Decentralized markets

Cryptocurrencies have been advancing rapidly since their inception, and the lack of regulation has led to the "barbaric growth" that has caused many "thunderous" incidents. The prerequisite for users to use CEX is to fully trust the exchange and entrust assets to the exchange for custody. Due to the fact that CEX's trading data is stored on the exchange's own servers, trading is not transparent, resulting in significant risks. Due to concerns about asset security and trading transparency, decentralized exchanges (DEX) have gradually developed in recent years. Almost all blockchain networks are well-known decentralized exchanges, and the Openverse ecosystem also requires a decentralized value exchange market.

At this historical moment, OpenSwap was born, which is DEX operated by the Utopia Market team. OpenSwap adds several new exchanges on the basis of regular Token and NFT exchanges due to the new asset categories of Bitcurrencies, Privcurrencies, and BitSecurities.

• Firstly, the Bitcurrencies Exchange, also known as the secondary currency market, is a trading pair formed by Bitcurrencies and Bitgold, with a total of over 200 trading pairs, such as USD to BTG, EUR to BTG, CAD to BTG, etc. This exchange enables the exchange of all bitcurrencies through Bitgold as a medium.
• Secondly, private currency exchanges generate trading pairs between privcurrency and Bitcurrencies. Any enterprise's privcurrency can generate trading pairs with Bitcurrencies, such as KUSD against USD, PUSD against USD, etc. At the same time, external cross chain transactions of privcurrency can also generate trading pairs, such as USDT against USD, PyUSD against USD. This exchange enables the exchange of all enterprise stablecoins, privcurrencies, and bitcurrencies.
• Thirdly, the Bitsecurities Exchange is a trading pair generated by Bitsecurities and Bitcurrency, such as TESLA against USD and APPLE against USD. It will be an alternative exchange to the stock market. This part of the transaction will be managed by sovereign countries.

OpenSwap will truly build a decentralized value trading market on layer 0 and layer 1 of Openverse, a multi-level and multi classification exchange, promote open and transparent trading, eliminate CEX manipulation behavior, and build a globally integrated value circulation market.