VanSwap, the largest liquidity platform in the Vision Chain, has launched the “Defi + NFT” paradigm

VanSwap, the largest liquidity platform in the Vision Chain, is the first DEX to introduce a “Defi + NFT” paradigm that isolates the platform token’s governance utility from its governance system and uses NFT to operate it. As the leading DEX deployed on the Vision Network, users can earn $VAN, VanSwap’s platform token, by injecting liquidity into the platform and minting unique NFTs to gain access to the governance system, IDO launchpad and obtain other areas.

The Vision Foundation representative said: “The VanSwap team’s Defi + NFT tokenomics model is quite a breakthrough in the DEX sector. Everyone believes that this new token model will take the mint-and-dump pain to a minimum and that NFT can play an important role in empowering and engaging Defi users.”

tokenomics.

$VAN is the platform token for VanSwap and the Token Generation Event (TGE) is expected to take place in July 2022.

The following pie chart illustrates the distribution for $VAN.

According to the token distribution, 1% of the total $VAN supply is allocated to the community. 30% will be designated as the first batch of airdrop, totaling 300,000 $VAN tokens.

mechanism.

The innovative Defi trading mechanism – Automatic Market Maker (AMM) has enabled traders to trade crypto assets directly from their blockchain wallets without having to rely on a centralized exchange. Despite the many benefits this mechanism has brought to the defi space, liquidity providers are suffering temporary losses due to the discrepancies in price action between the two trading coins. For this reason, yield farming was introduced to offset the liquidity providers’ temporary losses. However, the death spiral created by the mint-and-dump associated with yield farming will result in a steady downward movement in prices, making it difficult for yield farming to be sustainable.

To address the issue or at least minimize it as much as possible, the VanSwap team has developed an innovative dual model combining the tokens and NFTs. Its platform token, $VAN, offers liquidity providers the opportunity to be compensated (or rewarded) by using their liquidity. The NFT is coined by burning $VAN, and NFT holders receive premium privileges.

timetable.

The team has outlined a four-stage development and marketing roadmap for VanSwap over the coming year and a half towards the end of 2023.

VanSwap is the largest decentralized exchange and liquidity platform built on the Vision Network, creating a place for Vision Network users to trade, earn, invest and govern.

To learn more about VanSwap, please click on:

Official website: https://www.vanswap.org/#/home

Twitter：https://twitter.com/Van_Swap/with_replies

Medium：https://medium.com/@vanwap

Discord: https://discord.com/invite/vCXypETPc2

media contact
Name of the company: VanSwap
Interlocutor: Jason Williams
E-mail: Send e-mail
Country: Singapore
Website: https://www.vanswap.org/#/home

Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers