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ParaSwap pricePSP
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About ParaSwap (PSP)
What is ParaSwap (PSP)?
ParaSwap is a user-friendly DeFi platform that simplifies the exchange of Ethereum tokens by aggregating data from multiple cryptocurrency exchanges. The platform seamlessly integrates DeFi services and data from DEXes (decentralized exchanges) into a single interface, making it easy for users to navigate and understand. With ParaSwap, users can easily compare rates of various cryptocurrencies and get the best possible price for their trades.
How does ParaSwap (PSP) Work?
There are numerous decentralized exchanges (DEXes) in the cryptocurrency space, each with its own unique features and benefits. However, the sheer number of DEXes can sometimes hinder the trading experience of crypto users. With so many different interfaces to navigate and understand, users may end up making trades without seeking out the best possible price. To address this issue, ParaSwap has introduced the ParaSwap Edge feature, which aims to streamline DEXes and DeFi services and eliminate the complexities of crypto exchanges. By doing so, ParaSwap aims to enable crypto users to focus on their trading strategies rather than on understanding the fundamentals of these exchanges.
In addition, ParaSwap operates on Ethereum's DeFi platform, which operates without permission. Users can easily get started with ParaSwap by adding their Ethereum wallet and interacting with this network and other decentralized financial services. The ParaSwap user interface provides users with various information, such as estimated costs and minimum amounts, to help them make informed trading decisions.
Some of the key features of ParaSwap include splitting large orders into decentralized exchanges, allowing users to exchange or trade Ethereum tokens in bulk, and enabling users to interact with a wide range of smart contracts to swap their tokens directly.
What is the PSP Token?
ParaSwap offers a Swap Transfer feature that allows users to send cryptocurrency to their friends, even if they don't own it. This is made possible by the PSP token, which is used to achieve decentralization and efficiency within the ParaSwap DeFi network. To build a strong community, 7.5% of the token's total supply is allocated to existing users. PSP token holders can also stake their tokens to improve the currency and earn PSP rewards. ParaSwap charges fees for their services, which are deducted from successful and positive swaps made by users.
PSP to local currency
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ParaSwap Social Data
In the last 24 hours, the social media sentiment score for ParaSwap was 1, and the social media sentiment towards ParaSwap price trend was Bearish. The overall ParaSwap social media score was 135, which ranks 415 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with ParaSwap being mentioned with a frequency ratio of 0%, ranking 608 among all cryptocurrencies.
In the last 24 hours, there were a total of 170 unique users discussing ParaSwap, with a total of ParaSwap mentions of 19. However, compared to the previous 24-hour period, the number of unique users increase by 3%, and the total number of mentions has decrease by 47%.
On Twitter, there were a total of 1 tweets mentioning ParaSwap in the last 24 hours. Among them, 0% are bullish on ParaSwap, 100% are bearish on ParaSwap, and 0% are neutral on ParaSwap.
On Reddit, there were 14 posts mentioning ParaSwap in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 22% .
All social overview
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