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Coinbook launches BNB Chain’s first decentralized multi-chain P2P orderbook exchange

CoinBook Launches BNB Chains First Decentralized Multi Chain P2P

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TL;DR

  • • CoinBook will allow traders to trade without intermediaries such as CEX or Swap Dex.
    • Coinbook’s P2P orderbook is powered by decentralized Peer-to-Peer smart contract trading.

CoinBook has launched BNB Chain’s first decentralized multi-chain P2P orderbook exchange with a bold vision: to reignite the peer-to-peer movement in cryptocurrency. This innovative exchange, powered by smart contract technology, enables traders to trade with zero slippage or price impact when trading BNB Chain tokens. In addition, traders will benefit from the many advantages of a decentralized exchange, such as full control of their assets and trading experience, P2P trades instead of against a liquidity pool or automated market makers, and enjoy lower fees.

BNB Chain’s first decentralized P2P orderbook

CoinBook has taken its platform to a new level by adding BNB Chain, allowing traders to create and list tokens on the orderbook for peer-to-peer trading without any third parties involved. Additionally, by using your crypto wallet’s dApp browser, users can gain access to CoinBook’s authentic marketplace with full custody of their assets.

In addition, CoinBook has no liquidity pool or AMM, meaning traders won’t have to worry about slippage tolerance, front-running bots, or making a price impact on the market. The platform also has an ambitious roadmap of “level ups,” adding weekly EVM compatible chains, peer-to-peer bridging between blockchains, a decentralized on-board and off-board payment gateway, and $BOOK rewards.

The platform has also revealed that it is incentivizing its early adopters and supporters with airdrops of $BOOK tokens. Those who have actively engaged in transactions on BNB Chain over the last year can claim BookSacks containing $BOOK tokens for free. Upon CoinBook’s official launch, these BookSacks can be opened for $Book tokens.

The $BOOK airdrop is officially open and runs from March 6 to April 6, 2023. The platform has also stated that the airdrop mechanism ensures that traders who actively use BNB Chain and CoinBook will receive the most tokens and control of the platform.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space. He also studies the ramifications of Web3 and blockchain development to have a stake in the future economy.

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