The Hive blockchain is never short of creativity and improvisations. This goes ahead to confirm the healthy level of decentralization we have here. Every user has the freedom to engage his creativity for the good of all other users if they care to utilize. Here, there is no monopoly of creativity and innovation as obtainable in web 2 socialmedia. There is always the access to resources to BUIDL and scale any project on Hive that seeks to solve one or more problems. We are never held bound in the dilemma when one dapp's server is down. There is always an alternative with comparative advantage. Where these improvisations and options abound, there is always the growth tendency as all the devs are always at work to improve and add more features that make our blogging experiences here seamless.
Just when I thought I've seen and used all of Hive's second layer dapps, I discovered BEESWAP, a wallet dapp that allows hive users to access and manage their hive-engine assets including Splinterlands assets. Like hive-engine.com, leodex.io and tribaldex.com, BEESWAP is a bridge service between the native blockchain token (HIVE) and it's equivalent on the hive-engine side chain (SWAP.HIVE).
One of the very top feature of BEESWAP that gives it a competitive advantage to other HIVE wallet dapp that links hive-engine wallet is that it 0.25% commissions on deposits/withdrawals to hive-engine, without changing the size of the entire SWAP.HIVE:HIVE liquidity. Indeed, that commission is small when compared to the hive-engine's 1%.
It's amazing to also know that the usage of BEESWAP has been huge such that it tracks an estimated 50,000 HIVE yearly from fees. With a sleek and user-friendly and easy-to-use interface, the use of BEESWAP is going to be on the rise especially with the addition of pools for the native token - BXT.
The landing page as shown above has provision for users to do the following transactions:
- Convert from HIVE to SWAP.HIVE and vice versa,
- Swap between tokens in diselelpools,
- HIVE/HBD Wallet transactions such as transfer, delegate, powerdown, savings and transaction history.
In addition, there is a hive Keychain integration which makes the management of keys on the interface quite safe.
As the is an increasing number of projects building on Hive and taking advantage of the second layer (hive-engine) protocol, there would be the continual need for more dapps for the movement of tokens in/out/within the hive-engine and thus, the relevance of BEESWAP.
Reading the BEESWAP Whitepaper yesterday, it is also interesting that the BEESWAP token (BXT) has been pooled against SWAP.HIVE in the Dieselpool (SWAP.HIVE : BXT) with mouth-watering rewards for liquidity providers. Moreover, unstaking BEE takes just 3 days.
Staked Beeswap Token(BXT) will earn 50% of all the fees generated by BeeSwap, currently estimated at 50k hive yearly.
BEESWAP Accounts
- hiveswap - converting account
- beeswap - token distribution
- beeswap.fees - fees distribution
- beeswap.fund - community fund
BEESWAP Links
- BEESWAP App
- Dieselpools
- Hive account -
It's interesting to know as much dapps on Hive that makes our engagements in this blockchain worthwhile and interesting. Enjoy your ride with BEESWAP and share your experiences.