The Decentralised Finance ecosystem is booming, making DeFi one of the most popular buzzwords in the cryptosphere. The relentless growth of DeFi innovation continues at a blistering pace attracting customers and venture capitalists to its unique set of products and services being offered.
Although unprecedented in the nature of its offerings, the DeFi ecosystem comes with its set of challenges. Currently, due to the novelty of the space, most of these products only exist in silos, making it hard for investors to explore everything DeFi has to offer on a single platform. This is the problem that the newly launched platform Sphynx is trying to solve.
SphynxSwap is a decentralized exchange built on Binance Smart Chain, designed to allow investors to trade in under 10 seconds. It is an all-in-one solution for all crypto needs such as farming, holding, trading, charting, and staking assets. This platform integrates all necessary services within a single platform, including a consolidated wallet, dynamic charts, farms, and staking portals so users never have to leave the SphynxSwap platform. All these features in one platform are put together by a state-of-the-art user interface.
Major components of Sphynx ecosystem
The amount of trading, staking and farming platforms out there can be overwhelming and difficult to navigate, creating a massive barrier to entry for most traders. Sphynx makes this experience simpler, smoother, and faster by wrapping everything traders need into one platform, and guiding its users with educational tools.
Fast trading: The Sphynx User Interface is such that it makes it possible for users, both expert traders, and beginners to trade under 10 seconds. Fast trading capabilities are achieved by automated configurations of what users press on the DEX.
Staking: There's a wide range of tokens on the Binance Smart Chain that offer staking, yet Sphynx stands out from most. With Sphynx's generous APRs, not to mention the fact that they are as SAFU as they can be, users can sleep soundly with their tokens held safely in the confines of Sphynx's staking platform. The best part is that they do not lock up a user's staked coins for extended periods of time like most coins that offer staking do give the user ability to withdraw as they please.
Lottery: Lottery is one of the most unique features of the Sphynx ecosystem. 1% tokens involved in every registered transaction, be it buying or selling, are taken under the Lottery Tax bracket. These tokens are then accumulated and later on sent to the lottery prize pool. This process is called injection. Upon injection, people can participate in the lottery for a chance to win tokens from the lottery pool. These prize pools are set daily.
Charting: The Sphynx platform provides its users with dynamic charts where one doesn't need to leave the platform in order to perform token analyses. The charts on the platform are user-friendly enough for beginners yet detailed enough to meet the needs of expert traders.
Education: The platform offers educational tools to help new and seasoned traders navigate the crypto space and capitalize on the SphynxSwap exchange. The educational tools include videos and articles to provide all information necessary to new users to navigate the platform.
Approaching Digital Collectibles Through New Lenses
Even though NFTs have been one of the biggest game changers in the crypto ecosystems, NFTs that are not part of a bigger ecosystem which make it impossible for NFT holders to earn passive income through their NFTs. The Sphynx Collectible NFTs are a part of the Sphynx ecosystem and they incentivize NFT collectors who hold their NFTs.
Additionally, SphynxSwap's collectible series, known as the Sovereign Sphynx Council, rewards its holders through its platform's Ethereum bridge and 50% of royalties from OpenSea.
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