What is IceCreamSwap?

IceCreamSwap is a decentralized exchange that allows users to swap, bridge, and provide liquidity of any token and earn rewards on Fuse Network. The DeFi platform was developed using the Uniswap V2 smart contracts and provides a user-friendly, highly secured, low-cost, fast platform. Including an asset bridge and a wide selection of tokens to trade.

The cryptocurrency landscape is transforming. Landmark legal cases bring asset protection and actual ownership into question, while bad actors inadvertently pull focus to the user benefits offered through truly decentralized finance. 

With many decentralized exchanges offering similar services, knowing which ones to engage with can take time and effort. However, understanding the basics of DeFi is a vital first step, while simply dipping a toe can be the best way to begin understanding the liberating world of Web3 finance. 

Differentiation in the blockchain and DeFi space can take many guises. One thing that will be critical is the user interface and experience provided by any decentralized application. Users need to understand the service proposition and appreciate the benefits. Furthermore, the ability to move assets across multiple blockchains is vital. 

IceCreamSwap pays attention to these factors. While simultaneously tapping into the inherent security of leading DEX Uniswap’s smart contracts. This leaves the heavy technical lifting to battle-hardened code. Allowing the IceCreamSwap team to focus on useability, reliable tokenomics, and growth. 

IceCreamSwap integrates Fuse Network by deploying its DEX, multichain bridge, and liquidity platform to the network. Additionally, when users bridge any token to Fuse, they automatically receive a small amount of Fuse to pay for the first transactions. Another nice UX touch is when a user selects Fuse on the DEX and has not already added Fuse to their wallet, the DEX automatically adds the Fuse RPC, helping the network to grow its presence. 

Watch the full AMA with founder and CEO Simon K.

IceCream brings people together

IceCreamSwap was born out of the desire of one entrepreneur to showcase DeFi to another. However, the result was a fully working DEX with the potential to attract interest and potential funding to lift it off the ground. 

Bitgert is a blockchain-based crypto engineering organization based on BNB Chain architecture that intends to deliver global solutions for blockchain-based audits and products. To assist this, the organization created the Brise Chain, which has no gas fees and is compatible with the Ethereum Virtual Machine (EVM).

Since BRISE is EVM-compatible, like Fuse Network, it debuted with support for the expansive collection of Ethereum tools and decentralized applications, making it simple for developers to migrate from Ethereum. Hence, how IceCreamSwap quickly used Uniswap code and smart contracts, tapping into all their underlying security, and launched. 

IceCreamSwap is the first and largest decentralized exchange on the Bitgert blockchain, with multichain support for the BNB Chain, Fuse, Dogechain, DoKEN, and XDC. In addition, users can bring tokens such as FUSE, BNB, Dogecoin, USDT, USDC, and DAI to the ecosystem via the bridge with DEX functions below.

The multi-chain DeFi platform offers core DEX functions like token swapping, staking pools, yield farming, a cross-network bridge, complete analytics, and a project launchpad.

Users can access IceCreamSwap with crypto wallets that support the Bitgert chain, such as MetaMask, Nabox, Trust Wallet, and BitKeep. The total liquidity of the DEX is multiplying with the most recent statistics, including volume and the price available here.

Add Bitgert to your wallet 

• Network name: Bitgert Network Powered by IceCreamSwap
• New RPC URL: https://rpc.IceCreamSwap.com
• Chain Id: 32520
• Currency symbol: Brise
• Block Explorer URL: https://brisescan.com/ (Optional)

Bridge to Everywhere 

With more than fifty blockchains out there, the biggest issue in the Web3 space is how these blockchains designed with various programming languages talk to each other and let users move assets around without friction and fees. 

A blockchain bridge is a link that permits the transfer and conversion of tokens, arbitrary data, or NFTs from one blockchain to another. Simply put, it’s a portal between two blockchains, for example, between Bitgert chain and Fuse. Current cryptocurrency trends demand different blockchains with different protocols to work together to promote onboarding and mass adoption, interoperability, and technological relevance.

