The Panaswap Protocol — Who Are We?

In The Advent Of DEXes To The Cardano Ecosystem, We Have Seen Many Improvements And Innovative Implementations From DEXes Who Have Launched Earlier And We Spent Time Researching On How To Further Improve The Space, Thus The Birth Of The Panaswap Protocol.

The Panaswap Protocol Architecture Is Being Developed To Be One Of The Most User Friendly Decentralised Exchange On The Cardano Blockchain

We Are Building A State Of The Art Permissionless AMM / AYO On The Cardano Blockchain For The Future Of DEX.

The Panaswap Protocol Will Be Built To Enable Crypto Users To Be Able To Trade ADA For Other Tokens On The Cardano Blockchain And Also Harnessing The Interoperability Structure Of The Chain To Enable Cross Chain Communications And Transactions.

Why are We Building On The Cardano Blockchain?

As We Experience A Rise On Several Cryptocurrency Infrastructures Being Built On The Cardano Blockchain, We Realised The Cardano Blockchain’s Steady Call For More Decentralised Exchanges To Tackle Most Defi Issues Users Are Faced With.

We Decided To Proffer That Solution With Panaswap

Panaswap’s State Of The Art Feature-Rich Decentralised Exchange Enable Swapping Native Cardano Blockchain Tokens On The Network And With Our Cross Bridge Feature Which Will Be Integrated Later, Users Will Also Be Able To Swap Across Chains Like The Ethereum Chain, The Binance Smart Chain And Others.

Native tokens bring multi-asset support to Cardano, allowing users to create custom tokens and carry out transactions with them directly on the Cardano blockchain.

This, together with the release of Goguen (smart contracts on Plutus), will allow teams to build decentralised applications on Cardano. It will also allow projects that already exist on Ethereum to start migrating to Cardano.

The Panaswap Protocol aims to be a fully community-owned and DAO governed Defi protocol in the long run.

What makes Us Unique From Other Dexes On The Cardano Blockchain?

. 100% on-chain and 100% non-custodial / Permission-less trading allowing anyone to become a market maker by either starting a liquidity pool or participating in an existing one.

. Panaswap DEX will allow users to trade any Cardano native token for ADA or a native token for another native token on the Cardano Blockchain.

. Incentivized Liquidity Provision on the Panaswap Protocol Enables Users To Create Or Participate In A Liquidity Pool And Earn From Fees.

. With Panaswap Create LP, token issuers can create a new pair without the need of a big amount of capital to serve as collateral.

To read more about the Panaswap Protocol, please read our Whitepaper here

Does Panaswap have A Utility Token?

Yes, Panaswap token is $PANA. Liquidity providers will be paid in $PANA tokens.

Our Token offering to early Believers Will Be Live Soon.

- Panaswap Team -

Follow Us —
Twitter: https://twitter.com/Panaswap
Telegram: https://t.me/Panaswap
Website: https://panaswap.com/