Pawswap - Token
Pawswap strives to bring the same quality of success from Shiba Inu to Pawswap. $PAW will serve as the gateway to Pawswap with this website acting as the portal for entry.
Before you understand Pawswap ($PAW), it is crucial for you to understand what is Shibarium. Shibarium is the Layer 2 scaling solution for the Shiba Inu coin.
This blockchain (L2) runs on top of the Ethereum blockchain, which the SHIB ecosystem tokens (SHIB, LEASH & BONE) utilize. A Layer 2 blockchain provides the benefits of scalability, faster transaction times, lower fees, and an expanded development framework. Click here for a more detailed explanation of this.
Inspired by Shiba Inu’s success, Pawswap ($PAW) and its token were developed and inspired with the mantra of decentralization at its core. As mentioned on their website:
Pawswap strives to bring the same quality of success from Shiba Inu to Pawswap. $PAW will serve as the gateway to Pawswap with this website acting as the portal for entry. The $PAW mission is to create a DEX that empowers individuals to take control of their financial future and provide a safe and user-friendly platform for trading cryptocurrencies.With the end goal in my mind, $PAW strives to create and transform the decentralized space through community driven innovation. We pride ourselves in the ability to provide safety and compliance to anyone investing and trusting in our team and our products.
Basically, Pawswap will be one of the DEXes running on Shiba Inu’s L2, also known as the Shibarium. This means that the value of Pawswap will largely depend on the Pawswap protocol and its demand.