What is DeFIRE (CWAP) Coin Review ? Complete Guide & Review About DeFIRE

What is DeFIRE (CWAP) Coin

DeFIRE Within the last year, worldwide events and a heightened focus on capital market instability has precipitated an explosion in blockchain activity, leading the entire digital asset market into by far its most bullish period to date. While protocols have risen and fell, one innovation remains constant—the growing and almost omnipresent role of decentralized finance, or ‘DeFi’, in the blockchain industry. Growing from just a handful of original projects, multiple DeFi projects are now being created on a daily basis, and billions of dollars’ worth of on-chain value is being locked in various ‘on-chain finance’ protocols.

deFIRE Details

This section provides a brief summary of the mechanics and components of the deFIRE. In particular, it describes how limit orders are created and processed in a decentralized setting and the mechanics of the smart order routing algorithm.

Limit Orders Functionality Limit orders can be created by specifying a set of parameters including:

a) Base currency;

b) Quote currency;

c) Volume;

d) Limit price;

e) (Optional) Expiration date and time.

DeFIRE (CWAP) Basic Point Table

DeFIRE Team

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Tokenomics

DeFIRE The following sections will describe the tokenomics of the deFIRE ecosystem and in particular, the role CWAP token plays in setting ‘right’ economic incentives. At its core, deFIRE provides its patented technology of ultra-low latency order routing. The robust internal matching engine system provides unmatched speed and access to deep cross-venue liquidity for every actor involved in the ecosystem. What does the deFIRE ecosystem look like? The easiest way to understand it is through actors involved, token flows between them and what each of them has to do with CWAP, deFIRE’s native token.

CWAP Price Live Data

The live DeFIRE price today is $0.036665 USD with a 24-hour trading volume of $964.76 USD. We update our CWAP to USD price in real-time. DeFIRE is down 10.93% in the last 24 hours. The current CoinMarketCap ranking is #6217, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 CWAP coins.

Flows and CWAP Tokenomics

DeFIRE Liquidity Mining Irrespective of CWAP staking, order flow originators are entitled to liquidity mining rewards on a pro-rata volume-weighted basis. In layman’s terms, traders get CWAP-denominated rebates for routing orders through deFIRE.

Staking CWAP

DeFIRE Order flow originators can stake CWAP tokens to receive referral rewards. Note, that not every CWAP staker is entitled to have referral rewards. In order to be eligible for these rewards, one needs to have staked a given amount of CWAP tokens. Tiers depend on the volume of orders originated by a given entity and amount of CWAP tokens staked. This feature mostly makes sense for those who channel third party-originated order flow towards deFIRE facilities, such as e.g. non-custodial wallets. This feature enables such entities to earn rewards for using deFIRE;

What are the Benefits to the Cardano Ecosystem?

1. Existing and those that are yet to emerge brokers of ADA and CNT order flow will have trustless execution venues. If benefits from liquidity mining and cheaper transactions on Cardano appear to be sufficiently sizable, Cardano will become the destination for a massive order flow that currently runs through other layer-1 networks.

Any new broker built for the Cardano ecosystem will have a built-in instant liquidity.

3. Assets issued on Cardano will gain access to instant deep liquidity.

4. DEX’s built on Cardano will get access to actual orderflow.

Chantelle is one of the oldest and most established cryptocurrency brands to merge forces with the Occam.fi team and ecosystem; helping to build a more efficient DeFi layer and catalyzing the liquidity of on-chain secondary markets for Cardano.

A Ecosystem-Wide View and Conclusion

DeFIRE From the market infrastructure perspective, deFIRE captures the middle of the order execution value chain, i.e. deFIRE is the value-generating middleman between those who seek execution and those who provide facilities for this execution to happen. The nature of value dynamics within this ecosystem flows from order flow originators to execution venues as it is up to the trading agents where they choose to send their order flow 1 . deFIRE algorithmically optimizes this selection procedure, bringing market efficiency to the wider DeFi ecosystem within given layer-1 networks.

DeFIRE Roadmap