What is TaalSwap?

Introducing TaalSwap

TaalSwap is a multi-purpose AMM (Automated Market Maker) protocol for token swaps/yield farming, IDO and NFT auction. TaalSwap, as a multi-chain AMM protocol, is to be operated through Ethereum, BSC (Binance Smart Chain), Klaytn and Heco (Huobi ECO Chain), and serves as a permissionless DEX geared into actualizing multi-chain token pools and auctions.‌

TaalSwap as an AMM Protocol

TaalSwap, as a full-fledged DEX (Decentralized Exchange), provides with users an easy-to-tap-into AMM environment for token swapping/liquidity providing, and serves to maximize users' profits in terms of operating staking pools and yield farming driven by TaalSwap-connected token pairs.

TaalSwap as an IDO Platform

Also being an IDO platform, TaalSwap enables cryptocurrency projects to easily raise funds by setting up a swap pool of their choice (i.e., fixed swap auction pool or batch auction pool) on the TaalSwap IDO platform. End-users will be able to join the projects as whitelisting participants in our secure and rule-abiding service environment.

TaalSwap as an NFT Auction House

TaalSwap will further evolve into a more advanced and integrated system by offering NFT auction with a variety of user-oriented auction principles.

Market Condition

Recent trading volumes on decentralized exchanges speak eloquently about the rationale of permissionless and interoperable exchanges. As can be seen in figure below, 2021-January trading volume on decentralized exchanges soared to set an all-time high above $50 billion, eclipsing the previous record of $26 billion from September 2020 by a wide margin. The growth rate of the trading volume in 2020 is 1,100% compared to 2019.

This data lucidly shows that decentralized exchanges as cryptocurrency buy/sell platforms and funding pools are one of the most groundbreaking advancements to come out from blockchain technology.