Upgrading the DEX User Experience: Interview with BashoSwap Founder Beri Ardas

The number of current decentralized exchanges (DEX) continues to increase in number, given that the platform provides more than just allows traders to simply swap tokens without the need for intermediaries. One addition to the growing list is BashoSwap.

CoinQuora was able to sit down with its founder Beri Ardas to talk about the platform’s inception, the team behind the venture, insights about existing DEX platforms, and more. Read some of his thoughts below:

Q. Can you tell us a little bit about BashoSwap for those who are hearing about your platform for the first time?

BashoSwap.finance, when launched, will be a Cardano-based automated market maker (AMM) that will facilitate trades between ADA and other Cardano-based crypto assets. Our exchange can split liquidity into different pool pairs as each liquidity provider can choose the right pool pair. This results in the best liquidity provider (LP) fees being accommodated.

We’re also developing a launchpad that would make it easier for developers looking to launch projects on the Cardano ecosystem to find financial support utilizing our initial DEX offering (IDO) launchpad. The financial support usually comes from transparent but decentralized fundraisers powered by the BASH token.

Q. What are your hopes for BASH, BashoSwap’s utility token?

Bash token is at the center of the BashoSwap ecosystem, as the token will be utilized in many different ways to further drive up its utility and demand. BashoSwap is a deflationary token with only 500 million coins to be minted. Whitelisting for early adopters is ongoing for interested participants that want early access into our platform when launched.

Q. What are the challenges that existing DEXs face that urged you to introduce Bashoswap? What makes Bashoswap different from other DEXs?

The most popular DEX in the DeFi space is Uniswap, which is built on the Ethereum blockchain. But as we all know, the ETH blockchain is practically unusable for some people because of high gas fees and slow transaction times. This is one of the issues we want to address.

Q. Bashoswap looks like an amazing venture in the making. Can you tell us a bit about the team behind this endeavor?

The Bashoswap core team has been in the cryptocurrency space for over three years and in the financial sector for more than five years. The project came to fruition late last year following the success of Cardano’s Alonzo hard fork.

Q. How do you think Bashoswap will benefit the Cardano ecosystem?

Bashoswap would be beneficial to the Cardano ecosystem in multiple ways. For starters, we would increase the adoption of the Cardano ecosystem by providing a fair and transparent IDO launchpad for Cardano startups.

Q. We’re hearing that you’re on a mission to develop innovative decentralized applications (dApps). What does the future look like for BashoSwap? Do you have anything else up your sleeves?

Yes, we are on a mission to build and develop innovative decentralized applications specifically for the Cardano ecosystem, like a CNT Staking/Vesting platform, NFT Governance DAO, and most importantly, a decentralized exchange and launchpad.

About Beri Ardas

Beri Ardas is a blockchain specialist with years of experience in the cryptocurrency industry. He founded the Cardano-based decentralized exchange (DEX) BashoSwap in late 2021. He leads a team of crypto developers and enthusiasts who share extensive knowledge of Cardano’s native assets.