The unveiling of 100Swap, the pioneer in inscription-based decentralized exchanges on the Bitcoin mainnet.

Within the realm of Bitcoin, 100Swap operates as both an automated market maker and a decentralized exchange platform. 100Swap The platform has officially commenced operations on the Bitcoin mainnet.

Employing a similar AMM algorithm to its counterparts, this platform enables users to exchange various assets utilizing the BRC-100 protocol, ensuring a decentralized, trustless, and censorship-resistant environment without the need for user asset custody. Uniswap The BRC-100 protocol is an innovative approach to decentralized computing grounded in Ordinals Theory. It introduces a modular framework termed inheritance and nesting, which lays the foundation for enhancing the capabilities of the BRC-100 protocol and its applications.

Users can engage with 100Swap via its decentralized application (dApp) or through inscription methods. The platform leverages unspent transaction output (UTXO) models and state machine systems, utilizing computing operations (COP) within the BRC-100 framework.

BOS serves dual roles as both a native token and a governance token in the 100Swap ecosystem. The distribution of tokens is structured with 60% allocated for minting, 35% assigned to yield farming, and 5% directed towards the BRC-100 Protocol, with a total supply capped at 1 billion tokens.

Since its launch on the testnet earlier this year, the exchange has accumulated over 15,000 active addresses and registered more than 140,000 inscriptions. Additionally, it has embraced integration with a Web3 wallet, allowing developers to innovate on its platform.

Following the launch of 100Swap, the price of the BOS token experienced a downturn of 20%, as noted on the exchange’s dashboard. In contrast, a token named Corgi, introduced on the platform, has skyrocketed by over 3,000% in less than a day. OKX As per reports from the exchange, the current total value locked (TVL) stands at $35,082, coupled with a trading volume of $15,906 recorded in the previous 24 hours.

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