Last week, Safe Haven officially launched SafeSwap, a decentralized atomic swapping platform, where tokens can be swapped between different blockchains and wallets.
SafeSwap is eliminating trusted intermediaries and unnecessary forms of high gas fees allowing users to execute fast and efficient swaps. As usual, Safe Haven’s focus is on setting the standard for decentralization, security, and efficiency.
Upon the launch, the supported blockchains are VeChain (VIP-180), Ethereum (ERC-20), Polygon (MATIC) and Binance Smart Chain (BEP-20), with more options to come in future updates.
Most importantly, SafeSwap is a protocol aimed at supporting Safe Haven and its partners in utilizing their developed solutions beyond their native chain. SafeSwap is to be the bridge that delivers innovation to multiple blockchain communities, through dynamic decentralized swaps.
SafeSwap opens a door to multi-chain capability for project owners and builders
With the release of SafeSwap there arrives a business-to-business solution that is open to all interested EVM-based projects.
99% of the projects out there are, just as Inheriti® (our flagship product to create decentralized digital inheritance and backup plans), limited to their native blockchain. Safe Haven will be able to list other projects on SafeSwap and help them to deploy products cross-chain. This allows Safe Haven to also use SafeSwap as Atomic Swap as a Service (ASaaS) which will help to expand market-reach for Safe Haven as well as for projects listed on SafeSwap.
Safe Haven will only allow security audited projects to be listed on SafeSwap, to ensure the integrity of the solution and manage risk for all partnered organizations and users.
For Inheriti®, the launch of SafeSwap means that the heavily encrypted data will soon be able to be deployed across different blockchains, providing greater resilience and ensuring the longevity of Inheriti® for decades to come.
It will no longer be limited to 1 blockchain and its features or compatible wallets for the SHA token.
SafeSwap will help to take Inheriti® cross-chain which allows Safe Haven to bring decentralized digital inheritance and backup solutions to other blockchains.
Key benefits of using SafeSwap for your blockchain project
#1 – Lower Development & Operational Costs
By listing your project on SafeSwap, you can make use of the atomic swap protocol we’ve carefully developed, without having to spend all the time, energy and funds yourself.
We’ve basically already done all the work for you.
You simply pay a one-time SafeSwap listing fee and our team will take care of the rest.
Sounds good? Click here to apply for a Safeswap listing »
#2 – Reach Broader Audiences
Thanks to having your token available across multiple blockchains, it’s obvious you’ll have a broader audience and reach more people.
SafeSwap will accelerate your efforts in getting more eyes on your project. It will not only help your project to gain utility, but also your user base will grow organically.
#3 – Offer More Wallet Choices
Another one of the perks of having your token and dApp deployed across multiple blockchains, is that your users and token holders are given a much bigger variety of wallets they’re able to use.
You no longer have to lock them in your native chain or limit their wallet choice, but instead you’ll be able to offer them much more freedom.
This again will help you to reach a broader audience, get more eyes on your project and grow your user base.
#4 – No Centralized / Third-Party Liquidity Needed
Key advantages of an atomic swap revolve around its distributed nature. For instance, it enables cross-chain interactions without the need for third-parties like centralized cryptocurrency exchanges.
Liquidity is always present, as the platform utilizes pools that are specifically dedicated to one-for-one swaps with relation to each token’s total supply.
Liquidity when you need it.
#5 – Launch dApp(s) Across Multiple Blockchains
Having your token deployed across different blockchains, also means you can deploy your dApps across multiple blockchains.
This significantly reduces your limitations of building, since you’re able to use the best features of every blockchain.
Just as SafeSwap will give your users more freedom and your token more utility, you as a builder will experience massive growth too!
#6 – Go Cross-Chain Without Changing Your Tokenomics
Becoming blockchain agnostic is critically necessary for the continued growth of digital asset issuers and their blockchain solutions.
Because digital assets cannot organically move between blockchains, new assets must be created on the target chain. A potential bi-product is the need to adjust the original tokenomics established, causing inconsistencies within the business model.
SafeSwap is different: through smart-contract Atomic Swaps, token issuers no longer have to sacrifice the integrity of their business proposition.
#7 – Swaps Straight From And To The User’s Own Wallet
While using SafeSwap, all wallets used within the process are owned strictly by the user. At no point during the process of using the platform does the user lose control of the assets being swapped.
#8 – Zero Platform Fees For Failed Swaps
SafeSwap carries a no-loss concept. Digital assets are safe, even in the scenario that a transaction fails.
SafeSwap’s technology ensures that your users have a pleasant experience, to include no asset loss for unseeable circumstances.
#9 – Enhanced User Security And An Additional Security Layer
As a truly peer-to-peer platform for swapping digital assets between two blockchains, we take security seriously. SafeSwap’s atomic swaps enhances user security during a swap, without trusting third-parties with the custody of funds.
The user always stays in charge via the connected wallets.
SafeSwap also has an additional built-in security layer, a backend code that ensures funds are only claimable on the same device as from which the swap was initiated.
More so, the larger the asset swap, the more confirmations are necessary to solidify the correct execution.
#10 – Trackable Swaps
Every swap conducted on SafeSwap is trackable via the blockchain explorer, which allows you to review transaction status to see if it was successful and even check out the amount of gas that was used.
This visibility into each transaction also provides necessary information for taxes.
The Real Competitive Advantages Behind SafeSwap
- Digital native assets can be used across multiple blockchains without having to adjust tokenomics or migrate across blockchains.
- Projects can strategically target special features of other blockchains (e.g., technology, speed, cost, foundation support, funding, partnerships) and offer their solutions to new user bases.
- SafeSwap does not require Liquidity Pools (LPs), which ensures 24/7 access to users without worry about slippage.
- SafeSwap enables users to swap tokens directly from their wallets without losing custody during the process.
- Easy-to-use and familiar interface that was beta tested by a large group of users.
Is SafeSwap a Game-Changer?
There are a many great swap solutions being introduced to the market and not all are created with the same approach.
SafeSwap gets several things right and puts the focus back on security and user-control, something Safe Haven is well-known for.
If nothing else, SafeSwap is a breath of fresh air in an already stifled room of swap protocols and should definitely be considered as a true contenders-platform.Back to news