Cardano’s multi-chain DEX BashoSwap takes the next step towards interoperability by launching on Milkmedia’s sidechain. A testnet of the decentralized exchange is about to go live, and the private sale of $BASH is on the horizon.
Cardano is a robust blockchain ecosystem with an innovative EUTXO model.
This model makes the network attractive to developers looking to launch next-gen dApps and products.
The Bashoswap team uses Cardano as the top blockchain for its Automated Market Making (AMM) protocol, decentralized governance, IDO launchpad, and novel features.
Bashoswap uses self-enforcing smart contracts running on the Cardano blockchain.
These contracts allow for token swaps between participants and provide enhanced liquidity for tokens to thrive. Bashoswap Lead Developer J3di Blue highlighted the project’s plans and goals during an AMA with Cardanodaily:
“We have set realistic goals for this year, starting with our release of a 100% secure and scalable DEX on Cardano.”
“Also this year we will introduce the DEX features like token mining, a launchpad and a Cardano native staking platform.”
“Some of these features are already under active development and progress will be regularly updated on our social media channels.”
The expansion of the Milkomeda testnet offers a bright future for multi-chain operations.
Milkomedia is an Ethereum Virtual Machine (EVM) compatible sidechain that allows developers to achieve cross-chain compatibility between Cardano and Ethereum.
Unlike other decentralized exchanges on the Cardano blockchain, Bashoswap will set up a truly decentralized, multi-chain and self-sufficient community-driven protocol, with token holders making the decisions.
This decision-making process involves $BASH, the native token of the bashoswap ecosystem. Users can leverage $BASH to drive the basho protocol, ensuring decentralized consensus at all times.
Other advantages of $BASH are:
- Early adopters play a crucial role in BashoSwap’s mission to become the leading DEX on Cardano
- $BASH holders pay lower fees when trading
- Guaranteed slots & IDO whitelist allocation for token holders
- $BASH is used to reward liquidity providers exploring yield farming options.
The BashoSwap team intends to expand its footprint shortly through synergistic partnerships with established blockchain ecosystems. These partnerships will pave the way for wider participation and acceptance.
Initial sale of bash tokens
The $BASH token will shortly go through an initial private sale phase. Institutional investors interested in participating in this sale can contact the Bashoswap team by sending an inquiry to [email protected]
About Bashoswap
Bashoswap is a decentralized exchange built on the Cardano blockchain.
This project intends to shine a spotlight on Cardano-based projects that will directly impact the Cardano ecosystem.
Bashoswap will partner with other existing projects on various blockchains including the AMM, Unicrypt, PancakeSwap, Staking and LP token locking model on Uniswap to revolutionize the DeFi space and create DeFi apps based on based on the $bash token.
Behind the BashoSwap project is a team of experienced developers and project managers.
The core founding team consists of developers and crypto enthusiasts with a deep understanding of native assets, smart contracts on Cardano and the entire blockchain ecosystem.
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