💥 Gate Square Event: #PostToWinCGN 💥
Post original content on Gate Square related to CGN, Launchpool, or CandyDrop, and get a chance to share 1,333 CGN rewards!
📅 Event Period: Oct 24, 2025, 10:00 – Nov 4, 2025, 16:00 UTC
📌 Related Campaigns:
Launchpool 👉 https://www.gate.com/announcements/article/47771
CandyDrop 👉 https://www.gate.com/announcements/article/47763
📌 How to Participate:
1️⃣ Post original content related to CGN or one of the above campaigns (Launchpool / CandyDrop).
2️⃣ Content must be at least 80 words.
3️⃣ Add the hashtag #PostToWinCGN
4️⃣ Include a screenshot s
Swaps in cryptocurrencies: what are they and why are they needed?
Swaps in the crypto world are like a breath of fresh air for traders. They allow for changing coins without unnecessary hassle. Simple and fast 🔄
Types of swaps in cryptocurrency
Swaps come in two types. They are completely different.
1. Exchange on a centralized platform
2. Atomic Swap 🚀
Types of Atomic Swaps
Cross-chain bridges connect different blockchains. It seems like magic 🌉 Exchanges work simpler. Without smart contracts. More convenient, but with more risk. Wrapped coins? This is when one asset pretends to be another in a foreign network.
How to swap coins
Creating a wallet. Refilling. Connecting to the platform. You select a pair. You sign. Done.
What are swaps for? 🤔
1. Profit from jumps 📈 The market is jumping. You catch the moment. You made a good profit.
2. Diversification 🛡️ Eggs in different baskets. Not so scary.
3. Passive Income 💰 Swapped coins, put them in staking. Money is coming in.
4. Freedom between blockchains 🌐 You won't get stuck in one ecosystem. Free wind.
Security in Swaps
With atomic swaps, things are not so clear. The main danger? Us. Our inattention. The information seems safe if the rules are followed:
Technologies are not standing still. By 2025, swaps have become safer. More efficient. Market participants can now fully utilize all these DeFi things 🌕