LONDON, Nov. 8, 2021 /PRNewswire-PRWeb/ — COO Tommy Butcher announced Centric Swap (CNS) has listed on FibSwap, a decentralized exchange (DEX) and cross-platform swap that launched earlier this year. While most DEXs and swaps are blockchain-specific, FibSwap’s Cross Swap allows token exchanges across blockchains.
“The Centric Swap listing on FibSwap will expand CNS availability beyond the Binance Smart Chain ecosystem, offering holders of tokens on Ethereum, Polygon, and Fantom the opportunity to access Centric,” said Butcher.
According to the FibSwap whitepaper, “FibSwap is as simple as choosing the network and token you’d like to swap from, then choosing the network and token you’d like to swap to and hitting a button to make it happen. If you’ve ever used Uniswap or PancakeSwap, you’ll know just how easy they are to use. FibSwap will be just as easy but much more powerful.”
Butcher said, “FibSwap’s interoperability multiplied the number of trading pairs for Centric Swap overnight.”
A spokesperson for FibSwap said, “We’re excited to introduce Centric to the FibSwap community, and to crypto investors across all of our supported blockchains.”
What is Cross-Platform Token Swapping?
For those unfamiliar with cross-blockchain token swapping, here’s an explanation.
Uniswap, an Ehtereum based decentralized exchange, is the largest and most well-known DEX. Uniswap allows users to trade one ERC-20 (Ethereum) token for another ERC-20 token.
PancakeSwap, another DEX, runs on Binance Smart Chain (BSC). While PancakeSwap resembles Uniswap, as a BSC-based exchange, PancakeSwap only allows users to trade between BSC-compatible (BEP-20) tokens.
FibSwap’s Cross Swap allows users to swap tokens between different blockchains as easily as swapping tokens on a single chain. The FibSwap DEX currently supports cross-chain swapping of tokens from the Ethereum,…
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