What Is GigaSwap (GIGA)?
GigaSwap is a decentralized application that allows users to securely swap any asset (e.g. tokens, NFTs) across any chain (Ethereum, Avalanche, Binance Smart Chain etc) over-the-counter (OTC) between two independent parties (P2P) without any risk or need for the participation of a third party.
OTC (Over-The-Counter) trading gives users more maneuver than centralized or decentralized exchange. OTC is the next step in direct and decentralized trading. All trades are performed by the owner to the owner without being involved with a third party. Trades perform without affecting the price known on the exchange market.
Any asset can be paired to any other amount of assets. For example, an NFT can be paired to ERC20. That type of pairing is performed on the OTC smart contract on dynamic formula: x * y = k This type of OTC pair are traded without contract’s taxes.
Direct Control and Ownership
Retail and institutional liquidity is continuing to migrate toward the field of decentralized finance (DeFi), where trading takes place directly between the wallets of the seller (an individual or a contract selling an asset) and the buyer.
This is good news for cryptocurrency traders as control is shifting from central exchanges to end users, allowing for the direct control and ownership of funds and anonymity in the process, the way cryptocurrency was intended to operate.
Why DeFi?
- No high commissions associated with trading on centralized exchanges;
- There are no risks of losing own funds from a personal wallet associated with the leakage of data collected during the Know Your Customer (KYC) procedure;
- There are no limits on transactions of sale and purchase and withdrawal of cryptocurrency
- The user does not transfer private keys from the wallet to the financial intermediary, and therefore fully controls the safety of funds on his or her account
- There is no impact from failures of centralized systems and account blocking due to circumstances beyond the user’s control
GigaSwap – The Solution
GigaSwap allows the secure exchange of cryptocurrencies, NFTs, and tokens between independent parties. Transactions are carried out directly without the participation of a third party.
Put simply, GigaSwap is a decentralized application that allows unaffiliated parties to securely swap any asset (e.g. tokens, NFTs) across any chain (Ethereum, Avalanche, Binance Smart Chain, etc) over-the-counter (OTC) between two independent parties (P2P) without any risk or need for the participation of a third party.
OTC Marketplace
GigaSwap will make it easy to find trading partners and simplify the development and agreement of terms amongst parties while eliminating the frustration of crossing chains.
The GigaSwap dApp will allow its users on a verified network of traders to create listings of any asset that is on a supported chain and specify a quantity and price, either as a standalone listing or a grouping (e.g. selling multiple NFT’s). This can be listed publicly or to securely execute a previously negotiated transaction privately.
The application will combine simplicity with configurability so that the majority of circumstances are covered without making it too complicated for the simplest: I have x, you would like to buy for y, let’s do it.
Whether you’re in the day trading war room staring at monitor #4 of 9 or at the beach on a mobile device, the transactions you create and execute are guaranteed and secure.
Native Token $GIGA
The native token will serve as a governance token for future decision making. Furthermore, in the future, holders of $GIGA will benefit from the trading fees collected from OTC trades.
$GIGA will be available on Uniswap
Supply: 100 000 000 000
Round trip tax: 7% (5% development, 2% burn)
90% will be locked for 365 days whilst 10% will be locked for 10 days upon which those tokens will be used to create the OTC pair on https://gigaswap.app/
