Tag: DEX

MantleSwap ($MANT) Token Airdrop Guide: LIVE NOW!
MantleSwap is a decentralized exchange built on the Mantle Network, an Ethereum Layer-2 protocol developed by BitDAO, one of the largest DAOs and a partner of Bybit. The MantleSwap Incentivized Testnet recently launched, and early users could potentially earn token airdrops in the future!

MantleSwap ($MANT) Token Airdrop Step-by-Step Guide

Here’s how to get the MantleSwap ($MANT) token airdrop:
1. Claim Goerli ETH from Faucets
2. Add Mantle Testnet to MetaMask
3. Mint $BIT Test Tokens
4. Bridge $BIT to Mantle Testnet
5. Claim Test Stablecoins at MantleSwap Testnet
6. Swap Tokens
7. Provide Liquidity
8. Complete Zealy Tasks
See below for more in-depth details!

What is MantleSwap?

MantleSwap is the premier decentralized exchange (DEX) built on the Mantle Network. It offers a suite of DeFi products for Mantle users, including an automated market maker (AMM) exchange, staking services, launchpads, lending, and GameFi.

At its core, Mantle Network is a technology stack for scaling Ethereum and EVM-compatible blockchains. Mantle has been built with a modular architecture that uses an optimistic rollup with data availability solutions. This allows Mantle to inherit security from Ethereum and offer cheaper and more accessible data availability.

Does MantleSwap Have a Token?

Yes, MantleSwap plans to launch its native token $MANT. Details of its tokenomics, emissions rate, and contract address will be announced soon.

Additionally, the MantleSwap team has hinted on Discord at a potential $MANT airdrop. They encourage community members to interact with the incentivized testnet and stress-test the network.

How to Get the MantleSwap ($MANT) Token Airdrop?
The best way to get the $MANT token airdrop is to interact with the MantleSwap Incentivized Testnet. These steps are also part of the Mantle Network ($BIT) token airdrop steps, which means you can potentially earn double the rewards! Here’s a step-by-step guide:
1. Claim Goerli ETH from Faucets
  You will need Goerli ETH to mint $BIT test tokens and bridge them to Mantle Testnet. You can use the Alchemy Faucet or Goerli PoW Faucet.
2. Add Mantle Testnet to MetaMask
  Add Mantle Testnet to your MetaMask wallet via ChainList.
3. Mint $BIT Test Tokens
  Mint $BIT test tokens at the Mantle Testnet Faucet. The network is on Goerli Testnet.
4. Bridge $BIT to Mantle Testnet
  Go to the Mantle Testnet Bridge, and transfer your $BIT from Goerli to Mantle Testnet. This process might take a while.
5. Claim Test Stablecoins at MantleSwap Testnet
  You can use your $BIT to claim more test tokens at MantleSwap’s faucet.
6. Swap Tokens
  Use the Swap feature, and swap some $BIT to $MANT. You can also swap between other available tokens.
7. Provide Liquidity
  On the Swap page, click the Liquidity tab and deposit a token pair to provide liquidity. You can see your liquidity positions at the Pool page.
  
  You can also deposit liquidity into a stablecoin pool.
8. Complete Zealy Tasks
  Join and complete Zealy tasks to unlock roles at MantleSwap’s Discord. These roles can help you earn more rewards in the future!
Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Although MantleSwap has not yet officially announced a token airdrop, it is typical for incentivized testnets to reward early users upon the launch of the native token. Additionally, the MantleSwap team has hinted on Discord at a potential $MANT airdrop.

Airdropped Token Allocation: The airdropped token allocation is yet to be announced.

Airdrop Difficulty: Simply claim $BIT test tokens and bridge them to Mantle Testnet. Swap tokens and provide liquidity at MantleSwap as frequently as you can.

Token Utility: The MantleSwap team will soon publish details about the utilities of $MANT.

Token Lockup: There is no tokenomics yet.
April 24, 2023
Onchain Trade ($OT) Token Airdrop Guide: LIVE NOW!
Onchain Trade has deployed its beta on Arbitrum and zkSync, and users of the protocol can potentially qualify for an airdrop. In this article, we will explain what Onchain Trade is and what you can do to position yourself for the airdrop.

Onchain Trade ($OT) Airdrop Step-by-Step Guide

Here’s how to get a potential Onchain Trade ($OT) airdrop:
1. Buy $OT on Onchain Trade Website
2. Connect Wallet to Arbitrum or zkSync
3. Claim Goerli ETH from Faucets
4. Claim Testnet Tokens on Onchain Trade
5. Trade on Onchain Trade
6. Provide Liquidity on Onchain Trade
7. Stake Assets on Onchain Trade
See below for more details.

What is Onchain Trade?

Onchain Trade is a new perpetual decentralized exchange (DEX) that offers single token liquidity pools instead of the traditional token pairs in automated market makers (AMMs). This is done by grouping deposited tokens with its native OSD algorithmic stablecoin to form a virtual pair. This approach reduces the risk of impermanent loss, allowing for better capital efficiency for traders, liquidity providers, and third-party projects.

What is Backing the Peg of OSD Stablecoins?

