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.