


AnySwap continues to innovate in the De-Fi space, integrating secure, cheap, and simple cross-chain swaps.
AnySwap
Anyswap is a decentralized cross-chain swap protocol that runs on four different networks. Anyswap allows users to effortlessly swap tokens across these networks using its Automated Market Maker (AMM). Anyswap specifically support coins on blockchains that are compatible with ECDSA or EdDSA signature algorithms. This allows users to swap between some of the largest tokens such as BTC, ETH, USDT, XRP, LTC, and FSN.

Key Features
--Seamless & Decentralized Cross-Chain Swaps
--ANY Governance Token
--Liquidity and Swap Incentives
--Low Tx Time & Cheap Fee's
What/Why AnySwap
Anyswap launched on the Fusion blockchain and leverages its Decentralized Control Rights Mechanism (DCRM) to create interoperability. For those who wish to learn more about Fusion Networks' technology, follow the previous link.
This allows Anyswap to integrate itself onto multiple blockchains such as the ETH network and the Binance Smart Chain (BSC). Due to the capabilities of DCRM, Anyswap can offer more secure, cheap, and robust swaps in comparison to many competing cross-chain swap protocols.
Overall, the technology allows Anyswap to create a completely decentralized platform that supports cross-chain swaps and a token bridge.
Tokenomics

Anyswap has a reasonably high inflation schedule (~86,000 ANY daily), making it an inflationary token. This model is pretty standard for most AMM and swap platforms, as they need to incentivize liquidity. Currently, ANY is feeling the effects of an inflationary governance token, as it is around all-time-lows. While this may seem alarming, it is essential to understand that many users are earning ANY at a rapid rate, growing their total allocation of the token.
My typical rule of thumb for inflationary tokens is to earn them through LPing "stable" assets. These tokens carry an extremely high risk as the value is typically derived from the product's direct performance. On top of this there is a constant sell-side pressure from liquidity providers who are realizing their ANY rewards constantly (selling). Overall this is not an alarming outcome for the ANY token, and selling pressure will wane as circulating supply increases.
Anyswap also incorporates its fee structure to incentivize users and fund the future developments of the project. All transactions facilitated through Anyswap incur a 0.4% transaction fee. These feel are allocated to the Liquidity Providers (LP) - 0.3% - and the Anyswap Company (0.1%). This system incentivizes LP providers to provide liquidity to the platform even when block rewards for ANY are reduced.
Liquidity Providing + Rewards
As tabulated above, 85 million ANY is allocated as LP rewards. Currently, the block reward is 8.5 ANY per Fusion block; each Fusion block is ~13 seconds. This emission system will continue for a total of 10 million fusion blocks. Anyswap has allocated the rewards as follows:
- 10 million ANY for "Cross Chain DCRM Node Rewards ".
- 15 million ANY for "Liquidity Rewards".
- 15 million ANY for "Team Rewards"
- 20 million ANY is allocated to the shareholders of Anyswap company.
- 25 million ANY for "Swap and Trading". The "Swap and Trading" funds will be used to motivate swap traders.

For liquidity providers, about 9900 ANY is distributed every 24 hours (about 6600 blocks), which are then distributed to users based on their liquidity allocation. Users with the largest percentage of the liquidity pool will receive the most rewards.
On top of liquidity rewards, Anyswap also offers Swap and Trading rewards. Every 100 blocks 250 ANY are distributed to users who swap. This system accounts for the users' trading volume during the period and distributes the ANY proportionally, prioritizing users who trade more volume.
Finally, node operators also receive ANY rewards on a 24 hours (6600 block) basis. Across all Anyswap Working Node (AWN) runners, 6600 ANY will be allocated to them.
This rewards are crucial to the project as it allows Anyswap to bootstrap liquidity, node operators and even individual users. These tokens will derive value based on the fact that it enables users to participate in the ANY governance.
Governance

