Hanaswap.com and Balanced share a strong connection through their ICX-powered infrastructure and commitment to decentralization. This article explores their relationship and how it benefits users, as well as the unique functionalities Hanaswap.com will offer in the future.
What is Balanced?
Balanced is a DeFi platform #poweredbyicx that offers a suite of decentralized financial tools, including:
Cross-chain collateral deposits: Deposit assets to mint bnUSD, a decentralized stablecoin pegged to 1 US Dollar.
Token swaps: Swap crypto across blockchains with ease.
Cross-chain transfers: Move assets between blockchains securely.
Liquidity incentives: Supply liquidity and earn rewards.
Governance participation: Earn or buy Balance Tokens (BALN) and lock them to gain voting power and share in Balanced's success.
📲 For more details, visit the Balanced website.
How Hanaswap.com relates to Balanced
Hanaswap.com is essentially a reskin of Balanced’s DEX functionality, focusing exclusively on cross-chain swapping. This specialization ensures that Hanaswap.com:
Leverages the proven infrastructure of Balanced for secure and efficient swaps.
Maintains the 0% Hanaswap.com fee model, adhering to Balanced’s existing fee structure.
Fee structure
Swaps on Hanaswap.com follow the enshrined Balanced smart contracts, which include fees built into the ICX network.
This structure inherently burns ICX with each transaction, contributing to the ICON Network’s deflationary design.
Unique features coming to Hanaswap.com
While Hanaswap.com currently focuses on cross-chain swaps, future updates will introduce exclusive functionalities to enhance the user experience:
Limit orders: Execute trades at your specified price, providing more control over your swaps.
Dollar-cost averaging (DCA): Automate recurring trades to reduce the impact of market volatility over time.
💡 These features will be unique to Hanaswap.com, offering users capabilities not available on Balanced.
Why use Hanaswap.com for swaps?
While Balanced offers a broad range of DeFi services, Hanaswap.com provides a dedicated interface for cross-chain swaps, making it:
User-friendly: A simpler interface tailored for swapping tokens across blockchains.
Cost-efficient: No additional fees beyond those already established by Balanced.
Decentralized: Built entirely on-chain, leveraging the security and transparency of ICX-powered infrastructure.
Built on shared values
Both Hanaswap.com and Balanced are committed to:
Decentralization: Eliminating reliance on centralized exchanges or intermediaries.
User empowerment: Providing tools that let users manage their assets independently.
Sustainability: Leveraging ICX infrastructure, including the ICX burn mechanism, to support a thriving ecosystem.
Explore the best of both platforms
Whether you’re using Balanced for its DeFi capabilities or Hanaswap.com for straightforward cross-chain swaps, both platforms deliver robust and reliable tools for blockchain enthusiasts.
Start swapping today at Hanaswap.com or learn more about Balanced’s broader offerings at balanced.network.
For questions or assistance, visit our Support Center.