Part 4/8:
The founding concept of Chain Flip borrows inspiration from platforms like Shapeshift, which initially gained traction due to its user-centric simplicity. However, Shapeshift’s requirement for KYC verification diluted that user experience. Chain Flip intends to revive that straightforward process at an enhanced level, offering users the ability to execute trades without delving into the intricacies of what happens behind the scenes.
Advanced Trading Mechanisms
Chain Flip claims to provide an advanced trading mechanism compared to traditional DEXs. Unlike platforms such as Uniswap—primarily focused on ERC-20 swaps—Chain Flip will facilitate swaps across different blockchains without the need for users to be aware of complex technicalities.