Chainlink-Powered Crypto Set to UNITE All Blockchains

Chainlink-Powered Crypto Set to UNITE All Blockchains | ChainSwap

chain link and circle are two of the
most powerful forces in crypto today
building some of the best products you
know it’s been many many years that
we’ve been working on this focused on
onboarding the masses this concludes our
demo of the Circle Cross chain transfer
protocol and making transactions
interoperable and easy to use and
realistically ccip can be a very
important resource for that today I want
to take a look at a newer crypto
protocol that’s using chain link and
circles product
it’s called chain Swap and in order to
have the best tech the most secure Tech
it’s powered by chain links ccip as well
as integrated with circles
cctp again in order to have the best and
most secure user experience chain swap
is sponsoring today’s video and to be
clear while they have no direct
affiliation with chain link to company
or Circle to company just like the
ethereum ecosystem or the Bitcoin coin
ecosystem or the Solana ecosystem we’re
seeing more and more protocols choose
the chain link ecosystem and circle in
order to be a part and deliver quality
so what is chains swap chain swap is the
first Private decentralized Exchange
built in the chain link ccip ecosystem
so think of them as a decks only with a
bigger focus on Cross chain
interoperability and anonymity and how
that affects you it allows you to to
swap different assets on different
chains while maintaining a little
privacy and now also within the same
chain our int chain swap is now live
making it your go-to One-Stop dap for
all trading the blockchains being
offered at the moment are Avalanche
ethereum base BNB chain arbitrum Etc
with more being added they are
integrated with chain links cross chain
interoperability protocol I think ccip
isn’t really fully understood yet by
many people a big reason they chose this
is for the security when you’re swapping
assets I’ve noticed this sometimes
happens when you have very security
oriented features the Innovative
protocol boasts level five security
through its decentralized network with
an added risk management Network
allowing for the seamless transfer of
both data and tokens between blockchains
I loved the 60c clip of the chain link
team talking about why CCI p is more
secure why it’s the solution to the
hacks we see today that isn’t fully
understood
yet what we predict will happen with
ccip is that we’ll be able to have value
flow freely from one blockchain to
another securely
safely and five out of 10 of the biggest
crypto hacks of the past this is without
ccip or Bridge hacks we take no
shortcuts here we have a defense
in-depth strategy we’re using the same
time tested node operators and
infrastructure that have secured our
data
business this is how all systems that
move value work today they require a
deeper understanding of what they’re
doing in order not to lose value in
order not to do the wrong
thing and none of these other Bridge or
connectivity systems have from what I
can
tell to everyone that we show the level
of security that provides they all
agreed that is the highest level of
security they’ve seen any cross chain
system so that’s why chain swap chose to
integrate with ccip for their
cross-chain Swap and also circles
cross-chain transfer protocol the
cross-chain transfer protocol is
bidirectional connecting any two chains
that it is supported on here we’ll
transfer usdc from ethereum to Avalanche
this allows users to swap usdc across
different blockchains and cctp
prioritizes security by utilizing a
reliable burn and mint mechanism
mitigating risks associated with
traditional Bridge hacks to recap we use
the protocol to burn 5,000 usdc on
ethereum and mint it as usdc on
Avalanche so that’s the benefit of
chains swap using cctp this video is
just a jumping off point an education on
what chains swap offers and while again
they have no official affiliation with a
company as we watch these quality
blockchain ecosystems grow like the
chain link ecosystem I think we’ll see
some of the cream rise to the crop the
ones that are actually being used and
like I said this one is newer it is
being used notice the stats from today
versus the exact same stats from about
one week ago since our last update chain
swap has surged past 1.2 million in
Cross chain swap volume with over 680
unique users and over 780 trades looking
at about a week later today this is now
over 810 total wallets over 1.8 million
in total cross chain swap volume and
over 1,070 plus total trades so cool did
see the growth looking at the DAP right
here as you can see basic swap
functionalities same layout like you’d
see a Unis swap or a sushi swap we also
have the Privacy swap feature that is
not active yet it is coming and of
course as more of that functionality is
added that should amplify the volume
exponentially so looking at the road map
for phase one laying the foundation we
see live cross-chain swaps that’s
already live that’s active we know that
same chain swaps which is effortlessly
exchange tokens within the same
blockchain that recently got added
that’s live as well the revenue share
has also launched that’s where 25% of
the revenue goes to eligible holders and
then 75% goes to buy back and burn Phase
2 would be next that’s enhanced
functionality a big one will be the
dispersion technology unveiled that is a
secure and efficient way to distribute
your tokens we see that button right
there next to privacy Swap and then of
course privacy swap will be launched
That’s unleashing The Power of private
token swaps for the public phase three
continuous Improvement a big one being
accessibility tools released for
utilities that’s integrating with
telegram for convenient access to chain
swaps utilities I personally think
telegram is going to be huge this cycle
just because it already has a built-in
crypto audience and it is now easier to
integrate so for me I think that’s
really interesting and then just added
functionality limit order capacity added
on Cross chain swaps limit orders are a
must for Traders they’ll add ens support
to make sending things easier you can
just send it to your ens nicknamed
wallet and that’s just the beginning
looking at the functionality of a token
and by the way in general investing in
crypto using cryptocurrency and any
capacity is always risky so always do
your own research but this is a utility
token launched with a fair and
transparent approach 100% of the tokens
they say went into the liquidity pool
with no additional minting there was no
team tokens withheld showing the team’s
commitment to transparency and Community
involvement and we can even check on
their Dex tools page contract verified
yes Honeypot no and then there is a buy
and a sell tax and why is that well they
do mention a 5% tax is applied to both
buy and sell transactions to support the
longterm viability of the chain swap
ecosystem and also like we mentioned
before there’s a 75% there’s a Dap usage
fee of 05% per transaction is also
applied and then the distribution of
those fees number one goes to buy back
and burn and number two goes to holder
redistribution again to me is this going
to be success
is this not the biggest thing to me is
will we see these numbers go up I will
keep watching definitely one of the
chainlink ccip ecosystem tokens to watch
give me your thoughts like always see
you tomorrow

What’s is ChainSwap? The Uniswap Killer using Chainlink’s CCIP? Today we partnered with ChainSwap a decentralized cross-chain asset swap platform that enables the seamless transfer of assets between different blockchains. 👍
🔵 https://www.chain-swap.org/
🟢 https://twitter.com/chainswaperc

ChainSwap is a channel sponsor.

ChainSwap has not direct affiliation with Chainlink or Circle, the companies, but are utilizing their products CCIP & CCTP.

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TimeStamps:
00:00 Intro
01:11 What is ChainSwap?
04:51 Growth & DApp
05:52 Roadmap & Token
08:27 Final Thoughts

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Disclosures of Material holdings:
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