What is PoseiSwap? PoseiSwap is a decentralized exchange (Dex) protocol powered by smart contracts and running on a Layer 3 blockchain, the Nautilus chain. The governance of this protocol is maintained by the POSE token.
So what is PoseiSwap? How does it work? Let’s find out in this article!
What is PoseiSwap?
Overview of PoseiSwap
PoseiSwap is a decentralized exchange (Dex) protocol powered by smart contracts and running on a Layer 3 blockchain, the Nautilus chain. The governance of this protocol is maintained by the POSE token.
PoseiSwap was born with the aim of solving the problems of high costs, lack of privacy and non-compliance that have plagued other decentralized cryptocurrency exchanges by supporting fast transactions, privacy on Web3 space.
The PoseiSwap difference
- Fast and Affordable: PoseiSwap runs on a Layer 3 blockchain, the Nautilus chain, deploying a total number of modules starting at over 2,000 TPS, many times more than other EVM chains. That number is expected to skyrocket as Nautilus and PoseiSwap developers take advantage of Nautilus’ modular nature to create an application-specific compilation.
- Private: PoseiSwap aims to address privacy concerns, allowing users to trade using Nautilus Chain’s upcoming zk-tech technology. Traders will be able to swap and make profits without revealing the next action. This is a significant advantage for anyone who wants more privacy and protection in their transactions.
- Compliant: PoseiSwap aims to comply with regulations by having an internal pool for OFAC compliant assets and modules. PoseiSwap will provide all users with a safe place to trade with confidence and without fear of upcoming regulations. This will be essential as licensing and regulations begin to take effect in the DeFi space.
Mechanism of action
Products on PoseiSwap:
- Swap: Users can now exchange tokens in a cheaper, more efficient, more private way. The future will see users trading real-world assets and tokenized NFTs on the platform.
- Liquidity: These pools provide funds to carry out token currency exchanges. Passive income earners can participate by providing liquidity by choosing a pair of tokens of equal value and storing them in a smart contract called a liquidity pool. This way, they will receive 0.17% of all transactions in their group.
Development Roadmap
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Core Team
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Investors
March 30, 2023: Strategic round successfully raised $1.5M led by Zebec Protocol and Eclipse and Notifi funds.
Tokenomics
Overview information of PoseiSwap Token
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Token Allocation and Token Release
- Investors-3%: 2.5% of this 3% will be distributed over a period of 7 to 30 months, while the final 0.5% will be distributed at TGE.
- Public Sale-5%: There will be three levels for the public sale of POSE tokens: 0.50% will be unlocked at TGE, 2.50% linear allocation from 7 to 18 months, 2% allocation Linear from 13 to 36 months.
- Validator Airdrop-7%: Zebec Protocol is one of the largest partners and contributors to PoseiSwap. For this reason the project allocates 7% of PoseiSwap’s POSE token supply to Zebec Node NFT holders.
- Team-20%: This portion of POSE tokens will be allocated to the team with a linear payout period from 7 to 30 months.
- Ecosystem-20%: This portion will be used to promote PoseiSwap’s decentralized exchange platform.
- Liquidity Mining-45%: This POSE token will be reserved for liquidity mining incentives as rewards to encourage more people to bring liquidity to the market.
Token Use Case
POSE token holders can be used to vote on DAO proposals in the Poseiswap ecosystem.
Exchanges
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PoseiSwap’s Information Channel
- Website: https://www.poseiswap.xyz/?chain=triton
- Twitter: https://twitter.com/poseswap
- Medium:
Summary
So I have clarified what PoseiSwap is? PoseiSwap cryptocurrency overview. Hope this article provides you with a lot of useful knowledge!