Dogeswap (DOGES) is an Ethereum-based decentralized global exchange with an automated pricing and liquidity system. Inspired by Dogecoin, Dogeswap aims to reward the token holders with high returns bystakingand yield farming ecosystems. Dogeswap is connected to synthetic asset providers and top decentralized exchanges. The platform aggregates DeFi services and seeks to automatically find the best prices on the market for token swaps.
The complex interface and the prerequisite technical knowledge required in the crypto environment serve as a high barrier and great risk of entry into the blockchain ecosystem. Users lack experience interacting with various smart contracts or transacting on blockchain technology. Safety is another big issue due to which many prefer to stay away altogether. Therefore, Dogeswap was developed with the aim to solve these issues by presenting a highly transparent, user-friendly platform. The platform aims to have no hidden costs and aims to be based on censorship-resistant networks that allow multichain token swaps and serve other unique functionalities.
Dogeswap ecosystem seeks to create a unique bridge between BNB (Binance) and ETH (Ethereum) to reduce fee costs. Further, the project seeks to incorporate various systems and services such as decentralized asset management, NFTs, and digital art, in addition to a decentralized launchpad, an exchange for staking, and a farming mechanism. The platform aims to be secure as it is based on an Ethereum network verifiable by smart contracts so that no one can tamper with funds or data on the blockchain. Any amount of DOGES (a native token of the Dogeswap platform) can be staked on the platform. Through staking, Dogeswap aims to offer users a return of up to 1000% APY with no minimum amount required to join the liquidity pool. Staking overcomes the problem of inflation, thereby encouraging global traders to trade in DOGES.
By connecting crypto walletto Dogeswap, users aim to swap ETH for DOGES and earn rewards by staking. DOGES can also be used as governance tokens that enable the token holders to help shape the future of a protocol by initiating proposals or changes by a voting mechanism.
