Project NagaSwap Protocol

Project Nagaswap will unveil a fully functional decentralized exchange with trustless cross-chain trading, all at the speed and price that customers want. And despite living natively on Binance Smart Chain, it will be interoperable with Ethereum. Nagaswap made of seven main ingredients:

  • BNW: The Nagaswap token is the utility token of the Nagaswap ecosystem

    • BNW will be fully integrated into Nagaswap, and also benefit from a buy/burn of fees

  • Cross-Chain Swaps: trustlessly exchange assets between chain

    • This is in contrast to most current protocols that rely on trust parties to administer the swap

  • Orderbook: a decentralized automated full limit order book

    • This will give traders complete control over their orders, unlike Automated Market Making

    • Orderbook and matching is fully automated on-chain, and orders are from Nagaswap end users

  • Full Ethereum and Binance Smart Chain integration

    • This will make Nagaswap fast and efficientโ€“all while being interoperable with the Ethereum ecosystem and ERC20 tokens

  • Physically settled cross-chain contracts

    • These will allow easy margin positions in DeFi on synthetic assets

  • NagaBTC: a model for creating an ERC20 or Nagaswap tokenization of BTC

    • This would be a fully trustless BTC token

  • NagaUSD: a model for creating a decentralized stable coin

    • This would be a decentralized stable coin that does not have a single point of failure