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What is Gogoswap?

We are thrilled to announce that the decentralized exchange (DEX) version of Bgogo is now operational. The new decentralized platform can be accessed at https://gogoswap.finance. Gogoswap maintains the same trading features while significantly improving the user experience to be safer, quicker, and more user-friendly. Over the coming three months, we will oversee a transition phase where Bgogo will completely evolve from a centralized exchange into a decentralized one, in line with the broader industry trend towards decentralization. During this period, both Bgogo and Gogoswap will run concurrently, allowing users to get accustomed to the new trading environment. Users are strongly encouraged to withdraw their assets from the centralized exchange at Bgogo.com before it stops trading on August 31, 2021, and to connect with Gogoswap to take advantage of the innovative features that the decentralized exchange offers. This transition is not only a significant milestone for us but also highlights our dedication to enhancing the trading experience for our users. We believe that this shift will empower our community and foster a more engaged trading ecosystem.

What is Drift?

Despite the decentralized nature of cryptocurrency, centralized derivatives exchanges still enjoy a notable edge due to their speed, user familiarity, and overall reliability. At present, decentralized exchanges (DEXs) struggle to match this level of operational efficiency. Challenges like high slippage for substantial trades, steep gas fees for cross-chain transfers, and limited liquidity that leads to poor pricing are common issues. Drift aspires to transform this landscape by providing a sophisticated trading experience that mirrors that of centralized platforms while remaining within a decentralized ecosystem. Our dedicated team consists of experienced traders and developers from both the decentralized finance (DeFi) sector and traditional finance, working together to realize this ambitious vision. By harnessing the low-latency features of Solana's blockchain, Drift enables users to manage multiple trading positions using a single pool of collateral. This structure facilitates instant liquidity upon listing and allows for rapid trade execution. When users interact with Drift’s virtual Automated Market Maker (vAMM), they can see the precise prices at which their trades are executed, promoting transparency and efficiency throughout the trading process. In essence, this initiative marks a substantial advancement towards closing the divide between centralized and decentralized trading platforms, thereby enhancing the overall trading experience for users.

Media

Media

Integrations Supported

Base App
MetaMask
WalletConnect

Integrations Supported

Aleph
CloudNuro
CryptoTax360°
Flows
Solana
Strategy Overview
WizzCrypto
servis.ai

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Web-Based Support

Customer Service / Support

Not specified

Training Options

Not specified

Training Options

Documentation Hub

Company Facts

Organization Name

Gogoswap

Company Website

gogoswap.finance

Company Facts

Organization Name

Drift Protocol

Date Founded

2021

Company Website

www.drift.trade/

Categories and Features

Categories and Features

DApps

Not specified

DeFi Projects

Not specified

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