Muesliswap is the first decentralized exchange built on the Cardano ecosystem since the Alonzo hard fork. So what is Muesliswap? Let’s find out through the article below.
To better understand the Muesliswap article, people can refer to some of the projects below to get an overview of Muesliswap.
- What is Minswap (MIN)? Minswap Cryptocurrency Overview
- What is Pancakeswap (CAKE)? Pancakeswap Cryptocurrency Overview
What is Muesliswap?
Overview of Muesliswap
Muesliswap is the leading decentralized exchange on Cardano that has a similar orderbook mechanism to Minswap but it takes full advantage of the Cardano eUTxO model at its best resulting in low transaction costs, low slippage, and fast order execution. Muesliswap’s order book model is used by traditional stock exchanges on the blockchain.
Muesliswap is built on Milkomeda – an extension sidechain for Muesliswap. The Milkomeda C1 protocol helps equip Cardano to be EVM compatible. The project uses the Haskell language to implement smart contracts and ensure that transactions are executed efficiently.
The Muesliswap difference
- Democratized trading: Does not rely on trusted individuals with special privileges. To avoid arbitrage traders and adjust prices to their liking.
- Non-custodial model: Funds are held directly on-chain, in the trader’s private wallet or smart contract. Therefore no intermediary exists.
- Order transparency: All transactions are public on the blockchain. Everyone has equal access to market data for transparency in the trading process
The components that make up Muesliswap
- Trader: Traders who make swaps on the platform. Completed transactions will be locked in a smart contract in the form of eUTxO.
- Matchmaker: These are people who receive a small fee when trading orders are completed.
Mechanism of action
- Step 1: Users can swap/trade between token pairs on the platform instead of having to go through intermediary exchanges.
- Step 2: After swapping, you can use your tokens to participate in activities such as farming, pool, and staking.
- Step 3: It is also possible to participate in early access to MuesliPad.
Development roadmap
Updating…
Core Team
Updating…
Investor
Presale round ended on November 30, 2021, with 5,000,000 MILK for the Cardano community.
Tokenomics
Overview information about Muesliswap token
- Token Name: Muesliswap.
- Ticker: $MILK.
- Blockchain: Cardano.
- Token Standard: Updating…
- Contract: 8a1cfae21368b8bebbed9800fec304e95cce39a2a57dc35e2e3ebaa4d494c4b
- Token Type: Governance,Utility.
- Total Supply: 10,000,000 MILK.
- Circulating Supply: Updating…
Token Allocations
- Launch sale to Investors: 25%
- Team: 15%
- Resected for burning tokens: 10%
- Presale to Cardano community: 50%
Token Release
Updating…
Token Usecase
- Trading: access exclusive exchange features and lower trading fees
- Voting: Vote on community governance proposals
- Staking: Join the MILK pool and collect new Cardano tokens
- Early Access: Get early access to MuesliPad (launchpad from MuesliSwap)
Exchanges
Investors can only buy on Coinex, the only centralized exchange that lists the $MILK token, or can swap directly on the Muesliswap platform.
Project information channel
- Twitter: https://twitter.com/MuesliSwapTeam
- Telegram: https://t.me/muesliswapADA
- Discord: https://discord.com/invite/vHzSXRWBJR
- Website:
Summary
Overall, MuesliSwap aims to enrich the Cardano Defi ecosystem with a series of new trading features. Above is all the latest information about MuesliSwap that Hak has updated. Please leave a comment below.
