Coinranking
ICPSwap is a decentralized exchange (DEX) built on the Internet Computer Protocol (ICP) blockchain that enables users to trade various tokens without the need for intermediaries or centralized entities. Founded by the DFINITY Foundation in 2021, ICPSwap aims to create a decentralized network capable of running smart contracts, hosting websites, and providing data storage and computing services. The platform offers features like token swapping, staking, and yield farming, allowing users to swap tokens, stake ICPSwap tokens (ICPST) for increased earnings and governance participation, and engage in yield farming by providing liquidity to specific token pools.
ICPSwap operates on a special token architecture using the ICP token to cover transaction costs, provide liquidity, and facilitate platform growth. Additionally, the ICPSwap token (ICS) simplifies platform transactions, covers transaction costs, and supplies liquidity for trading pairs as an ERC-20 token on the Ethereum network. ICPSwap stands out for its user-friendly interface, privacy-focused approach, and support for wrapped Bitcoin with DeFi features, enhancing trading flexibility and ease for users. The platform's design allows for real-time price charts, order books, and trading histories, along with customization options like dark and bright modes, language selections, and various chart types to enhance user experience
