BRISBANE, QLD, AUSTRALIA, March 11, 2022 /EINPresswire.com/ — The decentralized finance space has exploded with success stories such as DOGECOIN, SAFEMOON, SHIBA INU, BABY DOGE, KISHU INU and many more bringing users to decentralized exchanges such as PANCAKSWAP, MDEX, UNISWAP , SPOOKYSWAP, QUICKSWAP, etc. their tokens. In just 24 hours, PANCAKESWAP receives an average of $828,389,383 in trading volume. Closely followed by SPOOKYSWAP receiving an average of $510,961,838 in trading volume in 24 hours.
While everyone is scrambling to find the next big thing in DeFi, BODA Token has worked hard to create a unique and first-of-its-kind product for the DeFi industry. Boda Token is proud to announce the successful launch of BodaSwap! The first decentralized exchange to eliminate slippage requirements when trading Binance Chain tokens. Unlike other DEX platforms such as Pancakeswap, MDEX, UniSwap, SpookySwap, Quickswap and many more which require minimal swipe entry to swap tokens, BodaSwap is swipe free. Swiping is often used to create a buffer when exchanging two tokens on a decentralized exchange, and while not always charged as a fee, sometimes swiping can cost the user a small number of tokens in trade. By eliminating the swipe requirement, tokens traded on the BodaSwap DEX give the user more value for their trade. A DeFi trader who used Pancakeswap and BodaSwap, where two identical transactions were made, was able to demonstrate that gas fees on Pancakeswap cost the user $2.28 and gas fees on BodaSwap only cost $1. $69. Save user 59 cents in gas costs by using BodaSwap.
BodaSwap is a utility product that will add value to the native BODAV2 token, which is part of the Boda company. Revenue generated from transactions on BodaSwap will be used for redemption and burning of BODAV2 tokens. This process will help increase the value of BODAV2 tokens and provide more BUSD rewards to existing BODAV2 token holders.
Based on the average daily volume received on Pancakeswap at over $800 million, the 0.2% fee per transaction on BodaSwap could potentially generate $1.6 million per day for BODAV2 tokens. With 6% of that $1.6 million, $96,000 converted into BUSD rewards for token holders.
The BODAV2 token is the highest-paying reward token on Binance Smart Chain, automatically rewarding its holders in the form of Binance Pegged BUSD. Since BUSD is a stablecoin pegged to the US dollar, its price will never change, making it a great choice for passive income. As a DeFi token that automatically rewards investors with stable passive income for holding, BODAV2 helps reduce risk from cryptocurrency market volatility. Holders can continue to earn during a crypto bear market as the price of the token does not affect BUSD rewards. Over time, holders can earn enough BUSD rewards to cover their initial investment, turning their investment into a free asset.
No other smart contract is like BODAV2 because it was built from the ground up. An anti-whale and anti-dumping mechanism helps protect investors from heavy losses. BODAV2 has been audited by Certik, the world’s leading smart contract auditing companywhich offers much greater security and peace of mind to BODAV2 wearers.
BodaSwap is a real contender in the decentralized exchange industry as the first DEX to facilitate transactions with no slippage and lower gas fees. Many users will turn to BodaSwap over other DEXs like Pancakeswap with the ease of exchanging tokens and paying less fees.
Additionally, BodaSwap provides a Fiat on-ramp for customers to buy cryptocurrency with Visa or Mastercard. This Fiat-to-Crypto feature is ideal for customers located in locations such as America where purchasing crypto tokens such as BNB can be difficult.
With companies like Coinbase Global Inc. (NASDAQ: COIN) and Binance pushing crypto further into the mainstream, people are finally realizing the true potential of cryptocurrencies. It is this feeling that will continue to take BodaSwap & BODAV2 and its community to new, even greater heights.