September 13, 2021 – Boost, a platform consisting of the latest in decentralized financial tools designed by some of the top developers in the world, has announced a new decentralized cryptocurrency exchange, Boost Swap.
Boost Swap, which is built into the Boost Coin app, is the newest, cleanest decentralized exchange (DEX), or swap program, in the crypto world and has more than 600 swaps per day. Boost Swap’s clean user interface provides fast transactions and, because it asks for contract addresses, the platform eliminates scammers.
Boost is fueled by Boost Coin, the native cryptocurrency of the Boost ecosystem.
With more than 6,000 paid subscribers, Boost has minted dozens of new millionaires since the bull run in 2020. This community will serve as the base for the Boost ecosystem. Having thousands of supporters prior to launch will ensure a solid start for Boost.
The development team has been working in the blockchain space since 2014. Members of the core team have assisted in the launch of numerous successful projects, including a coin that reached the top 50 in 2017, and one of the first 100 coins ever created.
A Boost spokesperson said, “We believe in free markets. However, we also realize that the vision of a grand world through capitalism has eroded due to inherent weaknesses created by human involvement. The beauty of code is that you are able to enforce rules without fear of manipulation or corruption.
“Everyone has the right to engage in fair trade, without restriction. This is our belief. This is why our first tool is a decentralized exchange. Also known as a swap, our DEX 1.0 was built with the same functionality as UniSwap v2, but with an updated user interface to make the experience much easier and more enjoyable. In time, as projected in our road map, we will have a vibrant ecosystem filled with the latest in DeFi (decentralized finance) features and functions, including cross-chain swaps, farming, staking, additional trading pairs and NFTs. We anticipate growing to include designs and functions still yet to be discovered that can take full advantage of blockchain and smart contract technology.”
Continuing, the spokesperson explained if one individual or centralized group has too much token ownership, especially in a fixed supply, or worse, a deflationary asset, that asset becomes susceptible to attacks and manipulation and this only serves to weaken the ecosystem that is designed to source its strength through the very nature of decentralization.
“It is, as a result of this, that we have implemented strict rules surrounding ownership, in the form of maximum transactions and maximum wallet sizes. The maximum transaction will be 0.5 percent of the total supply, or 5 million tokens,” the spokesperson said.
The maximum wallet size shall be 0.95 percent of the total supply, or 9.5 million tokens. This means no single wallet will control even 1 percent of the total supply. Greater distribution means that Boost can ensure that this will be one of the most decentralized projects in the crypto sphere.
Boost has strategic partnerships with Tory Lanez and other celebrities.