Avalanche powered DEX Swapsicle today announced that that it has launched onAVAX cross-chain platform, ‘a DEX within a DEX’. It will include liquidity pools as well as farming and staking opportunities of $XRPs, $OXPs, $POPs and more across the XRPL and AVAX networks.
Swapsicle is a community-driven decentralized exchange on the Avalanche blockchain (but interoperable in future) that is looking to give back to retail investors by offering a transparent, fully-doxxed team and more utility than competitors.
Swapsicle aims to becoming a cross-chain DAO with a governance protocol and lending facility. They are post-launch and available for retail investors and project owners for listing.
Swapsicle revealed in a press statement shared with AlexaBlockchain that onAvax went live on 23rd June utilizing Ethereum virtual machine (EVM) based smart contracts.
Swapsicle developers were able to launch the onAVAX Cross-chain Platform through the strategic partnership with onXRP. According to the Swapsicle, their partnership will enable them to create, reach and add value to the community and stakeholders of the XRP and AVAX blockchains.
onXRP is an all-encompassing ecosystem built by the XPUNKs with the purpose of making blockchain accessible for everyone. The focus is on UI and UX to make the customer journey as seamless as possible. It has a curated DEX, a curated NFT marketplace with KYC, a to-be-launched gaming platform including a 10-player multiplayer play-2-win/play-2-earn game, a professional content platform with 70+ articles, and a cross-chain bridge. The token $OXP serves as a utility token throughout the ecosystem.
onXRP works closely with the community to innovate around synergies, evolve and help where necessary. The ecosystem also functions as a go-to-market platform for crypto/NFT projects using their launchpad and the content platform as a great launch boost for new projects. Big players like Ripple, Cemtrex, and Multichain saw the potential and decided to partner with onXRP to create and accelerate value for all.
Commenting on the partnership, onXRP Co-Founder, Kaj Leroy, said:
“As a community-driven project, we are honoured to work alongside Swapsicle, a cutting-edge DEX that prioritises its community as well. This partnership is exactly what the AVAX and XRP communities need.”
“We are thrilled to be able to bring this to not only our community but also those looking to explore and enjoy the benefits of both ledgers. An XRP and AVAX bridge has been long overdue, but, it is here, it is going live, and it will only be upwards from here on,” Kaj stated.
Furthermore, Swapsicle also announced its first airdrop for its $POPs holders, which follows the decentralized exchange’s (DEX) official launch a couple of weeks ago on 31st May 2022.
Swapsicle Co-Founder, Lee Erswell, says that the partnership brings the best of XRP and Swapsicle onto the AVAX blockchain.
“The airdrop and the launch of onAVAX are only the first of many utilities that Swapsicle intends to offer our community,” Lee said.
Lee also mentioned that onXRP is the first project ever to create an XRP to AVAX bridge.
Read Also: What Are Blockchain Bridges And Why Are They Crucial For The Widespread Blockchain Adoption?
