Recently, with the price of BNB goes crazy, Binance Smart Chain (BSC) has drawn great attention. It brings a new wave of developers to BSC and build various infrastructure on it. After reviewing those important infrastructures which may boom in the future, for instance, DEX, Loan Platforms, Oracle products, etc., a mobile platform MSG SENDER really stands out as there is no similar product like it on BSC or Ethereum. This article will review what MSG SENDER is, and what can it bring to users and boom in the future.
What is MSG SENDER?
MSG SENDER is a mobile product that enables users to interact with decentralized exchanges (DEX), and its utility token MSG will firstly launch on BSC in the future. The traditional way to trade on DEX is through webpage and 3rd party wallets, which is definitely not user-friendly. On MSG SENDER, it integrates cross-chain wallets with a reshaped user interface for trading and liquidity providing, where user experience is similar to CEX product.
Pain spots for DEX user experience
1. There are too many DEXs, chains, and wallets, users need a go-to platform.
2. UI on web-based DEX is not user-friendly.
3. Pair selection process on DEX is too complicated.
4. Not enough data for trading decision making, traders require more information like K line, liquidity data, order history, recent trading history, user position, and APY, etc.
5. Lack of deep and valuable data like hot trading pairs, newly listed pairs, liquidity rank, etc. where traders can find opportunities.
How MSG SENDER solve this
Integrate Wallet function and DEX
Decentralized wallet and DEX are Integrated into the same mobile app, like other crypto wallets, users can add their favorite tokens to their address, LP tokens are highlighted and related pairs are displayed, it supports all tokens on BSC and Ethereum.
Traders are more familiar with top-tier centralized crypto exchanges, which are efficiency-oriented and user-friendly. Hence, the MSG SENDER team design the UI more similar to top-tier centralized crypto exchanges like Binance.
There are more than 30,000 trading pairs on Uniswap and will be hundreds of trading pairs on BSC very soon. MSG SENDER can provide users detailed charts for all existing trading pairs (from 5 minutes to 1 week) MA indicators are available, every new trading pair will have its own charts automatically after the first liquidity provided. After trading or provide liquidity, users can find their positions and order history on the same page, all data are captured from full nodes of BSC.
Trading Pair Decision-making Support
Trading Pairs are categorized by different stable coins and Key coins, users can find top pairs here and discover hot pairs through the 24h ranking which means SWAP transactions of a pair completed in 24h, they can also search contract address to find their trading pairs.
Users can add liquidity for the trading pairs on the same swap page, no need to search pairs again. the LP position will be displayed, which users will know how many pair tokens they can redeem in real-time. Liquidity Rank will also be provided to users, so is the commission APY of Swap transaction fee for every pair.
According to the MSG SENDER team, MSG SENDER 1.0 version is about to launch recently, probably at the beginning of May, and they will also support and integrate Ethereum in a few months after it launches on BSC. More information can be found on their
Official Website: https://msgsender.io/
Let’s wait and see what surprise this ‘Msg Sender’ can bring to us in a few weeks.