Niubiswap - a decentralized exchange, an automated farm for generating market maker profitability with the goal of a Decentralized Autonomous Organization (DAO). More precisely, setting up DeFi services as an autonomous company (DAC) investment fund, while leveraging Binance's Smart Chain and focusing the Asian market as the main strategy.
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Description of Niubiswap
Niubiswap has appeared with a true fair launch strategy, aimed at creating a fully decentralized organization, where NIU holders will participate in the decision-making process.
Initially, only 25,000 NIUs were minted and half of these were distributed to the early teams and founders. In a crowded market with several competitors, Niubi offers critical advantages, two of which are:
| 1 | Community based development. |
| 2 | Fair and open distribution of tokens. |
The company focuses on solving many issues by developing with a decentralized and community-oriented strategy. With a built-in governance token, called NIU, which is fully community distributed, decisions will be made by NIU holders on the DAO Gov platform.
Platform economics
On Niubi Exchange (AMM), you can very exchange any token from one BEP-20 token to another through automatic liquidity pools. The liquidity, provided to the exchange, comes from liquidity providers (“LPs”) who place their tokens in “pools”. In return, they receive Niubiswap Liquidity Provider (NIU-LP) tokens, which can also be staked to earn Niubi (NIU) tokens in the Niubi zone. When exchanging tokens on the exchange, a commission of 0.30% is charged, of which:
- 0.17% will go to liquidity providers (LP);
- 0.03% - to the treasury;
- and the remaining 0.1% will be converted to NIU tokens and burned.
When liquidity providers decide to remove their liquidity from the pool, they receive a transaction fee along with their contribution to the pool and the liquidity token they receive. Like the AMM DEX on Binance Smart Chain, Niubiswap supports all Binance Smart Chain (BEP-20) tokens and comes with two native tokens. On Niubiswap, you can farm the Niubi (NIU) token, providing liquidity in pools like any other Yield farm, and add it to the HongBao zone for the Hongbao (BAO) token, which rewards you with more NIU or other tokens, whichever in which Hongbao you choose to place your Niubi tokens.
Additional information
There is no WhitePaper document on the site. Instead, all information you need is available on the main page. Also, you will find instructions on how to work there.
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