What is WIGO Swap? Comprehensive guide to WigoSwap digital currency

WigoSwap, with the symbol WIGO, is a DeFi platform built on the Phantom Opera network. According to Vigo’s creators, this network is a fast blockchain with low costs.

Since the release of the WIGO token, the WIGO Swap price has risen to a high of $0.01. At the time of writing this article, the price of this digital currency has decreased by about 70% compared to its dollar peak. If you are planning to buy Vigo Swap, we suggest that you read this article to the end before buying.

In short, this project is a DeFi platform on the Phantom network. The creators of this blockchain describe it as a fast network with low costs that is very simple to work with. According to Vigo’s creators, using this platform it is very easy to enter the world of GameFi and anyone with any level of knowledge can participate. In part of the statements of the creators of this platform, we read:

VigoSwap is the best choice for DeFi users who want to use a wide range of services and products, security is important to them, and they are looking for a user-friendly environment. This network focuses on innovation and user experience and prepares itself to reach the leadership position in the field of DeFi in the coming years.

Features of Vigo Swap

bazaar, WegoSwap, WigoFarm, Wigo Bank, WigoPlay And several other developing features are among the facilities that this ecosystem provides to users.

bazaar

The marketplace is where assets on the Vigo ecosystem are bought and sold. From NFTs that exist in this network to other items are bought and sold in this section. The activities in this part of the Vigo ecosystem are not so high, but it is not so low that it can be said that it is inactive.

Defy swap protocol

Vigo swap one DiFi protocol This ecosystem benefits from it. The Vigo platform, its swap section, is a decentralized economy Fair It describes that it maintains its stability over time. In fact, WegoSwap is the beating heart of the Wego ecosystem. At first, this feature was only part of the platform, but gradually it turned into an ecosystem.

Vigo Farm

Vigo Farm is a mechanism that users can use through staking They receive WIGO tokens. In this section, the user is rewarded by staking the Wigo-LP token. Wigo-LP is also obtained by staking currency pairs in staking pools.

Read more: What is staking?

Vigo Bank

Wigo Bank has a mechanism similar to Wigo Farm, with the difference that the user invests or stakes the WIGO token in Wigo Bank, and in exchange for this token, Free receives. According to VigoSwap, in the future, various programs and modes for staking assets in Vigo Bank will be offered.

Viggo Poli

Vigo Play is another part of the Vigo ecosystem where users can Simple games or mini games Do. Prediction markets, attractive matches and different leagues are among the aspects that Vigo Play provides to users. Users in Wigo Play play with identities called WigoID, which is actually the ID of users in the Wigo world, or WigoGalexy.

Facilities under development

One of the facilities that this digital currency is developing is called DeTasker, which is a decentralized space for working. In other words, Dtasker is a virtual office for business interactions. WigoRun, WiHee and WiLink are among the other features that are being developed by the Wigo team.

Features of VigoSwap

Simple user interface, Providing various DiFi services, High liquidity, Competitive compensation and benefits, Active community, Technical audits, Using the powerful Phantom Blockchain And Signing partnership agreements with large companies It is among the features that make the project a reliable platform network.

User friendly interface

As you know, the complexity of using DeFi platforms has caused many users to face challenges in using these platforms and entering the decentralized world. Meanwhile, Vigo Swap has a simple user interface. For example, when using Vigo Bank, the user goes through less than 10 steps. Using prediction markets and Vigo ecosystem games is very simple and just a few clicks away.

Providing various DiFi services

In fact, everything you can think of can be found on the Vigo platform. From supporting blockchain bridges to facilities for staking, prediction markets and yield farming. Each of these features are offered in different modules of the Vigo ecosystem, which helps ease of use.

Read more: What is Yield Farming?

Competitive bonuses and fees

Since everything happens on Wigo on the Phantom Blockchain, the fees are also low. On the other hand, staking rewards and prizes intended for participating in contests and winning them are attractive enough to lead the user to use them.

Active community

This part has a little edge about Vigo. Vigo Swap Telegram channel has nearly 3,000 members and about 12,000 people follow the official page of this ecosystem on Twitter. These figures may not be very representative of Vigo’s active society. Therefore, the claim of having an active society can be considered a bit exaggerated.

Security technical reviews

According to VigoSwap, CertiK has reviewed and reviewed this project. It is worth noting that Certic is a well-known company in the field of technical and security reviews in the field of blockchain, and the seal of approval of this company on any project guarantees it to a large extent in terms of security. However, it remains to be seen how Vigo’s ecosystem will continue to function due to the wide range of services.

Built on the Phantom Blockchain

As we said before, this ecosystem is built on the Phantom network, which is economical in terms of fees and has fast performance in terms of transaction confirmation and processing. The fast transactions and powerful performance of a blockchain have a great impact on the performance of the projects that are built on it; Therefore, it can be said that Vigo has a good situation in this aspect.

Business Partners

According to the claim of this project, China Link (Cahinlink), Ankr (Ankr) and Certic are among Vigo’s business partners. This claim also has some limitations; Because China Link provides data to many projects, and in fact, you can also receive data from China Link, and this does not necessarily mean a business partnership between you and China Link!

Is Vigo Swap a valid project?

It is a bit early to answer this question, but it is not bad to check the different dimensions of the project to see how much it is rational to invest in this project.

• Short and concise white paper It is one of the things that impresses this project at first glance. Many interesting events are predicted in this white paper, but none of the details are discussed.
• Many facilities It is one of the positive features of Vigo Swap. In fact, all these features work to an acceptable level and this issue can help the growth of this digital currency and its ecosystem.
• Contact us section It is very weak in this project and there is practically no way to know the team of this project. On the other hand, in the Discord channel of this team, it is not clear who is what the team is doing!
• Addresses related to the project They are in a separate section in the description of the ecosystem, and this adds to the transparency of the project. The contract address and tokens are also available to users. On the other hand, the activity of this project on Medium is also high and various contents are posted on it regularly.

Frequently asked questions