What Is Gemswap (GSP)?
Gemswap is a decentralized exchange (DEX) designed to be highly performant and transparent to asset traders. It is built on top of the Binance Smartchain, which aims to offer scalability, solve liquidity problems while offering fast transaction and cheaper fees.
Centralized exchanges (CEX) are traditional exchanges, powered by an off-chain system, and usually enable asset trading via orderbooks. Decentralized exchanges (DEX) are a new form of exchange that have been gaining popularity recently. Their decentralized architecture allows users to trade in a non-custodial, secured, and anonymous manner. Most popular DEXes employ an automatic-market-maker (AMM) approach to facilitate trading, as opposed to orderbooks.
While DEXes saw huge increase in usage the past few years, CEXes are still producing most of the trading volumes, because DEXes come at a price: 1) transactions are often delayed and slow, 2) most DEXes do not offer cross-chain trading, 3) user interface is more confusing, 4) advanced features like options, limits and margins, are non-existent.
Gemswap aims to be the next generation of DEXes, by solving all those 4 limitations. Taking advantage of Binance Smartchain , a blazing fast & cost-effective ecosystem, Gemswap employs intelligent algorithms and optimization techniques that make trading feel comparable to that of CEXes. Ultimately, it sets an ambitious but achievable goal to show the world that CEX is the past and DEX is the future.
GemSwap aim to the leading decentralized exchange on Binance Smart Chain, with the highest trading volumes in the market, we want to be the best we can be.
GemSwap runs on Binance Smart Chain, a blockchain with much lower transaction costs than Ethereum or Bitcoin. Trading fees are lower than other top decentralized exchanges.
Trade directly from your wallet app. Unlike centralized exchanges like Binance or Coinbase, GemSwap doesn’t hold your funds when you trade(It is Non-Custodian): you have 100% ownership of your own crypto.