Palmswap – A decentralized perpetual contract trading protocol
Bernd Stöckl is the CPO and co-founder of Palmswap, a decentralized perpetual contract trading protocol that aims to become the next-generation perpetual DEX for cryptocurrency markets.
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Why you should listen
Palmswap is a decentralized trading platform based on Binance Smart Chain. More chains are coming soon. Palmswap offers 100% on chain perpetual futures. Users can open long positions (bet that the price of a coin goes up) or open short positions (bet that the price goes down), users can also leverage up (use borrowed funds to trade assets more than your wallet balances) without owning the underlying asset.
Palmswap doesn’t require Registration or KYC requirements, users have full control over their own assets with the lowest fees possible. Palmswap offer PALM token rewards for active traders on the DEX.
PALM token is a governance token designed to facilitate and incentivize the decentralized governance of the protocol, users stake and farm it by providing liquidity. You get also incentivized by trading on the protocol through Tradingcycles. 50% of the exchange revenue will be used to buy back and burn PALM.
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