Swapult
Swapult is a cross-chain liquidity manager for token pools and auctions powered by
decentralization, infrastructure. We facilitate the purchase and transfer of tokens between blockchains.
Because blockchain-cryptocurrency innovators are looking for a decentralized and censorship-resistant way
fundraising, Initial DeFi Offering (IDO) and Initial Liquidity have appeared
Offer (ILO). Moreover, with the advent of Automated Market Makers (AMM), token's
Liquidity is an important determinant of its market price.
Although markets are becoming more competitive and value-oriented, the innovator stage is
facing unprecedented challenges due to these fast-paced changes. Prior to listing, they now have to look for liquidity investments for their tokens. However, upon arrival, that scenario presented a new one. Opportunities for early stage investors, higher payouts and more security through mining.
Swapult Solution
Protocol swapping is swapping that envisions a decentralized way of connecting early stages
blockchain-cryptocurrency innovators and investors. Its unified interface supports project owners to launch and manage liquidity auctions that are easy for investors to find on the platform.
Swapult embarked on a long-term mission to disrupt and fully decentralize liquidity auctions. projects built with a vision to facilitate greater interoperability through cross-chain interactions, which in turn, will strengthen the adoption and value of DeFi.
Safe & Reliable
As such, there are two major barriers to mainstreaming DeFi, aside from the often-discussed issue of scalability. most of the existing projects are not user friendly and steep
learning curve. Apart from that, bug-laden and poorly written smart contracts fix
undermines DeFi's potential to be tamper-proof. To mitigate this problem, we have used React
Native to build responsive Swapult UI, along with intuitive information architecture. At this stage, the stack we are using for MVP is Solidity, javascript, react, web3, and key
integrations include Remix, Truffle, and MetaMask. In addition, we have migrated
platform with Tomochain and is now working on integration with Polkadot parachains.
Swapult Market Opportunity
Decentralized Finance (DeFi) has consistently gained popularity in the past year, and
right now, we are witnessing the much-anticipated explosion of adoption. Driven by the emergence of decentralization
exchanges such as Uniswap, as well as some of the promised dApp solutions, the market has grown with
over 1000% since 2019. At the time of writing, DeFi's total market cap is over $16
Billion.
Despite this, however, adoption still faces some obstacles. Blockchaincryptocurrency startups need to bootstrap liquidity, to ensure favorable trading prices on
DEX and other AMM based platforms. In this context, there is an increasing demand for decentralization,
an integrated cross-chain ecosystem that allows project owners to easily and securely conduct pre-listed liquidity auctions.
On, it represents a long-term business opportunity and market space for layer-3 exchange
protocols such as Swapult.
Ecosystem Exchange
Broadly speaking, there are two categories of Swapult users. One of them involves the Project Owner or Pool
Creators, while Investors or Liquidity Providers (LP) consist of others. In this section, we discuss
available pool types, user flows, pool state, and Swapult governance model.
Pool Type
There will be two types of groups on the platform— Direct Selling Groups (DSPs) and Time-Locked
Swimming Pool (TLP).
Direct Selling Pool (DSP): This is a pool without a lock-in period, where investors earn
tokens immediately after swap.
Time-Locked Pools (TLP): These pools have a predetermined lock-in period and investors
receive tokens received only after this duration is over. Smart swap
the contract will also allow pool creators to define specific lockout periods, thereby releasing
exchange assets gradually. For example, say, disburse 40% of the tokens exchanged
immediately and, after say 1 month, 60% remaining 6-equal monthly payments.
swimming pool status
Each pool on the Swapult platform will have one of the following states at any given time. Based on pool status (and, also type) smart contracts will transfer liquidity and auction Tokens to their beneficiary wallets.
Created: this pool is available exclusively to SWAPULT token holders.
Open: groups are available to all Swapult users.
Out of Stock: the predefined supply of auction tokens has been sold out, but pool
duration is not over. In the case of TLP, tokens will not be locked for the remainder
duration.
Finish: The POOL has reached the end of the specified duration. Both for DSP and TLP,
remaining tokens are returned to the PO wallet at this point. Investors, on the other hand,
get their tokens purchased (exchanged) via TLP.
Closed: pool is complete and tokens have been cashed.
Project Owner Flow
Supported Blockchain & Wallet
After onboarding, project owners must first select the blockchain protocol relevant to them
projects, as well as cryptocurrency wallets.
At the MVP stage, Swapult supports projects based on Ethereum and the MetaMask wallet.
