The World’s First DEX Phone App Is Now Live on Android
06 January 2022 - 9:06PM
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The key to mass adoption of crypto is currently limited by the fact
that most decentralized platforms are too difficult to use. There
needs to be an interface to simplify complex, decentralized
infrastructures and protocols for the public. An enhancement of
user accessibility will break down entry barriers and take consumer
experience to the next level. In the current crypto landscape, the
major accessibility problems arise from DEXs due to their complex
OS and hard-to-figure UI/UX structure. The usage rate is growing at
an astonishing pace, but many exchanges are struggling to tap into
larger audiences new to the blockchain world. The solution to help
overcome these issues lies in taking all the benefits of a DEX and
its assets and integrating them into people’s mobile phones. We
live in a mobile-first world, so having an application exclusive
for smartphones will increase widespread acceptance as people can
leverage decentralized exchanges in a frictionless way. Fibswap’s
DEX Phone App Is Leading the Charge The current landscape of DeFi
is filled with exchanges that lack proper UI and high
interoperability. As a result, users struggle to overcome the
complexities of both centralized and decentralized exchanges. While
DEXs do have the upper hand over CEXs with more privacy, complete
ownership, and security, it involves a learning curve. With a
mobile application, users can avoid complex steps while using
different service providers for a simple token swap on DEXs. This
is where Fibswap is filling the gap and solving an industry-wide
problem. Fibswap, a multi-chain exchange, has developed the world’s
first Android DEX application to simplify DeFi for everyone. The
platform’s interface is user-friendly and will separate users from
sophisticated onboarding steps. The new DEX solution also has an
integrated wallet, making the swapping process more streamlined for
investors and traders. In addition, the app will give users direct
access to their crypto assets. Interoperable System of Fibswap
Makes the Android App More Desirable A mobile application will
certainly be a superior choice for users when using a decentralized
exchange. But will it be faster and multi-chain compatible?
Fibswap’s DEX app has a unique interoperable multi-chain bridge
system (IMBS) that makes trading 99% faster and allows traders to
bridge between two blockchain networks. At the press of a single
button, Fibswap users can execute swaps in under 10 seconds at low
fees by using its utility token, $FIBO. Also, it requires no
additional technical expertise. Users can operate in the same way
as they do with single-chain DEXs like Uniswap and PancakeSwap. In
terms of security, the Fibswap app provides a reliable platform
that keeps users’ funds secure and removes the external
vulnerability by conducting vigorous audits. So the application has
got everything covered to help DeFi reach masses with zero
restrictions. Fibswap’s Flagship App Will Be a Game Changer
Fibswap’s mobile application is an extension of their current DEX
and this should increase crypto accessibility for mainstream
public users. Mobile-only users can directly access their preferred
blockchain network and tap into all available assets using FibSwap.
As the cost of entry is significantly low compared to other
exchanges, the multi-chain ecosystem is now open to all types of
DeFi users. The app will launch on Jan 4, 2022, and an IOS version
will be released soon after. This could initiate a massive wave of
public interest towards mobile-based DEXs, and Fibswap’s flagship
app will be the one to take over.
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