Hungary’s first decentralized cryptocurrency will soon be launched
Throughout the new interface called VizslaSwap, the cryptocurrencies will remain in the possession of the user, and no one else will have control over them. The basis of safe trading was created by a team of Hungarian and international developers. This is the first Hungarian cryptocurrency to operate on a decentralized basis, and it can even be used for mining.
The market for digital devices has grown 1,500 times in 8 years, and the rise in the price of bitcoin is attracting more and more people to this sector. Here, too, the most important trading platforms are stock exchanges, ie Internet trading platforms where Bitcoin, Ethereum and other cryptocurrencies can be purchased, whether for fiat currencies (euros, dollars) or other cryptocurrencies. More than 20,000 of these exchanges are already operating. Of course, there are several smaller domestic cryptocurrencies, but the now popular decentralized platform has never been seen before.
Greater security
The first new Hungarian cryptocurrency was named VizslaSwap. The Hungarian Vizsla Inu (HVI) will be available to anyone shortly.
“Skipping key players is important because this solution means much more security for users. On traditional stock exchanges, we hand over the disposition of means of payment. Here, however, what they commit remains their own property throughout. No one has any form of control over the decentralized stock market. I think people are starting to understand the importance of this lately, ”said Sándor Fábián, one of the founders of the Hungarian Vizsla Inu.
The launch of VizslaSwap is another milestone in the life of the most popular Hungarian cryptocurrency, bringing them closer to their goal of becoming the world’s leading altcoin. A team of nearly twenty Hungarian and international developers worked on the development of the decentralized cryptocurrency. The interface itself was designed by Dániel Pálmay, developer of web3js, and he really owns most of the merit.
Mining without mining machinery
The new Hungarian cryptocurrency will not only allow unrestricted trading, but also mining – though not in the “traditional” sense. Here, instead of high-performance video cards, cryptocurrency owners “do the work”. With the tying of LP tokens, decentralized exchanges will become available for medical liquidity mining as usual. This means providing liquidity and thereby mining.
It’s not in vain to be a mining word, as you can get block rewards for usually outstanding rewards either in your own or another token.
“It actually works exactly like cryptographic mining, only in this case there is no need for a physical mining machine. Tokens simply replace video cards, meaning as many tokens as you put in the pool are mined by so many ‘machines’. We give rewards per block time, they are really credited, ”the expert explains.
There will be a number of other options for crypto rewards on VizslaSwap. It will also have the usual staking pool feature, where standalone tokens like HVI can be tied up and in a similar way we get either our own or another token as a reward. De un. The Bounty Hunt feature also launches, allowing the visitor to hunt for the collected transaction fees and retrieve the collected amount themselves. We can also think of this as an exciting game, because the longer visitors wait for the draw, the more money they collect, but if they wait too long, someone else may take it. According to the team, they want to increase the number of daily visitors.
Around the HVI token, they will continue to build an independent ecosystem with their own NDP marketplace, significant partners and now a DeFi solution, all of which will increase the demand for the Vizsla token, said Sándor Fábián, one of the founders of the Hungarian Vizsla Inu.
The pharmacy features will be available to HVI Partners, where tokens such as Neckermann, CryptoChip, or BabyVizsla will be available through HVI or by binding partner tokens. Security is not left to chance either, as the VizslaSwap platform is based on the world’s 3rd largest decentralized exchange, PancakeSwap. Hopefully the goal of HVI will be achieved and we will be enriched with another Hungarian World Success.