# Kangarooswap

By [Kangarooswapp](https://paragraph.com/@kangarooswapp) · 2023-04-08

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Introduction KangarooSwap is a decentralized exchange (DEX) built on the Crosschain that enables users to trade various ERC-20 tokens with low fees, high speed, and enhanced security. The platform aims to offer a seamless trading experience to users by leveraging the benefits of blockchain technology.

Problem Centralized exchanges (CEX) are the most common way to trade cryptocurrencies, but they have several limitations. They require users to trust a central authority to handle their funds, which increases the risk of hacks, frauds, and exit scams. Additionally, CEXs are often subject to high trading fees, slow transaction times, and limited token offerings.

Solution KangarooSwap addresses these issues by providing a trustless, non-custodial trading platform that is faster, cheaper, and more secure than CEXs. The platform uses automated market-making (AMM) algorithms to provide liquidity and enable peer-to-peer trading of ERC-20 tokens.

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*Originally published on [Kangarooswapp](https://paragraph.com/@kangarooswapp/kangarooswap)*