The first multi-chain DEX simplifies complex routing between blockchains

Part of what makes cryptocurrency trading so complex is the number of blockchains and exchanges. For example, a user who wants to transfer Binance (BNB) tokens that exist on Binance Smart Chain (BEP-20) may have to go through several steps to obtain LUNA tokens on the Terra network.

Especially when considering new users, this process can take a lot of time searching and comparing decentralized finance (DeFi) tools. Even advanced users have to think about how to track peg token blockchain fees and understand multiple UIs. In fact, a quick glance at Twitter usually reveals how many questions the community has about the cross-exchange bridge solution.

To address this need, cross-chain decentralized exchange (DEX) aggregators were created, each seeking intelligent algorithms to fulfill trade orders across blockchain ecosystems. The result is that aggregators can instantly execute orders at the best price, better leveraging the power of DeFi.

Rango Exchange aims to improve this process, making it a competitive cross-chain DEX aggregator. The exchange effectively becomes a super aggregator, combining DEXs including Uniswap (UNI), SushiSwap (SUSHI) and Bancor (BNT) with DEX aggregators like Paraswap (PSP), Matcha and 1inch (1INCH) with Thorchain ( RUNE) and other cross-chain DEXs), and improve their products through centralized and decentralized bridges such as Terra Bridge and Cosmos IBC.

Apart from the wide range of connections, Rango Exchange lends itself to a 'super' vibe with some extra features. Most notable among these is a simplified user interface, which the platform describes as "magic." The simplified interface enables users to manage complex routes from any token on any blockchain in one cohesive interface, all non-custodial.

In addition to a simple experience, Rango Exchange aims to find the fastest, safest and cheapest way for users to get from point A to point B by utilizing more than 27 blockchains, more than 20 bridges and DEXs, and six cryptocurrency wallets. route. In the near future, Rango will launch Solana (SOL), Polkadot (DOT) and more than 20 blockchains, and more than 30 services, which will be launched in 2022.

Based on intelligent routing system

The strength of the platform lies at the foundation of the project, including its smart routing system and Rango API. The project's high-level API is designed to fetch assets, and manage the routing and creation of transactions.

So, in practice, the API has three main components: a routing API for finding the best route, a transaction API for checking prerequisites and balances, and finally a tracking API for tracking the blockchain and related contracts, computing statistics and Tracking API for Linked Rewards. This API is currently free and open to the public and is intended for use by DApps and wallets that aim to provide cross-chain swap functionality to their end users.

At the heart of Rango Exchange is its utility token, RANGO. In addition to incentivizing growth, RANGO is used for project governance by creating polls and voting. In practice, tokens are rewarded to early project adopters, while part of the transaction view is used to buy back and burn tokens, adding value to users.

Rango Exchange operates with a community-first approach and 44% of the total token supply will be allocated to these community development and growth incentives.

Success starts with a good partnership

The team has reported more than $1.2 billion in transactions over the past six months, likely thanks to the team’s partnerships with Harmony (ONE), Multichain (MULTI), and Celer (CELR). As a result, more than 16,000 users now make up the team's online community on Twitter.

While last year's efforts have proven to be the start of a solid foundation, the next 12 months will bring even more progress. Among them, the team plans to launch their first decentralized exchange product (IDO) in the first quarter of 2022, which is expected to become the world's largest multi-chain hub through future project integration. Users can also look forward to the launch of the paid service later this year. As for Rango's API, the team plans to see 15 to 20 top products using it by the end of the year.