Gameswap

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Discover Gameswap's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is Gameswap?

Gameswap (GSWAP) is a decentralized exchange built on Ethereum that allows users to trade, earn, and own game assets. It enables gamers to easily create and trade gaming NFTs in a neutral platform that they govern and own, powered by DeFi and the GSWAP token.

How is Gameswap used?

Gameswap (GSWAP) is a decentralized exchange built on Ethereum that enables users to trade, earn, and own game assets. It allows players to buy, sell, and trade in-game items without the restrictions of traditional gaming systems. The platform leverages Ethereum standards and the latest innovations in decentralized finance (DeFi) to achieve markets in equilibrium even with full decentralization. Users manage their inventory via non-custodial crypto wallets such as MetaMask, where they can place swap or cash-out orders for their wallet assets.

How do I store Gameswap?

To store Gameswap (GSWAP) tokens, you have several options depending on your needs and preferences. Here are the main methods:

Storing on a Centralized Exchange (CEX)
  • Convenience: Holding your GSWAP tokens on a CEX provides easy access to various investment products and features, such as spot and futures trading, staking, and lending.
  • Security: The exchange manages your private keys, ensuring your funds are secure as long as you choose a reputable exchange with strong security measures.
Storing in a Non-Custodial Wallet
  • Control: With a non-custodial wallet, you have complete control over your private keys, ensuring that you are the only one who can access your GSWAP tokens.
  • Security: This option is more secure if you are concerned about the safety of your funds, but it requires you to manage and secure your private keys yourself. You can use various types of wallets, including hardware wallets, Web3 wallets, or paper wallets.
Using a Multi-Asset Wallet
  • Atomic Wallet: This wallet supports over 1,000 coins and tokens, including GSWAP. It offers private and secure storage, with no registration or KYC required. Your private keys are encrypted and remain on your device, ensuring you have full control over your funds.
Using a Decentralized Wallet
  • MetaMask: You can add GSWAP to MetaMask by importing the token's contract address. This allows you to view your token holdings, trade on decentralized exchanges, and more.
Hardware Wallets
  • Ledger: Hardware wallets like Ledger are suitable for long-term storage of large amounts of cryptocurrency. They are not connected to the internet, making them more secure than hot wallets.
General Tips
  • Seed Phrases: Always store your seed phrases securely to avoid losing access to your wallet and funds.
  • Research: Choose a wallet that fits your trading preferences and needs, considering factors like security, convenience, and fees.

By selecting the right storage method, you can ensure the safety and accessibility of your Gameswap (GSWAP) tokens.

How to buy Gameswap?

To buy Gameswap (GSWAP) tokens, follow these steps:

  1. Choose a Crypto Wallet: Select a reliable crypto wallet that supports GSWAP, such as Coinbase Wallet, MetaMask, or TrustWallet. Ensure it works well in your area and accepts your preferred payment method.

  2. Set up Your Wallet: Create an account, provide personal information, and set a strong password. Note down the secret recovery phrase or seed words carefully.

  3. Buy a Base Currency: Choose a cryptocurrency exchange platform and buy a base currency, such as Bitcoin, Ethereum, or Tether, which can be used to trade GSWAP.

  1. Transfer Funds to Your Wallet: Withdraw the base currency to your crypto wallet by providing your wallet address and the amount you want to transfer.

  2. Choose a Decentralized Exchange (DEX): Select a DEX that supports your wallet, such as Uniswap (V2) or Pancake Swap. Ensure the exchange supports the GSWAP token.

  3. Buy Gameswap (GSWAP): Connect your wallet to the DEX, select GSWAP, and enter the amount you want to trade. Be cautious of market trends, trading fees, and crypto taxes.

  1. Alternative Option: If GSWAP is not listed on the DEX, you can use bscscan or etherscan to locate the smart contract address and paste it into the DEX to complete the transaction.

Additionally, you can also buy GSWAP on a centralized exchange (CEX) like Binance or KuCoin by creating an account, verifying your identity, adding a payment method, and purchasing GSWAP directly with fiat currency or by exchanging it with a popular cryptocurrency.

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History of Gameswap

Gameswap (GSWAP) is a decentralized exchange built on Ethereum that allows users to trade, earn, and own game assets. It provides players with the freedom to buy, sell, and trade in-game items without the restrictions of traditional gaming systems. The platform is powered by DeFi and the GSWAP token, which is used for transactions and governance within the ecosystem.

Historical data for Gameswap is available on various platforms, including CoinCarp and CoinCodex, where users can view daily, weekly, or monthly price data in the currency of their choice. These tools allow for detailed analysis of the token's performance over time.

Gameswap's price performance has been tracked since its inception, with notable milestones such as its all-time high of $26.32 on November 16, 2021. The token has experienced significant fluctuations in value, with a current market capitalization of $8.25 million and a circulating supply of 11,899,665 GSWAP.

The project's long-term price prediction is based on factors such as historical data, market sentiment, technological advancements, and the demand-supply mechanism within the GSWAP ecosystem. Analysts forecast substantial growth in the coming years, with potential price ranges from $7.95 to $19.50 by 2030.

Technical analysis tools like moving averages, relative strength index (RSI), and volume are used to evaluate the token's performance and identify trading opportunities. These indicators help traders quantify potential risks and rewards, enabling them to make informed decisions about investing in GSWAP.

Overall, Gameswap's history reflects its mission to provide a decentralized platform for gamers to trade and cash-out in-game assets with crypto, governed and owned by the community itself.

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How Gameswap works

Gameswap (GSWAP) is a governance token for the Gameswap decentralized exchange (DEX), which focuses on trading in-game assets and NFTs. Here's an overview of how it works:

Token Overview

Gameswap (GSWAP) is the native token of the Gameswap DEX and is also part of the upcoming Avalanche subnet. It serves as a governance token, allowing holders to participate in decision-making processes within the Gameswap ecosystem.

