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What is Router Protocol (Old) (ROUTE)?
Router Protocol (Old) basic info
What is Router Protocol (ROUTE)?
The Router Protocol aims to connect different assets across various Layer 1 and Layer 2 networks through the use of stablecoins as a means of exchange. These networks are based on different blockchain architectures, such as Ethereum, and off-chain networks built on top of them.
Who are the Founders of Router Protocol (ROUTE)?
The founders of Router Protocol are Ramani Ramachandran, Shubham Singh, Chandan Choudhury, and Priyeshu Garg.
How does Router Protocol (ROUTE) Work?
The Router Protocol not only allows for the transfer of assets but also facilitates the secure and transparent transmission of arbitrary messages across different chains, thereby expanding the potential for composability in DeFi. The protocol boasts a variety of features, including the ability for users to convert assets across blockchains, flexible fee payment options, a modular mesh network for enhanced scalability, a cross-chain settlement engine to ensure smooth transactions, a proprietary pathfinder algorithm for ideal cross-chain exchanges, and SDKs for developers to build complex cross-chain blockchain applications. Additionally, the Router Protocol utilizes DFYN AMM as a fallback source during a lack of stable assets, and it is optimized to work with the internal DEX, DFYN Exchange, to ensure complete transactions.
What is the ROUTE Token?
The Router Protocol includes its own token, ROUTE, which gives users the ability to participate in governance by voting on proposals for protocol changes. When users make cross-chain transactions, the protocol imposes transaction fees that are divided between validators and liquidity providers. Those who pay the fees with ROUTE tokens receive a 50% discount. Additionally, users can pay for both gas and transaction fees using ROUTE tokens.
ROUTE supply and tokenomics
Token utility
$ROUTE is the native token of Router Protocol. The holders of the $ROUTE token will be able to use their tokens to take part in Router's governance by voting on Router's proposals concerning protocol amendments and upgrades. Router Protocol will also simplify the process of paying gas fees for cross-chain transactions by enabling users to pay a combined (gas + transaction) fee in $ROUTE tokens.
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What is the development prospect and future value of ROUTE?
The market value of ROUTE currently stands at $22.65M, and its market ranking is #703. The value of ROUTE is not widely recognized by the market. When the bull market comes, the market value of ROUTE may have great growth potential.
As a new type of currency with innovative technology and unique use cases, ROUTE has broad market potential and significant room for development. The distinctiveness and appeal of ROUTE may attract the interest of specific groups, thereby driving up its market value.
Is ROUTE worth investing or holding? How to buy ROUTE from a crypto exchange?
How to get Router Protocol (Old) through other methods?
What is Router Protocol (Old) used for and how to use Router Protocol (Old)?
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