In the future, this platform will support other blockchain ecosystems. In addition, users will be able to
to integrate wallets such as WalletConnect, Coinbase Wallet, Fortmatic, Portis, as well as other nonERC20 wallets.
Pool Making
The project owner can start a pool by clicking the 'Create Pool' button. Since Switch follow
strict non-intervention policy, the project owner or PO needs to define the following parameters:
Address token (contract), contains information about the name and ticker. In MVP
phase, Swapult supports ERC-20 tokens. In the near future, the platform will integrate the non-exchangeable ERC721 token, as well as other cross-chain standards and functions.
The total supply of tokens available for a particular auction or pool.
Assets for incoming pool payments or contributions. In the MVP phase, PO has
option to pair their token with ETH or DAI or both. In the future, more couples are exchanging
will be available as Swapult integrates other blockchain protocols.
Swapping ratio—that is, the price of the auctioned token in finding the chosen liquidity
one set. As an incentive for Swapult token holders, POs must determine the percentage
discount (say, X% of the price of ETH).
The total duration of the pool, as well as whether it is a Direct Selling Pool or a TimeLocked Pool. The creator also determines the time period (T% of the total duration) which
the pool will be opened exclusively to Swapult token holders.
Transaction
After filling in the details, POs need to click on the 'Start' button to register their pool in
Ethereum blockchain (finally, on another blockchain relevant to their project). This will also
initiate the following transactions from the selected wallet:
Supply of pre-defined auction tokens will be transferred to Hash
Timelock Contract (HTLC), where the contract will be kept for the total duration of the pool.
Gas fees for holding pools and their data in Ethereum. code
Swapult's smart contract architecture ensures approximately 85% less gas costs for projects
owners, compared to existing market standards.
cost
The project owner will pay two categories of fees, which will be used for development and maintenance
from the platform. For the share of auction tokens made available to SWAPULT holders, the fee will be
to 0.15% of the total liquidity generated. it will be 0.2% of the total liquidity pooled.
In the future, governments may vote to change costs.
CONVERSION PROTOCOL AND SWAPULT CONSUMER VALUE
STAKING: This is partly similar to Staking with what can be accomplished in traditional finance where individuals deposit into banks and other financial institutions and their money is used by the bank to maintain cash flow without proper reward. Staking in the Swapult protocol differs in the sense that while users store their crypto assets in ERC20 wallets, their deposits are used to lend to borrowers, and maintain the operation of a Proof-of-stake (POS) based blockchain system. In return, the stakeholders are rewarded with an annual passive income from their $SWAPULT tokens.
Secure Wallet:
To store tokens, you need an ERC-20 wallet which is highly compatible with loans and savings.
Governance:
Because it runs as a DEFI platform, it has no government powers. Making it independent of government policy, its operations are decided by an independent board, with a vote on ideas by members.
Security:
Protocol Swapult uses the incomplete Turing protocol, which reduces attacks and protects the system.
Development:
Swapult Protocol is currently working on a DEFI application, and is also creating a crypto exchange platform that will allow the use of $SWAPULT tokens, to buy and trade online.
Liquidity Provider or Investor Flow
Pool Options
Swapult has a market like UI, where liquidity or LP will track everything
pools hosted on the platform — past, ongoing, and future. At this stage, they will have
early access to the following information about the pool:
Opening Time: when the pool is available. If the LP is not a qualified SWAPULT
owner, the message on the screen will determine the time when the pool is available for
not a SWAPULT holder.
Closing Time: the end time for the duration of the pool.
Time Time: remaining time available.
Token Name: the name of the auction token, as determined by the PO.
Payment Method: ETH/DAI or both, as determined by the PO.
Swapping Ratio: conversion rate determined by PO.
Status : the current state of the pool.
Supported Blockchain & Wallets: Although vinyl records can trace the above information, for
participate in the pool they have chosen their preferred blockchain ecosystem and connect a
relevant wallet. In this case, they will have the same choices as the project owner.
Join the Selected Auction
Once this is done, LPs can click the 'Join' button for their chosen pool. In the Settings Interface,
they need to enter the number of auction tokens they want to buy or how much
ETH/DAI they want to invest.
Whatever the LP input, the Swapult algorithm will automatically calculate the appropriate one
values based on group data. They will also receive a disclaimer informing them of the risks involved
with an investment, which he can accept or reject.
Recommendation: As a general security protocol, investors should carry out basic authenticity checks
before choosing a pool. This includes reviewing smart contracts, owner portfolios, and
other similar documentation to avoid fraudulent tokens and scams.
