It is looking like the dawn of a new beginning in the world of digital currency with the launch of Bazarswap. The feat is unprecedented in the industry, with the platform described as the first-of-its-kind OTC Decentralized Exchange for ERC20 Ethereum Tokens. As a P2P exchange, the platform is designed to support OTC trading in different types of tokens, with amazing features that have continued to endear it to crypto enthusiasts in different parts of the world.
The world of digital currency powered by Blockchain technology has disrupted the financial system across the globe. Over the years, several solutions and products have emerged to meet the diverse needs of the different categories of players in the market. According to Coinmarketcap, the global crypto market cap is $1.71T, with the popular Ethereum ranked among the top 5 currencies on the market. An offshoot of the crypto world is ERC20 Ethereum Tokens that are becoming increasingly popular by the day. Unfortunately, very little seems to be done by the different stakeholders in the market to address the needs of users of ERC20 Tokens, which is where the team at Bazarswap is looking to be of help.
What are ERC20 Ethereum Tokens?
ERC-20 tokens represent a diverse range of digital assets residing on the Ethereum blockchain. They are unlike other forms of digital assets as they do not have their own blockchain. The popularity of ERC-20 tokens has increased tremendously in recent times, with a report revealing that there are over 200,000 ERC-20 tokens coexisting on the Ethereum blockchain.
Similar to other digital assets, ERC20 Ethereum Tokens can be sent and received using Ethereum transactions. However, there are no dedicated P2P exchanges to cater to the needs of traders of these assets.
Features of Bazarswap
The user-friendly Bazarswap is coming as a lifesaver for users of digital assets, especially ERC 20 tokens, providing them with a safe and secure platform that eases the process of exchanging different assets. Bazarswap offers a wide array of features and functionalities to users as a P2P exchange. One of the unique benefits of the exchange is that it is the first 100% over-the-counter decentralized exchange for ERC20 Ethereum Tokens. In addition, Bazarswap ensures no spillage and zero exchange fees to users, with relatively low transaction gas costs.
Bazarswap offers direct and automatic payouts for buyers and sellers with no liquidity mechanism and an easy-to-navigate interface that allows users to easily add any ERC20 token for sale to the exchange. In line with the goal of ensuring transparency and security of users’ assets, all tokens put for sale are never transferred to the exchange as they remain in the seller’s wallet until they are sold or removed for sale.
Bazarswap is undoubtedly looking to disrupt the digital currency space with the features and benefits offered to users. In a related development, the exchange recently launched an offer that allows users to earn up to 6 ETH by setting their tokens for sale in Bazarswap. The move is in line with the goal of bringing more people into the amazing world of digital currency, especially ERC-20 tokens. The team also plans to launch Bazarswap on the Binance Smart Chain to support BEP20 Tokens.
For more information about Bazarswap as well as the fantastic features and benefits offered, including the recently launched 6 ETH initiative, please visit – https://www.bazarswap.com/. The P2P ERC-20 tokens exchange also has a relatively strong presence on social media and can be found across several platforms, including Twitter and Telegram.