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What is LuaSwap?
The AMM pool has become a very important crypto primitive in DEFI as a place to not only list and trade tokens, but also to provide price feeds that other projects can build upon. LuaSwap is the new swap protocol inspired by the previous AMM-based swap protocols such as Uniswap and SushiSwap. However, LuaSwap’s redesigned tokeneonomics and operation strategy addresses the short-comings of other swap systems. At the core, LuaSwap delivers a community-governed, multichain protocol via the LUA token. The focus is to support smaller pools of emerging tokens instead of fighting for liquidity within the top token pools. Furthermore, LUA’s token economics is re-designed with a vesting schedule to not only reward early adopters but also incentivize them to stay and participate in governance for a longer period of time. The protocol will have a fair launch with no seed investment, founder’s fees, or pre-mine.
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