If they accept, the swap will be initiated, transacting the selected amount of ETH/DAI from
wallet connected, plus fees that go to the Swapult wallet. Depending on the type of pool,
auction tokens will be transferred immediately to the same wallet or after the duration of the pool.
burnt. As for investors and liquidity providers,
Ownership of SWAPULT tokens qualifies for a variety of use cases.
Use Case
The SWAPULT token has several use cases in the Swapult ecosystem:
Additional Benefits: Investors holding SWAPULT tokens get additional benefits and
better swap ratio for pools running on the platform, as described in the previous section.
Governance: Swapult Platform will implement regular Proof of Stake (PoS)
convention convention, allows SWAPULT holders to gain voting rights by staking
token is the designated wallet. In general, the mechanism will involve staking a limited period,
to be defined in detail at launch of platform governance.
Staking: SWAPULT token holders will be able to generate annual income from
their SWAPULT tokens, by staking them in certain ERC20 wallets. As an incentive,
SWAPULT holders will get staking rewards (discussed below allocation).
Token Burning: Swapult adopts a Limited Top-Rated Burn policy and will use 16.667% of
his daily earnings to the SWAPULT buy market for token burning, with 20% cap
of the total supply of SWAPULT.
Reserves: These reserve tokens are used for future initiatives and to support
community, marketing, exchange fees, and long-term liquidity.
Token Sales Metrics
Total Supply: 5,000,000 SWAPULT
Pre Seed: 100,000 SWAPULT for $0.35. Lock 3 months, then 8.33% every month
Round Strategy: 400,000 SWAPULT, at 0.455 USD. 10% at TGE, then 9% every month
more than 10 months.
Personal Sale 1: 700,000 SWAPULT, at $0.47775, 20% at TGE 20%, then 20%, monthly.
Personal Sales 2: 900,000 SWAPULT for $0.50050, 25% at TGE, then 25% every month.
Auction Pool: 100,000 SWAPULT for $0.7, no lock-in.
Selling Price: TBD.
Token Sales Metrics:
- Total Supply: 5,000,000 SWAPULT
- Pre Seed: 100,000 SWAPULT for $0.35. Key 3 months, then 8.33% monthly
- Round Strategy: 400,000 SWAPULT, at 0.455 USD. 10% at TGE, then 9% every month for 10 months.
- Personal Sale 1: 700,000 SWAPULT, for $0.47775, 20% at TGE 20%, then 20%, monthly.
- Private Sale 2: 900,000 SWAPULT for $0.50050, 25% at TGE, then 25% every month.
- Auction Pool: 100,000 SWAPULT for $0.7, unlocked.
- Price List: TBD
Token Swault ($SWAPULT)
SWAPULT is a native ERC-20 token and will be used for incentives, governance, project development and token burning. Regarding ludіt investors and providers, ownership of SWAPULT tokens makes them eligible for various places of use.
Swault is a cross-chain liquidity manager for ооl and auсtоn tokens backed by a decentralized infrastructure. We facilitate the purchase and transfer of tokens between blockchains. All blockchain-cryptocurrency innovations are looking for a decentralized, sensitive-resistant and pre-offered (Emergеnсе OFF) fundraising way. Moreover, given the rise of the Automated Market Maker (AMM), the liquidity of the token has become an important determinant of its market price.
While markets are becoming more competitive and value-oriented, early-stage innovators face unexpected challenges due to these fast-paced changes. Before signing up, they must now find a good investment for their token. However, in turn, scenarios present new opportunities for early stage investments, accelerating higher returns, and being safer through sneaky mining.
roadmap
Kick-off Q4 2021
- Development opening
- Seed sale completed
- Testnet is online
- Code published on Github
Q4 2021 – Q1 2022 MVP
- private sale
- Register without permission
- The first swimming pool in Swapult
Q1 2022 Acceleration
- Cross -chain exchange
- Governance & Betting
- stablecoin support
- Auction Offer
Q2-Q4 2022 DAO
- Swapult Platform v2.0 Fully functional DAO launch
- Website: https://swapult.com/
- Whitepaper : https://swapult.com/whitepaper.pdf
- Twitter : https://twitter.com/swapult
- Telegram : https://t.me/swapult
- Dispute: https://discord.com/invite/aG2XA2htyg
Username: Bambangfamungkas Link: https://bitcointalk.org/index.php?action=profile;u=3122436
https://bitcointalk.org/index.php?topic=5378960.msg59046723#msg59046723
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