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Home » Press Release » Bashoswap is Building a Cardano-Powered Decentralized Exchange

Bashoswap is Building a Cardano-Powered Decentralized Exchange

Bashoswap plans to combine elements existing on other DeFi protocols such as Uniswap and Pancakeswap.

Bashoswap is Building a Cardano-Powered Decentralized Exchange

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Bashoswap is a decentralized exchange (DEX) on the Cardano network that aims to facilitate swaps between ADA and other crypto assets built on Cardano.

A Blockchain Powered Decentralized Exchange

Bashoswap was founded in late 2021 by a group of blockchain experts with years of experience in the trad-fi and stock exchange markets. The protocol has a mission to develop a fully featured Defi product aiming to enhance the Cardano ecosystem.

The exchange will allow users to swap their Cardano tokens and provide liquidity to earn LP fees. There will also be a launchpad providing support for Cardano startups.

Bashoswap is on a mission to develop disruptive DApps, like permisionless on-chain staking, lending and governance protocols. The project is using the experience of its founding team and the power of blockchain technology to fund and develop a truly novel and disruptive product.

Bashoswap will include elements of other widely used protocols such as Uniswap and Pancakeswap. $BASH, Bashoswap’s utility token, will be used in multiple ways. It will allow users to stake and farm their tokens to earn more rewards and be used for governance.

The Bashoswap project has a team of experienced developers and project managers. The core founding team comprises of developers and crypto enthusiasts with a deep understanding of native assets, smart contracts on Cardano, and the overall blockchain ecosystem.

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