So I had an idea which I have brainstormed and would like opinions and questions answered by our very own Nimiq Community.
By now, most of us know about UniSwap. If you don’t know UniSwap, than my good friend Google can describe it for you:
Uniswap is a decentralised exchange in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open source front-end client. It’s a 100% on-chain market maker allowing the swapping of ERC20 tokens, as well as ETH to an ERC20, and vice-versa.
Okay, so I see some of you already thinking: Nimiq OASIS! Yes… yes indeed, yesyesyes. How cool would it be, to have a UniSwap version with the OASIS protocol.
Ladies and Gentlemen: NimSwap.com is born (hey don’t worry - I already registered that domain, that’s how serious I am about this) Another cool thing about NimSwap is that the name NimSwap still gives credits to Nimiq that made OASIS. That’s why I think NimSwap.com is the perfect name for this Decentralized Exchange.
With OASIS you can swap anything but the focus is on Cryptocurrencies first. Imagine, trading cryptocurrencies with superlegendary low fees. Right now on UniSwap the fees are skyhigh. For example, yesterday I paid $55 for a $400 txs. No, that’s no typo, and yes, your eyes are still working fine. Everyone that supports Nimiq will benefit from it because the %1 fee that will be charged will be used to buy $NIM off the market, thus making it more scarce and valuable. NIM transactions will skyrocket, A lot of NIM will be bought from the market with the %1 fee and everyone has a cheap, safe, reliable and fast way to exchange things without trusting a third party.
I’m still in the brainstorming fase and i’m taking notes. What I would like to know from you guys is:
What is your opinion on this idea?
Do you think this is technical possible to realize?
And if you think you can be part of the development of realizing this, let me know! Salary and funding are on the table.