Shroom Finance Introduces New Gaming DEX “GameSwap”

Shroom Finance to Run Its Own GSWAP Token 

The platform will comprise of liquidity pools and yield farming incentives and run its own token GSWAP instead of Ethereum.

The DeFi protocol has its own native SHROOM token and been shilled quite a number of times by prominent crypto analysts and traders like Josh Rager resulting in predictable pump and dumps. Recently, the trader with his 90k followers tweeted on the new gaming DEX:

This GameSwap preview is extremely bullish

Trade, mint, and cash out your in-game assets and NFTs

The platform had also released a demo of its new DEX featuring popular titles and items from the games. The DeFi protocol added that these were only for demonstration purposes and do not represent any current partnerships. However, the platform’s current success depends on partnerships with leading gaming companies such as Ubisoft, Electronic Arts, Activision Blizzard, and Bethesda.

Trading- A Central Feature

The announcement noted that its trading section will be a central feature of the decentralized exchange. Users will get to see their asset inventory once their wallet is connected and can even browse and select which assets they would like to buy.

The DeFi protocol’s next aim includes locking the development funds of 10 million SHROOM, worth an estimated $1.78 million at today’s prices. It will also start allocating them to project bounties and also finalize the GSWAP farming pools and presale rounds: “Our next update will contain the GSWAP presale and farming details. Remember that SHROOM will be required to farm GSWAP (only SHROOM pairs!) and people buying the presale with SHROOM will get a 50% discount.”

The success of the new GameSwap might be a revolutionary initiative for Shroom Finance.