Venice swap is a platform which is more like a hybrid exchange that is aiming at having two main application which are the Centralized exchnage and the decentralized exchange. The centralized exchange will allow for the traidng of crypto for crypto and also crypto to fiat like most exchanges does and the decentralized exchange will allow users to swap apps on the Ethereum blockchain using the Automated market maker feature. It is said to not just be an exchange but trading but also a blockchain ecosystem.
The Venice swap name was gotten from the history of the republic of Venice, where Piazzo San Marco and Rialto invented the concept of a modern stock exchange, their initiative is what was considered by the Venice team and thus Venice swap intends to add a new concept to their initiative and be an Ecosystem that will consist of various applications that will be a one stop crypto experience for users.
The team consist of three members with two advisors for the project which are Debora Oliosi who is a digital strategist and Selena Balconi an art director. The cheif executive officer of the project is Gianluca Busato, the project leader Ashok Rathod and the blockchain technical expert Hitesh Solanki. Vennice swap UAB is based in Lithuania it is a financial tech company which is in charge of developing the Venice swap application, Venice Swap UAB is already licensed by the Lithuania government as a crypto exchange and wallet operator. Venice swap LLC is I'm charge of organizing the Venice coin sale and it is a forex company that is situated in SVG.
Their road map is as follows;
The idea of the platform with the development of the concept and the business started in June 2021 then in July 2022 the team was created. Then in September 2021,there was more elaboration or the venice swap in terms Of the legal model which is the Q3 of 2021. Then the Q4 began in December 2021 when the preparation for the Initial coin offering started, the private sale began with other development of the platform. Q1 2022 is the time when the public sale will end and also there will be a testing phase of the platform. The Q2 2022 entails the launch of the Venice swap exchnage which will be in February and the launch of the Decentralized app will be in April 2022.
The centralized app will allow for a secured Trading by holding their crypto in a cold wallet so it won't be able for hackers to reach and also they will be ensuring there is no compatibility issue of the app with phones and PC as the aooo will be compatible with all the phones and operating systems. It is also designed in a way that one can trade from anywhere around the world without hassle.
Some other special feature is the trading of pairs with the real live price, the integration of wallet for the top 20 crypto and the integration with the best liquidity providers. Venice will also integrate with the best KYC/AML providers. There will be possibility of listing other coins and also.launching an IEO. Another interesting feature is the trading of derivatives like futures and perpetual trade with marging trading on probability.
It is a swap protocol that run on Ethereum network designed to trade without any third party or any restrictions, it allows for automated market making which replaces an order book, since there is a liquidity pool of the assets that will be trading. This enables both the buyer and seller to interact with the pool itself.
The protocol is made available to the public with no restriction to any individual allowing them to perform all function on the Decentralized app such as swapping, providing liquidity etc.
This feature allows user to swap ERC-20 tokens in a decentralized way and allows users to use popular wallets to connect with the application such as the metamask, wallet connect, formative and coinbase wallet. It also offers active liquidity, flexible fees, which gas fee will depend on the ETH network and there will be burns at intervals.
The venice coin is the utility token of the venice platform that will be used on the platform to pay for any transaction that will be done. It has a total of 500 million supply. It will be used for crowdsourcing on the platform and also used to purchase services on the platform with bonus given to users in the venice token.
The website for the public sale is https://ico.veniceswap.com/ and it ends in 11 days.
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