Falcon swap is a layer-2 scaling solution built on Uniswap and further extendable to aggregate other DeFi platforms like Mooniswap, Kyber, Balancer, Airswap, Bancor, etc. It solves the gas and slippage issue by aggregating orders before sending them to underlying liquidity pools.
FalconSwap started with a mission to reduce gas fees for trading by a unique aggregation that successfully demonstrated reduced gas fees. It not only saves gas fees for token trading but is also 20x cheaper to create a new trading pair on FalconSwap when compared with Uniswap, as the pool creation on FalconSwap cost only about $30 when Uniswap pool creation was around $600 in gas fees.
FalconSwap will use a single relayer to list multiple tokens making the listing process seamless. It will use the number of orders as a criterion for initiating transactions instead of fixed timed cycles, accommodating both high and low-volume pairs.
FalconSwap was launched on 8th January 2021 as a proof of concept to demonstrate transactions/orders aggregation and the benefits of this approach. After the launch of FalconSwap, Falcon Protocol swiftly extended to the token pool space, which made zero gas token sales when gas wars were the only choice for raising money for projects.
After multiple iterations and optimizations, FalconPool emerged as a highly scalable infrastructure that handles hundreds to thousands of transactions per second in layer 2 and aggregates them before sending them to the Ethereum mainnet. The innovation in building FalconSwap has use cases not limited to aggregating orders to save gas fees but can be extended towards solving many more use cases that concern the blockchain community.
The team worked relentlessly to make Falcon protocol a solution for multiple problems about multiple problems in the blockchain space. Another most awaited part of FalconSwap is the FalconSwap exchange, which will aggregate orders before sending the transactions to Uniswap or other AMM pools. Order aggregation can help users save gas fees when trading on decentralized exchanges like Uniswap, Sushiswap etc.
A single relayer will allow a faster listing of trading pairs and support a wide range of token trading pairs. Moreover, optimizing and upgrading the Relayer network will be much more efficient and practical as more pairs are added to the exchange.
FalconSwap’s FalconPool
The significant increase in crowdfunding activity over the past few months has also exposed the inefficiencies in the contribution and token release process, which is time-consuming for pool owners and contributors. FalconPool is an innovative product under the Falcon brand.
This feature-packed product is a step towards their goal of building a healthy defi ecosystem and capturing the maximum value for FSW tokens.
FalconPool is a layer 2 fundraising protocol that will streamline the complete fundraising and token distribution process. FalconPool allows users to pool tokens without paying gas fees and eliminates gas wars in the contribution process. It aggregates all the transactions before sending them to the recipient saving massive gas fees and transactions on Ethereum. FalconPool also incorporates innovative token distribution methods, locking tokens and streamlining the complete fundraising process. Besides permissionless listings, FalconPool will feature handpicked projects with allocations reserved for FSW token holders.
xPrivacy
xPrivacy is an innovative platform that uses on-chain encryption to maintain privacy. The concept of on-chain privacy for trading on Uniswap was first introduced by FalconSwap when signed transactions from users were sent to the blockchain by the relayer. However, these transactions could still be decrypted to know the sender’s address. xPrivacy uses a separate smart contract to encrypt and decrypt the signed messages, thereby adding another layer of privacy to each transaction done through Falcon Protocol’s xPrivacy Swaps.
FSW is a deflationary token; 10% of the fees collected will be used to buy and burn FSW tokens from the market.
Who are the founders of FalconSwap (FSW)?
The Co-founders of FalconSwap are Eric Falcon and Tim Falcon.
What is FalconSwap (FSW) used for?
Gasless transactions
FalconSwap provides all the gas fee savings without changing the user experience.
Low-cost trading
Save 50–70% on gas fees when you trade on FalconSwap.
Low-cost Pool creation
Create new token pairs with insanely low gas fees.
Instant Swaps
Swap tokens in a single transaction.