OSD is backed by all the assets in liquidity pools that have a positive OSD balance as well as the treasury. When users trade, they use a starting price to form a pricing curve, similar to Uniswap. However, unlike Uniswap, they only need to use one token instead of two. By essentially connecting all assets to OSD, the protocol aims to maintain stability and avoid sharp price fluctuations seen in other algorithmic stablecoin projects, most notably Terra Luna.

It is important to note that algorithmic stablecoins are still deemed unstable because of its dependency on strong liquidity and market mechanisms. If a large investor were to take actions that significantly impacted the supply or demand of the asset, it could potentially affect the stability of the algorithmic stablecoin.

Does Onchain Trade have a Token?

Yes, Onchain Trade has confirmed in its document that there will be an $OT token. $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT. $OT has a total supply of 100 million tokens and it will be launched on Arbitrum.

According to the tokenomics, 50% will be allocated to liquidity/trading incentive and airdrops. Additionally, 10% will be up for public sale (IFO) from 10th March to 17th March 2023. $OT holders will also be eligible for an airdrop!

How to Receive $OT Token Airdrop?
The best way to receive $OT airdrop is to participate in the IFO and interact with their beta testnet. Here’s a step by step guide:
1. Buy $OT on Onchain Trade Website
  Public sale will take place on the Onchain Trade website between 10th March and 17th March 2023. $OT holders will be eligible for an airdrop.
2. Connect Wallet to Arbitrum or zkSync
  Go to beta.onchain.trade and connect your MetaMask. Switch the network to Arbitrum Goerli or zkSync Era Goerli (or Alpha Testnet if you added the RPC last year).
3. Claim Goerli ETH from Faucets
  Claim Goerli ETH on goerli.portal.zksync.io/faucet for zkSync and faucet.triangleplatform.com/arbitrum/goerli for Arbitrum.
4. Claim Testnet Tokens on Onchain Trade
  Click “Test tokens” at the top right side of the screen. Afterwards, you can see your account balance at beta.onchain.trade/portfolio.
  
  If you want to see it in your MetaMask, you will need to import the contract address of the tokens to see your account balance. To do this, click the transaction hash and it will redirect you to the block explorer, where you can copy and paste the information to your MetaMask.
5. Trade on Onchain Trade
  Go to beta.onchain.trade/trade to swap tokens including OSD stablecoins, enter long positions, and short positions.
6. Provide Liquidity on Onchain Trade
  Go to beta.onchain.trade/pools and select any available asset you want to deposit. After depositing, you will receive a single LP token. You can also use the borrow and repay feature.
7. Stake Assets on Onchain Trade
  After providing liquidity, you can stake your LP tokens as well as $OT at beta.onchain.trade/earn. You can also use the borrow mining feature after borrowing assets.
Onchain Trade ($OT) Token Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Onchain Trade has confirmed in its document that there will be an airdrop.

Airdropped Token Allocation: 50% of the total $OT supply will be allocated to liquidity/trading incentives and airdrop. An additional 10% will be airdropped to holders who buy $OT in the public sale from 10th March to 17th March 2023.

Airdrop Difficulty: The steps are relatively easy. You can buy $OT in the public sale for more airdrops or you can interact with their beta testnet to qualify for the snapshot.

Token Utility: $OT is the governance token of the protocol and it has a non-transferable staking counterpart called vOT.

Token Lockup: The $OT tokens allocated for incentives will follow a 2 to 5 year vesting schedule. The team is allocated 20% of the total supply, which will be locked for the first three months and then distributed linearly over the next 24 months, resulting in a total lock-up period of 27 months.
March 25, 2023
Vertex Protocol ($VRTX) Token Airdrop Guide: LIVE NOW!
Vertex Protocol’s testnet is currently live, and they are planning to launch their $VRTX token. This means that an airdrop is very likely. In this article, we will explain what Vertex Protocol is and what you can do to position for the airdrop.
Table of Contents

Toggle
Vertex Protocol ($VRTX)Airdrop Step-by-Step Guide

What is Vertex Protocol?

Does Vertex Protocol have a Token?

How to Receive Potential $VRTX Airdrop?

Airdrop Review
Vertex Protocol ($VRTX)Airdrop Step-by-Step Guide

Here’s how to get a potential Vertex Protocol ($VRTX) airdrop:
1. Connect Arbitrum Goerli to your Wallet
2. Claim Testnet Faucet ETH
3. Claim Extra Testnet Funds on Vertex Protocol
4. Deposit Funds to Start Trading
5. Trade on Vertex Protocol
See below for more details.

What is Vertex Protocol?

Vertex Protocol is a decentralized exchange (DEX) that offers fast and efficient cross-margined spot and derivatives trading, lending and borrowing for yield or leverage, and a robust risk engine for capital efficiency and risk management. It features an easy-to-use UI/UX for both Web3 and Web2 preferences, industry-leading fees, and complete self-custody of funds.

Built on Arbitrum, Vertex leverages smart contracts for optimal liquidity and trading opportunities, multiple UIs catering to traders of different levels and goals, a high-quality software development kit, future tokenomics for strong alignment of incentives and governance rights, and seamless bridging and on/off ramp experiences directly in the dApp. With Vertex, users can enjoy a frictionless decentralized trading experience while having full custody of their own funds.

Does Vertex Protocol have a Token?

