Introducing TimechainSwap — Fantom’s new advanced aggregation protocol

Dear Timechain Community!

We’ve had an eventful few weeks, ultimately resulting in the official release of our first working DEX aggregator MVP and our official Discord server. We did not anticipate the excitement and support of over 3,000 members in our Discord and followers on Twitter who joined us in our first two weeks. We don’t take this for granted, and we’re thrilled to embark on this journey with such a supportive and enthusiastic Fantom community.

As a thank you for the incredible support, we have plenty of exciting community contests, airdrops and other surprises in store for you! We’re ecstatic to have you on board, and we appreciate everyone who believes in our fledgling project and vision.

With this in mind, we’d like to provide an overview of Timechain’s future as well as the people behind our Fantom DEX aggregator, https://timechainswap.com, which launched on the 5th of August.

Decentralized exchanges are a rapidly growing field of operation for both new and existing blockchains. The use case for DEX aggregators becomes clear as a result of their high demand. Decentralized exchanges are just as hot as the next yield farming platform, with DeFi on Fantom gaining popularity and use-cases every day.

This trend has resulted in a large number of different DEXs across all chains, which can be confusing to both newcomers and veterans. Keeping track of all of these exchanges can be exhausting, not to mention time-consuming, if you want to find the best prices or yields. Users can get lost in the vast number of trading platforms when trying to find the best possible exchange to swap funds.

With aggregators like Timechainswap, users can access all DEXs in one place, making it easier to find the best rates for their trade.

Timechain provides its users with an automated search with the click of a button, eliminating the need for time-consuming manual research through all of the exchanges.

Timechain saw a need for a Fantom Opera Network-based service. Fantom, as a relatively new but rapidly growing blockchain with new projects launching on a regular basis, positions itself in a favourable environment for DeFi applications. DEXs are incredibly popular right now, with over a dozen projects already offering AMM services on the new network.

With the likes of Spiritswap , Sushiswap, Spookyswap, Paintswap, etc the list of AMM’s named after food and mystical creatures are fairly confusing for users. In a growing network, it is critical for new users to understand not only the network itself, but also the entire ecosystem and community. We help to lower the entry barrier and prevent confusion in a sea of unique DEX’s available by providing a one-stop destination for trading and DeFi activities.

With the rapidly growing community, the lack of Fantom-based aggregators ensures a first-mover advantage, similar to what ETH’s 1inch had in the early stages of the DeFi space on the ETH network.

Timechainswap wants to be the most competitive DEX aggregator platform for the Fantom network. Providing users with a more seamless and cost-effective tool for their blockchain activities will be a critical milestone in the evolving ecosystem of decentralised exchanges. TimechainSwap will continue to expand to more pairs and networks as part of our ongoing development plans to become an interoperable DeFi platform.

Timechain currently aggregates all major DEX’s on the Fantom Opera Network, giving users access to the provided liquidity on Spiritiswap, Spookyswap, Paintswap, Sushiswap, Curve, Wakaswap, Hyperjump, Elk Finance and Operaswap. Using the dedicated algorithm, developed by Timechain, the routes across all of these exchanges will be optimized for more efficient trading to save the users money and time. Paired with a custom built network bridge (currently in development) across all major blockchain networks, users will be able to directly transfer TCS and other assets across the Fantom, BSC and Ethereum network.

Holders of our native Timechain token TCS, will save on bridging fees when using the cross-network transfer, further incentivizing the usage of the token and increasing utility. TCS will be used in a variety of use cases across the Timechain ecosystem, including fee reduction, the participation in IDO’s and the attractive passive income opportunities that DeFi offers.

On Timechain itself, all AMM pools will be paired with the Timechain token, to streamline the user experience. Deeply integrated into the platform’s ecosystem, the token will also be used in the standard yield farming opportunities such as staking and liquidity pools, earning the user passive income on their investments.

The launch on the Fantom Opera network however, will only be the beginning for Timechain. Bringing a well featured and secure aggregator across all major networks and incorporating DEX’s such as Pancakeswap and Uniswap is the next logical step for the platform.

The team behind Timechain consists of a number of experienced team members and advisors. For a young start-up the Canada, Montreal based development team of Timechain already has 20 dedicated members, spanning from Management to communication and design.

Fintech savy founder and CEO Louis Cleroux has a successful entrepreneur background and assembled a highly trained team of business and blockchain experts. DeFi expert Thien Duy Tran responsible for the portfolio management can look back at 7 years of experience at the new yorker management advisor company mercer, culminating in a senior position as investment consultant. Together with the young entrepreneur and management expert Jeremie Picard, the two form a strong backbone in the finance and management aspect of the project. But the most important part in the crypto world is probably the tech aspect. With the AI and blockchain specialists Basanth Verma and Reza N. the team has impressive tech-leads with years of experience as ecosystem architects in the IT-sector.

Having already formed powerful partnerships with notable advisors and Fintech entrepreneur programs, Timechain and its highly experienced team is more than capable of building the much needed one-stop DEX aggregator needed on the Fantom network. And with the strong and welcoming Fantom community, the environment couldn’t give a better opportunity to achieve all set goals for the project.

TimechainSwap wants to be the most competitive DEX aggregator platform for multiple DeFi networks. Providing users with a more seamless and cost-effective tool for their blockchain activities will be a critical milestone in the evolving ecosystem of decentralised exchanges.

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