ICPSwap, DFINITY's Internet Computer's DEX, Initiates SNS Swap Fundraising

Helsinki, Uusimaa Apr 1, 2024 (Issuewire.com) - The DFINITY Internet Computer is a groundbreaking new blockchain platform renowned for its unparalleled scalability, speed, and security. It stands as the first blockchain to support native smart contracts, enabling developers to create sophisticated applications directly on the blockchain.

The SNS (Service Nervous System) plays a crucial role in the Internet Computer ecosystem, transforming the traditional project funding and governance landscape. Unlike conventional fundraising methods, SNS enables projects to raise capital through a decentralized treasury model. Funds are held in the SNS treasury and subject to approval through community-driven voting proposals, ensuring transparency and equitable distribution of resources.

ICPSwap, as the earliest decentralized exchange on the Internet Computer, has launched its SNS swap, successfully securing 229,000 ICP to date. The fundraising endeavor is ongoing, with the primary objective of supporting ICPSwap's further development and expansion.

Fundraising Link(Ongoing): https://nns.ic0.app/project/?project=csyra-haaaa-aaaaq-aacva-cai

ICPSwap stands as the earliest decentralized exchange (DEX) within the Internet Computer Protocol (ICP) ecosystem, providing an extensive array of DeFi services. These include token trading, staking pools, yield farming, Claims, and a host of innovative features. According to its roadmap and Twitter, ICPSwap plans to roll out additional functionalities after SNS, including Launchpad, token minting, ICPSwap Bot, and a decentralized leveraged trading platform.