TokenSwap VS CoinList？
The Decentralized Auction Platform will eventually be the winner!
TokenSwap is a decentralized auction platform. The auctioneers can freely launch token auctions without any KYC required.
In the crypto world, the roadmap of a project is divided into three steps: building up a team and releasing products, auctioning tokens, and landing on the secondary market.
With the popularity of DeFi, the threshold of the secondary market has been greatly reduced. More and more teams can access to the secondary market. Correspondingly, various centralized auction platforms represented by CoinList , are still only open to a few projects.
TokenSwap was born to resolve several problems during the token auction process, such as centralization and high threshold.
Compared with centralized auction platforms such as CoinList, TokenSwap is more competitive for three reasons as below:
1. Decentralized governance, not handed by the platform, low risks
ETH involved in the auction doesn’t pass by TokenSwap, but will directly be transferred to the wallet of the auctioneers from the investors’ wallet, so there is no risk of TokenSwap stealing ETH.
The auctioneers transfer the tokens to be sold into the on-chain funding pool, which is not placed in the custody of the TokenSwap platform, thus reducing the custody risk.
The TokenSwap team is not authorized to touch the auctioned token, and the status of the token can be tracked on chain any time.
2. NO KYC
KYC is not required and everyone can create his auction pair, which is open for everyone. The centralized auction platform requires complicated KYC, and users in China and the United States are not allowed to participate in the token auction, which violates blockchain spirit. Moreover, the centralized auction platform charges much higher fees compared with TokenSwap.
3. Auction products in diversity
The centralized auction platform provides very limited tokens open for auction due to policy issues.
It is not the case for the decentralized auction platform. Due to technological breakthroughs, TokenSwap can not only support ERC20 auctions, but also support NFT and other mainnet currency auctions in the near future. With the expansion of TokenSwap, more and more material objects can also be auctioned on TokenSwap in the form of NFT or even the entity itself. To make it simple, TokenSwap=DeFi+NFT+Sotheby’s.
