What is ParaSwap?

Symbol: PSP · Market cap rank: #2741

Short answer

ParaSwap (PSP) is a cryptocurrency currently ranked #2741 by market capitalisation.

Source: isthiscoinascam.com

Overview

ParaSwap’s governance token is PSP. It is used for governance within the ParaSwap protocol. The description links PSP specifically to ParaSwap’s decentralized exchange aggregator.

ParaSwap is described as a decentralized exchange aggregator intended to be market efficient. No additional details about founders, founding year, token supply cap, technical architecture, native chain, or specific governance mechanisms are provided in the source.

Scam-risk analysis

ParaSwap has a low score, indicating elevated scam risk based on the available data. Is ParaSwap a scam?

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