California, USA, 30th May 2023, ZEX PR WIRE, Oscarswap is a decentralised exchange (DEX) that utilises automated market-maker (AMM) technology (DEX built on the Ethereum layer-2 Arbitrum). With the lowest cryptocurrency switching costs available, very profitable yield farming payouts in THREE coins (ETH,OSCAR/USDT), and compounding staking incentives, it is the perfect option for anyone looking for passive income.Unlock the Opportunity to Capture the Entirety of the 100% Protocol’s Generated Revenue.
It is a DEX by the people for the people!!!!
Oscarswap leverages a unique blend of an off-chain orderbook and an on-chain automated market maker, resulting in a harmonious fusion of decentralized and centralized exchange functionalities. This innovative approach, grants the platform trading speeds that outpace traditional decentralized platforms while rivaling their centralized counterparts.
“If you are a market maker, you have the opportunity to provide liquidity similar to a centralized exchange. Simultaneously, in the background, we can empower retail traders by enabling them to access liquidity through automated market makers (AMMs).”
The market tends to be predominantly influenced by momentum, as it is driven by a sense of FOMO (fear-of-missing-out) and the inclination of individuals to follow the crowd when entering trades. Such behavior is an inherent characteristic of the market.
What Oscarswap is Offering ?
- Verified Profit Return
- Wallet-friendly fees
- Convergence trading Bot
- Oscar Shield
- Cross Chain Layer 2 Bridge
- Farming/Staking Pool (Reward in 3 diff currencies)
Learn more about the Oscarswap features here: Documentation
Comparison between Oscarswap and Arbidex
Let’s explore the contrast between the two:
Yield Farming APY:
|Oscarswap is a relatively newer project with 2-3X more returns and ample room for advancement and versatility. The reward will be paid to users in 3 different currencies ETH, OSCAR and USDC.||The prominent competitor of Oscarswap: Arbidex is heavily populated due to which the returns already have decreased.|
Focus and Purpose:
|It offers users a comprehensive gateway to the world of DeFi, with features such as asset swapping, yield farming, NFT trading, and bridging assets between different networks. It aims to provide a holistic and streamlined experience for users.||The primary objective of Arbidex is to enable users to maximize their trading profits through arbitrage strategies.|
User Friendly Mobile App:
|Oscarswap android mobile app is where users can use a cross chain bridge to swap their assets from one chain to another, they can also use speedy and efficient DEX to swa. Though staking and farming will be live in our next version. Download||N/A|
|OscarSwap offers a range of services, including asset swapping, yield farming, NFT trading, and bridging assets between networks. It also emphasises automatic token whitelisting, simplified steps for bridging, and a seamless network transition for a user-friendly experience. Additionally, it diversifies farming returns into major coins for balancing rewards.||It integrates with various exchanges and aggregates liquidity to enable users to exploit price discrepancies and execute trades at favorable rates. Arbidex aims to streamline the process of identifying and executing profitable arbitrage trades for its users. Moreover, it provides farming returns in two coins.|
Security and Safety For Community:
|Oscarswap believes in security and safety, our smart contract is audited by leading firm CERTIK & SolidProof. Furthermore we have passed KYC to ensure community confidence in the KYC badge.||Audited by standard audit firms.|
Governance and Decision-Making:
|It implements a governance protocol where users can vote on important decisions such as token allocation, feature introduction, reward allocation, and vesting periods. It utilises time-locking and a multisignature wallet to ensure transparency and community involvement in decision-making.||While Arbidex does not specifically highlight governance as a core feature, it may have mechanisms in place for decision-making.|
Comparison between Oscarswap and Uniswap/Sushiswap
Both Oscarswap and the other two DEXes (Uniswap and Sushiswap) charge their users a significant sum as transaction charges. However, they have a prominent difference in reference to giving back to the community. Both Uniswap and Sushuswap do not give direct benefits in return for the hefty transaction fees.
Oscarswap, introduces the revolutionary concept of earning 100% of the revenue generated by the protocol, making it the first DEX to offer such a feature. By providing liquidity with the $OSCAR token, users can earn real, liquid cryptocurrencies generated by the protocol itself, adding significant utility to the token.
Details of the Presale
The presale will be live on Pinksale on 2023.05.30 16:00 (UTC). The softcap for oscarswap FL is 50 ETH. And the official listing price of the $OSCAR token is $0.016, and the team expects to reach the price of $1, which is easily attainable and realistic, based on the features and functions that $OSCAR offers.
The funds collected at the Presale, will be distributed optimally. 60% of the collected funds will be used to provide liquidity and 30% will be directed to the Treasury and Insurance fund to protect the community using insurance pool, marketing for great exposure and development of upcoming features.
Social Media Links:
Mobile App: https://play.google.com/store/apps/details?id=com.oscarswap
CertiK AUDIT: https://skynet.certik.com/projects/oscarswap
REDDIT : https://www.reddit.com/r/Oscar_swap/
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No The Money Fly journalist was involved in the writing and production of this article.