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Nitro Badge NFT holders gain early access to NitroSwap

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On February 25, the Nitro Labs team announced that Nitro Badge NFT holders can now access the AMM DEX NitroSwap built on the Nitro test network in advance. Nit…

Nitro Badge NFT holders gain early access to NitroSwap

On February 25, the Nitro Labs team announced that Nitro Badge NFT holders can now access the AMM DEX NitroSwap built on the Nitro test network in advance. NitroSwap will be publicly released at 13:00 PST on March 2 (5:00 Beijing time on March 3).

AMM DEX NitroSwap based on Nitro test network will be officially launched in March

Interpretation of the news:


Nitro Labs, a blockchain start-up, recently announced that Nitro Badge NFT holders can now have early access to NitroSwap, an automated market maker (AMM) decentralized exchange (DEX). As a test network, NitroSwap is not publicly available until March 2, and only those who possess Nitro Badge NFTs are provided exclusive access in advance.

Nitro Badge NFTs are digital tokens issued by Nitro Labs to their community members as a proof of participation, activity, and contribution to the Nitro ecosystem. Nitro Badge holders can utilize the NFTs to interact with various Nitro-based decentralized applications (dApps), earn incentives, and access exclusive features. With the new announcement, Nitro Badge holders can now trade native Nitro tokens and other ERC-20 tokens on NitroSwap before anyone else.

NitroSwap is built as a part of the Nitro Protocol, which aims to provide a high-speed, scalable, and low-cost infrastructure for blockchain applications. NitroSwap uses an AMM design to enable token swapping without relying on order books or centralized intermediaries. Instead, the exchange smart contracts rely on algorithms that balance the token pools and determine the exchange rates. With the core philosophy of decentralization, transparency, and security, NitroSwap enhances liquidity and user experience with minimum intervention from centralized entities.

By offering early access to NitroSwap for Nitro Badge holders, Nitro Labs incentivizes community engagement and token ownership. Moreover, it promotes a fair and equitable distribution of tokens and governance power among the Nitro network participants. It also serves as a test ground for NitroSwap’s features, security, and efficiency which can help refine the platform further.

NitroSwap will be available to the public on March 2, Pacific Standard Time, and Nitro Labs encourages everyone to participate in NitroSwap’s launch and to join the Nitro community to learn more about the protocol’s vision and future developments.

In conclusion, Nitro Badge NFT holders gain early access to the Nitro test network’s AMM DEX NitroSwap. This move promotes community involvement, promotes equitable distribution of tokens, and serves as a testing ground for future platform enhancements. NitroSwap will add to the Nitro protocol’s infrastructure and provide users with a decentralized exchange to trade tokens.

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