123 Ecosystem: The Description
123 ECOSYSTEM: THE DESCRIPTION
123swap ecosystem consists of the following 6 main elements:
It is a seamless peer-to-peer crypto assets swap platform. 123swap leverages the wisdom of the crowd to create a community-governed, transparent, and decentralised ecosystem for web 3.0. It is built on Binance Smart Chain ecosystem.
123swap platform is mostly self-funded and requires governance to project. So most of the tokens will be sold during pre-sale. Equal rights will rest with the public and Venture Capitalists.
123swap gives financial control back to the people to store and grow wealth together.
123nft facilitates and supports the sale and purchase of digital art through NFT tokens ("Non-Fungible tokens"). On this platform, digital art can be sold in auctions for collectors to purchase, and the sale of NFTs unlocks new revenue streams for the users. The users can easily mint as well as swap their NFT tokens over the platform.
123yield is the first of its kind. It allows users to participate in staking and earn rewards directly on the platform. Users are able to securely stake a growing number of PoS and DPoS assets all while earning extra rewards in 123 tokens. The users can stake their 123 tokens to earn many cross-chain assets. The platform aggregates users’ staking interest and delegates assets to trusted validators on their behalf.
123yield is simple, secure, and hassle-free. Users can stake their 123tokens and receive USDT rewards every day, with no action at all required on the user’s part.
In return, the platform retains a small percentage of the yield to cover the various operational, technical, and legal costs involved.
123yield referral program: Under this program, users are eligible to receive a referral commission. Whenever a user uses another users’ link to get a stake, the latter will receive 10% of the amount staked. However, if the amount is withdrawn during a lock period of 14 days, the user will not receive any bonus/referral commission.
Multi-chain assets management has never been easier. Whether it’s BTC, BSC, ETH, or DOT, 123bridge platform has them all.
Decentralised Finance Gateway: With the fully integrated API, accessing Defi services takes no effort over 123bridge. Now users can get their job done without leaving the app.
Aggregate liquidity sources across leading DEXs
Trade across chains with one click
Freely exchange multi-chain assets
Access different blockchain networks
Bridge to Layer two networks
123swap token holders enjoy full control and ownership over the 123swap platform. They have voting and governance rights. Governance tokens are cryptocurrencies that represent voting power on a blockchain project. They are mostly integrated into DeFi projects since they need to distribute powers and rights to users to remain decentralised.
With 123swap tokens, the users can create and vote on governance proposals. By doing so, they directly influence the direction and characteristics of a protocol.
123 has put the ‘De’ in its Defi platform with its governance tokens.
Governance leads to more involved communities since users have both a reason and a method to actively steer a project’s path and direction.
Voting opens the door for discussion, and discussion opens the door for
Governance models make it easier for developers to arrive at concrete answers and implement the changes
demanded by their community.
Using both open sourced and proprietary lending protocols, the platform allows the lenders to offer direct cross-chain, multi-asset loans to users in order to earn interest on their crypto assets. Such transactions provide required funds to the borrower and help lenders to generate interest income using their crypto assets. These crypto assets can also be kept as collateral to get instant low-interest, stable coin loans.