AliumSwap Launches Cross-chain Swaps on Polygon and Other Blockchains

Variety of Networks

The company’s AMM Multi-chain DEX already supports 10 networks, such as BNB Chain, Ethereum, HECO Chain, Polygon Matic Chain, Fantom Opera, Metis Andromeda, Moonriver, Moonbeam, Aurora, and OKC. Soon, the company intends to integrate other popular blockchains to make it easier to exchange tokens across networks.

Cross-chain Feature Integration

AliumSwap started the integration of the cross-chain feature from Polygon network and will continue with OKC right after. Then, the cross-chain feature for other blockchains will be released weekly. To exchange a token created on BNB Chain Chain for a different token on the Polygon chain, you need to follow a few steps. Firstly, choose BNB Chain and the token that you wish to swap; then Polygon Chain and the token that you would like to receive. Enter the number of tokens for your swap and proceed with your transaction.

Seamless Trading Experience

Alium is aiming to deliver a seamless cross-chain experience, where all you have to do is select the blockchains and assets you want to exchange, then you will be able to see the route of the transaction and the status of each step. A process will typically take a few moments depending on how fast the confirmation of the bridge and destination chain is. You can check the status of the transaction at any time on your device, as well as check whether the assets have arrived on the destination network.

Security and Audits

To build trust and make it secure, AliumSwap smart contracts have been audited successfully by the top companies in its industry, such as Quillhash, CertiK, Hacken, and Chainsulting, a German-based firm known for its expertise in smart contracts.

Low Commissions

Now the commission for exchanging tokens on AliumSwap equals 0.25% for every swap within the network, where 0.2% goes to Liquidity Providers and 0.05% to AliumSwap Treasury.

Summary

The DeFi market is constantly offering new opportunities for traders, investors, and crypto companies, and one of the most exciting things about the cryptocurrency and blockchain ecosystem is consistent innovation. The space is largely driven by innovation and the evolution of concepts. We’ve seen decentralized finance, DEXs, and many others evolve greatly into what they are today, mostly owing to revolutionary projects reinventing the narrative, integrating new insights, and driving ease of use and overall user experience. We believe strongly that the next step towards DeFi adoption is solving issues relating to blockchain cross-platform integrations. This will have a significant impact on the DeFi ecosystem and cryptocurrency’s growing adoption.

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AliumFinance

AliumFinance

DeFi and NFT Ecosystem with AliumSwap Decentralized AMM Exchange with multi-blockchain option and NFT’s #blockchain #NFT #DeFi #cryptocurrency