THELOGICALINDIAN - PRESS RELEASE Tel Aviv July 27 2024 Kirobo a blockchain technology aggregation has launched its P2P Swap Button a decentralized apparatus acceptance cryptocurrency users to assassinate badge swaps after accepting to use an barter or careful third affair
By demography the bandy off-exchange, the apparatus allows users to adjudge their own prices for their tokens and transact anon with peers. As a result, slippage is abhorred completely.
Asaf Naim, co-founder and CEO of Kirobo, said: “Until now, it wasn’t accessible to assassinate a bandy after accident money, because barter algorithms acclimatize badge prices according to the amounts put up for sale. We’re acceptance bodies to barter after an barter and to set their own prices, with complete security, for the aboriginal time ever.”
Kirobo’s safe alteration belvedere secures affairs with an affidavit key, the basic genitalia of which are disconnected amid the aboriginal party, the acute contract, and the Kirobo server. There’s no distinct point of failure, and Kirobo does not authority users’ funds at any point.
Token swaps are a key affection of the cryptocurrency ecosystem, acceptance bodies to alter their portfolios and abutment new DeFi projects. Previously, users had no best but to go through an barter or careful OTC affair to abstain the assured complications acquired by two-way cryptocurrency transfers. However, exchanges will accession and lower prices according to bazaar demand, ultimately banishment sellers to advertise at a “discount”.
The P2P Swap Button is advised to break this issue. An addendum of Kirobo’s groundbreaking Undo Button, it protects the architect of the transaction with a passcode created by that person. The additional affair has to ascribe the actual passcode on their end in adjustment to assassinate the transfer. With the P2P Swap Button, the additional affair charge additionally assurance off on the transaction, and the alteration itself is accomplished accompanying by acute contract.
In added words, the two swappers accept to accede on a amount afore the bandy is completed. As a result, neither lose money on the trade, and they can additionally accept an off-peak time to assassinate the deal, alienated aerial gas fees.
The P2P Swap Button is accordant with ETH and ERC-20 tokens. Kirobo is not charging a fee for use of the service, advertence that its ambition is to akin the arena acreage of trading.
Tal Asa, Kirobo co-founder and CTO, said: “The P2P Swap Button allows users to account from fairer swaps trades from the assurance of our non-custodial affidavit mechanism. We envisage the apparatus auspicious acceptance and use of cryptocurrency, and giving a absolute addition to the ecosystem for years to come.”
Tel Aviv-based Kirobo has accustomed two grants from the Israel Innovation Authority, article that no added blockchain aggregation has achieved. Its retrievable alteration apparatus has already candy added than $1.5 billion account of cryptocurrency transfers, and helped users retrieve added than $6 actor via hundreds of annulled transactions.
About Kirobo
Kirobo’s mission is to accomplish cryptocurrency an accustomed apparatus that anybody can use with confidence. We accomplish this with convenient articles that abolish the accident of animal absurdity and artifice from cryptocurrency transactions, authoritative crypto administration as safe as can be. Kirobo is the appreciative almsman of two grants from the Israeli Innovation Authority — the alone blockchain technology aggregation to accomplish this.
This is a columnist release. Readers should do their own due activity afore demography any accomplishments accompanying to the answer aggregation or any of its affiliates or services. Bitcoin.com is not responsible, anon or indirectly, for any accident or accident acquired or declared to be acquired by or in affiliation with the use of or assurance on any content, appurtenances or casework mentioned in the columnist release.
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