SecondSwap Expands to Avalanche, Enhancing Token Trading Transparency
SecondSwap has announced its move to the Avalanche blockchain, following a successful launch on Ethereum. This expansion aims to create a transparent and accessible secondary market for locked and vesting tokens.
Traditionally, trading locked tokens has been a private, opaque process. This often leads to inefficiencies and settlement risks. SecondSwap is changing this by bringing locked token trading fully on-chain. Using smart contracts, the platform ensures transparent pricing, verifiable asset transfers, and real-time settlements.
SecondSwap’s founder,Kanny Lee,explained,”Our platform transforms the secondary market for locked tokens. It offers a bidding mechanism where users can propose discounts and choose preferred vesting periods.”
Projects using SecondSwap can issue, price, and trade locked assets without third-party services. Investors can access discounted tokens with lockup periods of three, six, or twelve months. This opens up opportunities for a wider range of investors, not just institutions.
Justin Kim,Head of Asia at Ava Labs,said,”SecondSwap aligns with Avalanche’s mission to digitize and democratize asset ownership.” The platform’s expansion supports Avalanche’s DeFi growth plans.
secondswap recently secured $1.2 million in seed funding from GSR and Animoca Ventures. the company plans to build tools for on-chain lifecycle management, aiming to reduce volatility and improve market efficiency.
