• SphynxSwap, one of the strongest platforms within the DeFi ecosystem at the moment is a powerful platform.
• SphynxSwap unites all the services you need on a single platform.

Within The Lord of The Rings, in Mount Doom, in the fire of Orodruin, the Dark Lord Sauron crafts the “One Ring”, one ring to rule them all. This was the strongest artifact ever made in Middle-earth. The creators of SphynxSwap did not have the same evil and sadistic intentions as Souron. Just like the “One Ring” was one of the most powerful objects in Middle Earth, SphynxSwap is one of the most powerful platforms in the current DeFi ecosystem.

SphynxSwap’s vast ecosystem was created to solve one of the most pressing problems plaguing the current DeFi ecosystem – the fact that most DeFi projects exist in silos. Users must connect to many projects to enjoy all of the DeFi benefits. SphynxSwap, a decentralized exchange built on the Binance Smart Chain is an integrated solution that provides all your crypto needs, including farming, trading, holding and even staking.

Although some CeFi platforms provide some of these services in one spot, there are risks and vulnerabilities associated with them. CeFi is missing the fundamental essence of Decentralization, which is the basis of all cryptocurrencies.

Is this the Sphynx ecosystem?

SphynxSwap integrates all services into one platform.

• SphynxSwap: Trade under 10 seconds – Fast trading capabilities are achieved by automated configurations of what a user presses on the Sphynx platform. A user can search for tokens and the swap will allow them to purchase the token with just one click. Investors do not need to register.
• The Sphynx Rewards: Reward has always been an indicator of a company’s success. Sphynx intends to return 50% of swap fees to holders of sphynx tokens.
• Sphynx charges low fees: Sphynx charges one of industry’s lowest fees. Low network fees are one of the greatest advantages to BER-20 tokens over ERC-20, which makes it more suitable for small transactions.
• Staking is a term that refers to activities which require the temporary lockdown of crypto assets, and reward for those who do so. Through the Staking Mechanism on the Platform, users can get Sphynx tokens.
• Farming is also known as liquidity mining. It involves locking crypto with liquidity providers that add funds into liquidity pools. Sphynx Tokens are earned by users who stake liquidity provider tokens.
• Lottery: Lottery, which is 1% of all transactions that are registered in the Sphynx platform’s ecosystem, falls under the Lottery Tax bracket. The tokens collected are then sent to the lottery prize pool. Each day, prizes pools are collected.
• Sphynx Wallet : Sphynx wallet is a way for users to make direct trades, store their assets, and minimize transaction fees when they transfer between different platforms.
• Sphynx NFT Marketplace and Collectibles: The pioneering efforts of an Automated market Maker (AMM) are evident in the Sphynx collection. There are 8888 collectibles available that can be used to reward users with a small amount of platform fees. Sphynx NFT market allows you to trade and buy NFTs on your marketplace.

Sphynx will be a formidable force, thanks to the existing Defi ecosystem as well the new Sphynx Digital collectibles that are designed to tap into the NFT user base. Traders, both experts, and beginners can visit ShynxSwap’s website to access their extensive offerings.

Continue reading on CoinQuora