Secondswap announced Tuesday its expansion to the avalanche blockchain ecosystem after a successful launch on Ethereum earlier this year.
Integration is designed to provide a transparent and accessible secondary market for tokens subject to acquisition hours or to locking early contributors, Crypto.News can make a report exclusively. According to a report from Tokenomist earlier this year, the sector should have more than $ 100 billion in value.
Secondswap is a decentralized exchange focused on locked and acquired digital assets.
After its launch on Ethereum (ETH) in February, the expansion of Secondswap à Avalanche (AVAX) presents native intelligent contracts designed to manage the locking of the tokens, secondary trading and price discovery directly in mind.
Bring transparency to locked tokens trading
Traditionally, commercial locking tokens have been limited to private transactions outside the market. The drawback is that there is often lack of transparency and has regulation risks.
“Today’s secondary market for locked tokens remains largely manual, opaque and ineffective,” said Kanny Lee, founder of Secondswap, in the press release. “Secondswap transforms this model by fully providing the trading of tokens locked in chain, with an intelligent contract execution which offers transparent pricing, transfer of verifiable assets and real -time regulations.”
Projects using seconds can issue, price and exchange worked assets without relying on third -party services. Investors can benefit from a platform offering a tender mechanism that allows users to offer discounts and select the preferred acquisition periods.
The size of the lots includes periods of locking of three, six and 12 months, which means better access for a wider range of investors, not only institutional participants.
The first users who whiten their portfolios and place offers can potentially access tokens at reduced prices compared to the market prices in force.
Expansion supports Avalanche DEFI growth plans
Justin Kim, head of Asia at Ava Labs, said the launch adapts to the wider avalanche strategy aimed at expanding the infrastructure of DEFI and supporting the tokenized asset markets.
“Secondswap is perfectly aligned with the avalanche mission to scan, democratize and deactivate the property of assets,” he said.
The expansion of Secondswap follows a $ 1.2 million seed funding tour led by GSR and Animoca Ventures. The company says it plans to continue to create tools to support the management of the life cycle on the chain for tokens projects, aimed at reducing volatility linked to the unlocking of events and to improve the overall efficiency of the market.
