CrowdSwap (CROWD) Coin Guide & Detailed Review

About CrowdSwap

CrowdSwap space has ever since allowed people to make life-changing gains. With decentralized finance (DeFi), the possibilities have increased significantly. Every new project on the launch platforms, e.g., Polkastarter, did amazingly well afterward, sometimes reaching valuations of 100x or even more. In a bull market, everybody wants to trade these tokens that are first available on the decentralized exchanges (DEXes), e.g., Uniswap. Lately, the popularity of DeFi has created some problems. Network traffic exceeded former expectations. And especially Ethereum had to suffer from high transaction fees.

These high transaction costs gave other network providers the chance to step in. With lower prices, they can catch up to Ethereum as the number 1 network. Different chains bring another dimension of complexity to the DeFi space. Now the amount of DEXes not only grows on Ethereum, but it also spreads across all kinds of networks. The majority of users cannot keep track of all DEXes anymore. Not to mention the overhead of transferring their coins and tokens across networks. The future of DeFi is bright, and CrowdSwap believes in DeFi. The mentioned issues are to be solved to make DeFi a place of equality for every human being.

CrowdSwap Basic Points Table

Problems

As already mentioned in the introduction, the transaction costs on the Ethereum network are far too high for an exchange of tokens. Compared to central counterparties in the crypto environment, the transaction costs here are extremely high, amounting to many times the pure exchange fees. In some cases, the transaction costs exceed the $100 mark, which often amounts to several percent of the exchange value. This has great impact on the overall costs of ownership of a token as Swap always takes ancillary costs into account.

With small trading volume transaction cost can exceed he 1% mark easily while the additional liquidity fees on the exchange markets, on the other hand, are only 0.3%. From the overwhelming acceptance for DeFi, its popularity creates a problem in the Ethereum network that nobody can solve overnight. One reason for the high cost and low transaction per second (TPS) is the proof-of-work approach. The EIP-1559 will weaken the miners’ position, but it remains to be seen whether this will reduce transaction costs significantly. Recently the berlin hard-fork reduced the transaction costs slightly.

Solution

All challenges set an essential course for the future and acceptance of DeFi. Swap is confident that these can be improved or solved with the following Swap products. The Search App searches for the best price for a specific token pair in the complete DeFi Space. The search takes place cross-chain and is only limited by the integration of the different liquidity sources. The best-price algorithm finds the best price for the token pair and considers all collateral costs. For simplicity we assume that all liquidity sources like LPs or order books have some kind of fees. They assume that the price can be expressed in USD.

Transparency

Most DEXes focus on swapping from token A to token B based on their liquidity pools. CrowdSwap emphasizes transparency of the best route for the swap, the fee structure, and the swap side costs. Crowd transparently displays all routes of the compared DEXes. The best price algorithm ensures that the best route of each DEX is found. The goal is always to find the best price, including all additional costs. No other criteria, such as pool ratio, pool health, volume or TVL, plays a role. Your focus is exclusively on the price advantage of your users.

Why Choose CrowdSwap?

The fee structure is not always easy to understand. While the DEXes display the fees, they are usually shown in token form rather than US dollars. These numbers bring confusion as to the magnitude of the costs. For swaps over multiple LPs, the fees of 0.3%, for example, accrue numerous times. I.e., for a value of 1000$ over two LPs there is not 3$ but 6$ to be paid. It also happens that different pools charge different fees.

In the new V3 of Uniswap the prices go from 0.05% – 1%, depending on the pool. Swap always displays the fees of the swap in US dollars to be compared to each other. The swap charges are not displayed on most DEXes because it is a network problem and not one of the DEXes themselves. They agree with this only to the extent that it makes no difference on a DEX. However, if the user can choose, he would probably use the exchange platform with the lowest incidental costs.

Where Can You Buy CrowdSwap (CROWD)?

Tokens Can Be Purchased On Most Exchanges. One Choice To Trade Is On QuickSwap, As It Has The Highest CROWD/USDT.e Trading Volume, $8,947 As Of February 2021. Next is OKEx, With A Trading Volume Of $6,180,82. Other option To Trade Include CROWD/USDT And Huobi Global. Of Course, It Is Important To Note That Investing In Cryptocurrency Comes With A Risk, Just Like Any Other Investment Opportunity.

Market Screenshot

CrowdSwap Supported Wallet

Several Browser And Mobile App Based Wallets Support CrowdSwap. Here Is Example Of Wallet Which CrowdSwap – Trust Wallet For Hardware Ledger Nano.

Team

Roadmap

FAQ Of CrowdSwap