What is MoraSwap? MoraSwap is the first native AMM on the Neon ecosystem – the first EVM on the Solana ecosystem. To easily imagine Neon Labs is similar to Aurora on Near Protocol.
So what’s outstanding and interesting about MoraSwap? Let’s find out through this article!
What is MoraSwap?
Up to now, Solana is considered the most successful non-EVM Blockchain ever and the need for Solana to have an EVM (acting as a Layer 2 similar to Aurora with Near Protocol) is truly necessary. to expand the ecosystem. And what would happen if Lido Finance, Maker DAO, AAVE, Compound, Curve Finance, Uniswap, SushiSwap,… were all present on Solana?
Neon Labs – EVM on Solana, was first introduced at the end of 2021 but for unknown reasons, it was not until nearly a year later that the project was officially announced on mainnet. And for any new ecosystem, the AMM or Lending & Borrowing pieces will appear the earliest. With Neon Labs, we have MoraSwap.
MoraSwap is a basic AMM similar to Uniswap V2. It allows users to trade crypto assets, provide liquidity to earn incentives, and several other functions.
Built on Neon Labs and Solana, MoraSwap inherits extremely fast transaction speeds and transaction fees are almost zero.
Some Key Features of MoraSwap
- Provide liquidity: Users can provide liquidity to receive pool transaction fees.
- Farming: When users provide liquidity, they will receive LP Tokens. This LP Token can be staked to receive a reward of the platform’s inflation token, $MORA.
- MORA holders can stake MORA to receive xMORA. With xMORA, token holders will also receive revenue sharing from the project.
- MoraSwap is also expected to become a platform Launchpad in the future on the Neon Labs ecosystem similar to what Raydium did on Solana.
Development Roadmap
Currently, according to the latest information from the project, as long as Neon Labs launches the mainnet, the project will also launch at the same time.
Core Team
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Investor
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Tokenomics
Information about MoraSwap’s token
- Token name: MoraSwap
- Code: MORA
- Blockchain: Neon Labs
- Token classification: Update…
- Contract: Update…
- Total supply: 1,000,000,000
Token Allocation
- Community: 3%
- Angel Investor & Future Investor: 11%
- Team: 12%
- Tresury: 17%
- Farming: 57%
Token Release
The time to release all MoraSwap tokens is 39 months. Some notable points on the project’s tokenomics are as follows:
- Team’s token amount will be locked for 2 months. After that, gradually open 10% each month and will pay off after 12 months from the time the MORA token is officially released.
- Angel Investors accounting for 11% of total supply will be locked within 3 months. After that, gradually open 10% each month and will pay off after 13 months from the time the MORA token is officially released.
- The project’s Treasury will be opened at 30% immediately at the time of TGE, then gradually opened at 10% each month and will be fully opened after 7 months from the time of release.
- Community has a high possibility that 3% Airdrop to the community will be opened 100% immediately at the time of TGE.
- Ultimately, the majority of MORA that will be emitted through the Liquidity Mining program will be paid off in 39 months.
Token Use Case
Initially, MORA will be similar to other tokens, Governance Token, and then additional use cases will be added as the project develops.
Exchanges
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MoraSwap’s Information Channel
- Website: https://moraswap.com/
- Twitter: https://twitter.com/moraswap_amm
- Telegram:
Summary
Neon Labs is a project that has high expectations from the community and is also considered a new breakthrough for Solana’s ecosystem. However, when the Crypto market is in winter, there are still many risks for ecosystems that decide to mainnet at this time if their strength is not really too strong.
MoraSwap is the first AMM on Neon Labs, but it does not mean that MoraSwap is the largest AMM in Neon Labs’ future.