Multichain web3 gaming platform, GameSwift has announced the upcoming launch of its token, $GSWIFT. The team has given a well-detailed breakdown that centers on token overview, omnichain architecture, and launch place.
The $GSWIFT token is a key feature of GameSwift’s gaming ecosystem that plays a functional role on its platform and modular chain. Attached to $GSWIFT are various utilities that would keep the token in high demand, which will benefit token holders.
GameSwift’s Modular Blockchain
To begin with, the $GSWIFT serves as the Modular blockchain’s governance token. However, the team is waiting to launch their Modular blockchain on the mainnet before integrating $GSWIFT. Once the mainnet goes live, the use of $GSWIFT will continually increase the user base. GameSwift modular ecosystem has recorded significant growth in the past year with over 30,000 registered users during its Alpha session. The team secured strategic partnerships with leading web3 protocols and integrated over 50 high-quality titles. The GameSwift platform features games titles like MagicCraft, Bushi, Arcade, Synergy Land, ArmyGrid, Voxnet, Rage Effect, and many others.
Where Is $GSWIFT Listed?
GameSwift will list $GSWIFT on Polygon and Arbitrum. The team has highlighted reasons for choosing these two blockchain ecosystems that are well-known for supporting Web3 games. Polygon is the third most popular gaming chain in the web3 ecosystem. It has unlimited scalibility and has supassed BNB chain in Unique Active Wallets (UAWs). On the other hand, Arbitrum has an unstoppable scalabilty and a rock-solid network. This network has a Total Value Locked (TVL) of $3.75B and a daily transaction record of 250M. It currently host $2B worth of stablecoins and has a 66% of Layer2 market share.
$GSWIFT: Multichain Compatibilty
$GSWIFT is an Omnichain token, which simply mean a multichain token. It can be transferable between all blockchains through an omnichain interoperability protocol provided by LayerZero. LayerZero allows users to swap tokens accross many blockchains including Cosmos, Aptos, Avalanche, Polygon, Venom, and Harmony at no fees. This LayerZero tech stack solves issues regarding blockchain scaling challenges.
