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
Last modified 11mo ago
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