Yes, Vertex Protocol confirmed in their litepaper that they are planning to launch their $VRTX token. It is a governance token that allows users to participate in the protocol in a decentralized manner. Additionally, Vertex will create two other tokens: xVRTX, a liquid staking token, and voVRTX, a voting token that cannot be transferred. Both tokens are crucial in rewarding stakeholders at different levels of governance and participation based on their level of commitment to the protocol.

How to Receive Potential $VRTX Airdrop?
Time needed: 15 minutes

The best chance to receive a potential $VRTX airdrop is to interact with the Vertex Protocol testnet. Here’s a step-by-step guide on how to position yourself for the airdrop:
1. Connect Arbitrum Goerli to your Wallet
  Go to app.vertexprotocol.com/portfolio/overview, connect your MetaMask and switch to the Arbitrum Goerli network. It will automatically connect for you.
2. Claim Testnet Faucet ETH
  Copy and paste your wallet address at faucet.triangleplatform.com/arbitrum/goerli to claim 0.01 testnet ETH on Arbitrum Goerli. You will need this for gas fee in the next step.
3. Claim Extra Testnet Funds on Vertex Protocol
  After you have some testnet ETH on your Arbitrum Goerli, go to app.vertexprotocol.com/portfolio/faucet. You can mint testnet wBTC, wETH, and USDC here. You can mint as many times as you like, but keep in mind they have no monetary value.
4. Deposit Funds to Start Trading
  Go to app.vertexprotocol.com/portfolio/overview and click “Deposit”, and then approve and confirm the transaction. Keep in mind your deposits may take a few minutes to be reflected in balances.
5. Trade on Vertex Protocol
  Once your funds are deposited, you can start trading on the spot market or perpetuals. Since these are testnet tokens, feel free to go crazy on those trades! We recommend making at least 10 trades per day to secure a position for the airdrop snapshot.
  
  You can check your open orders at app.vertexprotocol.com/portfolio/orders, your perpetual positions at app.vertexprotocol.com/portfolio/positions, and your account balance at app.vertexprotocol.com/portfolio/balances.
Airdrop Review

When reviewing an airdrop, there are several factors to consider. First, the likelihood the project will even do an airdrop in the first place. Then, to look at how many tokens the project intends to allocate towards airdrop campaigns, as well as the difficulty in participating in their airdrop. It is also important to look at the utility of the token so that there will be an actual use and purpose in participating in the airdrop in the first place. (perfumesample.com) Finally, a factor to consider when reviewing an airdrop is whether the airdropped tokens are subject to any lockup period.

Likelihood of Airdrop: Vertex Protocol has not officially announced an airdrop. However, their testnet is currently live and they are planning to launch the $VRTX token, which means an airdrop is very likely.

Airdropped Token Allocation: Their tokenomics is not yet available, so this information is unknown for now.

Airdrop Difficulty: It is very simple to qualify for the airdrop. All you have to do is connect to the Arbitrum Goerli network in your MetaMask, claim testnet tokens, and start trading.

Token Utility: The $VRTX token is a governance token that enables users to participate in Vertex Protocol in a decentralized manner. The protocol will also introduce two other tokens: xVRTX, a liquid staking token, and voVRTX, a voting token that cannot be transferred. These tokens will be used to reward stakeholders at different levels of governance and participation based on their level of commitment to the protocol.

Token Lockup: The $VRTX token lockup period is unknown for now.
March 25, 2023
Aries Market Guide
Aries Market is a decentralized cryptocurrency exchange built on Move, the same programming language used by Aptos to build its blockchain. Aries Market provides a wide range of decentralized finance (DeFi) products such as borrowing, lending, and margin trading on 1 single platform. Products include lending, borrowing, margin trading, swapping, and account risk management.

What is Aries Market?

Aries Market is a decentralized crypto exchange offering a wide range of DeFi products on a unified platform. On Aries Market, users can have a unified margin account on which they can borrow from various liquidity pools, earn interest on deposits, and do swaps and trades.

What products are available on Aries Market?

Aries Market is currently in a “soft launch” phase where all its features are not available yet. At present, the following products are available on Aries Market: lending, borrowing, swaps, and global account management. Notably, trading features are not yet available on Aries Market.

There are, however, deposit limits for the available asset pools on Aries Market. The limits are as follows: 4 million zUSDC (LayerZero), 4 million USDC (Wormhole Bridge), 500,000 APT, 10,000 SOL.

Aries Market

Supported assets

Aries Market currently supports the following assets: zUSDC (LayerZero), USDC (Wormhole Bridge), APT and SOL. The team expects more assets to be listed soon.

Coming soon on Aries Market

The Aries Market team expects the following features to be available in the coming months:
- Full set of features will be available on Aries Market;
- integration of Aries Market with Aptos; and
- Gamified events and campaigns on the Aries Market and Aptos community.
Learn more about Aries Market

Twitter

Medium

Website
October 27, 2022
Serum DEX ($SRM): A Guide to Using Aldrin and Raydium on Serum
Serum ($SRM) is a decentralized exchange (DEX) that offers cross-chain trading at a speed and efficiency that rivals centralized exchanges. It runs on the Solana blockchain but will be fully interoperable with Ethereum as well as Bitcoin.