Payment
FalconPay is a payment platform that supports multiple use cases built on it with features such as gasless payments, redeemable crypto vouchers, etc.
Staking
FalconSwap staking rewards users and offers free discounts to token holders on the platform. The token rewards for the staking will come from fees generated from the protocol and may include additional rewards if required. Staking will act as a cornerstone for distributing multiple benefits to the stakers.
Governance
It gives decision power to the hands of the token holders.
Liquidity mining
Liquidity mining of FSW tokens when you trade on FalconSwap. Hold the tokens to get discounts and stake them to earn a reward from the protocol.
How is FalconSwap (FSW) unique?
People prefer to avoid paying exorbitant fees to trade on Uniswap. In addition to the existing fee savings available to FalconSwap users, FSW token holders will get additional fees discount of up to 50% to use FalconSwap. A part of the fees collected from the FalconSwap protocol will be used to buy FSW tokens from the market. These tokens will be distributed to the FSW token staking holders.
FalconSwap protocol implements layer 2 settlements, reducing slippage and saving trading fees that go to liquidity providers. A part of the trading fees saved by layer 2 settlements will be used to buy FSW from the market and distributed to FSW token staking holders.
FalconPool aggregates all the contribution transactions and saves significant gas fees and transactions needed to do the transactions separately. Token distribution is often a fragmented process during the pooling process. Thus, Falcon Pool will escrow the project tokens and issue locked tokens to the contributors immediately after the completion of the pooling.
FalconSwap is a non-custodial protocol where users maintain their private keys and completely control their assets and trades. In essence, FalconSwap elegantly combines the order aggregation, liquidity aggregation, and layer 2 matching engine to optimize transaction fees, lower slippage, and create privacy trading on the Ethereum blockchain.
FalconPool is completely decentralized and requires no centralized custodian for holding funds. Additionally, users can only deposit the fund in the smart contract to participate in the sale. It eliminates the need for gas wars which is not only a waste of gas fees but also chokes the blockchain with thousands of unnecessary transactions.
FalconPool takes care of the token pooling and simplifies the token distribution. If the pool creator does not select a token-locking option, the tokens will be distributed soon after processing the pool. However, most new token sales require tokens to be released only after Uniswap or other exchange listings.
FalconPool will allow permissionless pool creation in line with the decentralized experience projects received on Uniswap. This will eliminate any added friction needed in a centralized approach.
How many FalconSwap (FSW) coins are in circulation?
It has a circulating supply of 37,429,794 FSW coins and a total supply of 100,000,000 FSW that is distributed as follows:
DEX Liquidity – 3,000,000
Private Sale 1 – 15,000,000
Private Sale 2 – 15,000,000
Seed Round – 5,000,000
Liquidity Mining Pool – 12,000,000
Future Growth – 10,000,000
Marketing & Partnerships – 10,000,000
Company Reserve – 10,000,000
Team & Advisors – 20,000,000.
How is the FalconSwap network secured?
FalconSwap operates as a second-layer solution on Uniswap and other DeFi platforms and aggregates all the orders before sending them to the liquidity pools. In addition to the order aggregation, FalconSwap has an integrated order-matching engine that matches the order in layer 2 and only sends the remaining order to Uniswap and other exchanges.
FalconPool elegantly manages the locking & unlocking of tokens by issuing locked tokens to all the contributors. Locked tokens are swappable with the actual tokens 1:1. When the pool creator unlocks the tokens. Users can swap locked tokens with actual tokens by sending the locked to their ERC20 custodial wallet. The pool creator can unlock the locked tokens issued to contributors using Falcon Pool after the Uniswap listing or other timelines as per the need of the project.
How do I buy FalconSwap (FSW)?
The FSW token can be used for a wide range of purposes, like staking and governance.
FSW tokens can be easily purchased by following the following steps.
Open an account with the crypto trading platform.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy FSW through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports FalconSwap (FSW)?
The PTPWallet platform supports many cryptocurrencies, with FSW soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most used platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
