Anyswap is an open-source decentralized protocol. It was launched in July 2020. Anyswap provides swapping of coins or tokens from different decentralized platforms. Anyswap lives on the Binance Smart Chain, which is a strong competitor to Ethereum blockchain.
This article will provide you a detailed overview of Anyswap guide, working, Anyswap review, and more. Let’s dive to know it all.
What Is Anyswap?
Anyswap is a fully decentralized cross-chain swap protocol that allows the swapping of tokens from certain decentralized platforms. It supports swaps that use ECDSA or EsDSA signature algorithms. It includes ninety fine percent of active digital currency such as BTC, USDT, FSN, LTC, ETH, and more.
Furthermore, the whole procedure is powered by Fusion’s Decentralized Control Rights Management technology (DCRM). Also, it boosts Anyswap’s seamless movement of tokens among blockchains.
Who Is The Founder Of Anyswap?
DJ Qian, short for Dejun Qian, is the founder of Anyswap.
There is no information found for Anyswap investors.
Is Anyswap Safe?
Yes. According to Anyswap’s review, it is completely safe and secure for its users. The users can safely trade their tokens and coins without any hassle or risk of buying scam tokens.
What Makes Anyswap Unique?
Certain factors make Anyswap unique in its features. Firstly, it is a decentralized cross-chain bridge where users can deposit any coins into the protocol. Also, users in a decentralized way could mint-wrapped tokens. Secondly, it offers cross-chain swaps where users could instantly swap from one coin to another. Thirdly, it offers programmed pricing and liquidity. Furthermore, providers could add and withdraw liquidity into swap pairs. Lastly, Anyswap offers utility or governor tokens, unlike certain exchanges.
Is Anyswap A Good Investment?
Anyswap review suggests that it is definitely a good investment. It offers advanced technology and enhanced solutions for its users. The investors of Anyswap are massively attracted to the fast development in the future growth price. With extremely low fees of 0.4%, Anyswap makes swap transactions easier and efficient in its value.
How Does Anyswap Work?
Anyswap is an entirely open-source distributed protocol. It allows the swapping of coins or tokens from certain decentralized platforms. Furthermore, the Anyswap architecture includes decentralized applications, decentralized exchange interface, nodes, and cross-chain assets bridge.
Anyswap review states that users can buy or sell Anyswap coin or token (ANY) easily from certain exchanges. Furthermore, Anyswap guide states that it allows exchanges between coins or tokens on any blockchain that uses ECDSA or EdDSA. It includes USDT, XRP, FSN, BTC, and more. Certain platforms are also available where users can easily trade their coins or tokens.
Anyswap Yield Farming
Currently, Anyswap is running two schemes according to the Anyswap review. It includes trade and liquidity mining. Furthermore, in trade mining, for every hundred blocks proportional to their trading volumes, traders get rewarded with 250 ANY.
On the other hand, in liquidity mining, for every 6600 blocks on a pro-rata basis, 9900 ANY is rewarded to liquidity providers.
However, both of the schemes ensure that its market takers and makers get rewarded. Therefore, it leads to a constructive ecosystem of liquidity pools.
As a fixed amount is rewarded among providers, the APY gets dropped when more liquidity gets added to the protocol. Furthermore, if anyone participates sooner in farming ANY token it will lead to the generation of more yield.
Anyswap’s governance token is ANY. This token is issued for its users on the Fusion Chain. Moreover, Anyswap users who own the ANY token will be able to vote on certain issues related to the protocol. Furthermore, the team of Anyswap has announced certain use-cases. It includes a vote to add supported chains, a vote to change governance proposal rules, vote to elect Anyswap working node (AWN).
What Is $ANY Token?
As previously mentioned in the Anyswap review, ANY is the governance token of Anyswap. It enables holders to evaluate among coins to choose the specific coin suited for the Anyswap decentralized exchange. Also, on Coinmarketcap, ANY is being ranked 373. It surged recently with 12.47% and with a live market cap of USD 60,872,445. Moreover, the token carves its way to exchange cryptocurrencies with instant effect for its users.
Furthermore, unlike other cryptocurrencies, ANY cannot be purchased directly with fiats money. However, users can buy ANY coin by firstly purchasing Bitcoin from exchanges. Then users have to transfer to the exchange, which would offer to trade this specific coin.
Where Can I Buy Anyswap ($ANY) Token?
You can buy ANY on anyswap.exchange with FSN-ANY pairing. Furthermore, you can purchase Fusion chain on the Hotbit with its USDT-ANY pairing.
Follow these steps to buy ANY Token
Input your email id and then click on ‘Get Started’. For account verification, you have to make sure to provide your real name. Also, choose a strong password to avoid any online hassle. Further, you will receive a confirmation email. Then, you need to provide your mobile number to set up two-factor authentication. Also, keep it feature on to add an extra layer of security to your account.
Follow these steps to buy Anyswap (ANY) token.
There are certain other exchanges to buy Anyswap (ANY). Make sure to register on these exchanges. It includes Huobi, Bitmax, Bitmart, OKex, Bittrex.
Buy Coins with Fiat Money
After the KYC procedure, you need to add your choice of payment method. Also, you have to choose between a debit card, credit card, or bank transfer methods. Now, you have to tap on the ‘Trade’ that is on the top left. Then, choose the coin you want to purchase. Confirm your transaction.
Transfer your cryptos
As ANY is an altcoin. Therefore, users need to transfer coins to an exchange that ANY can trade. You can use HotBit as an exchange.
Deposit BTC to exchange
You will see a string of numbers as ‘BTC address’. Hotbit, is a unique public address of Bitcoin wallet. Now, you have sent this address you want to send funds to. Then, you will receive Bitcoin.
Now go back to Hotbit to buy Anyswap (ANY). Then, tap on ‘Exchange’. You will see a trading menu. Furthermore, make sure to choose ‘BTC’ in the left column. Then in the search bar type in ‘ANY’. When you move the coin click, you will see the price chart of BTC/SIF. Then select the ‘Market’ tab. After confirming everything, click ‘Buy ANY’.
7. Anyswap vs Uniswap
Below is the comparison table of Anyswap guide and Uniswap
|It is an open-source cross-chain protocol. Anyswap offers an automated pricing & liquidity system.||It is an open-source swapping protocol, which facilitates on-chain exchanges within Ethereum (ETH) blockchain.|
|Platforms supported: SaaS.||Platforms supported: SaaS, Android, iPhone, iPad.|
|It has a utility or governor token.||It does not have a utility or governor token.|
|Allows swap between BTC, LTC, FSC, ETH, XRP, USDT, FSC, BNB, BEP20, ERC20.||Allows swap between different ERC20 tokens. In addition to Ether (ETH) through an automated liquidity system.|
How To Provide Liquidity For Anyswap
The ordinary liquidity providers include Hotbit. Moreover, with other entities liquidity is provided.
Anyswap Price Prediction
The predicted Anyswap price in one year would roughly be up to USD 5.37. Furthermore, for the next five years, it would reach up to USD 15.25. And, the price prediction of ANY in the next 7 years would reach up to USD 20.
Takeaway – Anyswap Review
In the conclusion of Anyswap guide, we understand that Anyswap has become crucial in the crypto dimension. With working nodes, traders, and liquidity providers it has certainly added value to the crypto network. Through Fusion networks, Anyswap review states that it has offered secure, transparent, and decentralized swaps for its users. Also, it has paved its way, which is community-driven with the use of open-source smart contracts and governance.
Anyswap guide helps us to understand and has, however, offered a cutting edge in technology advancements. Moreover, with the expansion and attention from its users, Anyswap is worth pursuing and could outperform its competitors in the future.