Understand CoinSwap.io in 10 minutes: a new Dex species that saves money and has a promising future

In addition to NFT, Metaverse, and GameFi, are there any other novel, interesting, and profitable concepts or models in the DeFi track?

Yes. Recently, I heard about a new project in the DEX track, CoinSwap.io. It is reported that CoinSwap.io is the world's first decentralized cloud trading protocol. It has created a new model of decentralized cloud (DeCloud, DEX cloud), pushing DEX into a new era.

So, what is Decentralized Cloud (DeCloud)? Before introducing this novel model, let me briefly introduce the swap properties of CoinSwap.io. Simply put, CoinSwap.io is an AMM-type swap first deployed on Binance Smart Chain. In layman's terms, it is an AMM-type trading protocol on Binance Smart Chain. Compared with other swaps, CoinSwap.io can help you save money.

Save up to 50% on transaction fees

It is reported that the transaction fee of Uniswap, the leader in the DEX track, is 0.3%, and the transaction fee of PancakeSwap, the leading project in the DEX track of Binance Smart Chain BSC, is 0.25%. However, after the platform currency deduction, the transaction fee of CoinSwap.io is 0.15%, which is 50% and 60% of the transaction fee of Uniswap and Pancakeswap respectively, which can save you 50% and 40% of the transaction cost.

For example, if you trade 100,000 USDT on Uniswap or Pancakeswap, you need to pay 300 USDT and 250 USDT in transaction costs respectively. On CoinSwap.io, like Binance's BNB, if you hold CoinSwap.io's platform token COINS (a deflationary token that can offset 50% of the transaction fee), you can enjoy a 50% discount on the transaction fee and only need to pay 150 USDT in platform token COINS transaction costs. Compared with the transaction costs of Uniswap and Pancakeswap, CoinSwap.io saves you 150 USDT (50% less) and 100 USDT (40% less).

Although saving money may not make you a person like Musk, Buffett, or Zhao Changpeng, it can turn small change into whole money and even permanent assets. After you understand the benefits of CoinSwap.io in helping you save transaction costs, we will introduce its novel and interesting modes and prospects.

What is DeCloud (DEX Cloud)?

You may have heard of the popular concept of cloud computing. You may also have an impression of Tencent Cloud, Alibaba Cloud, Huawei Cloud, Google Cloud, Amazon Cloud, Microsoft Cloud, Binance Cloud, Huobi Cloud, Ouyi Cloud, Chain Cloud, etc., or even have used the services or products of these clouds.

However, you may not know what the cloud is, nor understand the difference between the cloud of Internet companies (Tencent, Alibaba, Huawei, Google, Amazon, Microsoft, etc.) and the cloud of crypto asset exchanges. Even if you understand the cloud of these centralized exchanges (CEX cloud, such as Ouyi Cloud, Binance Cloud, Huobi Cloud, etc.), you may not have heard of the concept of decentralized exchange cloud (DEX cloud, such as the world's first decentralized cloud trading protocol CoinSwap.io), and you may not know the difference between Cex cloud and Dex cloud, and you may not understand the meaning or value of Dex cloud.

Before introducing Decloud (Dex Cloud), please let me briefly introduce what is cloud and what is Cex cloud.

According to Wikipedia, as early as 1977, the shape of the word cloud was used to represent a network of computing devices, metaphorically referring to the Internet. By 1993, the word cloud was used to refer to a distributed computing platform. In August 2006, Amazon launched the Elastic Compute Cloud (EC2), providing customers with cheaper and on-demand priced infrastructure services (such as API services, data storage, data computing, etc.). In 2008, Gantt saw the opportunity of cloud computing: "Shaping the relationship between consumers of IT services, people who use IT services, and people who sell these services."

Simply put, cloud computing is the use of computer system resources, especially data storage and computing, to help customers minimize upfront IT infrastructure costs, allowing users to benefit from these technologies without having to have in-depth knowledge or expertise in each technology, helping them focus on their core business.

