In this comprehensive analysis, we dive into Interport Finance and its ITP crypto. This cross-chain trading platform is poised to revolutionize cryptocurrency trading, offering groundbreaking features like meta DEX aggregation, cross-chain messaging, and interchain stablecoin liquidity.
To kickstart this article, we explore its main features and products and answer the question, “What is Interport Finance?” Then, we’ll shift our focus to the ITP crypto. As such, we’ll analyze the ITP token’s role within the Interport Finance ecosystem. Additionally, we’ll analyze the ITP crypto asset’s price history, provide insights into its tokenomics, and discuss key considerations before investing in $ITP. We’ll even use the basics of technical analysis (TA) to scout out essential levels for the Interport token price. To assist you further, we introduce Moralis Money, a valuable tool for monitoring and trading ITP.
What is Interport Finance? Exploring the Interport Crypto Ecosystem
Interport Finance (ITP) is a cross-chain trading platform. It aims to redefine the way cryptocurrency enthusiasts perform both cross-chain and single-chain trades. The project boasts several groundbreaking features, including meta DEX aggregation, cross-chain messaging, and interchain stablecoin liquidity. Interport offers all these features to simplify cryptocurrency trading and make it more efficient and profitable.
As we dive further into this section, you’ll learn more about specific aspects of this DeFi project. However, if you wish to be fully immersed in the Interport ecosystem, explore the project’s official website. There, you can find links to the project’s products, documentation, socials, and more.
According to the project’s official website and documentation, the Interport crypto project is at the forefront of the decentralized finance (DeFi) revolution. Its goal is to offer users an ecosystem that elevates the trading experience.
As mentioned, the project’s main objective is to simplify cryptocurrency trading, enabling users to swap any token on any supported blockchain for another token on any supported blockchain in a single transaction, all at the best available rate.
Main Features of the Interport Crypto
- Cross-Chain Trading: Interport leverages cross-chain messages to communicate with contracts on different blockchains and construct transactions. This ensures users can always be confident in the precise amount of desired tokens they will receive on another blockchain.
- Versatile Use Cases: The ecosystem offers a range of use cases, including simple trades or cross-chain swaps, aggregating prices from other DEX aggregators (meta DEX aggregation), avoiding significant slippage by utilizing cross-chain liquidity, regular arbitrage opportunities, stablecoin farming with high utilization ratios, revenue sharing through staking tokens, and allowing developers to build on top of their public and backend-free contracts.
- Best Rate Swaps: The ITP crypto aggregates data from over 250 sources, including liquidity pools, DEXs, price feeds, and aggregators, to ensure users get the best possible rate by considering price impacts and slippage. In cases where concentrated liquidity is unavailable, Interport performs partial swaps on different sources to build it into a single transaction.
- Gas and Fees: While Interport does not charge swap fees, users should be aware of gas fees incurred during transactions. These fees cover gas on the source and destination chains, cross-chain message gas, and liquidity migration compensation gas.
- Single Swap Transactions: The project optimizes the swap process to minimize user actions and reduce fees by executing the swap and transfer within a single transaction. Users don’t need to confirm transactions on the destination chain.
- Same-Network Swaps: Interport also allows for regular swaps within one network, ensuring efficient routing and the lowest price impact for the best rate.
- Slippage Optimization: The platform minimizes slippage losses through a unique approach to slippage configurations and settings. The method involves breaking slippage percentages into multiple zones to provide better swap rates.
ITP Crypto Products
The Interport crypto project splits its products into two categories: trade and earn. As you can see in the above screenshot, the trade category includes Interchain Swaps, Interport Bridge, and CCTP Swaps. Moreover, the earn category entails Stablecoin Pools and ITP Farms. To access any of these products, you need to visit the Interport website and use the “Product” drop-down menu.
Here are the core solutions and advantages of the ITP crypto project:
- Interchain Rates and Swaps: Users can swap any token for any other token on any supported network, all at the best rate and within a single transaction.
- Arbitrage Made Easy: Interport simplifies arbitrage opportunities by allowing users to swap assets from a chain with a lower price to a chain with a higher price, all in one transaction.
