Oluwapelumi Adejumo · 13 hours ago · 2 min read
Table of Contents
Source: VRAPUSD Chart by TradingView
Launched in 21/02/2021 by a team based in Spain, Veraswap is a a fully automated market maker token with staking and other market driving features. Veraswap brings a mix of several Decentralized Finance protocols under one platform with an easy to use (user friendly) interface.
Key Features of Veraswap Ecosystem:
- Swap – This allows users to swap or exchange two tokens on the Binance Smart Chain through its automated market maker (AMM).
- Stake – The team have made provisions for several numbers of pools where users can earn more VRAP tokens by staking their tokens. Simply earn VRAP tokens by staking in your favorite pools.
- Pools – Pools are nothing but smart contracts that implement the VeraSwap Protocol. They hold value in two or more BEP20 tokens. Each token asset has an independent weight, and can be traded against any other token in the pool.
VRAP token (VRAP) is a BEP 20 token on Binance Smart Chain. Thus, this token is guaranteed to work properly in the ecosystem. It can be used in other decentralized programs without any problems. VRAP token is a governance token of VeraSwap Protocol just like many other automated market maker protocols. The VRAP token will serve as the basis of major rewards within the Veraswap ecosystem as well a decision making for voters.