Learn how to trade on Serum DEX with Aldrin and Raydium in this video:

There are several factors that make Serum unique. Serum is a protocol that is fully decentralized down to the core, unlike most decentralized finance (DeFi) platforms today. In fact, it does not utilize oracle price feeds at all. Instead of using the traditional automated market maker model, Serum DEX facilitates decentralized automated limit order books. Serum end-users can place orders with fully automated matching through an on-chain order book. This allows traders to have more control over their trades.
Table of Contents

Toggle
What is the difference between Bonfida, Aldrin, Raydium, and all these markets listed on Serum?

How to use Raydium on Serum DEX

What is Raydium?

How to trade on Raydium- Swap feature?

How to use Aldrin on Serum DEX?

What is Aldrin?

How to trade on Aldrin?

How to place a market order on Aldrin?

How to place a limit order on Aldrin?

Staking on Aldrin

Conclusion: Main features and advantages of Serum DEX
What is the difference between Bonfida, Aldrin, Raydium, and all these markets listed on Serum?

When you go onto the trading section on Serum, you are presented with all these markets such as Bonfida, Mango Markets, Aldrin and Raydium to name a few. But what is the difference between all these markets listed on Serum DEX? And are they the “real” Serum?

Well, it turns out all these markets are the “real” Serum. These markets are decentralized apps (dApps) available on Serum DEX because the DEX gives users the opportunity to create their own custom financial products and dApps. These dApps can be found by entering the Serum portal and are part of the Serum ecosystem with their own interface, each competing with the other to provide the best user experience.

In this article, we will explore the functions of two of the most popular dApps available on Serum: Aldrin and Raydium.

How to use Raydium on Serum DEX

What is Raydium?

Raydium is the first automated market maker (AMM) built on Solana, enabled with lightning-fast trades, shared liquidity, and yield earning. The swap function is the simplest function available and the most user-friendly for beginner traders.

How to trade on Raydium- Swap feature?

To access this feature, simply click on the ‘Swap’ tab and you will be redirected to the page below.

Step 1: Swap tab

Next, you will need to connect your wallet. Once your wallet is connected, you can expand each drop-down menu to select the tokens you would like to swap. ‘From’ is the token you will pay and ‘To” is the token you will buy during the trade.

After selecting the tokens, you can input the amount you would like to pay and receive an estimate of the amount you will receive.

Step 2: insert amount

Before confirming the trade, you will want to take note of the price impact. Price impact is the difference between the market price and estimated price due to trade size. Typically, you would want minimal price impact so if the amount is 1% or 2%, you might want to reconsider the trade. This is especially important for tokens with a smaller market cap.

To proceed with the trade, simply click on the Swap button and approve the transaction. The transaction will then be processed and completed.

Raydium’s swap feature is simple to use and the speed of the Solana blockchain allows transactions to complete almost instantly. However, the tokens you can swap are limited and because of its simplicity, more experienced traders do not have access to additional features such as limit orders.

To access these more advanced features, we like to use Aldrin.

How to use Aldrin on Serum DEX?

What is Aldrin?

Aldrin is a decentralized exchange (DEX) on Solana that seeks to simplify the process of digital asset trading for both beginners and advanced traders alike. There are many token pairs that can be traded on the exchange. The dashboard for traders is also pretty comprehensive and informative, with an option for users to review important token data before they conduct their trades. Aldrin makes it easier for traders to find the website of a token, its trade analytics, and other pertinent data about it.

How to trade on Aldrin?

To trade on Aldrin, head over to their DEX and make sure you have the Trade tab selected.

Aldrin Step 1: trade tab

Connect your wallet and select the token pair you would like to trade. For this example, we will use SOL/USDC.

Adrin example SOL

Under the Order Book section, you can see all the current buy and sell activities by other traders.

Adrin Step 3: Book section

Aldrin’s order book allows both limit orders as well as market orders.

Aldrin Step 4: Select Limit Order or Market Order

Market orders are transactions meant to execute as quickly as possible at the current market price, which may fluctuate. Limit orders allow you to set the maximum or minimum price at which you are willing to buy or sell, and the transaction will only be executed when the target price is achieved.

How to place a market order on Aldrin?

To place a market order, select the ‘Market’ tab and input the amount you would like to buy or sell.

Aldrin Step 5: Input amount

Once you have entered an amount to buy or sell, you will see the amount you will receive for the trade. Then, you can click on the Buy or Sell button to submit the trade. Upon approving the transaction, the trade will be executed.

For first time users, it is important to note that after the trade has been executed, the funds will remain in your trading account and will not return to your wallet until you have settled your balances on the exchange.

Aldrin Final Step: Settle Balance

Simply click on Settle All and you will be able to see your funds in your wallet.

How to place a limit order on Aldrin?

To place a limit order, select the ‘Limit’ tab then input the amount you would like to buy or sell and the price you want to buy or sell it at.

Aldrin Limit Order Step 1

Once you have submitted the trade, you can go into the Open Orders tab to view all your orders.

Aldrin Limit Order Step 2: View Order

If you wish to cancel the order before it executes, you can do so by clicking on the Cancel button.

Staking on Aldrin

Staking is a passive way to grow your crypto holdings by securely locking up your selected crypto holding in return for tokenized rewards. The more tokens you stake, the more rewards you can earn. Aldrin allows you to stake RIN and mSOL tokens.

Head over to the Staking tab to access this feature. Make sure your wallet is connected.

Aldrin Staking Step 1

Click on View to select the token you would like to stake.

