March 8, 2022– Bashoswap, a Cardano-based project, announces the launch of development of its innovative features as the ecosystem begins the private sale of its native $BASH token.
Bashoswap intends to provide an IoT launchpad and decentralized exchange platform to help connect Cardano developers and early community members of the ecosystem, enabling pooled liquidity and adding various features unique to the platform.
The main features of Bashoswap are the IoT dashboard and the DEX platform. Bashoswap intends to launch a scalable IoT launch pad on the Cardano network.
As a result, members of the Bashoswap community could invest and trade high-potential DeFi projects.
Bashoswap observed the difficulties that most individuals face when trying to trade tokens on Uniswap due to high gas costs, slow transaction confirmation times, and overlapping liquidity. As a result, the ecosystem uses the scalability of Cardano to create highly efficient decentralized solutions.
According to its whitepaper, Bashoswap’s IoT launch pad would help provide liquidity to innovative blockchain projects that are struggling to raise funds by connecting them to a dedicated and passionate community.
It is also important to note that native Cardano tokens will be fully supported on the Launchpad, as will a set of powerful DeFi technologies essential to the success of Blockchain businesses on the Cardano chain.
Additionally, as stated in the Bashoswap white paper, one of the goals of the bashoswap project is to have a token exchange protocol, which will be accomplished by combining native Cardano deposited and ADA tokens into a virtual pair using the MA technology.
Additionally, liquidity providers will be able to select a pair of pools to benefit from the best LP fees to support permissionless exchange of tokens through a liquidity/exchange mechanism.
The entire ecosystem is powered by $BASH, the native token of the Bashoswap ecosystem. The BASH token will be used on the network for staking, farming, and governance.
The governance of the platform is structured so that the Bashoswap community can administer and manage the ecosystem by voting on crucial business decisions.
It should be noted that the project is currently conducting its private sale whitelist for early adopters and community members. During the private sale, Bashoswap aims to issue 100,000,000 BASH tokens, or approximately 20% of the total BASH token supply.
The project appears to be getting significant traction in terms of demand during its ongoing private sale, as more than 1,300 participants have signed up for the private sale whitelist.
To participate in the private sale and obtain Bash tokens, please fill out this form: https://bit.ly/3BubgvP.
You can also check their website: https://bashoswap.finance/ for more information.