On Feb. 18, 2022, the CROWD token will see the light of day in the decentralized finance (DeFi) world after a fair launch auction by Gnosis on Polygon. This event is the starting signal for the implementation of a vision that has the goal to massively simplify the DeFi sector and break new ground. As a consequence thereof, the CrowdSwap team expects greater acceptance of the offers that the DeFi market currently already provides — but have not yet reached or convinced all users.Â
What is DeFi optimized?Â
CrowdSwap’s vision is the maximum simplification of complex processes in the DeFi environment. Who hasn’t been annoyed several times with being unable to use a good opportunity because the optimal decentralized exchange for a swap or the best bridge for a cross-chain transfer was not found?Â
With CrowdSwap, this will be simplified, according to the team. CrowdSwap develops algorithms that, based on the coins and tokens of a wallet (source) and a so-called opportunity* (destination), always determine the best route and the best prices. The combination of best-price routing algorithms and cross-chain communication not only enables convenient swapping directly into the desired token but also provides a larger number of pools that can be analyzed in terms of the best price.Â
With this large number of opportunities, an intelligent filtering method should not be missing. CrowdSwap will find profitable DeFi options and classify them based on risk assessment so that every user is informed of the levels of risk. CrowdSwap reserves the right to immediately block any scams with regard to its own project values. “The safety of our users comes first,” said CrowdSwap chief technology officer Vahid Hassani.Â
While doing so, CrowdSwap attaches great importance to fast execution, efficient costs and high security. In addition, the product offers an easy-to-use interface that also shows maximum transparency with regard to all costs incurred. According to the team, this…
