Description
Pact Swap is a cross-chain Decentralized Exchange (DEX) built on Coinweb's PACT (Penalty Adjudication for Cross-chain Transactions) framework, which enables secure, low-cost swaps between incompatible blockchains like Bitcoin and Ethereum without traditional bridges. The platform uses collateralized reactive smart contracts for transaction validation, making swaps 50-95% cheaper and securing them with 200% collateral. It supports permissionless token listings and caters to both retail traders and liquidity providers. The native $PACT token is central to the ecosystem, used for staking to get fee discounts, governance, and burning to access the platform's fee pool. Pact Swap supports multiple chains, including Bitcoin, Ethereum, BNB Chain, and Polygon, aiming to compete with centralized exchanges by offering popular trading pairs. The platform is live and continuously being updated with new features and liquidity.