Aldrin Staking view order

You will be able to see the estimated staking rewards, in this case it is 35.66% APR (Annual Percentage Rate). Below it, you can see the APR amount is split into two. The first APR is calculated based on fixed treasury rewards and the second APR is calculated based on the current token price and the average AMM fees.

Enter the amount of tokens you would like to offer and click on Stake. The entered amount will show up in your Total Staked. Staking rewards are generated hourly and you can see the accumulation in the Rewards section.

Staking lockup lasts for one hour from the time of deposit. You will not be able to withdraw your tokens until the lock is lifted. You may click on Unstake All to enable termination.

Staking rewards are calculated hourly. These are then accumulated and paid out on the 27th of each month along with AMM fee revenue. You can add these new funds to your wallet by clicking the Claim button.

Conclusion: Main features and advantages of Serum DEX

Serum DEX is a very exciting project on the DeFi scene with a lot of promise. It has several advantages over other DeFi-based exchanges at the moment, which include:
- Lightning fast speed
- Low cost fees
- Full decentralization
- Cross-chain support
- Fantastic user interface (UI) and user experience (UX)
It is also more scalable than almost any other DeFi platform in existence, made possible by the Solana blockchain. As more users join the Serum ecosystem, it will be interesting to see where this project can go and the innovations that will arise from it.

To learn more about Serum, check out our Serum DEX guide and review.

Sources

What is Serum? A DeFi Derivatives DEX Guide

https://docs.aldrin.com/rin-token/how-to-stake-rin
July 10, 2022
DinoSwap ($DINO) Guide: What is it?
What is DinoSwap?

DinoSwap ($DINO) is a decentralized exchange (DEX) Polygon network-based cross-chain protocol that rivals the likes of PancakeSwap and other automated market makers. Launched on 17 July 2021, the DEX allows users to use the DINO token to earn various tokens of projects operating on top of Polygon.

Some of the top investors of DinoSwap include DeFinance, Hashed, Spartan Group, DFG, and co-founder of Polygon Sandeep Nailwal.

DinoSwap’s goal is to allow users from any blockchains to benefit from increased liquidity by tapping into tethered liquidity from multiple other blockchains, thereby becoming a centralised hub for cross-chain liquidity. This can be done by building liquidity for layer one blockchains, AMMs (Automated Market Makers), and partnering projects.

The first blockchain that DinoSwap has started with is Polygon due to its high liquid environment and extremely low transaction cost. By leveraging the strength of Polygon, DinoSwap is then able to help crypto projects boost their token liquidity.

How does DinoSwap work?

Currently, DinoSwap offers three products:

DinoSwap Exchange

The main focus of DinoSwap, it is a DEX that does not have its own Automated Market Maker (AMM) and instead interfaces directly with third-party liquidity pools of the top DEXs on Polygon. On DinoSwap, users can exchange ERC20 tokens, and one of the features that make DinoSwap unique is that it does not charge any additional fees on exchanges.

Yield Farming (aka DinoSwap Fossil Farms)

Following the dinosaur theme, DinoSwap’s Fossil Farms are where users can earn DINO by staking their LP tokens from SushiSwap, QuickSwap and Dfyn.

Staking

Jurassic Pools

This is a non-burn pool where users can stake their DINO and earn more tokens from partnering projects. In addition, users can still withdraw or deposit DINO without any additional fees, time-locks, or burns. (www.stellardental.my)

Extinction Pools

Extinction Pools are burn pools where deposited DINO is burned when all rewards are distributed. Users can stake their DINO tokens in order to earn more tokens from other partners over a period of time.These allow projects to issue tokens to a global community of Degen Dinos which increases wallet holder count, boosts awareness of the project, and bootstraps initial market liquidity. Participating projects are announced through the official DinoSwap social media platforms and receive cross promotional benefits, and these projects will also populate on the default list of DinoSwap tokens without having to search for the contract address.

Tar Pits

Users can stake DINO in the Tar Pit to earn more DINO tokens. Entering these pools requires an adjustable time lock on staked DINO, but longer lock-ups mean increased rewards.

DINO token utility

DINO token is the native token of DinoSwap in ERC – 20 standard and is used to get other tokens from projects partnering with DinoSwap. DINO token has no hard cap but has a burning mechanism to deter inflation and ensure the healthy development of the ecosystem.

The DINO token at this time has two different uses: DINO is currently used to farm yDINO, a governance token which will be part of a complete ecosystem, by staking DINO and BNB on Tenet. DINO provides passive income to its users and holders through the 1% redistribution applied from every transaction Note: It will be used in the near future as the central currency used in this ecosystem currently in development, where artists and collectors can buy and sell digital art goods using DINO Token.

DINO Token Distribution

65 million DINO tokens were distributed at launch as follows:
- 65% – Farming Rewards (Fair launch).
- 5.6% – Treasury.
- 14.4% – Team (vested over 12 months, linearly, on a per-block basis).
- 15% – Investors and Advisors (vested over 12 months, linearly, on a per-block basis)
After the first 65 million DINO have hatched, new tokens will be created on-demand. For every 10 DINO created, one extra DINO will be allotted to the DinoSwap Treasury to support further protocol growth initiatives.

