With the upcoming release of Alonzo, there will be a lot of innovative projects looking for a place to initially distribute their tokens. There will also be lots of DeFi users looking for a place to trade new tokens as well as support their favorite projects. This is the premise of MinSwap - a multi-pool automated market maker. What is multi-pool, anyway? It means that there can be multiple pricing functions for one single pair, for example constant-product function, StableSwap invariant, Kyber's DMM function, etc. The trading interface will compute and route to the most efficient pools.
Features Fair Launch: No pre-mine, no pre-sale. MIN tokens are distributed fairly with only 10% allocated to development funds. Yield Farming: MIN tokens are rewarded to liquidity providers who stake their liquidity pool tokens. Launchpool: Supporting new projects in Cardano ecosystem with Initial DEX Offering (IDO) and Initial Farm Offering (IFO). Permissionless: Anybody can list tokens without permission. Anybody can trade tokens without KYC. Community First: All trading fees go directly to liquidity providers. MIN token holders can vote democratically on protocol changes. Ethereum Compatible: With ERC-20 Converter, users can trade Ethereum tokens at much lower fees. Stake Pool Operators Support: Minswap supports the SPOs by a community-oriented ADA delegation policy and automatic native token fees conversion. (more details in FAQ)
Roadmap Q2 2021: Fundraising, Constant-Product Pool, Testnet Q3 2021: Mainnet, Security Audit, Liquidity Mining, Initial DEX Offering (IDO), Initial Farm Offering (IFO) Q4 2021: Stable Pool Q1 2022: Decentralized Autonomous Organization (DAO), Community Governance
Token Distribution Only 10% of the newly minted tokens is allocated to the dev funds, the rest go to our community. 🤗 And yes, no premine or presale, at all.
Team Our team has experience working in big companies such as Amazon Web Services (AWS), GHTK and contributing to big open source projects like Jenkins, Kubernetes, Prometheus. We have got Innovation Award at NEO Hackathon Tokyo, thus demonstrating our knowledge about DeFi and blockchain. We are all also part of the Plutus Pioneer Program.
Funding Salary for 3 engineers in 3 months: $2000 * 3 * 3 = $18000
Salary for 1 marketing manager in 3 months: $2000 * 3 = $6000
Salary for 1 UI/UX designer in 3 months: $2000 * 3 = $6000
Marketing expenses in 3 months: $2500 * 3 = $7500 Total: $37500
Definition of Success
3 months: Launching prototype on testnet with constant-product pool
6 months: Bootstrap more than 80% of new project tokens
12 months: Implementing community governance and DAO
Public Launch Date: June 10th on Alonzo testnet
FAQ See our website 👉 https://minswap.org/#faq
Useful Links Website: https://minswap.org Read our whitepaper: https://minswap.org/docs/whitepaper.pdf Follow Twitter for more updates: https://twitter.com/minswapdex Talk to our community on Discord: https://discord.gg/amg2AFrPMJ See our development on GitHub: https://github.com/minswap Subscribe to our writings and blogging: https://medium.com/minswap Join our Reddit community: https://www.reddit.com/r/MinSwap/ Contact us at [email protected]
Definition of Success
Received emails from [email protected], How my proposal impacts the challenge metrics, Broken down my budget requirements, Defined expected public launch date., How I address the challenge question, Submitted this proposal to only one challenge, Definition of success after 3, 6 and 12 months, Included identifying information about all proposers