- Utilization of Assets: Interport efficiently utilizes assets by converting them to stablecoins on the source chain and using them to purchase desired assets on other chains.
- Yields: Interport offers competitive stablecoin yields with expected APRs on single-side staking in stablecoin pools.
- Interchain Optimal Swaps: This feature allows users to perform aggregated interchain swaps to achieve the best rate possible by analyzing rates on all chains.
- Automated Arbitrage Pool: The platform introduces single-side staking pools for multichain tokens to execute automated arbitrage transactions.
- Interchain Order Book: The platform introduces the opportunity to place Interchain orders for tokens listed on multiple supported chains.
- API SDK: Interport’s API SDK allows other protocols to integrate their contracts, boosting scalability and generating additional fees and trading volumes.
- Cross-Chain DEX Aggregator: Interport’s cross-chain DEX aggregator sources liquidity across all supported chains, enhancing the trading experience and enabling optimal swap routes.
Dapps and Tools Related to Interport Finance
In case you are new to crypto, it is worth pointing out that there are many other DEXs and token swap platforms available. The most popular platform among these types of dapps remains Uniswap, which now also supports multiple chains (Ethereum, Polygon, Arbitrum, Optimism, etc.).
Other popular DEXs for swapping tokens include Sushi, Multichain, 1inch, Paraswap, dYdX, Curve Finance, and many others. You can learn more about the leading Ethereum swap sites in our previous article. Plus, since the lines between exchanges and swaps tend to be rather blurry, we recommend checking out our crypto swap vs. exchange comparison.
Now, if you have some programming skills, you may be interested in building your own DEX or other types of dapp. In that case, it is important to use the right kind of tools. However, many Web3 devs continue to fall into the trap of reinventing the wheel.
Fortunately, you can easily avoid this pitfall by using the ultimate Web3 API provider – Moralis. With its Web3 Data API, Auth API, and Streams API, it makes Web3 development as straightforward as Web2.
What is the ITP Crypto Token?
ITP, a.k.a. the Interport token, is the native cryptocurrency of the Interport Finance ecosystem. It plays a pivotal role within the platform and offers a wide range of utilities, making it an integral part of the Interport experience.
The ITP coin is designed to enhance the functionality and benefits of the Interport ecosystem, providing users with various advantages and opportunities for participating in the project’s growth and success.
Key Aspects of the Interport Token
- Utility – ITP serves as a utility token, facilitating various actions and transactions within the Interport Finance ecosystem. Users can also leverage ITP for purposes such as staking, participating in liquidity pools, and even accessing certain premium features.
- Staking – Staking the ITP crypto tokens can yield rewards in the form of ITP tokens or other incentives. The platform’s high utilization ratio and APR on stable pools create opportunities for users to earn attractive yields through staking.
- Governance – $ITP holders have a say in the platform’s decision-making process. While Interport is not a DAO, it does offer some governance features that allow ITP holders to propose and vote on changes or improvements to the platform.
In addition to the above, ITP tokens can be used to incentivize users, boost liquidity, and drive user engagement. This has the potential to create a win-win situation for both the platform and its community members. Lastly, the issuance of ITP tokens follows a defined emission schedule, which outlines the total supply and allocation over time. This schedule can provide users with insights into the project’s long-term sustainability. You can find that schedule in the project’s documentation:
ITP Coin Tokenomics
- Token name: Interport Token
- Symbol/ticker: ITP or $ITP
- Network: Ethereum
- Token type: ERC-20
- Smart contract address: 0x2b1D36f5B61AdDAf7DA7ebbd11B35FD8cfb0DE31
- Minting timestamp: November 15, 2022, at 17:45:35 (+UTC)
- Total supply: 150,000,000 $ITP
- Token allocation:
- 10% private presale
- 10% public sale
- 25% team
- 44% incentives
- 11% reserves
Interport Crypto Price Analysis
The ITP crypto asset has been around since November 15, 2022. However, since its birth, the token hasn’t experienced a lot of trading activity, and the trading volume for this cryptocurrency has been quite meager. The reason for this could be the minimal circulating supply of $ITP tokens.
