[TALLINN, Estonia] It’s been another week full of exciting news for CoinSwap Space, the decentralized exchange (DEX) that provides a suite of DeFi products for its users. As announced by Bitquery, Bitquery will be integrating CoinSwap’s factory smart contract, allowing crypto data aggregators greater access to CoinSwap’s data and statistics.
This is a big step in CoinSwap’s growth. The project hopes to use this partnership as a springboard to secure listings on sites across the crypto sphere.
CoinSwap Space is a new DEX and DeFi suite for the Binance Smart Chain. Built as an automatic market maker, it grants users the opportunity to provide capital to liquidity pools, yield farm and stake its native CSS token.
Meanwhile, Bitquery is a set of software products that parse, index and store blockchain data in a unified way. Bitquery can provide market analytics, analysis of money flow, DEX trading and DeFi trading, and scientific research of blockchain development.
The partnership opens up a world of possibilities for CoinSwap as it allows the DEX to much easier distribute data related to the project. Projects that use Bitquery can now easily aggregate data and display statistics relating to CoinSwap. These projects include sites like CoinGecko, CoinMarketCap and BSCScan who can easily access information such as volume traded and total value locked on the CoinSwap DEX. Crucially, this development brings CoinSwap one step closer to being listed on sites such as these, as they can use Bitquery to index the data they need to display.
Simultaneously, CoinSwap will be able to gather more data about their own project. This data will be published on Dashboard and CoinSwap’s own MySpace platform. Dashboard is a service that provides advanced statistics relating to swapping and farming tokens on the DEX. MySpace meanwhile, is a service that provides users with their own personal data statistics relating to CoinSwap.
Ultimately, the partnership will grant more exposure and transparency to CoinSwap. It will provide a huge opportunity for the exchange to be listed on different data aggregators and will also provide potential CSS investors more insight into the use cases of the token.
Currently, CoinSwap already has several advantages over PancakeSwap. CoinSwap has even lower fees, able to offer trades at $0.20 instead of $0.25. On top of that CoinSwap’s CSS token has a hard cap. This means that the buy and burn model utilized with CoinSwap’s transaction fees make CSS a genuinely deflationary token. This provides a great incentive for investors to hold onto the token long term.