Trading on DinoSwap

Trading on DinoSwap is simple:
1. Navigate to the DinoSwap exchange here
Dinoswap exchange
1. Unlock your Polygon Wallet, click connect, and choose the wallet provider of your choice
Dinoswap Polygon wallet
1. Select the tokens you wish to swap and enter the amount (make sure you have MATIC in your wallet to push the transaction through) .
Dinoswap and MATIC
1. Check the details, and click “Swap”.
Dinoswap finalize
1. Check the details again and click “Confirm Swap”.
Dinoswap confirmation page
1. Confirm the transaction in your wallet.
2. The swap is complete and you can click view on maticvigil to see your transaction details
Yield Farming on DinoSwap

This function allows users to stake DINO in order to earn even more rewards after a period of time. There are two parts to this process:

Providing Liquidity

Every Fossil Farm needs a specific LP Token that can be acquired by providing liquidity for the appropriate pair. The following steps will prepare you to start excavating in your favorite Fossil Farm.
1. Go to the Fossil Farms page.
Dinoswap Fossil Farms
1. Click on your favorite Fossil Farm.
2. Click on the “Get LP” link on the left side.
Dinoswap Get LP
1. Follow the instructions to get LP tokens on either SushiSwap, Quickswap or Dfyn.
Entering a Fossil Farm

Now that you have your LP Tokens ready, it is time to put them at work and start excavating.
1. Go back to the Fossil Farms page.
2. Unlock your Wallet via the “Unlock Wallet” button or the “Connect” button (top right).
Fossil Farm Unlock Wallet
1. Make sure your wallet is on the “Matic Mainnet” network.
2. Click on the Fossil Farm you want to excavate.
3. Click the “Enable” button.
Fossil Farm MATIC Mainnet
1. Your wallet will ask you to confirm the transaction.
Fossil Farm confirm transaction
1. Click the “Stake LP” button.
2. Enter your desired amount of LP Tokens and click the “Confirm” button.
3. DONE! You are now farming DINO.
Adding or removing LP Tokens

At any time, you can decide to leave the Fossil Farm or add more LP Tokens to it.
1. Return to the Fossil Farms page.
2. Click the “Staked only” toggle to see the pairs you have LP Tokens in.
3. Choose a Fossil Farm you have LP Token in and click on it.
4. Click on the “+” or the “-“ button to add or remove LP Tokens.
5. Enter the amount you would like to add or remove.
6. Verify your information and click the “Confirm” button.
7. After a short wait you should see your new balance in the details section of the LP Token pair. If you have unstaked your LP Tokens, any unclaimed rewards will automatically have been collected.
Conclusion

DinoSwap ran a highly successful fundraising campaign before its launch and is even backed by the co-founder of Polygon himself, indicating a large amount of confidence in the project. The DEX has also successfully completed three Certik smart contract audits and has received a “low risk” rating from the Rug Doctor. DinoSwap is already the 7th most popular dApp on Polygon in less than 2 weeks from its official launch.

With DinoSwap’s mission of increased liquidity for cryptocurrency exchange, this DEX is one to keep an eye on and has huge potential to change the crypto exchange game.
January 24, 2022
Scaleswap: Next Gen Decentralized IDO Launchpad
Scaleswap is a fully decentralized IDO (Initial DEX Offering) launchpad that aims to make fundraising and scale trading easier.

Harnessing the power of an advanced layer 2 blockchain scaling protocol, Scaleswap already boasts investments from several top tier venture capitalist firms such as Spark Digital Capital and Magnus Capital. The new platform is described as the most advanced way to invest with new and unique features, making investing in pools easier and more transparent.

What is an Initial DEX Offering (IDO)?

An Initial DEX Offering (IDO) is a type of decentralized and permissionless crowdfunding platform, which is opening up a new way of fundraising in the crypto space. If a project is launching an IDO, it means the project is launching a coin or token via a decentralized liquidity exchange or IDO platform. Traders can swap between different crypto assets and stablecoins based on market conditions. IDO platforms enable companies to launch a token and access immediate liquidity.

Fundraising is a vital part of early project development – teams need to pay their workers and afford partnerships or new technologies. In the real world, this is done through public stock offerings that invite investors to buy shares of a company. That money goes toward employees who develop the business and increase share values.

This fundraising method has carried over into crypto, with tokens taking the place of stocks. Each project offers a set amount of tokens, broken up into different avenues like team payments, public use, and more.

Scaleswap’s IDO Launchpad

Scaleswap is a community-driven IDO launchpad focused on transparency with a long-term vision to transform the current IDO approach to a more sustainable, less market-dependent system that honors loyalty. It deploys an Ethereum layer 2 scaling protocol powered by Polygon that allows users to enjoy low fees and convenience.

What makes Scaleswap different from other launchpads?
1. ScaleSCORE
One of Scaleswap’s major differentiators is that they shift from pure lotteries and valuing only the amount of tokens that are held to a multi-dimensional loyalty scoring system where users can earn guaranteed participation in pools over time. In contrast to their competitors, holding $SCA tokens is only one of six dimensions that are used to measure loyalty and participation. And not all criteria are $SCA token related. The system was designed to ensure that the most committed supporters of their mission are always rewarded (rather than simply favoring those with the biggest budgets).

