The demand for decentralized finances (DeFi) keeps rising with the ecosystem reaching $100 billion in total value locked (TVL) during 2021. However, users seek safe and secure options capable of providing different products to earn rewards without having to pay a fortune on fees. Running on top of the Binance Smart Chain (BSC), decentralized exchange (DEX) Nomiswap attempts to address this demand. The platform offers some of the lowest fees in the space with barely a 0.1% slippage for users to swap their token with the BSC BEP-20 format. Unlike its competitors, Nomiswap is deeply integrated within the Nominex ecosystem. This platform is one of the official brokers for leading crypto exchange Binance, which provides it with an additional legitimacy layer, and operates with a hybrid model that enables it to leverage the benefits of centralized exchanges (CeFi) and decentralized exchanges (DeFi). In that sense, due to its robust platform, trajectory, and partnership with Binance, Nominex and its DEX Nomiswap have built an outstanding reputation in the crypto space. According to the platform’s official Gitbook, Nomiswap was created with the following objective: Nomiswap aims to become a benchmark for DEX platforms. We want to take up the mantle of becoming the leading DEX platform on the market for token swaps. Data provided by monitor CoinGecko records an 8 out of 10 in their trust score with a position in the top 50 crypto excha...
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