EverRise Launches EverSwap With a Native Coin Swap to Facilitate Cross-Chain Exchanges – Press release Bitcoin News

Press release. Ever Rise They launched their fifth decentralized app (dApp) today, EverSwap, a multi-chain decentralized exchange (DEX), with a cross-chain dApp powered Native Coin Swap feature. everbridge. the original currency swap (NCS) The (NCS) function lowers the barrier to entry for those interested in the multi-threaded DeFi space by making the cross-chain experience easily accessible and seamless with fewer steps, lower fees, and faster transfers.

Through EverSwap’s native coin exchange, users will be able to exchange native cryptocurrencies, ranging from Ethereum (ETH/ERC-20), Binance Smart Chain (BNB/BEP-20), and Polygon (MATIC/Polygon), across blockchains. without having to. central exchange. Native Coin Swap provides a one-step DeFi solution for trading native cryptocurrencies.

Principal currencies such as BNB, ETH or MATIC usually need to be withdrawn to a central exchange when exchanging a different blockchain. This process usually costs time and money with many transactions and steps that the user has to take. Instead, EverSwap’s Native Coin Swap feature executes all transactions in the backend, creating a simpler process for users with the ability to receive new coins at block speed.

EverSwap’s Native Coin Swap provides a fast and efficient way for users to participate in multiple blockchain systems while staying in DeFi. As the feature takes advantage of the unique delivery infrastructure built for EverBridge by the EverRise development team, users can take advantage of EverBridge’s security features and block speed transfers. During the public beta, users reported that cross-chain native coin swaps completed as fast as they could within two minutes.

Dive into the EverRise ecosystem and EverBridge technology

EverRise issued an upgraded token (RISE) on November 29, 2021. The updated RISE token was launched simultaneously on three chains connected by EverBridge, with a single supply circulating across the Ethereum, Binance Smart Chain, and Polygon networks. This shared supply allows the RISE token to be used as an intermediary transfer token between the three blockchains. The protocol upgrade also introduced a flexible, high-return mortgage in the EverRise ecosystem and made security-focused dApps available for projects developed on any of these blockchains.

EverSwap’s Native Coin Swap feature uses EverBridge technology to transact on the backend. EverBridge takes a RISE token on a single blockchain, converts it to RISE, then links RISE tokens to the receiving blockchain, sells RISE tokens pooled for the new parent coin and deposits them directly back into the user’s DeFi wallet. Users only cover the gas fee and a 1% transaction fee for each swap initiated. The volume generated by these transactions also contributes to the EverRise share and buyback protocol. Currently, more than 47% of the total supply of RISE is fortified and closed for an average of 9 months.

EverSwap: On the way to becoming an all-in-one multi-threaded DEX

EverSwap’s Native Coin Swap feature is one of the first in the decentralized finance space and is a major milestone in the industry as a whole. With a friction-free experience and intuitive UX/UI, EverSwap’s Native Coin Swap provides a new tool for those exploring multiple blockchains in the DeFi space. As EverRise expands its ecosystem to include more blockchains, it will bring this feature along with it and provide more native cryptocurrencies to trade on EverSwap.

EverSwap’s Native Coin Swap feature is just the beginning of the all-in-one multi-chain DEX that the EverRise team is building. A multi-chain swap option for RISE token is set to launch soon for RISE holders to swap RISE on Ethereum, Binance Smart Chain, and Polygon. In addition to RISE’s multi-chain swap feature, EverRise will also look to add functionality to allow users to swap other DeFi tokens traded on the Ethereum, Binance Smart Chain, and Polygon networks in the future.

About EverRise

EverRise is a blockchain technology company focused on increasing access to decentralized finance by bringing security solutions to space. Through an innovative ecosystem of decentralized applications, EverRise provides investors and developers with the tools to reach the largest possible market with maximum security. They are working towards mass adoption of security protocols across the Binance Smart Chain networks, Ethereum, and Polygon and currently offer 5 security dApps: EverBridge, EverOwn, EverMigrate, EverStake and EverSwap, with more on the way.

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