Lumenswap is an open-source client for the Stellar network that allows you to swap and trade assets on the network using a friendly, minimal interface
Lumenswap, a decentralized exchange for the Stellar network allowing its users to swap and trade assets on the network using minimal interface, would soon launch a new version enabling more trading with less transaction fee to broad-base the system.
The CEO of Lumenswap announced about its soon-to-be-launched DeFi ecosystem to facilitate more trading with the least possible transaction fee. The company CEO made this announcement in his latest official statement on Monday.
Making this corporate announcement here, the Lumenswap CEO Jed McCaleb said the company is simplifying the system of trading on digital assets, quickening the swapping with least possible interface.
“We aimed at making a dedicated ultra-sophisticated App that would facilitate this process. Lumenswap will help our customers swap their trade assets easily with minimal interference on the Stellar blockchain.,” Lumenswap CEO added..
The sources from Lumenswap also added that they will prioritise the key elements of transparency in the decentralised financial network to guarantee the security of data and transactions.
Lumenswap is a decentralized exchange and open-source client for the Stellar network that allows you to swap and trade assets on the network using a friendly, minimal interface.
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In the cryptocurrency market, one of the most important factors is the initial and original creator of the coin. Lumenswap, which helps the traders and businesses make their transactions using the stellar network, is also affected by the people’s viewpoint on the head of the Stellar network. Jed McCaleb and Joyce Kim are the original founders of Stellar network and its coin which was initially called Stellar. With Jed McCaleb having worked on the development of the cryptocurrencies for a long time (previously working with Ripple Labs Inc to create Ripple), we can make sure of the founders.
As you know, banks and organizations use Ripple widely to transfer money, but Jed McCaleb devised XLM especially for traders among individuals. This has allowed more and more traders to use cryptocurrencies in their daily transactions.
Lumenswap, being a client of Stellar, follows similar rules as Stellar. At first glance, Stellar seems very similar to the traditional system of banks, following some similar rules, but there are critical differences when we get deeper into the subject. Stellar, using a decentralized system, has faster and cheaper (in terms of fee) transactions than many other platforms.
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