The world is getting blockchained as every industry is taking up technology today. The introduction of Web 3.0 is making a real buzz along with cryptocurrency and NFTs. The emerging technology is creating a new revolution in the finance sector that occupies around 60% of the market value of the blockchain worldwide. People started to take up Cryptocurrency as the new today. This created a necessity for entrepreneurs to adopt white-label swap exchange development.
A study has found that the next few years will be seeing a great revolution on the planet, with blockchain as the main pillar of technological advancement. People also started using Cryptocurrencies like Bitcoin as a mode of payment for their purchases. There are also Cryptocurrency debit cards emerging in a few countries. Here is a blog curated for entrepreneurs to get insights on white-label crypto exchange platform development and the benefits of developing one.
What is a swap exchange platform?
The world of Cryptocurrency is dominated by Cryptocurrency exchanges that offer the most flexibility to the users. Swapping Cryptocurrency is a process where the users can give a certain amount of a particular crypto coin and get a different coin of the same value. This eliminated the use of fiat currency during the entire process. People can directly get hold of their desired token without crypto to fiat transactions and token migration.
Swapping platforms like Pancake swap, Sushiswap, Uniswap, etc. These platforms offer a smooth and speedy exchange of Cryptocurrency, suitable for the new users entering the crypto world. These platforms are completely decentralized in that they do not have any centralized authority to control the transactions. Instead, they are facilitated by smart contracts that are automatically executed when the given conditions are met.
White-label swap exchange development
The blockchain community is getting people’s attention from every nook and corner of the planet and experts are finding this the right time to deploy a swap exchange platform to quench the demand. Entrepreneurs these days find it difficult to take up blockchain platform development. Little did they know, it can be easy with a ready-made solution. White-label swap exchange development is something that overcomes all the challenges faced by entrepreneurs during a development process from scratch.
When you develop a blockchain platform, you will need a lot of resources, time, and money to complete the development process. The crypto world is volatile, and it is important to act quickly. Developing a swap exchange platform in a few weeks is now possible rather than developing it for months. It is also affordable and cuts down the cost to a great extent. A white-label swap exchange is a pre-engineered or pre-developed script that is tested for bugs and ready for customization. Let us say you have an idea that can do better than existing swapping platforms. All you have to do is customize this white-label clone and bring out your dream blockchain platform. A white-label clone script is extremely flexible that you can even choose the blockchain network you desire. For example, Pancake swap is a platform based on the Binance smart chain. You can develop a platform similar to Pancake swap on other blockchains like Ethereum, Cardano, Solana, etc. the time taken to customize your innovation depends on its level of complexity.
Have an innovative idea for a swap exchange platform?
Why start a white-label swap exchange development?
There are several functions in blockchain that needs a platform now. But yet, swap exchanges are highly in demand now. The following are the reasons why you should consider it.
- The crypto users are surging up, and it has been found that there are more than 300 million users around the world. This has forced entrepreneurs and crypto geeks to offer better platforms to satisfy users’ needs.
- Blockchain is dominating every industry now. Though it was founded 2 decades ago, it is an emerging technology today, and even people without any technical knowledge are showing their interest in crypto.
- Decentralized finance is taking over the traditional centralized system, and even centralized banks are moving towards cryptocurrency.
- Swap exchanges like pancake swap, Uniswap, Sushiswap are attracting several users. Cryptocurrency is not just trading nowadays, so entrepreneurs find it beneficial to launch a swap exchange platform.
Popular White-label Swap Exchange Clones Available In The Market
There are many swapping platforms in the market, but only a few make it up to a huge crypto crowd. It is important to select the clone script carefully before starting the development process.
At Inoru, our expert developers offer a wide range of clone scripts, and you can customize the features according to your ideation. We provide a flexible customization process that you can upscale the platform’s existing features as well.
Our developers are experts in building platforms on various blockchain networks, and here are some of our cutting-edge clone scripts you can consider.
Pancake swap Clone
The pancake swap platform is the most used decentralized platform, and it is attracting a huge crowd with its simple user interface. Our Pancakeswap clone, built on the Binance smart chain, is a decentralized platform based on the AMM, or Automated Market Maker, model. It allows users to gain instant liquidity directly from the liquidity pool seamlessly. The users thus contribute to the liquidity pool, and in exchange, they receive rewards in the form of tokens. Typically, the rewards are transaction fees and LP tokens (Liquidity provider) that can be staked again.
Sushi Swap is a decentralized swap exchange platform built on the Ethereum blockchain network. This functions similar to the Pancake Swap but in a more advanced manner. It provides numerous benefits such as yield farming, effective LPs for the liquidity pool, and token upgrades. It also allows for the lending and borrowing of assets against collateral, with or without interest. Its ability to yield farm while earning a high annual interest rate distinguishes it from other platforms.
Uniswap clone is also built on the Ethereum blockchain network, which uses AMM and constant product maker protocol. It is a beginner-friendly platform that has a simple and comfortable interface. The constant product maker distributes a pre-determined array of prices, while the AMM is used to eliminate the order books. The users can contribute to the liquidity of the tokens by staking them in the liquidity pool.
Our team with years of experience in the blockchain field will help you achieve your blockchain dream. Make the development process simple with white-label swap exchange development. Have a clear-cut idea on your central idea and your other platform features penned down. Stuck in the middle? We offer expert technical guidance and make sure we spark your journey in the right direction.