LuaSwap - a new exchange protocol, inspired by previous AMM based exchange protocols such as Uniswap and SushiSwap. However, the redesigned strategy of tokenomics and how LuaSwap works liquide the shortcomings of other exchange systems.
Contents:
Description of LuaSwap
The platform provides a community driven multi-chain protocol through the LUA token. The main focus is on maintaining small pools of new tokens rather than fighting for liquidity in the top token pools.
The LUA token will be provided to liquidity providers to encourage them to stay with the protocol. Holding the LUA token means owning a stake in the governance of the protocol. All token holders can decide in which subsequent chains the LS will be implemented, how much LUA to distribute between LPs in the new chain, which new token projects should support Luaswap and much more. The goal of farming - to distribute a certain amount of protocol tokens over time. The long-term values of the protocol have the following qualities:
- product innovation;
- utilities for products;
- the network effect of the community of participants and users;
- safety, compared to clones.
The distribution of tokens can have the greatest impact on strengthening the network of the community of users and contributors, and it must be carefully designed. The distribution of tokens is as follows:
| Capitalization LUA | It is 500 million LUA. |
| Reward | 10 LUA per block, split across all existing LS pools. |
LUA farming has a short-term hyperinflationary period of 8 weeks, during which block rewards increase 128 times in the first two weeks and then halve each week. LUA token holders can exercise control immediately by voting for pools in LS.
Additional information
If you still have any questions, then:
- read the rules in Telegram;
- go to your Twitter channel.
There you can get acquainted with the upcoming updates, promotions, participate in contests and contact the chat support.