We did our research & believe that it would an interesting phase coming-up for this coin!
If you are new to crypto investing, you need to start with an account in an exchange, like Coinbase, Binance, WazirX (in India), Crypto.com, etoro, etc.
Please note that this is not a financial advice. Do your research before you invest.
Today, we present you with FalconSwap
What is FalconSwap?
FalconSwap is a layer 2 protocol for decentralized token swaps and token pools with added benefits including privacy, lower gas fees and aggregation.
As you know, currently, gas fee on Uniswap is very high and there are many other projects & teams that are trying to solve this problem. FalconSwap team is about to launch FalconSwap V2 Exchange, which aims to provide privacy, lower gas fees and lower slippage.
Why do we think it has the potential to explode?
Product status
FalconSwap team very recently shared an update about it’s V2 launch.
It’s Co-founder Tim, on 8th April 2021 communicated on it’s telegram community that the audit process got started 1 to 2 days back and are waiting for the audit report. They have a full launch planned after the audit is complete.
FalconSwap Exchange is running a beta version currently and people seem to be using it without much problems. From it’s telegram community, we see positive response for the beta version.
Thanks to the pinned message in their telegram community. It has a lot of information about the project & updates.
Market cap
FalconSwap is currently having a market cap of 20 million while it’s competitors like, Uniswap is having 15.5 billion, Pancake swap at 2.5 billion, Sushi swap at 2.1 billion, Matic at 1.8 billion, Z K swap at 700 million and others
Do you now see the potential of FalconSwap? If FalconSwap V2 Exchange is out and if it gains momentum, then what do you think can be the market cap of FalconSwap?
Price chart
Also, if we look at their price chart, with the kind of product they are working on, we are yet to see that big jump. Looks like, the market is waiting for the launch and it’s impact on gas fee and slippage.
This is all something that excites us about FalconSwap.
Concerns / Risks
People do have some complaints with FalconSwap team being anonymous.
But from our research, we see that they have investors, like Magnus capital, Fengshui capital and Blackmamba ventures. We see FalconSwap being listed on the protfolios of both Magnus capital and Fengshui capital.
So with this info, we assume, I reiterate, we assume that FalconSwap team may not be anonymous to their investors.
Also, in addition to investors, FalconSwap has partnerships with Trustswap, Ethverse, Chainlink.
Final Thoughts
So, that is it. With all the above research, we think FalconSwap has a very good potential to be a top performer in crypto space in the coming months.
We hope this will help you in your analysis & research!
