Mine Digital brings you MineSwap - Mine Digital
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Mine Digital brings you MineSwap

June 18, 2021 • 
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MineSwap

Mine Digital is pleased to announce the introduction of our two new trading platforms, MineSwap and MineTrade which will be going live in the coming weeks. 

MineSwap revolves around the game-changing technology involved with Decentralized Finance (DeFi).  We’re sure most people have heard of DeFi but the various barriers to entry have discouraged many from participating.

With the help of the 0x protocol, we are breaking down these barriers for you to deliver the benefits of a Decentralised Exchange without the typical risks inherent in DeFi. In this post, we will touch on some of MineSwap’s key features and the benefits that will accrue to you. 

Custodial/Centralised Exchange (CEX) vs Decentralised Exchange (DEX)

MineSwap is a decentralized exchange aggregator with a tailor-made interface, housed within our custody. The average decentralized exchange has a steep learning curve and carries numerous risks so we decided it was necessary to provide a way for people to reap the benefits of a DEX while enjoying the protection of a centralised exchange. True to DeFi, all trades are peer-to-peer and crypto-to-crypto, meaning that you trade directly to and from your wallet, retaining custody of your tokens throughout the transaction. 

Smart orders & Competitive pricing

Unlike other exchanges that only use a single liquidity source, MineSwap aggregates liquidity from a growing number of sources, including 0x, Uniswap, Balancer, Curve, Kyber, Oasis, and others. Similar to how a media aggregator works (ex. Google News or HuffPost for news, and MetaCritic or Rotten Tomatoes for reviews), MineSwap pulls pricing data from all liquidity sources at the time of your trade. MineSwap then uses an automated process called “smart order routing” to split your trade across all liquidity sources to provide you with the best price/lowest slippage possible.  As we continue to add additional liquidity sources to MineSwap, the pricing that you’ll receive will only get better and better!

External Wallets

With MineSwap there is no need for a Web 3.0 external wallet like Metamask to interact with the platform. Because we are a custodian entity we will look after that side of things for you. As we know using Metamask can be a big learning curve for a lot of users so this feature should really help people new to space.

All Your Favourite ERC20 Tokens

We can proudly say that there is no other marketplace in Australia where you’ll find the number of ERC20 tokens that can be found through MineSwap. Care is taken to curate the list of tokens so that you’ll find what you’re looking for and be confident it’s the real thing.

No Verification Process

Being a crypto-crypto swap platform, MineSwap doesn’t require you to KYC in order to use it. 

Stay Tuned

Make sure you are following us on Twitter, Linkedin and Facebook for more details on the transition to the new platform. For any questions, you might have about MineTrade or MineSwap, feel free to jump into our Discord and ask away!

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