CHOCOSWAP

Chocoswap will be the first decentralized exchange based on Ontology, with the high-performance
underlying technology of the Ontology, Chocoswap will provide its users
with trustless cross-chain trading, all at the best speed and price.
This decentralized will also provide derivatives trading to its users. Choco swap support perpetual and options swap which make this DEX outstanding among others existing Decentralized Exchanges.
CHOCOSWAP TOKEN (CHOKO)
Chocoswap is expected to have the following features:
10% each for; locked liquidity Marketing, Development( For Marketing and Development allocation and will be released every month), Team ( tokens cannot be Withdrawn for 1 year initially and then 10% is unlocked every quarter)
3%: Partnership Allocation;
7%: Uniswap Locked Liquidity;
20%: ChocoSwap Ecosystem incentive fund ( for transactions mining, decentralized referral distribution etc.),
30% presale allocation.
CHOKOSWAP DAO TOKEN (VNLA)
VNLA is the governance token in the chokoswap ecosystem. VNLA has no pre -mining ,no founder shares , and no VC interests ,it has a completely equal opportunities for staking distribution to attract a broad and like minded community to steward the future of the protocol and token. There will be six mining pool at inception , of which different amounts of VNLA will be allocated to the pools, halved every 7 days.
DAO GOVERNANCE
With the development of the chokoswap ecosytem, VNLA will be the hub of the community. If more projects want to list in the mining pools, theg need to purchase 10% of the designated number of VNLA to apply for a community vote.
For example, project A wants to list on Chocoswap with 1,000 VNLA to mine. Therefore, they need to buy 100 VNLA tokens to create a vote. This fee is non -refundable , which means if the votes fails, project A will not receive the q00 VNLA back; should the community approves the project A ,they need to buy the remaining 90% of the pool amount i.e project A need to buy another 900 VNLA tokens. On approval Project A will Need to buy another 10% of the pool fee to the community to create a vote to increase the token supply but with the maximum buying amount. This way ,VNLA will be used to create a positive cycle that serves useful projects on Ontology, while protexting the rights of VNLA token holders.
ECOSYSTEM INCENTIVES
Chocoswap will be the first decentralized exchange with a complete referral program, liquidity providers will be rewarded based on first come first served, besides transaction mining rewards will be shared duly and Choco holders tend to get discounts on their transactions fee.