal remittances by integrating RippleNet’s robust liquidity network. This integration enables individuals to access XRP’s interbank infrastructure, facilitating real-time, low-cost cross-border transfers without the need for intermediary banks or exchanges.
Key features of Swell
- Seamless integration with RippleNet: By connecting to RippleNet through the SWELL token, the platform offers transaction efficiencies previously exclusive to banks.
- Decentralized financial services: Swell’s decentralized model reduces costs and democratizes access to global financial services.
- Enhanced user experience: The SWELL DEX provides a user-friendly interface for swift and secure transactions.
Initial DEX Offering (IDO) details
Swell is launching its IDO to empower the community and raise funds for platform development.
- Start Date: 10:00 AM UTC, 20th January 2025
- End Date: Specify End Time
- Token Allocation: A portion of SWELL tokens will be available for purchase during the IDO
- Participation Details: Interested participants can join the IDO through the official website: https://swellpj.io/sales
Recent trends in Decentralized Finance
The DeFi sector has experienced significant growth, with the total value locked (TVL) surpassing $118 billion as of November 2024. This surge is driven by innovations in Layer-2 solutions, interoperability across blockchains, and enhanced governance mechanisms.
About Swell
Swell leverages RippleNet and XRP to pioneer a new financial model that eliminates intermediary banks and exchanges. The platform aims to complete peer-to-peer transfers in under one minute, reduce costs through decentralization, and democratize global financial access.
