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Decentralized Exchange FlanoSwap Running on Cardano Blockchain

Exchange

cryptoknowmics.com 23 August 2021 19:21, UTC
  
Reading time: ~2 m

FlanoSwap Decentralized Exchange Among Few Running on Cardano Blockchain

Being one of the first decentralized exchanges, FlanoSwap is a complete launchpad solution for the Cardano ecosystem. 

The AMM protocol means the trades facilitated by users won’t be matched with each other by locking their tokens into a liquidity pool. Its use will be ensuring a quick, efficient, and powerful lucidity upgrade beyond the constant product pool with the capital of users put to work.

In addition to this, the protocol will also help in optimizing ownership and profits towards the development of financial institutions. 

The major reason for developing FlanSwap on Cardano blockchain is its efficient architecture, as Cardano was developed to overcome the weak points of Bitcoin and Ethereum. 

In order to consider the agreement before the release of Cardano, the non-profit organization behind Cardano formed a network of academics and scientists from international universities, including the Tokyo Institute of Technology and the University of Edinburgh.

FLAN Token and FlanoSwap’s Multiple Features

FLAN token is the native token of FlanoSwap, whose maximum supply is projected to be 200,000,000 FLAN.

Moreover, it should be noted that though the exchange is decentralized, the order books are kept centralized so that anyone on the system can trade orders sent FlanoSwap to the order book and vice versa. 

The developers will be launching the FLAN wallet in the month of August, which will allow users to manage their tokens conveniently and securely on the Cardano ecosystem. 

Along with this, the FLAN wallet will keep users updated with the latest market news and provide quality reports and some monitoring tools.


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