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SatoroSwap

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The total fiat value of assets in a dapp's smart contracts
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News

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Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.
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Miguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.
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Luis Flores

What is SatoroSwap?

SatoroSwap — a decentralized exchange and profitability farm, powered by the Binance Smart Chain (BSC).

Contents:

SatoroSwap

About the SatoroSwap project

SatoroSwap — a community driven project, governed by community votes on all major protocol changes. All contracts will be locked in time with a 6 hour delay when farming starts, so the community can review all changes. The pre-mined 2 million tokens will help with marketing and replenishment of the lottery, plus a significant portion of it will be burned. As of now, most of the tokens are locked for 3 weeks. The community manages liquidity, the team only holds a small amount.

Some features:

1 DEX applies a 0.5% commission to all transactions.
2 0.34% goes to liquidity providers.
3 0.16% goes to the SatoroSwap treasury (most of it will help to buy back and burn Satoro tokens).

Users will be able to increase their SATORO rewards by posting NFTs with different promotion mechanisms. In the near future, it is going to establish partnerships with the NFT project. This means that, in theory, any kind of NFT can be increased.

Games and lotteries will automatically receive rewards from farming contracts and they will participate in token shortages by adding a burn mechanism.SatoroSwap

The voting system will be available very soon. The intention - to ask the community to vote for any changes, such as adding a new farming pool. Change the deposit reward, update the referral percentage, and so on.

What else should you know?

Any changes will be tracked by users after MasterChef takes over timeLock. Farming pools will be locked for 6 hours immediately after activating SATORO rewards. If the user triggers the EmergencyWithDraw function, the user will get the LP back, but will permanently lose the NFT, which is not ideal, given that the NFT can be quite valuable. There is an introductory document on the site. With it, you can explore the features of the project. The RoadMap section marks the release of future updates.

From social networks, the community leads:

Subscribe to stay up to date with all updates. Smart contract audit is available here.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.