Fomotoken- is the world’s first platform that has made the perfect use of technology to reduce trading fees by 80%. Fomotoken offers a wide variety of products that use decline protocols to reduce asset trade fees, Fomotoken creates room for financial innovation by creating a SmartWay API, a new researching and repulse algorithm that divides and swaps the assets across many supported liquidity protocols. Fomotoken is basically a decentralized exchange (DEX) that allows you to trade your assets in a trustless manner, i.e., no intermediary holds your fund. The trade and asset transfer occurs peer-to-peer between the user wallets. Decentralized exchanges do not much maintenance, thereby reducing the operating costs.
If You work hard for your money, And you should be able to keep as much of it in your pocket as possible. But if you’re thinking of investing your hard-earned cash to increase your net worth, there are some things you should keep in mind. Investing comes at a cost. There’s certainly risk involved which can eat away at your profits. But something else that can chip away at your bottom line is the cost — from fees to commissions. And it can all add up, So can you actually put your money away and keep your expenses low? The short answer is yes. decline protocol can decrease your trading fees by 80%. use fomotoken Exchange and increase your profits.
Fomotoken is a decentralized cryptocurrency exchange that allows the users to convert crypto to fiat and vice versa with a minimal fee in the market. Fomotoken takes the benefits of cryptocurrencies to everyone. Making the trade of cryptocurrencies cheaper and easier, Fomotoken will be the breakthrough in the mass adoption of cryptocurrency. Fomotoken’s decentralized exchange bridges the gap between the fiat and crypto world. Fomotoken DEX facilitates lightning-fast conversion and swap, ensuring the lowest transaction fees. Fomotoken is available 24x7 for the community members to carry out trades.
The crypto-assets can be stored in the wallets associated with the Fomotoken decentralized platform. In centralized exchanges, a single governing entity handles the trades and funds, which gives no transparency and anonymity to the users. In Fomotoken DEX’s case, the assets are not handled by any intermediaries, enabling the users to have complete control over their assets. The users are accounted for every swap that occurs in Fomotoken as the data are recorded on the distributed ledger.
Fomotoken is based on a non-custodial idea, a smart contract-driven platform. Smart contracts are nothing but magical lines of codes deployed on top of the blockchain to perform a particular task. The task might be collecting funds in the liquidity pools or distributing awards to the liquidity providers who stake LP tokens. Smart contacts make the process automated without any human intervention, making Fomotoken a genuine platform.
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