The IceCreamSwap bridge allows users to swap additional tokens between Bitgert Chain and other chains with a hyper-competitive low fee of 1%. The bridge currently supports only crypto tokens but will extend to NFTs. 

At launch, the bridge only supported ICE, USDT, and USDC but has been expanded to support other tokens and continues to add more. Additionally, the team developed and deployed assets they call Ice pegged Tokens, known as i-Tokens which represent 1:1 the value of actual tokens. USDTi equals USDT, for example. ICE is the native token of the IceCreamSwap DEX and is available on multiple chains. Check the ICE page for more information.

AI-powered smart routing

IceCreamSwap also partners with Web3 smart routing algorithm service Akka Finance. To ensure that traders and investors receive the best rate by limiting the effect of price impact while trading on the DeFi platform. 

Akka Finance is an AI-powered smart routing service provider that uses algorithms via Route-Splitting and Volume-Splitting to provide hassle-free and cost-efficient DeFi services.

Akka launched before as a standalone using the IceCreamSwap DEX architecture and is now fully integrated into IceCreamSwap, to provide full trading arbitrage for users.

The Akka algorithm saves money for users by immediately finding the best route output for the user to pick. For instance, if a user wants to swap USDTi to ICE. The Akka smart router will look for a better intermediary token with less price impact before swapping to the ICE token. A token transaction may look like this: USDTi>USDCI>WBRISE>ICE.

Secondly, by splitting large-volume trades into smaller units across different liquidity pools, the platform can reduce the average price impact for users. This is vital, especially when trading with large volumes. Both of these initiatives, alongside what IceCreamSwap calls automatic arbitrage execution that exploits tiny differences in price between tokens in seconds, all save users more when performing everyday activities. 

Complicated but money-saving 

Different tokens have different pools with specific liquidity. Swapping tokens for a user involves shifting liquidity from one token (Input token) to another (Output token). Due to this effect, a slight price discrepancy exists between these assets. 

Let’s say, for instance, the price of $1 USDTi when converted to USDCi is $1 USDCi , and then the majority of traders were selling their $USDTi to $ICE (I.e Buying $ICE). While fewer or No traders were selling their $USDCi to buy $ICE. 

This will cause a slight negative fall in the value of $USDTi. As such, the price of $1 USDTi will fall below that of the $1 USDCi. Lets say $1 USDCi will now equate $0.9 USDTi. Therefore if a user sells $1000 USDCi to $USDTi he will receive $1111 USDTi, instead of $1000 USDTi. Therefore the User will make an Extra $111 USDT.

These arbitrage opportunities often avail themselves between different token pairs. So, for example, swapping from USDTi to ICE, USDCi, BRISE, YPC, etc. The user has to manually search for the swapping pair that will give them the best output rate.  

This is where the Akka smart router exploits these arbitrage opportunities. By automatically routing the input token across multiple pools with the best output. As a result, the partnership makes IceCreamSwap the first and only decentralized exchange with direct integration of this money-saving algorithm. 

IceCreamSwap on Fuse Network 

IceCreamSwap integrates Fuse Network by deploying its DEX, multichain bridge, and liquidity platform to the network. Users can access those by navigating the app and connecting one of the Fuse-supporting wallets. In the future, IcecreamSwap’s roadmap also envisages the addition of a multichain asset launchpad and expanding multiple major EVM-based chains.

Tokens for swapping on Fuse are FUSE, ICE, DOGE (Dogecoin), and SHIB (Shiba Inu). The IcecreamSwap bridge connects Fuse Network to BNB Chain, Bitgert, Dogechain, and DoKEN. Tokens already deployed on the bridge are ICE, DOGE, and SHIB. 

Users bridging assets to Fuse Network will receive a small amount of FUSE, enabling them to transact on Fuse Network thanks to IceCreamSwap’s gas dropper. The integration of IceCreamSwap with Fuse brings more trading and investment options to the Fuse community and vital bridges to popular ecosystems.