Cardano has seen dramatic improvements over the past year. The Cardano blockchain was secure and scalable following the Alonzo hard fork in September. Smart contract capabilities were added and many projects were launched within the Cardano ecosystem. Bashoswap is one example.
Bashoswap is a Cardano based decentralized exchange (DEX) that will enable permisionless exchanges between ADA and other Cardano-based crypto assets.Bashoswap will be holding it’s second AMA on Cardanodaily, A Cardano focus community to shed more light on the Visions and the bashoswap development progress.
Beri Ardas founded the company. She is a blockchain entrepreneur and has been supported by a team that includes a full stack developer team. With the current Milkomeda Mainnet launch, the Bashoswap team is already exploring the opportunities of building a Multi-Chain DEX that will make it possible to swap Ethereum & Binance based tokens on Cardano.
Bashoswap will use Milkomeda to bring together functionalities from other blockchains, such as Uniswap/Pancakeswap, and repurpose them for Cardano.
Bashoswap according to it’s White paper is developing disruptive DApps and protocols for the Cardano ecosystem that will include a permissionless on-chain staking, LP toking, lending and governance protocols tailored specifically for the Cardano ecosystem that will be powered by the BASH token, $BASH, Bashoswap’s utility token, can be used in various ways by the community, including Staking, Farming BASH token, and governance.
Cardano tokens may be swapped and liquidity can be added in order to generate LP fee. A launch pad for Cardano startups can be found at platform launch.
Early adopters can join Bash’s Private token sale round to be whitelisted to get hold the bash-swap utility token before it goes public.
Bashswap Private round whitelist page is available to interested users.
Bashoswap is a Cardano native, 100% scalable decentralized exchange and automated marketplace maker protocol on Cardano Blockchain.