What is Nulswap? A Brief Introduction
We’re excited to introduce Nulswap, the first DeFi project in NULS Blockchain.
Considering the popularity of DeFi and the growth of DEX on Ethereum, users and developers are limited by high gas costs and slow transactions. Nulswap commitment to solve these problems, improve issues of centralization, capital inefficiency and liquidity segmentation using the Multichain capabilities of NULS Blockchain.
What is Nulswap?
Nulswap is a fully on-chain, decentralized exchange running on NULS, a high-performance, scalable and crosschain public blockchain.
As the newest addition to the NULS ecosystem, Nulswap will be at the core of NULS’s push into the decentralized finance (DeFi) space by allowing users to trade NULS, Multi-Assets and NRC-20 tokens on the NULS blockchain for the first time.
Built from the ground up, Nulswap uses a constant product automated market maker on top of a permissionless liquidity protocol, like Uniswap.
Users can trade digital assets directly on the NULS blockchain from their wallets (Nabox wallet), or add tokens to a liquidity pool to passively earn from transactions fees.
Why NULS Blockchain?
Being one of the most capable blockchains, with features that rival, or exceed the capabilities of Ethereum and other competing platforms, it is widely predicted that the NULS Blockchain is on the spire of a massive wave of innovation.
As a platform that features dramatically lower fees than Ethereum, near-instant confirmation times, extreme scalability and energy efficiency, as well as in-built interoperability capabilities combined with an innovative POCM fundraising application, NULS has the capacity to impose itself on the market and be one of the biggest projects in the market.
What does Nulswap mean for the NULS Blockchain?
Nulswap represents a crucial pillar to help the NULS Ecosystem grow and take the next step in the Defi world.
Being the first DeFi project in NULS, it may drive the development of more projects around Nulswap as we saw it happen on other networks, and it is the missing piece to interconnect Nerve Crosschain solution, NULS and POCM to attract more people and projects to the network and facilitate exchanges between them in NULS Blockchain.
Nulswap represents a crucial pillar to help NULS Ecosystem grow and take the next step in the DeFi world. As the first DeFi project in NULS may drive the development of more projects around Nulswap as we saw happen on other networks. Nulswap will provide the missing piece to interconnect Nerve Crosschain solution, NULS and POCM to attract more people and projects to the network and facilitate exchanges between them in NULS Blockchain.
All projects built on NULS and projects from other blockchains supported by NULS will be able to open Liquidity Pools on Nulswap without asking permission and freely. Nulswap eliminates the need for POCM investors to leave the network to exchange the projects listed in POCM and presents a reliable and cheaper alternative for POCM projects to present to their investors.
What makes Nulswap special?
- Faster and cheaper: Nulswap leverage the efficiency of the NULS Blockchain to achieve transactions magnitudes faster than Ethereum and gas fees which are a fraction of the cost.
- ALP — Automated Liquidity Provider: Nulswap innovated by creating a mechanism for adding automated liquidity to all Pools.
- Share fees: All swaps in the pools generate fees, and part of these fees will be distributed to all Nulswap stakers.
- Multichain Assets: Nulswap supports any Assets from other blockchains such as Ethereum, Binance Smart Chain, Huobi, Okex, among others.
- Stake: Nulswap tokens can be staked to generate Nulswap tokens or other token projects.
- BuyBack: There are two buyback mechanisms coupled with Nulswap Pools:
A) Liquidity pools, in an automated way, will use a part of the transaction fee to buyback Nulswap and Share to stakers (related to Point 3).
B) The ALP provides automated liquidity to the liquidity pools, when it reaches a certain liquidity threshold, sufficient to make a pool healthy, the ALP will no longer provide liquidity and will buy back Nulswap (related to Point 2).
It is with great pleasure that we have developed on NULS blockchain the next-gen decentralized exchange, not just an AMM DEX but an AMM and ALP DEX to provide a more autonomous system that ensures over time the liquidity in the Pools consequently acts as liquidity insurance to defend against rug pulls, Nulswap token and the Nulswap Dex will be forever correlated through implemented mechanisms and where everyone has the benefit of participating, whether by HODL or by taking advantage of Nulswap features.
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