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What is ParaSwap

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What is ParaSwap (PSP)?

ParaSwap basic info

Name:ParaSwap

Ticker:

PSPBuy now

Introduction:

What is ParaSwap (PSP)?

ParaSwap is a user-friendly DeFi platform that simplifies the exchange of Ethereum tokens by aggregating data from multiple cryptocurrency exchanges. The platform seamlessly integrates DeFi services and data from DEXes (decentralized exchanges) into a single interface, making it easy for users to navigate and understand. With ParaSwap, users can easily compare rates of various cryptocurrencies and get the best possible price for their trades.

How does ParaSwap (PSP) Work?

There are numerous decentralized exchanges (DEXes) in the cryptocurrency space, each with its own unique features and benefits. However, the sheer number of DEXes can sometimes hinder the trading experience of crypto users. With so many different interfaces to navigate and understand, users may end up making trades without seeking out the best possible price. To address this issue, ParaSwap has introduced the ParaSwap Edge feature, which aims to streamline DEXes and DeFi services and eliminate the complexities of crypto exchanges. By doing so, ParaSwap aims to enable crypto users to focus on their trading strategies rather than on understanding the fundamentals of these exchanges.

In addition, ParaSwap operates on Ethereum's DeFi platform, which operates without permission. Users can easily get started with ParaSwap by adding their Ethereum wallet and interacting with this network and other decentralized financial services. The ParaSwap user interface provides users with various information, such as estimated costs and minimum amounts, to help them make informed trading decisions.

Some of the key features of ParaSwap include splitting large orders into decentralized exchanges, allowing users to exchange or trade Ethereum tokens in bulk, and enabling users to interact with a wide range of smart contracts to swap their tokens directly.

What is the PSP Token?

ParaSwap offers a Swap Transfer feature that allows users to send cryptocurrency to their friends, even if they don't own it. This is made possible by the PSP token, which is used to achieve decentralization and efficiency within the ParaSwap DeFi network. To build a strong community, 7.5% of the token's total supply is allocated to existing users. PSP token holders can also stake their tokens to improve the currency and earn PSP rewards. ParaSwap charges fees for their services, which are deducted from successful and positive swaps made by users.

Current price:

$0.02385More price details

All-time high:$7.6

All-time low:$0.01265

PSP supply and tokenomics

Circulating supply:744,976,900 PSP

Total supply:1,800,000,000 PSP

Max supply:2,000,000,000 PSP

Market cap:$17.77M

Fully diluted market cap:$47.70M

Links

Website:https://paraswap.xyz/

Whitepaper:https://developers.paraswap.network/

X:https://twitter.com/paraswap

GitHub:https://github.com/paraswap

Buy ParaSwap for $1Buy PSP now

What is the development prospect and future value of PSP?

The market value of PSP currently stands at $17.77M, and its market ranking is #978. The value of PSP is not widely recognized by the market. When the bull market comes, the market value of PSP may have great growth potential.

As a new type of currency with innovative technology and unique use cases, PSP has broad market potential and significant room for development. The distinctiveness and appeal of PSP may attract the interest of specific groups, thereby driving up its market value.

What will the price of PSP be in 2025?

Based on PSP's historical price performance prediction model, the price of PSP is projected to reach $0.03143 in 2025.

What will the price of PSP be in 2030?

In 2030, the PSP price is expected to change by -13.00%. By the end of 2030, the PSP price is projected to reach $0.05408, with a cumulative ROI of +127.93%.

Reminder: Just like all cryptocurrency investments, investors must closely monitor the market performance of PSP and be aware of the associated risks. The world of cryptocurrencies is full of uncertainties, so thorough research and preparation are essential.

PSP price PSP price prediction PSP news

Is PSP worth investing or holding? How to buy PSP from a crypto exchange?

If you want to buy PSP, the following information may be helpful for your investment decisions:

In the last 7 days, the price of PSP has fallen by -8.29%, leading to negative returns for most PSP investors. The market is currently pessimistic about the price trend of PSP.

It is important to note that the current price of PSP has retreated by -99.69% from its all-time high. This coin is currently considered high-risk, and while its price may rebound in the future, there is significant uncertainty.

Additionally, it's important to understand that each coin has its own optimal times for buying and selling. The optimal time to invest is dynamic: when a coin is undervalued, it's wise to adopt a buying strategy; when it becomes overvalued, you should decisively sell the coin.

To decide whether PSP is worth investing in, you need to consider various market factors such as the overall trend of the cryptocurrency market, the project's fundamentals, its current market valuation, and whether the current price is suitable for buying. If the project's fundamentals suddenly change or the price becomes excessively high, you should adjust your investment strategy and trading operations accordingly.

Your investment decisions should be based on your own risk tolerance, financial status, market analysis and research, especially the timing of your investments. Correct timing can ensure more reliable returns. Keep in mind that investing in PSP or any cryptocurrency comes with certain risks and uncertainties.

Regardless of your outlook on the development prospects and future trends of PSP, if you want to buy or sell PSP, you can consider Bitget for your trading needs. The best place to buy PSP is an exchange that offers hassle-free and secure transactions, combined with a user-friendly interface and high liquidity. Every day, millions of users choose Bitget as their trusted platform for crypto purchases.

Investing in ParaSwap has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy ParaSwap. Here's a step-by-step guide on how to buy ParaSwap on Bitget.

Buy PSP now Coin buying guide

How to get ParaSwap through other methods？

Using cash to buy ParaSwap is not the only way to obtain ParaSwap. If you have the time to spare, you can get ParaSwap for free.

Learn how to earn ParaSwap for free through the Learn2Earn promotion.

Earn free ParaSwap by inviting friends to join Bitget's Assist2Earn promotion.

Receive free ParaSwap airdrops by joining ongoing challenges and promotions.

All crypto airdrops and rewards can be converted to ParaSwap through Bitget Convert, Bitget Swap, or spot trading.

What is ParaSwap used for and how to use ParaSwap?

The use case of ParaSwap may expand as the crypto market and the project itself develop. Currently, you can use PSP to achieve the following goals:

Arbitrage by trading PSP: Since PSP is a frequently traded cryptocurrency, the price of PSP is always fluctuating. Earn more PSP by buying low and selling high on the exchange. Bitget spot market provides a variety of PSP trading pairs to fully meet your needs.

Earn by staking PSP: You can also generate income through financial management methods such as staking PSP or lending PSP. Bitget Earn offers a variety of financial products designed to help you earn more income from your PSP.

Send or pay PSP: If you want to give PSP to your friends, a charity, or a fundraiser, or you want to pay someone with PSP, you can quickly and easily send PSP to the recipient through their payment address.

You can also go to the official website of the ParaSwap project to learn more about the use cases of PSP. For example, find out if the project supports the use of within its community or ecology, or if the project allows you to purchase physical or virtual products in .

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