The beta version of VentiSwap’s platform has been released. VentiSwap is a new non-custodial, true cross-chain swap that aims to provide users with lower transaction fees and more efficient cross-chain swaps. VentiSwap is a new member of a relatively small community that serves the ever-increasing demand for cross-chain platforms that are currently operational in the industry.
VentiSwap is distinguished from other cross-chain DEX platforms in that it does not depend on using middle tokens, bridges, HTLC, or P2P functions to initiate and complete transactions. Utilizing VentiSwap’s in-house developed algorithms, the VentiSwap platform was designed to offer users a straightforward and time-saving way to trade any of the supported types of blockchains in a single transaction.
VentiSwap is able to provide users with the capability to engage in true cross-chain swaps as a result of the use of the company’s proprietary algorithms, which form the foundation of the cross-chain DEX platform that VentiSwap operates. These algorithms make it possible for transactions to be completed quickly and effectively without the participation of any third parties. It has been possible for VentiSwap to optimise transaction exchange rates for users, which has encouraged traders to fully leverage multiple liquidity pools. In addition, VentiSwap was the first service of its kind to ever offer a refund function for unsuccessful transactions.
The launch of the VentiSwap Token (VST) was initially scheduled to take place in the latter half of 2021. However, following the discovery of potential security flaws, the VentiSwap team made the decision to have the code subjected to a security audit by CertiK, a company that is regarded as a leader in the field of DeFi and blockchain security auditing. This was done to ensure code integrity, reduce risk, and guarantee security.
The VentiSwap team was able to move forward with the launch in the second quarter of 2022 as a result of the findings of CertiK’s code security assessment, which revealed that there were no critical, major, medium, or minor issues. The VST plug-in is currently accessible through 1Inch and Uniswap, and CEX listings are on the way.
In addition to the VentiSwap platform, VentiTech, VentiSwap’s parent company, is also working on several cross-chain crypto projects:
- VentiNFT – a cross-chain NFT marketplace
- VentiWallet – a multi-chain wallet platform
- VentiPresale – a cross-chain presale platform
- VentiVerse – an interactive storefront to display NFTs, play games, and earn rewards
- VentiHeadz – a line of 80’s style utility NFTs
- VentiSwap Token – an ERC20 “no reflections” and non-taxed utility token
In the second quarter of 2022, the company began selling its VentiHeadz brand of utility NFTs, which are modelled after those popular in the 1980s. Only 5,000 coins will ever be produced by the mint. Holding VentiHeadz NFT grants one full access to VentiTech’s entire line of cross-chain platforms, as well as a complimentary VentiHeadz t-shirt, entry into a private online chat community, and an invitation to a prestigious in-person event. In addition, the holder will receive an invitation to the event. One hundred tenths of an ether are required to mint one VentiHeadz NFT. VentiHeadz website.
March of 2021 marked the beginning of the VentiSwap project, and Switzerland serves as the location of the company’s incorporation. The development teams for VentiSwap are located in the United Kingdom, India, and Pakistan respectively. The platform has an official affiliation with Binance, a market leader in the industry, which allows Binance to supply VentiSwap with back-end liquidity. Money transfers or transactions involving fiat currency are not available through VentiSwap. It is only possible to trade tokens with other tokens. It is necessary to use other platforms in order to make purchases and withdraw cash.
Visit the official VentiSwap website to get hands-on experience with the beta version of the platform that VentiSwap offers.
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