Pork Swap

Pork Swap

Created using Figma
PorkSwap is an on-chain system of smart contracts on the Binance Smart Chain, implementing an automated liquidity protocol based on a “constant product formula”. Each PorkSwap pair stores pooled reserves of two assets, and provides liquidity for those two assets, maintaining the invariant that the product of the reserves cannot decrease. Traders pay a 20-basis-point fee on trades, from which 15-basis-point fees goes to liquidity providers and 5-basis-point fee is used to buy back and burn PSWAP tokens. The contracts are non-upgradeable.
  • Market
    Pair
    Price
    Volume 24H
    24H (price)
    24H (volume)
  • Bilaxy
    0X42539F50C5F8A0C929E7895EB265391F58B22A19/ETH 2 one year ago
    $ 0.2934
    $ 1.04 M
    23.24%
    30.58%
  • Bilaxy
    0X42539F50C5F8A0C929E7895EB265391F58B22A19/BNB 2 one year ago
    $ 4.72
    $ 1.454 M
    -
    -
  • PancakeSwap (v2)
    0X42539F50C5F8A0C929E7895EB265391F58B22A19/WBNB 2 one year ago
    $ 4.21
    $ 319.21
    -
    -
Pre Sale
Jan 1, 2021
Mar 6, 2022
100% completed
Raised funds - no Data
past
Token Details
Total supply
1,000,000
Token Distribution
500,000 tokens will be locked for community rewards for providing spot and leveraged liquidity which will be unlocked every blocks ( Unlocked amount will be decided by community)
200,000 tokens will be distributed over public sale
100,000 tokens will be used as liquidity to DEX listings
100,000 tokens will be reserved for bug bounty, white hat hacking, airdrops, and marketing campaigns.
100,000 tokens will be for the PorkSwap team that will be locked for 18 months.
Additional Details
Platform
BSC
Categories
Platform

About Pork Swap

PorkSwap is an on-chain system of smart contracts on the Binance Smart Chain, implementing an automated liquidity protocol based on a “constant product formula”. Each PorkSwap pair stores pooled reserves of two assets, and provides liquidity for those two assets, maintaining the invariant that the product of the reserves cannot decrease. Traders pay a 20-basis-point fee on trades, from which 15-basis-point fees goes to liquidity providers and 5-basis-point fee is used to buy back and burn PSWAP tokens. The contracts are non-upgradeable.

The PorkSwap protocol enables the creation of arbitrary BEP-20/BEP-20 pairs, rather than supporting only pairs between BEP-20 and BNB. It also provides a hardened price oracle that accumulates the relative price of the two assets at the beginning of each block. This allows other contracts on Binance Smart Chain to estimate the time-weighted average price for the two assets over arbitrary intervals. Finally, it enables “flash swaps” where users can receive assets freely and use them elsewhere on the chain, only paying for (or returning) those assets at the end of the transaction.

While the contract is not generally upgradeable, there is a private key that has the ability to update a variable on the factory contract to change trading fee on trades. This fee will initially be 20-basis-points, but could be changed in the future, in-case of changes due to governance.

Features

Governance

Vote to modify underlying protocol, change in pricing oracle, futures funding rate, platform fees, list/de-list tokens, new features

Incentives

Liquidity providers will be incentivized in $PSWAP for their participation in spot and leverage liquidity pools, and LP tokens can be staked for ARR of around 125%.

Deflation

With a fixed supply of 1 million tokens, and only 200,000 in circulation, $PSWAP token will increase in value overtime since it'll be scarce and the team will buy back and burn tokens from platform revenue generated through spot and futures trading.

Pork Swap Last News

  • Due to potential time differences in information updates, please verify the accuracy of each ICO project through its official website or other official communication channels.
  • This information is not intended as a recommendation or suggestion for ICO investment. Please conduct thorough research on the relevant information and make your own informed decision regarding ICO participation.
  • If you identify any issues or errors in this content, or if you wish to submit your own ICO project for listing, please contact us via email at info@icoholder.com.
Please read the disclaimer and risk warning. Show disclaimer and risk warning.