Canadian platform

BeamSwap, built on the Moonbeam Network, is a decentralized finance (DeFi) Hub and the inaugural decentralized exchange (DEX) with an automated market maker (AMM), offering liquidity and peer-to-peer (P2P) transactions. Simply put, Beamswap looks to become the main DeFi Hub on Moonbeam, as it is able to provide a wide variety of useful services and features that can be utilised by all kinds of investors and traders.

Why choose Moonbeam?

There are several reasons as to why Beamswap has chosen Moonbeam. Firstly, it has to do with a sizable amount of funds being generated and most contributions for a Polkadot parachain being involved as well. Moreover, it combines the ease of usage of Ethereum with the strength of Polkadot, in addition to facilitating transition from various other EVM (Ethereum Virtual Machine) chains in a seamless fashion.

Furthermore, Beamswap holds the first-movers advantage and the involvement with Moonbeam includes full compatibility with tools that users are already acquainted with and utilise on a regular basis, such as Metamask, Hardhat, Remix, and more. Another reason for selecting the Moonbeam Network has to do with the integrations across many chains as well as on-chain governance along with improved scalability and relatively low gas and transaction fees.

$GLINT

Beamswap is powered by GLINT, a token which can be staked in order to receive a part of the decentralized exchange fees and can also be utilised for governance purposes and taking part in key decisions. Participation through the launchpad projects is additionally possible and by doing so the users can increase their respective allocation through GLINT. As if that weren’t enough, when $GLINT is staked in the single sided auto-compounding buyback pool, users are entitled to obtain Beamshare tokens as a receipt, which will represent their share of the pool.

The official link through which the exchange can be accessed has thus been provided, and the Beamswap DEX’s URL is also available through the official Twitter (NYSE:TWTR) and Telegram channels. Also, the IDOs with Synapse Network, Moonstarter and InfinityPad had all been successfully sold out. Other features that users can enjoy thanks to Beamswap include yield farming capabilities, Beamshare tokens, LP Locker, GLMR Faucet, an integrated bridge (where users can bridge their crypto assets from other EVM chains to Moonbeam and vice versa), limit orders, a portfolio tracker, NFT marketplace, charts, graphs, collaborations with the likes of Beaver Labs and Solidity Finance, and so much more.Important Note: Beamswap has witnessed many copycats circling around recently, so users are encouraged to ensure that they are not taken advantage of by any fraudulent endeavors or entities.

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The crypto world never stops developing its technology to provide its users with the best options in their daily trading lives. This time, NFT, metaverse, and DeFi blew the market with its overwhelming community supporters. Based on a report made by DappRadar, the Unique Active Wallets (UAW) connected to Dapp — NFTs and games attracted over 2.5M daily users by the end of 2021.

China is now the leading country that contributed most to the NFT ecosystem boom. It has more than 204,000 users with an increased rate of 166% registration since November. The United States follows China with 175,000 users with growth traffic of 38%. Indeed, these countries undoubtedly have the highest blockchain game users that attract investors globally.

Furthermore, other countries such as the UK, Russia, the Philippines, Brazil and India also contributed a lot compared to the other countries in the world. The combined traffic for these four countries surpassed 168,000 users, a volume that greatly contributed to the rise of NFT.

On the other hand, despite the bearish situation that the market is experiencing, the NFT space continues to stand strong. In fact, in Q3 2021, the NFT ecosystem generated more than $10.7 billion in trades that continue to increase and remain strong in the first week of 2022. As a result, the crypto networks that are linked to NFT such as ETH, SOL and AVAX to name a few benefits from this.

Meanwhile, the volatility of the crypto market is not a new word in the industry. However, this will not stop investors and traders from being active in the ecosystem. The NFT, metaverse, and DeFi are just some of the technologies that enable investors to still profit regardless of the market condition.