ScaleSCORE will be the core element of the platform and the deciding factor for unlocking all of the wonderful benefits in the Scaleswap ecosystem — private pool participation, advanced platform features (ie. autopilot participation feature), determining voting power in their DAO, being considered in weighted airdrops from partners, and more.
1. Transparency
The team knew that most IDO launchpads are not known for its fairness and transparency. As such, Scaleswap aims to change that in a major way by setting new standards in fairness, transparency and a fully community-governed launchpad (in a DAO that is legally backed by a foundation).
1. Advanced Technology & Seamless UX
The Scaleswap platform makes use of the most advanced technical solutions, while simultaneously providing a state-of-the-art user experience that eliminates many of the common barriers to entry that DeFi users face. There will be no more getting priced out of network usage by the larger players. Scaleswap provides everyone with truly open access to an affordable, user-friendly, and fair IDO experience to support the successful launch of innovative blockchain-based projects.
1. Ethereum Layer 2 Scaling
Scaleswap is powered by Polygon’s Ethereum layer 2 solution, fully customized with unique features to deliver IDO participants with lower fees, instant execution of transactions, and a drastically improved DeFi experience. Polygon, backed by Coinbase and Binance, is the leading Layer 2 Aggregator for Ethereum and is providing Scaleswap with full technical and marketing support. The team also actively researches and follows the development progress on additional cutting-edge scaling solutions and further protocols for possible future integrations.
1. Security
The Scaleswap tech team is led by co-founder Stanislav Stolberg, who has an extensive background in information security, and places the strongest possible emphasis in that area. They use a security by design development approach and utilize several high-level external consultants who permanently review the code and the infrastructure.

Hacken, a premiere cybersecurity company and leader in the blockchain security sector, completed a code review and security analysis of Scaleswap’s Smart Contracts. Hacken assigned their smart contracts with the highest possible rating of “well-secured”, having uncovered zero critical issues. Their full findings can be viewed here.

You can also learn more about Hacken here.
1. Cross Chain Integration
The team has positioned themselves as an Ethereum Layer 2 Platform, but they will indeed integrate vital multi-chain/ bridge opportunities in the future, thus enabling users to participate across multiple blockchain ecosystems. Scaleswap has already integrated with BSC and Fantom. Potential candidates for future integration include Solana, Avalanche, Polkadot, and CasperLabs.
1. Strong Infrastructure for Deal Flow
Scaleswap has been diligent in assembling an elite backing of strategic partners to ensure a strong network (for Scaleswap as well as their launch partners), CEX listings, influencers, and most importantly, deal flow. In order to disrupt the current system and establish a more fair and sustainable approach, it was imperative to carefully select the best fitting partners who could provide the strongest networks and highest value-adds to ensure consistent deal flow of the highest quality projects.

Scaleswap’s IDO Process

Scaleswap’s IDO consists of 2 pools- a public sale pool and a private pool. The private pool is only for their loyal members who have a certain amount of scaleSCORE. To gain access in the private pool, you need to have yourself ranked within the top few hundreds of the scaleSCORE ranking. The team will investigate the blockchain to calculate and rank each of the whitelisted participants using their scaleSCORE metrics. An excel sheet for the rankings will be published a few hours before the IDO starts. The top few hundreds will have a guaranteed place in the IDO but they will need to participate in the IDO within the first 15 minutes of the sale, or the spot will be given to the next 50 rankers.

$SCA Token

$SCA is the native ERC-20 token of Scaleswap. It is a pure utility token that will enable and empower a multitude of use cases.
1. Pool Participation
$SCA token holders will obtain allocation in pools based on their ScaleSCORE. Achieving a high enough score will guarantee max allocation in all preferred pools.
1. Governance
$SCA token holders will build the governance organization within the ScaleDAO, which is planned to be built on the latest layer 2 DAO platform of MetisDAO. Voting power in the DAO will be weighted based on ScaleSCORE.
1. Platform Fees & Token Burns
Scaleswap pool fees are required to be paid in the native $SCA token and will subsequently be burned after the utility is used up. This is an organic way of burning tokens similar to consuming a voucher and stays within the framework of a real utility token. Therefore, it is easier to avoid any additional “buy-back and burn” activities.
1. Airdrops
Airdrops have always been a popular way for projects to accelerate early growth. Airdropping to $SCA token holders takes all of the guesswork out of the equation since distributions are weighted by ScaleSCORE. This ensures two things: the most loyal community members are always rewarded, and the project airdropping tokens is onboarding the most proven and strongest of supporters.

Potential for Growth

Polygon has grown massively in late 2021, with more daily active users than the Ethereum network for the first time. This would mean greater potential for $SCA as user growth would attract more protocols to launch on Matic and work with launchpads such as Scaleswap.

Scaleswap has recently entered a partnership with Nasdaq listed firm, WISeKey International Holding Ltd, to successfully launch the NFT platform, WISe.Art. The NFT platform and technology stack allows tokenization of digital and physical assets in the form of NFTs with platform governance and utility managed by WISeKey’s own TrusteCoin utility token (TEC DAO Token).

Scaleswap will also become the first market player to implement wrapped NFT technology in their new product: multi-chain wNFT pre-IDO Launchpad.

At the same time, Scaleswap is working on integrating crucial multi-chain or bridge opportunities in the future, allowing the community to engage in different blockchain ecosystems which will expand their reach beyond the Polygon ecosystem. Scaleswap is consistently working on building behind the scenes with their partnerships and technology integration, promising a lot of potential growth to come.

