We are thrilled to unveil our latest breakthrough in the world of cryptocurrency trading—Superfast. This revolutionary on-chain broker is engineered to deliver rapid and liquid trading of BounceBit assets, including BB, BBUSD, and BBTC. Imagine a platform where the speed and liquidity of major exchanges like Binance meet the transparency and security of blockchain technology. Superfast leverages Liquid Custody Tokens (LCTs) and centralized exchanges (CEXs) to ensure seamless, efficient, and cost-effective transactions. Get ready for an exciting launch campaign filled with BB rewards, as we redefine the trading experience in the crypto space.
The Future of Trading: Superfast
User experience is one of the highest priorities at BounceBit. It is what sets us apart from the competition. One major factor to UX is speed, it affects usability, understandability & quality. In finance, especially in crypto, liquidity is often a bottleneck.
How It Works
Superfast leverages the concept of Liquid Custody Tokens (LCT) in combination with CEXs. LCTs are backed 1:1 by a corresponding underlying asset. BBUSD is backed by USDT, while BBTC is backed by BTCB.
Now while BBUSD and BBTC are currently not directly available for trading on centralized exchanges, their underlying asset is. This opens up the possibility of utilizing the liquidity that these assets possess on centralized exchanges. Superfast builds the robust connection between blockchain and CEX.
When you initiate a swap on-chain, the transaction is picked up and automatically reflected on a CEX. While the trade happens on the CEX with great liquidity, your transaction is settled on-chain and you receive your traded asset on BounceBit network.
Best of Both Worlds
Superfast provides users with the best of both worlds: the speed and liquidity of a major exchange like Binance and the transparency and security of blockchain technology.
Lower gas fees, lower transaction fees, lower slippage, lower spread, quicker settlement. While currently focused on BB, BTC and USDT, we have plans to expand its offerings. More cryptocurrencies and trading pairs will be added, making it a comprehensive platform for efficient trading on & beyond BounceBit.
Through Superfast, Liquid Custody Token's need for liquidity will be satiated. We are looking at a new era for LCTs, allowing for even more collaboration & adoption angles.
Wen?
Q3 2024
Upon release we will start a huge BB rewards campaign that will reward the usage of Superfast.
Superfast: A Game-Changer in Crypto Trading
Superfast is not just another trading platform; it is a game-changer in the world of cryptocurrency trading. By combining the best elements of centralized and decentralized exchanges, Superfast offers a unique trading experience that is both fast and secure. Here are some of the key features that make Superfast stand out:
Speed and Efficiency
One of the biggest challenges in cryptocurrency trading is the speed of transactions. Traditional exchanges can be slow, leading to missed opportunities and increased costs. Superfast addresses this issue by leveraging the speed of centralized exchanges while maintaining the security and transparency of blockchain technology. This ensures that transactions are completed quickly and efficiently, allowing traders to take advantage of market opportunities as they arise.
Liquidity
Liquidity is another major issue in cryptocurrency trading. Without sufficient liquidity, it can be difficult to buy or sell assets at the desired price. Superfast solves this problem by utilizing Liquid Custody Tokens (LCTs) and centralized exchanges. This ensures that there is always sufficient liquidity to facilitate trades, reducing the risk of slippage and allowing traders to execute their strategies with confidence.
Lower Costs
Trading on traditional exchanges can be expensive, with high fees eating into profits. Superfast offers a cost-effective solution by reducing gas fees, transaction fees, slippage, and spread. This makes it more affordable for traders to execute their strategies and maximize their returns.
Security and Transparency
Security is a top priority in the world of cryptocurrency trading. Superfast leverages the transparency and security of blockchain technology to ensure that all transactions are secure and transparent. This provides traders with peace of mind, knowing that their assets are safe and that they can trust the platform.
Expanding Offerings
While Superfast currently focuses on BB, BTC, and USDT, there are plans to expand its offerings to include more cryptocurrencies and trading pairs. This will make Superfast a comprehensive platform for efficient trading on and beyond BounceBit, catering to the needs of a diverse range of traders.
The Technology Behind Superfast
Superfast is built on cutting-edge technology that combines the best elements of centralized and decentralized exchanges. Here is a closer look at the technology that powers Superfast:
Liquid Custody Tokens (LCTs)
Liquid Custody Tokens (LCTs) are a key component of Superfast. LCTs are backed 1:1 by a corresponding underlying asset, such as USDT or BTCB. This ensures that there is always sufficient liquidity to facilitate trades, reducing the risk of slippage and allowing traders to execute their strategies with confidence.
Centralized Exchanges (CEXs)
Superfast leverages the liquidity of centralized exchanges (CEXs) to ensure that there is always sufficient liquidity to facilitate trades. When you initiate a swap on-chain, the transaction is picked up and automatically reflected on a CEX. While the trade happens on the CEX with great liquidity, your transaction is settled on-chain and you receive your traded asset on the BounceBit network.
Blockchain Technology
Superfast leverages the transparency and security of blockchain technology to ensure that all transactions are secure and transparent. This provides traders with peace of mind, knowing that their assets are safe and that they can trust the platform.
The Future of Superfast
Superfast is just the beginning. As the platform continues to grow and evolve, there are plans to expand its offerings and introduce new features that will further enhance the trading experience. Here are some of the exciting developments that are on the horizon for Superfast:
Expanding Cryptocurrency Offerings
While Superfast currently focuses on BB, BTC, and USDT, there are plans to expand its offerings to include more cryptocurrencies and trading pairs. This will make Superfast a comprehensive platform for efficient trading on and beyond BounceBit, catering to the needs of a diverse range of traders.
Enhanced User Experience
User experience is a top priority at BounceBit, and there are plans to further enhance the user experience on Superfast. This includes improving the speed and efficiency of transactions, reducing costs, and introducing new features that will make it easier for traders to execute their strategies.
Increased Rewards
Upon release, there will be a huge BB rewards campaign that will reward the usage of Superfast. This is just the beginning, as there are plans to introduce additional rewards and incentives that will further enhance the trading experience and encourage more users to join the platform.
Collaboration and Adoption
Through Superfast, Liquid Custody Token's need for liquidity will be satiated. We are looking at a new era for LCTs, allowing for even more collaboration and adoption angles. This will open up new opportunities for traders and investors, further enhancing the value and utility of the platform.
Conclusion
Superfast is set to revolutionize the world of cryptocurrency trading by combining the speed and liquidity of
