Wednesday, September 22, 2021

HurricaneSwap – The first cross-chain DEX on Avalanche

Last updated Thursday, August 5, 2021 11:30 ET , Source: Hurricaneswap

HurricaneSwap – The first cross-chain DEX on Avalanche

Beijing, China, 08/05/2021 / SubmitMyPR /

HurricaneSwap is the first decentralized cross-chain swap built on the Avalanche. Withthe innovative LP-Bridge mechanism (Roke Protocol), HurricaneSwap provides users with a high-performance and low-fees, as well as unparalleled, seamless cross-chain trading experience.

Built by a team of experienced developers and supported by Avalanche co-founder & Chief Protocol Architect Ted Yin, HurricaneSwap has garnered millions of dollars from capitals worldwide, including AVATAR, LD Capital and other leading blockchain capitals (to be announced later). The project is expected to conduct an IDO in 2021 Q3 and continue its momentum of unlocking the gates of the Avalanche ecosystem to the entire blockchain landscape.

Strengths of HurricaneSwap

As the first decentralized cross-chain multi-assets exchange built on the Avalanche Protocol, HurricaneSwap’s strengths lies in making cross-chain trading:

1. Easier - Add liquidity in just two simple steps in 15 seconds 
2. Safer - Avoid the risk of money laundering and hacking
3. Cheaper - 0.2% cross-chain fees with lower slippage

    How it works?

    All these benefits are achieved through 3 core pillars of HurricaneSwap: 

    1. Roke Protocol (LP-Bridge): Enable Avalanche users to trade popular assets of other chains without leaving Avalanche
    2. HurricaneStation: Users can add liquidity on multiple chains through HuricaneStation to earn rewards.
    3. HurricaneAlliance: Ensure the correctness of cross-chain transaction as verification node and earn rewards.

    Narrow price gap by arbitrage.

    What is the Roke Protocol (LP-Bridge Cross-chain)?

    Roke Protocol is a proprietary mechanism created by the HurricaneSwap team which is also a more advanced cross-chain method without competition in the industry.

    Roke Protocol uses an LP cross-chain bridge model which can better prevent the current problems such as money laundering and financial losses of other projects. Roke Protocol will mint an aLP from the LP on the original chain through HurricaneStation, which directly moves liquidity to the Avalanche chain. The HurricaneStations are set on different chains such as Ethereum, Binance Smart Chain (BSC) and Heco. Users can deposit their LP tokens on these stations and immediately get a minted equivalent on the Avalanche. Users of Avalanche can trade tokens on other chains freely on HurricaneSwap in a highly secure and economical model.

    The Advanced Cross-chain Solution

    HurricaneSwap represents a new paradigm in cross-chain protocols and serves an important role in the Avalanche ecosystem. The Avalanche Protocol has limited cross-chain capabilities and requires new innovative initiatives to increase further adoption. There’re more token holders of $AVAX than actual users of the Avalanche ecosystem at the moment due to challenges of trading popular assets on other chains as well as safety considerations. DeFi enthusiasts and developers want to leverage multiple chains, various pools, assets and yields, but this has to be built upon a seamless trading experience. This is exactly what HurricaneSwap can strengthen the Avalanche ecosystem. HurricaneSwap promises low fees, high speed and security in its unique cross-chain DEX.

    Stay tuned as we look forward to bringing you deeper analysis on the HurricaneSwap project!

    Media contact

    Contact: Roy Liu

    Company Name: Hurricaneswap

    Website: https://hurricaneswap.com

    Email: [email protected]

    Original Source of the original story >> HurricaneSwap – The first cross-chain DEX on Avalanche