PowerDeFi — is the Uniswap IOST-port. This is a reliable decentralized exchange that allows users to trade any token, based on IOST without depositing or withdrawing funds to the centralized order book. Anyone can contribute by adding or removing liquidity to profit through exchange fees.
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Description of PowerDeFi project
Uniswap — a protocol, originally created on ETH as a part of its DeFi ecosystem. Uniswap automates the process for market makers (so-called liquidity providers) through smart contracts as a method to guarantee liquidity for a trading pair.
There is a DEX fee of 0.5%, which is distributed as follows:
- 0.3% of liquidity providers;
- 0,1% PMINE;
- 0.1% platform fee.
Uniswap's automated liquidity protocol solves the problem that most tokens face - the lack of liquidity. This liquidity makes the token (usually from DAPP) less attractive to users, and thus DAPPS can increase the volume and attract a large user base. The launch of PowerDeFi is a small step for PMINE owners, but a giant leap for the IOST community as a whole.
Why you should choose this project?
Uniswap porting - just the first part of a large Road Map that Powermine plans to expand in the IOST DeFi ecosystem.
Powermine not only aims to vote weekly for a new site, but also accelerates the process of attracting IOST users, thanks to a partnership with Sonata to introduce a new tool of the account creation. The Powermine Group strengthens the IOST ecosystem from several perspectives:
- on the part of users: the acquisition of IOST members and excellent DeFi tools;
- in terms of IOST basics and nodes: voting and adding potential nodes to IOST..
The Powermine Group can’t be stopped, and it continues to add more valuable partnership projects to its list, enter into strategic alliances and, ultimately, help to promote IOST in its rightful position.
DEX starts with the following pairs and liquidity:
| IOST/PMINE | 4.45 million IOST and 500 PMINE |
| IOST/IMATCH | 440 thousand IOST and 10 IMATCH |
| IOST/PLAYTOKEN | 100 thousand IOST and 20 thousand PLAYTOKEN |
| IOST/IFRY | 120 thousand IOST and 200 IFRY |
Each sale is beneficial to PMINE owners, as part of the commission from each transaction is sent directly to the PMINE bankroll now. There is no White Paper and RoadMap on the project website, there is only a brief project description. Also, there is no information about the availability of audit of a smart contract. To stay up to date with all news, subscribe to the telegram channel of the community.