Broxus, a leading developer of the
FreeTON project, has unveiled the second version of their FreeTON DEX,
TON Swap. The update consists of a reworking of existing features, an
expansion of functionality and available information and the addition of
key new features.
The FreeTON project has been busy
this summer, expanding the offerings it has for users, working to bring
in and support promising, fledgling projects, and making inroads
throughout the DeFi industry. The latest update, consisting of an
overall of the Broxus-powered TON Swap
DEX, is perhaps the most significant due to the enhancements that have
been made to the exchange’s user experience and the groundwork that has
been laid for the platform to grow into a launchpad for other projects
in DeFi.
FreeTON started just over a year and a
half ago when work on the Telegram Open Network was halted by a court
order. A community of people that had studied the technology developed
by the Durov brothers decided that, rather than letting the blueprint
remain unfulfilled, they would work on it and further develop it
together, taking a grassroots approach to funding and implementing a
decentralized form of governance.
The result is what the FreeTON
project has grown into, one of the most technologically impressive
platforms, still in its early days of maturity, but already offering
glimpses of the potential it has to shake up the DeFi space. With
unparalleled scalability, remarkably cheap transaction fees (they are
typically less than .001% of the transaction), stalwart security and a
merit-based token distribution system, it is little wonder that a robust
community has already flourished around the project.
This summer has been crucial for
FreeTON as developers have unveiled a bevy of new products and refined a
number of existing features. Broxus, one of the leading development
teams working on the project and a member of the FreeTON DeFi alliance,
launched the first of a planned series of FreeTON bridges, linking TON
to Ethereum. The bridge highlights just how useful FreeTON can be as it
allows users to make transactions with ETH without having to deal with ridiculously high gas fees.
In addition to the bridge, Broxus has
also developed a TON Crystal wallet, started the Crystal Handshake
Program which identifies and supports promising startups in the DeFi
space, and launched a FreeTON DEX called TON Swap. Now the team has
completed an overhaul of the TON Swap DEX, making it much easier to use
while also beefing it up with great new features.
In addition to a frontend rewrite,
TON Swap users will now be able to take advantage of a revamped token
tab that provides real-time and historical data on all the tokens
supported by the exchange, including:
- Names
- Prices
- Price changes
- 24-hour trading volume
- Liquidity
- Commissions
There is also a trading pairs tab with real-time and historical data on trading pairs, including:
A list of all pairs
- 24-hour and 7-day trading volumes for all pairs
- Total value locked metrics
- Liquidity
- Commissions
The second version of TON Swap also
features the beta version of the FreeTON Token Constructor. This is a
groundbreaking new feature that will allow FreeTON to serve as a
launchpad for projects looking to create and launch their own tokens.
The tokens will be tip-3 tokens powered by TON Swap and will give
creators the opportunity to easily create their own DAOs and independent
protocols.
With community cooperation and
transparency as central tenets of the FreeTON philosophy, the developers
from Broxus have continued the project’s tradition of involving
everyone in the development process by making the frontend of TON Swap
open source. Interested parties can check out the project specs here.
About FreeTON:
FreeTON is a fast, secure and
scalable network with near-zero fees, which can process up to a million
transactions per second thanks to its unique dynamic sharding
technology. As a development built off of the Durov brothers’ original
TON concept, the FreeTON blockchain is designed to facilitate the
widespread adoption of decentralized solutions by millions of users
through an unprecedented combination of reliable security,
industry-leading scalability and decentralization. The ecosystem
features a number of products, including a DEX and bridges with other
blockchains.
source link : https://news.bitcoin.com/freeton-unveils-ton-swap-2-0/