CEX Cloud (CeCloud for short) is the abbreviation of centralized digital asset exchange cloud, mainly represented by Binance Cloud, Huobi Cloud, and Ouyi Cloud. Binance Cloud uses Binance to establish crypto business in a few minutes, such as spot trading, fiat currency trading, futures trading, quantitative trading, etc. Huobi Cloud helps partners quickly build their own exchanges, such as user system, wallet system, finance, orders, OTC, etc. Ouyi Cloud provides full-process technical solutions for exchanges, such as currency trading, fiat currency trading, fund management, etc.

From the business introductions of Binance Cloud, Huobi Cloud, and Ouyi Cloud, it is not difficult to see that Cex Cloud is mainly to help customers simply and quickly build a centralized exchange, where all exchanges merge and share the liquidity of the order book. It is aimed at customers who want to build a centralized exchange but do not understand the technology or operation, helping them save costs and allowing customers to focus on their core business without worrying about liquidity, technology research and development, and other issues.

After you understand what cloud and CEX cloud are, you may be able to guess what DeCloud is. Analogous to CEX cloud, DEX cloud (DEX Cloud, referred to as DeCloud) mainly helps customers to simply and quickly build a DEX, and provides some technical or operational support for the normal operation of a DEX, helping customers save technical costs or learning costs, so that they can play their core advantages.

Why can CoinSwap.io realize Decloud on a decentralized blockchain? It is because the AMM automatic market maker mechanism can naturally merge and share the liquidity of all exchanges. On CoinSwap.io, you can create a DEX by creating a super node and get a 40% handling fee reward and mining platform coin rewards.

You may be wondering, what is the difference between Decloud (DEX Cloud) and CEX Cloud and Cloud? Please read on to learn the main differences between them.

The difference between DEX cloud and CEX cloud

The main differences between DEX Cloud and CEX Cloud are as follows:

Next, let’s briefly introduce some differences between the main solutions of CEX Cloud and DEX Cloud, as shown in the following table:

Similar to Binance Cloud, Huobi Cloud, and Ouyi Cloud, CoinSwap.io also provides exchange technology and depth sharing to customers. However, Binance Cloud, Huobi Cloud, and Ouyi Cloud provide centralized exchange technology, while CoinSwap.io provides decentralized exchange technology. CoinSwap.io shares transaction fees, mining revenue, etc. with customers, and co-governs with customers through DAO. However, Binance Cloud, Huobi Cloud, and Ouyi Cloud do not share transaction fees or mining revenue, nor do they share co-governance rights with customers.

From this, we can see that CEX Cloud is just co-construction, while CoinSwap.io's DEX Cloud embodies the metaverse concept of co-construction, sharing, and co-governance. CoinSwap.io's DeCloud introduces the metaverse concept of co-construction, sharing, and co-governance into the DEX field, pushing DEX into a new era and depicting a metaverse of crypto asset trading for crypto traders. This is the value and significance of DeCloud.

How is the CoinSwap.io metaverse constructed and what can you do here?

Please enjoy your journey into the Metaverse at CoinSwap.io

By becoming a node or super node of CoinSwap.io, you can enjoy a unique NFT digital identity.

With your own NFT digital identity, you can enjoy a virtual journey in the metaverse of CoinSwap.io, where you can trade or mine crypto assets, migrate liquidity, check assets or market conditions, and earn money while playing.

With your own NFT digital identity, you can build your own Dex through Decloud (without knowing the code), and even use your own independent domain name, to contribute to the development and improvement of the CoinSwap.io metaverse ecosystem, and then share mining income, commission income, etc. based on your own contributions.

With your own NFT digital identity, you can contribute your suggestions for the ecological development of the CoinSwap.io metaverse through voting with CoinSwap.io's platform currency COINS and become the master of the CoinSwap.io metaverse.

These things are just an appetizer provided by CoinSwap.io. Later, I will serve you a feast to help you do more interesting and profitable things in this metaverse of crypto asset trading. Young people, every extra penny in your hand will increase the power to determine your future destiny. Go explore and make money.