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MGFswap, the world’s first multi-chain and cross-chain DEX is about to launch

As the blockchain is gradually recognized by the world and the global flood brought about by the new crown epidemic, digital assets have shown explosive growth. So far, more than 2,000 digital currencies have been traded on major trading platforms. The total market value of digital currencies has exceeded US$8 trillion, and the transaction volume has exceeded US$1 trillion.

Such a huge trading market needs a better trading platform to support. Today, although the industry is developing rapidly and there are many exchanges, they are basically centralized exchanges. Even the top centralized exchanges are full of problems such as high listing fees, insufficient security, lack of liquidity, etc., and lack of trust. And transparency exposes users to high risk, especially those inexperienced.

Due to the various deficiencies of centralized trading platforms, users’ strong demand for decentralized trading platforms has emerged. Decentralized exchanges run asset custody, asset clearing, and transactions through decentralized smart contracts to achieve a credible trading mechanism, which will greatly improve the security of user assets and make decentralized exchanges a future trends. But even decentralized exchanges still have many flaws.

In the field of blockchain, what hinders the development of CEX is not only DEX, but also cross-chain!

In this era of cross-border plundering and fast-changing, if you don’t self-renovate, you can only be reformed. As a result, the decentralized trading model based on cross-chain is subverting CEX (centralized exchange) and traditional DEX (decentralized exchange), and opening a digital currency exchange based on multi-chain and cross-chain technology new era. Because of this, MGFsawp, a multi-chain and cross-chain decentralized trading ecosystem developed based on MGF, came into being.

MGFSwap: Innovative integration of DEX+CEX

As we all know, in the process of digital currency transactions, centralized exchanges are responsible for the entire process of custody funds, providing liquidity, matching transactions, and delivering and clearing transactions. The platform has absolute right to speak and status, controls the property safety of users, and users are in a vulnerable position. With the development of DeFi, DEX (decentralized exchange) has risen rapidly, solving many problems of centralized exchanges, including asset ownership risk that assets are not under their control, regulatory risk that is easily affected by policy, counterparty and transaction fraud and other transaction process risks and withdrawal risks that may not be able to be withdrawn for a long time due to exchange reasons.

The emergence of DEX (decentralized exchange) makes up for the insufficiency of CEX (centralized exchange) and solves the actual needs of users. Users do not need to host assets in CEX, and there is no situation where assets are not under their control. During the transaction process, users do not need to worry about counterparties and transaction fraud. DEX (Decentralized Exchange) cannot be truly regulated by the government, so it is not affected by policies and is more stable. During the withdrawal process, there is no need to worry about not being able to withdraw.

At present, the market value of some DEX platforms has surpassed that of the old CEX exchanges. At the same time, the trading volume and daily active people of DEX have also exceeded most CEXs, and are continuing to grow. However, the DEXs on the market are basically based on a certain public chain and deployed in the form of smart contracts, such as Uniswap on Ethereum, MDEX on Heco and Pancake on Bsc. Or exist in the Layer 2 mode on Ethereum, such as Loopring and Zkswap, so the existing DEX basically does not support the exchange mode of Native Token of mainstream assets such as BTC; most of them are based on the AMM model and do not support the OrderBook mode, resulting in asset transaction efficiency. Low, high fees; liquidity sharing between DEXs cannot be achieved, and cross-chain liquidity combinations of various assets cannot be achieved.

Based on this, the MGFswap decentralized trading ecosystem has been committed to changing the existing problems of DEX and CEX since its establishment, and perfectly integrating the advantages of the two. Through the MGFswap decentralized trading ecosystem, users can fully share the liquidity and transaction depth of any trading pair on any chain, ensuring user privacy and asset security.

MGFswap leads the exchange business revolution

MGFswap is a multi-chain and cross-chain decentralized trading ecosystem developed by ConBridge Tech Networks based on MGF. It will serve most of the global users who support digital asset trading. It aims to help people exchange digital assets in a safe, reliable and decentralized way. At the same time, it solves the pain points jointly created by users and issuers, so that the interests of project parties and users can be safely guaranteed.

MGFswap helps both parties to exchange their digital assets through a decentralized trading system. At the same time, users can transfer assets between multiple chains on BSC, Tron and other chains through the cross-chain bridge, providing users with multi-chain asset interoperability requirements. .

MGFswap has completed the initial work, and will effectively test and partially apply the closed loop of the entire business logic. According to the plan, it will warm up the market on a small scale to test the acceptance of the community and nodes. In the future, MGFswap’s global market, community, nodes, and core technologies will develop in depth with MGFswap, and its ecology will further promote applications such as mining, staking, and liquidity provision, benefiting every participating user. Finally, around the growth of community users, as well as the layout of NFT, gamefi, web3.0, and Metaverse ecological services, a virtuous cycle, two-way incentive, and self-purification ecological community will be realized, and a high-yield value platform will continue to be created, so that everyone can get Better privacy protection, as well as more efficient and secure digital asset transactions, establish a new technology category that can protect new types of data, allowing players to access its ecosystem and digital asset transactions without worry, so that privacy data is perfectly protected. With the gradual expansion of the ecology, MGFswap will become an industry-leading cross-chain DEX.

The MGFswap decentralized trading ecosystem has started a global launch plan and is expected to be launched in late June. Global partners are welcome to join. MGFswap will receive comprehensive support in terms of resources, technology, management, etc., and the future can be expected indefinitely! We have witnessed the brilliance of uinsawp to achieve a market value of 30 billion, and I hope we can witness the highlights of MGFswap together.

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