🟢Swap $VTR
About Swap
A swap is a type of derivative. It represents an agreement between two parties - two companies, two investors, a company and an investor, among other possibilities - to exchange cash flows based on a reference value, a time frame, and other pre-set conditions and criteria. A swap contract values or not according to these rules and parameters.
Types of swaps
There are several types of swaps that are usually performed in the market. They change according to the assets or commodities involved in the flow exchange contracts - which are a kind of indexer for the operation.
Currency swap -> In a currency swap, the parties exchange principal and interest in one currency for principal plus interest in a second currency. It is agreed that one party makes payments in one currency and the other party makes payments in the other, at future dates.
The goal of all these tools is the same:
-> To provide users of the crypto ecosystem with the ability to switch between cryptocurrencies and tokens according to their need and convenience, even if it is to make a cheaper transfer of value (as some tokens pay less fees than others). The swap can also be aimed at taking advantage of a well-performing staking opportunity, to get the token needed to test a web3 project or join a metaverse community.
What are the advantages of swapping
-> By swapping on the app (coming soon) or on the Virtual Trader platform, swaps are done directly in the wallet, without having to use any external exchange for conversion, and saving trading time, since the swap is immediate, as well as money in fees.In fact, Virtual Trader swaps are commission-free and there is no extra charge for using this feature.
-> The Swap $VTR will also include limit orders, stop losses and more functions.$VTR Swap executes transactions in a decentralized and autonomous manner.
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