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PYESwap Announces the Launch of Its Platform, Which Will Allow Projects to Utilize DevTeamSix Technology

  • Written by Newsfile

Phoenix, Arizona--(Newsfile Corp. - February 18, 2022) - PYESwap team are proud to announce the launch of its Platform. PYESwap is the first Swap utilizing BNB instead of the project token to power BuyBack functionality. The project aims to revolutionize things through this technology, it will change the trajectory of cryptocurrency. It allows all projects to utilize the technology created by DevTeamSix. Projects using the old routers will have the opportunity to migrate to PYESwap to use the new routers.

One of the biggest challenges for developers who build projects with tokenomics such as a buyback or a swap function is inside of the contract, the tokens automatically build. Then, the project in order to fuel its buyback, has to sell the tokens on the market for the BNB. So regardless of the project, it has a negative impact on the charts.

PYESwap reverses it. Instead of collecting tokens inside of the contract, it collects the BNB fees. No more negative impact, only a net positive impact. This allows projects to truly power their buyback with BNB ammunition.

DevTeamSix announced a test token, Magic Swap, for developers and investors to see the "magic" behind PYESwap for themselves. It is a proof of concept that PYESwap indeed works.

Currently, PYESwap is compatible with any BEP-20 token however the team is planning to expand its reach across the leading blockchains such as Etheruem, Solana, Cardono, Polygon, Avalanche, CELO, HECO, & Tron. This will allow projects built on these blockchains to utilize the power of PYESwap and include it into their tokenomics.

PYESwap was created to fulfill a need in the blockchain industry. Tokens who use buyback in the tokenomics are forced to use the tokens built up in the contract then sell on the open market to fuel the buyback. Until now. Now, projects will have BNB that is built up in the contract and will be able to utilize the BNB to power up the buyback. Instead of creating a negative impact on the project, it will create a positive impact.

Now, projects will have the ability to use the funds from the BNB for project development, marketing, etc. PYESwap is creating more opportunities for projects, investors, & institutions to utilize new blockchain technology that will further advance as crypto continues to advance.

Social Links

Telegram: https://t.me/officialpyetokenTwitter: https://twitter.com/PyeTokenFacebook: https://www.facebook.com/PyeEcosystem/YouTube: https://www.youtube.com/c/PyeEcosystem/[1][2][3][4]

Media Contact

Brand: PYE.netContact: Patrick DevineE-mail: service@pye.netWebsite: https://pye.net[5]

SOURCE: PYE.net

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/114193[6]

References

  1. ^ https://t.me/officialpyetoken (www.newsfilecorp.com)
  2. ^ https://twitter.com/PyeToken (www.newsfilecorp.com)
  3. ^ https://www.facebook.com/PyeEcosystem/ (www.newsfilecorp.com)
  4. ^ https://www.youtube.com/c/PyeEcosystem/ (www.newsfilecorp.com)
  5. ^ https://pye.net (www.newsfilecorp.com)
  6. ^ https://www.newsfilecorp.com/release/114193 (www.newsfilecorp.com)

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