Conclusion

The IDO landscape is riddled with unsustainable motives, non-transparency, exploitation of community members, and pure luck-based lottery mechanisms. Being able to participate in IDO launches is strongly budget-driven, often mirrored in tier structures — with one basic principle: The more of the native token you hold/stake, the more rights you have.

Scaleswap is the first truly fair IDO launchpad, focused on transparency and a long-term vision to transform IDOs into a more sustainable, market-independent, and community-driven launch strategy where fair treatment and remuneration of loyal community members is of the highest priority.

To follow their development and news, check out Scaleswap’s official channels:

Website – https://scaleswap.io/

Twitter – https://twitter.com/scaleswapio

Telegram – https://t.me/scaleswap

Medium – https://scaleswap.medium.com/

Sources:

https://scaleswap.io/launch-ido.html

https://coinmarketcap.com/alexandria/article/what-is-an-initial-dex-offering-ido-and-why-do-we-need-them

https://egorithms.com/scaleswap-what-is-it-what-are-sca-tokens/#What_is_Scale_Trading

https://chaindebrief.com/scaleswap-next-generation-ido-launchpad-layer-2/

https://morioh.com/p/42fc05c8c6c9
January 11, 2022
Occam: Complete DeFi Suite Tailored to Cardano

Named after the principle of theory construction, Occam ($OCC), aka Occam Finance or Occam.fi, is a decentralised exchange (DEX) and the first and most significant addition to Cardano’s DeFi landscape.

Designed to deliver market-leading launchpad capabilities, DEX tools, and liquidity pools, Occam is a suite of DeFi (Decentralized Finance) solutions tailored for Cardano and managed and maintained by the Occam Association, a blockchain entity based in Switzerland. Once the Occam.fi ecosystem has matured, the project will be handed over to a carefully designed Decentralized Autonomous Organization (DAO) to manage and guide it.

Learn more about OccamFi in our interview with Mark Berger, President of the Occam Association.

Background

Occam Finance was built by a team of individuals based in Belgrade, Serbia. Launched exclusively as an ERC20 token in its early stages, OCC shifted towards a multichain ready infrastructure after the Ethereum-Cardano bridge was released.

Mark Berger, the president of the Occam Association, is a crypto market veteran who founded Scalable Solutions. His vision is to prepare the crypto industry for institutional and enterprise adoption, holding advisory functions in various startups and traditional financial services.

Several other equally notable members and advisors comprise the Occam Association’s core team, which seeks to build the Cardano community and the Occam.fi ecosystem.

Occam Products

At the time of writing, Occam offers three separate products:

OccamRazer

OccamRazer is a Initial Decentralized Offering (IDO) platform used to raise funds for startups on Cardano. It consists of a tier system that allows users to access IDOs depending on which tier investors fall into. In order to participate, users need to complete Know Your Customer (KYC) procedures and own at least 150 OCC tokens.

OccamX

A purpose-built Cardano DEX developed by Occam.fi as a whole. It is backed by IOHK’s cFund and EMURGO, and provides liquidity and empowers trading of any Cardano Native Token.

OccamDAO

An autonomous organisation that allows token holders to vote on the direction of development.

Occam Tokens

OCC tokens can access a premium liquidity pool and will also be used to pledge stake, invest in new products in the Occam ecosystem, and more. With OCC tokens, OccamRazer is able to put a portion of project allocations back into the ecosystem. In addition, token holders are able to continuously receive a small reward in high-quality tokens from the best projects, opening up a cascade of opportunities for token holders and ecosystem participants while providing momentum for continued ecosystem diversification. As a result, this ensures that Occam becomes a thriving, self-sustaining, and flourishing ecosystem.

OCC tokens can be used for many purposes, most notably:

Staking: Users are required to stake OCC tokens to participate in any IDO on the platform.

Liquidity Mining: OCC tokens are distributed to pool participants from the liquidity pool based on their liquidity volume.

Governance: OCC token holders will have access to the governance mechanism via voting on the changes of system upgrades, system parameters, DAO investments. However, this feature will be implemented later according to the roadmap.

How to get OCC tokens

You can get OCC through multiple CEXs (Centralized Exchanges) nand DEXs such as Uniswap, SushiSwap, and Gate.io. It is important to note, however, that you will need a MetaMask web3.0 wallet in order to do anything in the Occam ecosystem.

Alternatively, instead of buying on different exchanges, you can also earn OCC via Liquidity Mining the OCC-ETH pair on Uniswap. Rebate Rewards are the amount of OCC tokens distributed via IDO pools with a specific OCC supply, and after an IDO closes, its participants will receive a portion of the OCC tokens calculated pro-rata. Continuous Ecosystem Diversification (CED) distributes CED rewards as the tokens of the projects launched on the platform. As long as you stake more than 150 OCC for a while, you will earn a portion of the rewards as project tokens.

Conclusion

Occam provides an all-in-one, feature-rich ecosystem to raise and exchange capital. While catering towards traditional financial institutions, the project boasts (KYC) regulatory compliance but simultaneously claims to have all the benefits of decentralization.

With a focus on user experience, the UI is aimed towards the institutional mass market and is primarily focused on unlocking and raising capital for upcoming IDOs through its Ethereum-Cardano bridge.

January 3, 2022