With that said, let’s look at the Interport crypto price action:
By looking at the above line chart, you can see that in the last months of 2022, the ITP coin traded in the $1.1 – $1.5 price range.
Then, in January 2023, when the rest of the crypto market started to recover, the Interport token price managed to get above $1.5. In fact, with two pullbacks down to $1.3-ish levels along the way, the asset climbed all the way up to $2.1 on May 9, 2023.
However, following that peak, the ITP crypto asset started to lose its value. As such, it didn’t take the token long to return to the $1.5-ish region. From there, it experienced a short-lived bounce but continued down. In fact, between May 31 and Jun 3, 2023, the ITP coin crashed quite hard, reducing its price by 77%.
The token found its local bottom at about $0.30 on June 15, 2023. From there, the $ITP price rallied all the way to $1.38-ish over the following 15 days. However, that level rejected the assets run and sent its price back towards its lowest level.
The Interport crypto token set its all-time low (ATL) on September 8, 2023, at $0.28-ish. It stayed at that level for five days and then increased by more than 30%, reaching the $0.39-ish level. That’s where $ITP still sits at the time of writing.
TA (Technical Analysis)
Again, we must point out that there’s really not enough price data to perform any advanced TA for $ITP. For instance, just look at the above twelve-hour chart. As you can see, there are many periods with no trading action. The non-existing trading volume columns at the bottom confirm that.
Still, we can use the basics of TA to determine the most significant price levels for the ITP crypto token so far:
Things to Consider Before Investing in $ITP
Given the asset’s low market cap (below $2 million) and trading volume, it is important to note that investing in $ITP at this point is quite risky. However, it is up to you to decide whether or not you should buy some Interport crypto.
To make an informed decision, make sure to go through the above sections that cover the gist of Interport Finance. This will help you decide if you find the project at all interesting. If yes, then it’s time you properly research the ITP crypto project and its native token further. You can do part of this research on the project’s official website. However, it is even more important to consider the asset’s live price in combination with its real-time, on-chain data.
Fortunately, the Moralis Money Interport token ($ITP) page offers all these details. It also includes links to the project’s official website and social media channels. But the most valuable insights come in the form of the asset’s live price and real-time, on-chain metrics. After all, this is the combination that tells you if/when to buy the Interport crypto.
Of course, do not forget to consider your current financial situation and risk tolerance. If those two aspects allow you to consider investing in the Interport token, follow the above “$ITP” link or use the interactive widget below.
Where and How to Buy the Interport Finance Cryptocurrency $ITP
Aside from allowing you to research ICP, the above-presented Moralis Money page also lets you buy the ITP crypto. As you can see in the image below, the page offers a section that allows you to swap ERC-20 tokens:
All you need to do to use this feature is to connect your Web3 wallet (e.g., MetaMask). By doing so, the swap feature will automatically select the ITP crypto token as the target asset. Hence, you just need to select the token you wish to use to buy the ITP coin, enter its amount, and execute the swap. You can view this simple process in the animation below:
What is Interport Finance? Full Interport (ITP) Crypto Analysis – Key Takeaways
- Interport Finance is a DeFi project with the primary goal of making cross-chain swapping as user-friendly as possible.
- The Interport platform already offers several products for trading and earning. These products include Interchain Swaps, Interport Bridge, CCTP Swaps, stablecoin pools, and ITP farms.
- To access any of the Interport products, simply visit the project’s official website and select the “Products” option.
- The project uses a native cryptocurrency called the Interport token (ITP).
- The ITP coin is live on the Ethereum chain, where it follows the ERC-20 token standard.
- $ITP has a low total supply of only 150,000,000, and the majority of it is not in circulation yet.
- From a price action perspective, the Interport crypto asset has been boring with extremely low trading volume.
- To determine if/when to buy $ITP, use Moralis Money’s token page dedicated to that asset.
- You can even buy the ITP crypto token on that page.
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