ZoomSwap — a cross-network infrastructure project that creates liquidity for Layer 1 blockchains, AMM and partner crypto projects. The launch on IoTeX gives farmers a great opportunity to earn ZM $ and other project tokens.
Contents:
Description of the ZoomSwap defi app
ZoomSwap takes advantage of fast and cheap IoTeX transactions. ZoomSwap runs on top of mimo.exchange, a DEX on the IoTeX network. LP tokens - Mimo-LP tokens. You can earn $ ZM on farms by betting your LP tokens. $ ZM tokens are being launched on IoTeX for the first time. Unlike other farm tokens with unlimited supply, it has a total maximum supply and will decrease as it is mined.
Other features of this crypto coin site:
| 1. | The aim of the airdrop - to reach all users who are active players in decentralized applications. A total of 40,000 ZOOMs will go to all participating addresses in proportion to their earned points. |
| 2. | The ZoomSwap token swap - an easy way to integrate with mimo, the leading DEX on IoTeX, and use the mimo liquidity pool to swap one XRC-20 token for another |
Since DEXs do not use order books and use an Automatic Market Maker (AMM) mechanism, the exchange requires the use of liquidity pools that come from liquidity providers (“LPs”) who list their token pairs in “pools” on the exchange. DEX. In return, they receive LP (liquidity provider) tokens. These LP tokens can then be placed on farms to earn $ ZM.
Users can enter a large scale farm by betting different trading pairs and charge a 0%-2% deposit fee for flaring and give to a repeater to offset the cost of gas on tx withdrawal. Farms enable IoTeX projects to grow their ecosystem with an easy-to-use crop growing interface. ZoomSwap users can deposit their LP tokens from MimoSwap on farms to earn ZM tokens as a reward.
More about the blockchain project
You can get more information through a dedicated introductory document. The RoadMap section marks future updates.
The smart contract has not been audited. The exchange interface is designed in English and Chinese.