ANY is the governance token for Anyswap, and it is issued to users on the Fusion Chain. Users who own this token will be able to vote on a variety of issues regarding the protocol. Anyswap team has announced the following use-cases:
1. Vote for adding supported chains
2. Vote for electing Anyswap working node (AWN)
3. Vote for changing governance rules proposals
Concluding Thoughts
Cross-chain swaps are becoming ever more crucial in the crypto space as there are only an increasing number of chains and tokens that users need to swap. Anyswap allows users to do precisely this, effortlessly. Through leveraging Fusion Networks technology, Anyswap can provide decentralized, secure, and cheap swaps for any user. Anyswap continues to expand its available token bridges, recently on-boarding the Binance Smart Chain.
Overall, Anyswap offers cunning edge technology and gives users a solution to cross-chain transactions. I will note that the Cross-Chain liquidity platforms and AMM's are becoming highly saturated. Only a few of these protocols will dominate a majority of the market share; the unknown question is, which will outperform the others.
It is always important to undergo your research and perform your own due diligence when making financial decisions for those exact reasons.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Swift and Chainlink Trials Pave the Way for the $10 Trillion Crypto Market

With the goal of expanding the crypto market from $1 trillion to $10 trillion, this partnership aims to seamlessly connect financial institutions' systems with various blockchain networks using Chainlink's Cross-Chain Interoperability Protocol (CCIP).
Chainlink and Swift Envision Blockchain Interoperability for Financial Institutions
The Society for Worldwide Interbank Financial Telecommunication (SWIFT) has partnered with Chainlink to explore the integration of blockchain networks into the financial industry. The collaboration aims to leverage Chainlink's Cross-Chain Interoperability Protocol (CCIP) to connect financial institutions' systems with various blockchain networks seamlessly.
We’re collaborating with our community to test how institutions can use their #Swift connection to seamlessly interoperate with the many #blockchain networks emerging around the world.
— Swift (@swiftcommunity) June 6, 2023
Building on successful trials in 2022, our new experiments aim to show how the Swift… pic.twitter.com/izS8HDNnj8
Several major financial institutions, including ANZ, BNP Paribas, Citi, and Lloyds Banking Group, will participate in trials to test the transfer of tokenized value over public and private blockchain networks.
During the trials, SWIFT's infrastructure will demonstrate how it facilitates interoperability by allowing tokenized assets to be transferred within public blockchain wallets, between public and permissioned blockchains, and from Ethereum to other public blockchains. Chainlink will act as an enterprise abstraction layer, connecting the SWIFT network to the Ethereum Sepolia network, while Chainlink's Cross-Chain Interoperability Protocol ensures interoperability between source and destination blockchains.
“Having a single interface for accessing the various blockchains that banks will have to transact on is both more secure and more efficient for their interaction with this new way of transacting among themselves and their clients. The connectivity between banks and blockchains created by CCIP can also enable the growth of DeFi, as banks will find it increasingly easy to interact with public blockchains and move value to and from them using their existing systems,” Sergey Nazarov, Co-Founder of Chainlink, told BSC News.
Connecting Banks and Blockchains
By successfully integrating major banks and clearing and settlement systems into web3, the collaboration aims to expand the crypto market from its current valuation of $1 trillion to $10 trillion.
“If even a small portion of the quadrillions of dollars in value flowing through the Swift network and its over 11,000 member banks makes its way onto blockchains, the entire blockchain industry could grow multiple times larger very quickly,” stated Nazarov.
As part of this collaboration, Swift and Chainlink will build upon previous SWIFT trials that were conducted in 2022, focusing on incorporating digital currencies and tokenized assets into the traditional financial ecosystem. The new experiments will address technical, operational, and regulatory challenges associated with operating in a blockchain environment., such as confidentiality and privacy of data, liability, and recourse when transacting with public blockchains.
SWIFT aims to establish an interoperable system that connects different blockchain networks, enabling financial institutions to seamlessly interact with multiple blockchain-based networks similar to traditional asset trading. The partnership recognizes the impracticality of building new infrastructure from scratch and instead seeks to help institutions leverage their existing infrastructure securely and compliantly.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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