Privacy is one of the most sorted requirements on blockchain space today. Since the establishment of blockchain technology users and entities have little to no privacy when making transactions on the blockchain as all records are made via blocks which can be viewed by anyone with understanding on blockchain technology works. Taking this into account PlatON Network decided to create something new that brings about privacy and also encompass all advantages available on blockchain technology (meaning it is decentralized and does not depend on a centralized system to operate.
What is PlatON?
Combining blockchain and privacy-preserving computation technologies, PlatON is building a decentralized and collaborative AI network and global brain to drive the democratization of AI for safe artificial general intelligence.
Over the past couple of years, PlatON has been in development stage and I'm happy to announce they recently launched into their Mainnet. This has been eventful with previous partnerships and events, leading to new and existing Dapps running in the PlatON network. An example of these Dapps is called DipoleSwap.
What is DipoleSwap?
DipoleSwap is a decentralized exchange on PlatON Network, with low fees, high trading volume and yield. Built on PlatON Network, it allows a decentralized means of trading. Individuals do not need to complete KYC to set orders, provide liquidity, and generally make trade between paired token on PlatON Network. Since it's establishment, it has completed several partnership that allowed its users to farm one or more tokens. An example of such partnership is StoneAeon. Users are able to trade SCGT (StoneAeon native token) with various listed pairs on DipoleSwap such as SCGT/USDT, SCGT/LAT and many others.
To foster these partnership, DipoleSwap created a stable and LP pool that allowed it users to farm SCGT by either staking LAT on a single pool or provide liquidity with LAT/USDT. This pool has been up for quite a while and users have been able to enjoy high APR with a percentage of 50% and above since the creation of this pool.
Conclusion
As DipoleSwap is fairly new, one can only predict they have various upcoming products in line for it's users. Afterall, bearish season is meant for building. To get more information and product development stage about DipoleSwap ensure to follow their twitter page: https://twitter.com/DipoleSwap and also check out DipoleSwap website: https://dipoleswap.exchange/ . Don't forget to follow us as we hope to share more DApps available on PlatON Network in days to come.