YuzuSwap is a decentralized exchange on the Oasis Emerald paratime that includes incentives like liquidity & and trade mining. YuzuSwap follows a non-custodial, peer-to-peer, automated-market-maker model, and aims to provide a safe, swift, low-cost tool to discover and swap tokens within the Oasis ecosystem. The YuzuSwap platform itself is fully open to developers and members of the Yuzu DAO.
There was no pre-mine. All tokens are mined block by block from the genesis . This includes team/foundation/investors tokens! Additionally, the amount of tokens mined in each block will halve every year.
YuzuSwap's trade mining mechanism is designed based on a TPST (trading pool share token). Once users trade in incentivized trading pairs, they will get a balance in TPST, similar to LPT (liquidity provider token) as their evidence of trading. They will receive the trade mining token in each block according to the share of TPST. If the user does not claim the trade mining rewards, TPST balance will always be there and mine in each block until user chooses to claim the trade mining rewards, after which the TPST balance will reset to zero.
Of the 0.3% transaction fee, 80% will go to the buyback smart contract. This contract will trigger buying YUZU token action if the price of it drops below the 72 hour average. So the more transaction fee accumulated, the healthier YUZU token price will be.
The other 20% of the transaction fees will go to the DAO vault. The usage of the DAO vault will be voted by YUZU token holders. Possible uses include to incentivize developers to develop tools for YuzuSwap, co-invest in other projects on Oasis, and purchase insurance for YuzuSwap, and so forth.
YuzuSwap is able to be integrated into any projects on Oasis. For instance: users could collateralize their LPT (liquidity provider token) on the upcoming lending protocol on Oasis and regain their liquidity. Alternatively, they can also borrow LPT from the lending protocol to mine YUZU token without the concern of potential impermanent loss. The DAO vault may opt to purchasing insurance for pools on YuzuSwap, so even if unexpected incidents happen, those pools will be covered by insurance. Promising new projects on Oasis could apply for IDO/IFO on YuzuSwap, and it will be a great way to raise fund for projects from the community. Users with YUZU tokens will vote for which project may go live on the IDO/IFO launchpad, whether or not to allocate mining pool to the new token, and what percentage of the mining pool will be allocate to the new token, etc
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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