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Dubai, United Arab Emirates – (Newsfile Corp. – December 27, 2021) – On January 4, 2022, FibSWAP will release the first DEX (decentralized exchange) as a phone application on Android devices. This phone application will be a DEX that can support tokens from different blockchains similar to the functions of your existing DEX.
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The phone application will serve as an extension to their current DEX with a new wallet that people can use to store all of their tokens.
Decentralized exchanges are complicated and notorious for poor user interfaces and experiences, and are not interoperable with other chains. If a person wants to exchange an ETH token for a BSC token, the easiest way to do this is through a central exchange. Associated with this is a much higher level of trust.
With FibSWAP DEX, the user interface and experience are much more user-friendly, and users can now buy and exchange tokens from different chains such as ETH to BSC or Polygon to Fantom. Now they are bringing their decentralized platform together with a new wallet function into a seamless application on the first Tuesday of the year 2022.
This would be the first time that a decentralized exchange has been integrated as an application for a telephone. This is a monumental step in the crypto industry as people could now have direct access with their phones, eliminating the need to work on a desktop device to use a decentralized exchange.
People can download the FibSWAP app from the Google Play Store on Jan 4th.
FibSWAP has developed a new type of DEX, the Interoperable Multi-Chain Bridge System (IMBS), which uses FibSWAP’s smart algorithm to streamline cross-chain token swap. Users can use the bridge to swap tokens from one chain to another in a seamless and instant transaction.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108529