How Does a Token Swap Work?

The formulation of blockchains and tokens have provided organizations the capacity to bring in investment or exchange co-operation through a token of their private scheme, providing them many more possibilities and more authority than conventional systems of distributing shares.
A token swap is a method by which one cryptocurrency is switched for another at a decided rate. Unlike trading one coin to purchase another, a token swap is the interchange of one coin for another, so it signifies that users are expected to switch the old coin for the new one, or the value will be lost.
For users and investors, the level of their engagement in the token immigration method diversifies — typically according to where they deposit their tokens. For people who save their tokens on exchanges, it is inconceivable that they will have to exercise any measures to join the voyage.

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EF1Finance

EF1 is a Defi Platform that allows users to save, loan, borrow and pay Crypto Assets in a global network.