Warmest greetings from the EmiSwap team to everyone!
Today is a great day for the EmiCommunity: the EmiSwap AMM decentralized exchange — the first project in the EmiDAO ecosystem — is now live. That means, the juicy rewards for early swappers and liquidity providers will be unlocked in 10 days and it’s time to streamline your knowledge about the EmiSwap features and bonuses!
Nuts-and-bolts of the EmiSwap DEX
EmiSwap is a cutting-edge automated market maker DEX with a governance ESW token designed to maintain a high level of decentralization from the outset.
Being an automated market maker exchange, EmiSwap has a mathematical pricing algorithm that works similarly to a traditional order book exchange. However, you don’t need to have a counterparty on the other side to make a trade. Instead, trades happen between users and smart contracts funded by liquidity providers. This enables yield farming, also known as liquidity mining.
The EmiSwap DEX takes all the best practices of AMM Uniswap V2 and AMM Mooniswap with the addition of an ESW token that adds fairness and decentralization to the whole ecosystem. The ESW token holders are the actual owners of the project who have a right to get a share of profits and make decisions on its project development.
Note that EmiSwap compensates 100% gas fees for any operation on EmiSwap, be that swapping, liquidity mining, or ESW token purchases.
Find more details about the EmiSwap features in our detailed article on Medium.
Introducing first of its kind NFT Magic Cards
EmiSwap introduces Magic Cards — bonus NFT collectible cards that can be earned as a result of participating in the EmiSwap token sale that finishes on April 2, farming, or staking different currencies on AMM EmiSwap. Each card contains a special bonus, including a certain amount of bonus ESW tokens, x2 or even x3 multiplier for an exchange, and extra rare collectible cards with their own value.
The card collectors are also offered an opportunity to participate in special events like Card Wars and closed draws that can increase the profit from coins compared to other decentralized exchanges.
Eager to get your first NFT Magic Card? Consider the following option: All ESW token sale participants who make a one-time purchase of 500 ESW and register for the White List will receive an NFT Card once the token sale finishes on April 2.
Rewards for early swappers and liquidity providers
You are an EmiSwap fan eager to get down to using the platform? We praise that. That’s why we offer early bird rewards for the first adopters of the EmiSwap platform.
If you’re a swapper, you will get 16 ESW for every 1,000 DAI of personal trading volume from the 11th to the 100th day after today’s launch.
And if you are a liquidity provider, you will get a proportional share from 30,000 ESW distributed among liquidity providers for 1 million DAI trading volume within the same timeframe. Furthermore, EmiSwap will issue 6,150 ESW additionally every 1000 blocks from the 11th to the 40th day after launch that will be distributed among liquidity providers in proportion to the amount of liquidity provided.
Choose your side and join us at https://emiswap.com/
A few details on the ESW token sale
The EmiSwap ESW token sale is still ongoing, so if you’d love to become one of the first ESW holders and get a chance to earn exclusive NFT Magic Cards, visit about.emiswap.com. Note that only 10% of the total ESW supply will be available for purchase during the token sale. The purchased tokens will be vested for one year with quarter unlock by equal shares to mitigate the risk of token price manipulation.
After April, 2 only investors who are willing to make a purchase worth 25,000 USDT or more will be able to join. There will be an opportunity to join with smaller investments only if some larger investor decides to sell ESW. We’ll have a form for such inquiries published on our site.
Feel free to join the EmiSwap community and stay up to date with the news: