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PandExchange: A Decentralized Solution for Dollar-Cost Averaging on Multiple Blockchains

by firstcryptonews
March 17, 2023
in Press Release
PandExchange: A Decentralized Solution for Dollar-Cost Averaging on Multiple Blockchains

Discover the new way to automate your crypto investments with a fully decentralized platform that supports Binance Smart Chain, Polygon, and Arbitrum networks.

Introduction

In the world of crypto investments, dollar-cost averaging (DCA) has proven to be an effective strategy for mitigating risk and managing volatility. However, existing solutions for implementing DCA operations are either centralized or rely on third-party services, raising security and trust concerns. PandExchange, a new decentralized application (dApp) for creating and managing DCA operations, aims to change that.

What is PandExchange?

PandExchange is a decentralized application built on the Binance Smart Chain (BSC), Polygon, and Arbitrum networks, designed to facilitate dollar-cost averaging operations from one cryptocurrency to another. The platform allows users to create DCA operations (DCAO) that are fully decentralized, setting it apart from other DApps on these networks.

Why Choose PandExchange?

  1. Fully Decentralized: PandExchange’s unique approach to DCA operation execution eliminates the need for a centralized entity, reducing the risk of a single point of failure. Users can participate in the PandExchange ecosystem by executing transactions on behalf of DCAO creators, who set a fee to compensate the executor for gas fees and encourage participation.
  2. Multiple DEX Support: Users can choose their preferred decentralized exchange (DEX) for each DCA operation from a list of verified DEXs on BSC, Polygon, and Arbitrum networks, including PancakeSwap, ApeSwap, BiSwap, Uniswap, QuickSwap, KyberSwap, SushiSwap, and more. This list will continue to expand as new DEXs are validated.
  3. Easy to Use: The PandExchange platform is user-friendly and accessible to users of all technical expertise levels. With a simple, intuitive interface, all you need to get started is a web wallet like MetaMask.
  4. Low Fees: The BSC, Polygon, and Arbitrum networks offer fast and low-cost transactions, keeping trading costs low for users. PandExchange charges a fixed 0.5% owner fee on DCAO creation, which is used for development and marketing purposes, and an adjustable executor fee set by the user.
  5. Trustless: PandExchange ensures users maintain full control over their funds, as input tokens are stored on the contract during DCA operations and can be retrieved at any time. Output tokens are sent directly to the user after the swap, and even the PandExchange team cannot access user funds.

Looking Ahead

PandExchange aims to become a major hub for DCA operations across multiple blockchains, with plans to deploy on additional networks and develop its own fully functional DEX with DCA at its core.
Don’t miss out on the opportunity to simplify your crypto investments and embrace the power of decentralized dollar-cost averaging with PandExchange!

Project links : https://linktr.ee/pandexchange

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