Why Join the ARMswap Community? Understanding the Benefits for Users

Looking for a blockchain platform that simplifies transactions across multiple networks and also allows you to earn through multiple streams? Welcome ARMswap Platform!  Even if you are an inexperienced user, the ARMswap space provides several earning opportunities along with access to multiple blockchain networks. This blog will cover details about ARMswap, it’s token “ARMSP” and how you can earn in 5 different ways.

What Is ARMswap?

ARMswap is a platform designed to simplify cross-chain transactions that supports 31 blockchain networks. It ensures seamless cross-functionality across an ecosystem.  

The HSM is a widely established standard that is proven in cryptographic key protection and transaction processing. Such confidence provides comfort for users' blockchain interactions. Additionally, ARMswap is audited by third-parties to ensure security protocols of the platform are not only robust but also very transparent and continually enhanced for greater integrity.  

What Is ARMSP? 

ARMSP, the native token of ARMswap, is both a governance and utility token for the platform. Having an ARMSP token allows you to participate in governance decisions and influence the future of the platform. 

How You Can Earn by Being a Part of ARMswap Community 

Following are five different ways you can earn by being a member of ARMswap community:  
 

Bug Bounty Program 

User funds safety is of utmost priority for the ARMswap. With the Bug Bounty Program, users can find and report potential security risks and vulnerabilities, earning rewards in ARMSP, ARMUP, or USD. Bug hunters and security experts can earn 5,000 to 100,000 USD/ARMSP/ARMUP tokens depending on the severity of the bug found. This is a great opportunity for security enthusiasts to contribute and earn great rewards for their efforts.  

Marketing Outreach 

ARMswap offers rewards for members of the community who help share information about the platform. Through outreach marketing, you can promote the ARMswap via social media, blogs, or even influencer marketing campaigns. The more the impact, the higher the reward. So, this is a very good way to earn while spreading the word for the ARMswap platform.

Community Engagement  

At ARMswap, the community is the very foundation of its success. Through community engagement, one can earn, not just by actively contributing to discussions but also by providing valuable feedback and helping out others on the platform. You can also join in by answering on Discord or social media activities and events by the community.

New Ideas Development  

ARMswap is an ever-evolving technology, and innovation is a must. As part of the New Ideas Development program, you can contribute new innovative ideas to the betterment of the platform. Once your ideas are approved, you will be rewarded with ARMSP tokens. This program is quite an opportunity for developers, creators and visionaries to contribute towards growth in ARMswap.

Swap Share of Fees 

Holding ARMSP tokens is a unique way to earn crypto rewards through ARMswap. For example, recently, an update in the swap fee distribution model made it possible for the ARMSP holders to get a share in swap fee of the ARMswap platform.

A share of swap fees of 0.105% will be distributed among the ARMSP holders according to the tokens they have in their wallets. Therefore, the higher the number of ARMSP tokens in your wallet, the more significant your share of the swap fees will be.

Comparison with Competitors

You can get a broad list of networks to swap and bridge your token by joining the ARMswap platform. Let's compare ARMswap with some of the major competitors in space like SushiSwap, Uniswap, and ChainPort.

Uniswap supports only 11 networks, Chainport 29, and SushiSwap 15, whereas ARMswap leads with 31 blockchains and plans to expand the reach later this year.

Future Plan of ARMswap

ARMswap's vision doesn't end with 31 blockchains. We are constantly evolving, and soon we will expand our network to 51 blockchain networks, offering even more options and greater interoperability for our users. With the introduction of SMPC (Secure Multi-Party Computation) in V2, ARMswap will further enhance the security of the platform, making sure that the data and transactions of the users are secure in this ever-expanding blockchain space.

Join the ARMswap Community

Want to be a part of a growing ecosystem within ARMswap? Join today and start earning in any of the five exciting ways the ARMswap offers. Whether it’s bug hunting, running promotions, or sharing new ideas to the platform, become a member of the ARMswap Community as this offers ample avenues for community rewards, and make an impact and get paid for it.