Decentralized marketplace Particl introduces native ‘BasicSwap’ DEX


Oct 25, 2021
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Particl, a blockchain platform offering users a gateway into an independent and , announced that it soon will launch and expand its ecosystem with a brand new important dApp – BasicSwap.

BasicSwap is a cross-chain and private decentralized exchange (DEX) protocol that allows users to swap one crypto for another without any middleman or third party being involved. It lets users make or take orders on a distributed order book and execute swaps that are safe, trustless, and unrestricted.

The DEX is powered by atomic swap technology and the (Particl’s own P2P network, which also powered its marketplace dApp).

“It’s vital to be able to acquire, sell or trade the platform’s native currency in an equally independent, safe, fast, and decentralized way. That’s precisely what the BasicSwap DEX enables you to do, but it doesn’t stop at just buying & selling PART.”

Available Features Include:

  • True Monero support
  • No account, sign up, or KYC
  • Incredibly low and competitive fees
  • User-friendly interface
  • No third-party, intermediary, or middleman at any point
  • Taproot compatible
  • Lightning Network compatible (to come in later versions)

Initially, the available and compatible coins on the DEX will include, Bitcoin, Monero, Litecoin, Namecoin, and the native Particl (PART) token.

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