With over 20 major listed DEXs having over $1 Million locked in them each, an ecosystem is no more a novel place. There are bigger players in the space that sort of separate themselves from the rest of the pack. Uniswap, SushiSwap, Balancer, Curve Finance, and Bancor have over a billion dollars locked in them each, however, they have a long way to go to compete against the larger centralized exchanges.
Amongst other reasons, one of the main reasons for lower adoption of DEX is that these DEXs aren’t able to create an ecosystem around them, which is a huge gap when it comes to adoption.
Features of ChilliSwap’s Ecosystem
To start with, ChilliSwap gives you the ability to Swap your cryptocurrencies. They have their Liquidity pools too where the liquidity providers have an opportunity to earn a 0.3% fee on all trades proportional to their share of the pool. Other earning opportunities come in the form of staking where users can earn interest by adding Uniswap LP or Ether.
To add to it, ChilliSwap is also integrating an NFT marketplace to add to the ecosystem. Additionally, users can read news and get updates on the same platform. Most of the average user’s DeFi needs are catered to by ChilliSwap’s platform. One of the most attractive features of ChilliSwap maybe it’s real-time analytics and fraud filters.
ChilliSwap has multichain support which means it can support Binance Smart Chain and Ethereum. The ability to trade, earn, analyze and stay up to date on the same platform is a massive crowd puller, it even gives users incentive to come on the platform and invest both their time and money in it.
AI Meets DeFi Through ChilliSwap
Not only does ChilliSwap have cutting-edge blockchain technology, but it also has advanced AI systems to detect fraud and power its analytical tools.
Decentralized exchanges exist to tackle the problems caused by centralized exchanges, preventing price manipulation, faked trading volumes, and more. Chilliswap gives their traders the ability to transact while giving full control over their funds through the use of the tools and services offered on the platform.
Additionally, they offer a sophisticated artificial intelligence auditor for all smart contracts in the market. Search results are prioritized by age, liquidity, and trading volume, with easy links to third-party resources, to combat duplicative scam coins. New listing explorer has a feature to highlight liquidity pulls as suspected scams.
To protect their customers, they have real-time fraud detection. Transaction history and chart candles are delivered to the user in real-time directly from the Uniswap API. Deep historical data means chart candles can be loaded for as far as transactions have been first recorded, giving full transparency.
Earning Through ChillShare
ChilliSwap, through ChilliShare, provides you an earning opportunity most platforms do not provide. Chillishare is a profit-sharing process, where we will share 50% of our profit which is coming on Ads on Chilli Analytical Tool. If you stake on ChilliSwap’s staking platform then automatically you will be enrolled for Chillishare as well. Also, you will receive all Profit (Chillishare) as USDT on every last day of the month.
This incentive to use ChilliSwap’s proprietary analytics tool while being paid to do so is one of the biggest drivers of user engagement on the platform.
Not Just Another Uniswap Fork
On the first look of it, the ChilliSwap token might look like just another fork of Uniswap, but when you dig underneath the surface, you see an entire ecosystem waiting to be explored.
The advantage of the ecosystem coupled with the user’s ability to follow news and updates on the same platform increases user engagement. What sets ChilliSwap apart from the rest of the group is the ability for users to earn a portion of ChilliSwap’s ad revenue generated by you.
Adding ChilliSwap’s lucrative earning opportunities gives it an edge over most existing and established DEXs.
Like BTCMANAGER? Send us a tip!
Our Bitcoin Address: 3AbQrAyRsdM5NX5BQh8qWYePEpGjCYLCy4
