Bebop goes live on Polygon and launches token trading
Bebop says it chose to launch on Polygon because of the network’s “low cost, high speed and sustainable proof-of-stake model.”
Bebop, which happens to be a newly created decentralized trading platform offering one-to-many and many-to-one trading of digital assets, has now positioned itself live on Polygon. Bebop is an entity that was developed by Wintermute, a well-known and highly regarded digital asset market developer in the industry. Bebop has the ability to exchange a single token for a group of tokens as one of its many features.
This situation can also function in the opposite direction, allowing for the swap of multiple token types for one. All of this is achievable in the case of a single transaction. Bebop has currently established itself on the Polygon platform. Earlier, it was perched on Ethereum for the sake and benefit of a particular community of white-listed users. In this scenario, a waiting list of more than 30,000 prospective users had been created.
Under the present situation, Bebop is positioned to provide its numerous users with the added benefit of rapidly changing markets. This is made possible by the entity allowing users to enter and exit in many positions simultaneously. This, in turn, gives all of the connected users the added advantage of having to pay lesser amounts in the form of market fees.
There is also the assurance of no-slippage trades, which is a great boon for all users. As a zero-slippage platform with full price transparency, Bebop is always looking for new ways to provide efficient execution, according to Katia Banina, the company’s head of product.
By deploying on Polygon, Bebop becomes a part of a booming community of tens of thousands of dApps, including some of the biggest Web3 projects such as Uniswap v3, OpenSea, and Aave.
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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.
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