The Fantom ecosystem last week has seen many positive changes as the Fantom Foundation launched an "economic stimulus package" of more than $300 million rewards to Defi builders and projects when they meet certain criteria set by the Foundation. This can be seen as a big push to create a boom for Fantomnians when Fantom's award is almost the highest compared to Layer-1 platform competitors. Today, Black Mamba Ventures introduces to you the SpiritSwap project, one of the two pioneering arrows in the native AMM on Fantom Blockchain.
SpiritSwap is a DEX/AMM forked from PancakeSwap officially launched to the community at the end of April 2021. If you have already known and used one of the major DEX/AMM platforms like UniSwap, SushiSwap, or PancakeSwap then SpiritSwap will not be so tricky to get you to approach right away since its UI/UX language is so easy to interact with. So what's outstanding about SpiritSwap for us to "try before you trust”?
→ As a fork of PancakeSwap but deployed on Fantom Opera, so SpiritSwap's DEX/AMM inherits Fantom's blockchain advantages such as extremely low gas fees ($0.0001), low block times (1-10s), TPS throughput is quite high and the blockchain structure is compatible with EVM, so the user experience can be brought from Ethereum.
→ Being the first pure DEX/AMM project to be deployed on Fantom Blockchain next to SpookySwap, it helps to attract the value and volume of liquidity that is quite fragmented in this ecosystem.
→ SpiritSwap received a grant from Fantom Foundation right from the time of launch.
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