Bitcoin Forum

Please check your Twitter account. It suspended. Maybe the link is wrong. Check it.

Here is last information from their telegram - Bashswap Enters It’s First Strategic Partnership With Soken.io

https://bashoswap.medium.com/partnership-announcement-bashoswap-and-soken-io-8fb5f12d016

Join to their telegram to know more news and information from the project.

It means, they are making sure the security protocol of their platform is in place.
Which is actually good, because a lot of DEXs have been hacked already making them exit this market.
We have seen several DEX using BSC network but with ADA, you can't see much of them.
But the trend these days is multi-network to serve various users. Like combination of BSC, ADA, MATIC or ETH.
So the team may want to check that out, because with multi-networks, they can serve more users.

What's happened with your Twitter?
Please check it. It does not work.

Here is a link to new article in medium which allows to anderstant the project better https://bashoswap.medium.com/introducing-bashoswap-an-all-in-one-suite-of-defi-protocols-built-on-the-cardano-blockchain-594b3273a442 - Introducing Bashoswap: An All In One Suite Of Defi Protocols Built On The Cardano Blockchain

I checked the news in Medium https://bashoswap.medium.com/bashoswap-whitepaper-release-ccafa9e66d3d

This is a news about the release of White Papers.

What do you plan to do with your twitter account?
It does not work now. Please check it and fix.

I just read their medium.
The last article is about tokenomis https://bashoswap.medium.com/bashoswap-tokenomics-33389fae6962

There is 500 million BashoSwap tokens and 65 mln  BashoSwap tokens are available for presale according  BashoSwap tokenomics.

Your project looks like most DeFi projects just on Cardano. Competition is fine. I notice in point 6 of your whitepaper "$Bash can also be used to convert cryptocurrency into fiat". This point in particular will catch attention. How are you going to comply with the regulation to be able to do this? If you provide that functionality you will need to have your ducks in a row and DEX doing KYC will be a difficult one to get right. Yet on your site you say "List tokens without permission, trade without KYC". I doubt you will get the cash-out to fiat right without KYC.

Now the competitiion among DeFi projects is so high that the main questistion is how useful will be this project for people.
The most important is to create demand in the project and its products.

The most important for all cryptocurrency projects is to be very useful for the community.
When project is useful it has a big community of users.

what happens when we have many similar useful projects? XFI is one of the pioneering Defi project and it is struggling now. The high number of project with similar idea is killing altcoins, Although some are adding more used cases as form of development, I strongly believe their is still room for growth in cryptocurrency that will encourage larger adoption especially in finance.

Thank competition projects will develop more quickly and will offer users even more opportunities.
If project will not develop it will not be able to survive because people will use the project that develops more quickly.

Many centralize exchanges blocks the accounts of their users due to the sunctions.
So the demand for DeFi exchanges and DeFi products will only increase.

Many people are afraid of sanctions. Nobody wants that his account will be blocked.
That is why people prefer to use DeFi.
Also many people do not have access to bank services.

People need to be sure that no one will be able to block their assets or steal money from their account, which is why many people prefer DEX.
But DEX also must be safety and have a good liquidity.

For DEX it is very important to have a good liquidity. That is why it is necessary to offer the providers of liquidity the best conditions to have a big liquidity pools.

Now providers of liquidity have a very big choice of different DeFi products where they can to provide their liquidity.
That is why it is important to offer the people the best conditions and the maximum profit.

Very often accounts of users on centralize exchanges are blocked for different reasons but it is imposible to block the account on DeFi exchange.
That is why DEX so popular now and in demand.

The most important thing for all users of DeFi is to be sure that their funds are kept in safe place.
A lot of money are blocked in DeFi and hackers carefully monitor all liquidity pools.

All exchanges are not safe. CEX exchanges can be blocked by goverment or hacked.
DEX exchanges can not be blocked by gorverment but they can be hacked.

Now many people prefer to use DEX because they offer financial services for all people in the world for whom bank services are unavailable.
Also DEX allow to earn money for everybody for liquidity providing.

Cryptocurrency adoption continue to increase. It means that the demand in DeFi will increase too.

For DeFi the most important thing is liquidity. The more people use the DeFi projects the higher liquidity it has.
To provide best liquidity promotion is necessary and a good conditions to liquidity providers to attract more funds to liquidity pools.

Now DeFi actively hacked and many people are looking for the most safest DeFi protocols.
But now it is difficult to say what DeFi protocol is the safest because many DeFi protocols was hacked.

You do not know how safy is DeFi protocol until it will be hacked.
Big liquidity blocked in DeFi protocols attract a lot of hackers.

Big money attract attention not only liquidity providers but also hackers.
Cryptocurrency industry actively developing and DeFi protocols becomes more safety.

The matter is that DeFi protocols is very new technology. It is hard to say how safe this technology is.
Many hackers just want to check how safe is DeFi protocols and try to hack this protocols and steal the money.

DeFi technologies are actively developing offering people more opportunities.
DeFi protocols becomes more safes. But hackers become more experience too.
Big money always attract attention of hackers.

The opportunity to earn money attract a lot of people to DeFi. DeFi is a good opportunity to earn money and a lot of people block their liquidity in DeFi to earn money on Liquidity pools.

DeFi sector is actively developing. Many people block their funds in liquidity pools to earn money on providing liquidity.
DeFi projects offer many financial products for people and offer financial services that are unavailable for many people.

Development of DeFi sector attracts the attention of many people to cryptocurrency and DeFi products.
Thanks this the adoption on cryptocurrency all over the world continue to grow too.

Now DeFi are actively developing offering people new opportunities and tools.
DeFi offers a lot of useful financial products and a lot of opportunities to earn money uniting people and providing different services each other.

Bashoswap Twitter account link on this thread is still not updated. If you haven't found the correct link, you can click this twitter account link, I got it from their official site.
https://twitter.com/basho_swap

Nothing change from that time. Twitter is very important for cryptocurrency community and many people are looking for twitter to find more news about development of the project.

DeFi offers many opportunities for people and allow to earn money for all people even for those for whom banking financial services are unavailable. Thanks this the demand in DeFi products and tools grow.

Because of high competition between DeFi projects and platforms only the best ones will survive.
To win the competition it is necessary to constantly develop the platform offering new tools and products on it.

Now a lot of different cryptocurrencies appear and they need to be exchanges to other assets.
That is why now DeFi exchanges popular because they allow to list all the coins and tokens.

There are a lot of new coins and tokens. Also it is important to check all new projects that appear on the market to invest money in the most prospective one.
But all new projects need to have a developed ecosystem and support of community.

The demand in DeFi tools continue to grow. Cryptocurrency becomes more popular. Also adoption of digital assets grow. That is why demand in DeFi products continue to increase.

Now a lot of new cryptocurrencies appear and all this cryptocurrencies need to be exchanged. That is why different DeFi products are popular that allow to simply buy and sell tokens.

All new tokens need to have a developed and simple ecosystem that will increase liquidity of such tokens and will support them.