Acquiring GSWAP

You can acquire GSWAP tokens through various methods:

  1. Buying on Exchanges: GSWAP can be purchased on centralized exchanges like KuCoin or decentralized exchanges like Uniswap. You can use fiat currency or other cryptocurrencies to buy GSWAP.
  2. Farming: GSWAP can be earned through farming, which involves providing liquidity to specific pools on platforms like Uniswap or Balancer. This method is recommended by the Gameswap team.
  3. Protocol Rewards: Once the Gameswap product is released, GSWAP can be earned as protocol rewards.
Using GSWAP

GSWAP tokens are used for governance and decision-making within the Gameswap DEX. They also have a role in the Avalanche subnet, which is currently under development.

Gameswap DEX

The Gameswap DEX is a community-driven platform designed for trading in-game assets and NFTs. It aims to provide a decentralized and peer-to-peer trading environment, distinguishing itself from centralized exchanges (CEXes) that claim to be P2P but are actually controlled by firms or have closed ecosystems.

Security and Wallets

To store and manage GSWAP tokens, users need a crypto wallet. Popular options include Coinbase Wallet, MetaMask, and TrustWallet. It is essential to choose a wallet that suits your trading preferences and follows your preferred policies. For beginners, hot wallets are recommended for quick and online payments, while cold wallets offer higher security for long-term storage.

Trading and Liquidity

When trading GSWAP, it is crucial to consider liquidity and trading fees on the chosen exchange. Higher liquidity typically leads to better pricing and tighter spreads. Diversifying your portfolio by investing in multiple cryptocurrencies can help spread risks and increase the chances of success.

Overall, Gameswap (GSWAP) is a token designed to facilitate governance and trading within the Gameswap DEX, which focuses on in-game assets and NFTs. Its acquisition and usage involve various methods, including buying on exchanges, farming, and protocol rewards.

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Gameswap's strengths

Gameswap (GSWAP) is a decentralized exchange built on Ethereum that allows users to trade, earn, and own game assets. It provides players with the freedom to buy, sell, and trade in-game items without the restrictions of traditional gaming systems. Here are some of the strengths of the Gameswap token:

  1. Decentralized Gaming Platform: Gameswap offers a decentralized platform for gamers to trade and manage in-game assets, providing a more open and democratic environment for the gaming community.

  2. Freedom to Trade: The platform allows users to buy, sell, and trade in-game items without the restrictions imposed by traditional gaming systems, giving gamers more control over their digital assets.

  3. DeFi Integration: Gameswap is powered by DeFi (Decentralized Finance) technology, which enables users to participate in various financial activities such as lending, borrowing, and yield farming, further enhancing the platform's functionality.

  1. Governance: The platform is designed to be governed by its users, ensuring that the community has a say in the direction and development of the project.

  2. Tokenomics: Gameswap has a well-defined tokenomics structure, with a total supply of 20 million GSWAP tokens and a circulating supply of around 11.9 million tokens. This structure helps to maintain a balance between token availability and scarcity, which can impact the token's value.

  3. Trading Availability: GSWAP tokens can be traded on various decentralized exchanges, including Uniswap V2, making it accessible to a wide range of users.

  1. Technical Analysis Tools: The token's price can be analyzed using technical indicators such as moving averages, relative strength index (RSI), and volume, which helps traders make informed decisions about buying and selling GSWAP tokens.

These strengths contribute to Gameswap's potential as a cryptocurrency project, offering a unique solution for the gaming community and providing users with a range of financial opportunities.

Gameswap's risks

Gameswap (GSWAP) is a decentralized exchange built on Ethereum that allows users to trade, earn, and own game assets. It provides players with the freedom to buy, sell, and trade in-game items without the restrictions of traditional gaming systems. The financial risks associated with Gameswap are primarily related to its high-risk investment profile.

High-Risk Investment Profile

Gameswap's current risk score indicates that it is a relatively high-risk investment. This is a significant concern for investors who prioritize risk assessment. The risk gauge rank for GSWAP shows that it is currently a high-risk investment, which may deter traders focused on risk assessment.

Swap Risks

Gameswap, being a swap-based platform, is exposed to two main forms of risk involved in swap contracts: price risk and counterparty risk. Price risk arises due to the movement of the underlying rate or index, affecting the default-free present value of the future payment stream. Counterparty risk refers to the potential for losses that would arise from one counterparty defaulting on their obligation.

Regulatory Risks

Gameswap is also subject to regulatory risks. The platform must comply with local registration or licensing requirements, and any changes in these regulations can impact the investment.

Market Volatility

Gameswap's price is susceptible to market fluctuations, which can lead to significant changes in its value. Technical analysis tools such as moving averages, relative strength index (RSI), and volume are used to quantify the potential risks and rewards through analysis of chart patterns and indicators.

Long-Term Price Prediction

Despite these risks, long-term price predictions for Gameswap suggest substantial growth. By 2030, the minimum price is predicted to be $13.95, with an average price of $16.75 and a potential high of $19.50. This prediction is grounded on continued adoption and advancements in blockchain technology, ultimately pushing the prices upwards.

In conclusion, Gameswap's financial risks include its high-risk investment profile, swap risks, regulatory risks, and market volatility. However, long-term price predictions suggest potential growth, making it essential for investors to carefully consider these factors before making investment decisions.

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Did Gameswap raise funds?

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Gameswap’s team

  • Founder and Team Members: The team behind GameSwap includes the founder and several other key members who are responsible for developing and maintaining the platform. The founder is not explicitly mentioned, but the team includes developers, designers, and other professionals who are experienced in blockchain technology and decentralized finance (DeFi).

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