SwapX, inspired by Uniswap, has made key updates to Uniswap and introduced a number of new features, especially in relation to incentive tokens. The developers believe that these features will improve the design of the protocol and bring even more benefits to the participants.
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Description of the SwapX project
As a leader in AMM-based DEX, Uniswap has become the industry standard from which many projects have adopted their principles and models. However, AMM-based DEXs are still in their early stages and there is a lot of room for improvement in terms of user experience, transaction fees, liquidity pool management, asset classes, trading speed, etc.
Токен Pair — the credentials for managing individual liquidity pools on SwapX. Pair token is an ERC-20 that is freely transferable and tradable. In addition, the token also serves as a credential to determine the distribution of SWP, the SwapX governance token.
Token features:
| Firstly | SWP, the Swap X platform governance token, goes through mining. |
| Secondly | SWP runs through a mining algorithm without reserve or pre-mining tokens. |
| Thirdly | SWP deals with liquidity incentives, trading, management voting and certification fees. |
85% of the Pair token goes to S-token holders. 15% is distributed among the communities for public incentives, R&D, daily operation and maintenance, risk reserve, etc. The community determines the usage and the amount to be used by voting on governance issues and regularly disclosing usage information for public review.
Additional information
There is no WhitePaper document on the site. Therefore, you can get detailed information about the project from the article on the Medium blog.
Stay up to date with all news and updates with the community on social networks:
All smart contracts are available on GitHub for everyone. You can watch them here.