SymbiosisDeFined

The Place to Swap Any Token for Any Token: SymbiosisDeFined

By Ramzs | Crypto News & Insights | 21 Mar 2022


 

  Why Symbiosis?

Symbiosis is a multi-chain AMM DEX and liquidity protocol. This is the best place and space to swap any token for any token. It will interest you to know that we are backed by the ecosystem funds of leading protocols. We don’t shut down, and we can never leave you stranded. Do you still have some worries?

 Perhaps you’re not aware that we are also backed by leading wallets, exchanges, and venture funds.

On our platform, you can move liquidity across any chain. Whether it's Ethereum, BNB, polygon, Solana, or another cryptocurrency, we have all you need to swap any token for the token of your choice.

 The Benefits of Decentralized Swaps

 Decentralized exchanges, abbreviated as DEX, are a type of cryptocurrency exchange that gives room for direct peer-to-peer (P2P) transactions involving cryptocurrency in a secure space without the involvement of an intermediary.

 DEXs were designed to eliminate the need for any kind of authority to oversee and authorize trades executed within a specific exchange. This is done by creating a secure space where buyers and sellers of cryptocurrencies can meet and interact for the purpose of cryptocurrency exchanges.

 The benefits of decentralized exchanges are limitless, and symbiosis creates a platform for you to leverage these merits to your satisfaction. One major merit of using symbiosis for decentralized swaps of tokens across many chains is that third parties are eliminated. In decentralized exchanges, the typical third-party entities are banks, stockbrokers, online payment gateways, governmental institutions, and the like; their job is to oversee the security of transactions and monitor the transfer of assets. On symbiosis as a platform, these third parties have been replaced by a blockchain or distributed ledger. Smart contracts or order book relaying have now become established as common methods of operation.

 It is obvious that most traders on a decentralized exchange most of the time do not see a need to transfer their assets to the exchange before placing a trade. That's because decentralized exchanges reduce the risk of theft and account wiping by third parties. Blockchain provides account security, preventing exchange hacking.

 In addition, decentralized swaps of tokens also help to prevent the manipulation of prices. This also prevents the actualization of fake trading volume through wash trading. Swapping your tokens through symbiosis also assures you of anonymity. That's because decentralized exchanges are more anonymous than any other means. The good part? This helps you implement "know your customer" (KYC) requirements.

 You may wonder if there are no cons to the use of decentralized exchanges. The truth is that there may be a few. However, the pros will always outnumber the cons. There are fears in the hearts of some investors that centralized exchanges have been dealing with low trading volumes and market liquidity. The good news is that the 0x project has come to the rescue. The 0x project is a protocol for building decentralized exchanges with interchangeable liquidity.

 Symbiosis accepts transactions through wallets like Trust, Coin98, MetaMask, and XDEFI. The best part? We run a reward scheme known as LP Rewards, and we communicate your rewards to you through these wallets. We also have an app that allows you to trade on the go.

 Conclusion

Swapping tokens has been made easier than ever. If you’ve ever been scammed online by any token swapping platform, we are sorry about that. We are here to make sure that never happens to you again. So what are you waiting for? Get your preferred wallet connected to our platform and sway "any token" to "any token" instantly! There is no third party, no theft, and no risk!

 Symbiosis is a platform that aggregates decentralized exchange liquidity across any EVM and non-EVM network. So if you’ve been looking for a platform to swap any token and transfer liquidity, your search is over! Symbiosis has got you covered. When we say any token, we are not mincing words. Yes, any token!

 On the Symbiosis platform, you can get SIS and LP Tokens. To purchase $SIS, use decentralized exchanges such as uniswap on Ethereum and Sushiswap on Arbitron. You could also make use of centralized exchanges like Huobi, Gate.io, Bybit, and OKX. You can get the SIS-LP Token using Uniswap and Sushiwap.

You're only a few steps away from swapping any token for any token. You could start by installing your wallet plugin on our platform.

 

How do you rate this article?


1

0


Crypto News & Insights
Crypto News & Insights

Up to date news on crypto currency!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.