NCOG DeFi DECENTRALIZED EXCHANGE (DEX) - NCOGSWAP

NcogSwap DEX forked from Uniswap with bridging solution to ensure cheaper transactions. NcogSwap's development comes in tandem with the NCOG DeFi protocol - vigorous and foolproof. NcogSwap will be an answer to the many problems that have been plaguing the DEX niche of the DeFi industry since their inception. With NcogSwap, users will be able to trade assets and invest in crypto coins with an absolute peace of mind.

In the current scenario, despite trying to keep up with technology, centralized exchanges have lost their charm. The stringent regulations and the compliance issues that come with them are posing striking inconveniences. Meanwhile, some Centralized Exchanges (CEXes) have to deal with pernicious security breaches (hacks), while others like BitMex and Okex are still struggling with legal compliance. However, the fact remains that many decentralized exchanges have been unable to showcase the sophistication of traditional financial markets, bringing together investors, traders, speculators, and the ever-increasing number of crypto assets. The Crypto market offers the mainstream mass something to look forward to every day. It offers little opportunity to trade assets on time.

The seller and buyer have to agree about the price before making their purchase or sale. Interest rates are disproportionate to the supply and demand in the market.

Despite the near-perfect theories on paper, when it comes to its application, most decentralized exchanges fail. Productive investments rarely happen, creating a negligible profit.

To carry out exchange operations, users do not need to create an account on the exchange, go through the KYC procedure and trust their funds to third parties. All the user needs to do is connect the browser wallet (e.g., Trust Wallet), select the exchange direction and make a transaction. Next, the Smart Contract will automatically execute the swap.

NcogSwap is an attempt to work around the performance restrictions of smart contract blockchains. Before AMMs came into prominence, decentralized exchanges attempted to use a classical order book mechanism. However, they suffered from liquidity issues and this was especially problematic for market makers and the liquidity providers on order book exchanges.

“Making” a market typically requires constantly adjusting buy and sell orders to the latest price, even if they do not get filled. When each submitted order costs money and time, they may lose more than they gain from the bid-ask spread, which is the difference between the highest offered buy price and the lowest sell price. It is important to note that there is no manual token listing on NcogSwap. Tokens are listed automatically in a decentralized fashion without the intervention of anyone. Every information and transaction is recorded on-chain and is available for everyone to verify and use.

The tokens supported and listed on NcogSwap will be on par with the standard criterion set by NCOG DeFi. Eligible projects need to follow these conditions:

• Have pre-locked tokens

• Have pre-locked liquidity

• Have a passing protocol

• Have completed Smart Contract audits

However, it is notable that the requirements for listing on NcogSwap are not limited to the above conditions. With the emerging popularity of liquidity pools, NcogSwap will mark a milestone in the DEX revolution and offer traders a simple way to buy and sell assets at the best price possible across all DEX liquidity sources.