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About Swaperry
Key Points
- Swaperry is a decentralized exchange (DEX) built on Polkadot ecosystem.
- PERRY is the native utility token used for unlocking advanced trading functionalities, sharing revenues, and participating in governance voting.
- Swaperry’s products include a user-friendly AMM-based exchange, cross-chain support, and a suite of tools for traders.
- Swaperry aims to solve the limitations of current DEXes, including slow transactions, lack of cross-chain trading, confusing user interface, and limited features.
- 10 million PERRY tokens were created at genesis, with a total of 200 million tokens to be minted over 5 years.
- The allocation of tokens includes seed
About Swaperry: Empowering Seamless Cryptocurrency Exchanges
Introducing Swaperry (PERRY): A Revolutionary Digital Asset
Swaperry is a cutting-edge decentralized exchange (DEX) engineered to deliver exceptional performance, transparency, and a rich feature set tailored to the needs of asset traders. Built atop the Polkadot ecosystem, it leverages the network’s scalability, speed, and cost-effectiveness to facilitate noticeably faster transactions and significantly lower fees.
PERRY is the native utility token, serving as the cornerstone of our ecosystem, and is utilized for:
- Unleashing sophisticated trading capabilities for esteemed superusers.
- Reaping revenue shares from transaction processing fees.
- Exercising governance authority through voting participation.
Swaperry’s portfolio presently encompasses:
- A cutting-edge, AMM-driven exchange platform that brings advanced features, hitherto exclusive to centralized exchanges, such as limit orders, options, and derivatives, within easy reach.
- Seamless cross-chain interoperability within the Polkadot ecosystem, with plans for future expansion to external, prominent blockchains (e.g., Bitcoin, Ethereum).
- A comprehensive toolkit designed to empower traders with data-driven insights, aggregated prices, and informed decision-making capabilities.
What Challenges Does Swaperry Address?
Presently, the market is home to two primary types of exchanges. Centralized exchanges (CEX) represent traditional platforms, relying on off-chain systems and typically facilitating asset trading through order books. In contrast, decentralized exchanges (DEX) have emerged as a novel paradigm, gaining significant traction in recent times. Characterized by a decentralized architecture, DEXes enable users to engage in secure, anonymous, and non-custodial trading. Notably, the majority of prominent DEXes adopt an automatic market maker (AMM) approach to facilitate trading, diverging from the traditional order book model.
While decentralized exchanges (DEXes) have experienced a significant surge in popularity over the past few years, centralized exchanges (CEXes) still dominate the trading volume landscape. This disparity can be attributed to several drawbacks inherent to DEXes: firstly, transactions are often plagued by delays and sluggishness; secondly, most DEXes fail to offer cross-chain trading capabilities; thirdly, their user interfaces tend to be more perplexing; and lastly, advanced features such as options, limits, and margins are conspicuously absent.
Swaperry aspires to revolutionize the decentralized exchange (DEX) landscape by overcoming the four prevailing limitations. Leveraging Polkadot’s ultra-fast and cost-efficient parachain ecosystem, Swaperry harnesses the power of intelligent algorithms and cutting-edge optimization techniques, thereby delivering a trading experience akin to that of centralized exchanges (CEXes). With an ambitious yet attainable vision, Swaperry is poised to demonstrate that the future of trading belongs to DEXes, rendering CEXes a relic of the past.
The Circulating Supply of PERRY Tokens: A Closer Look
Swaperry is poised to launch on mainnet in July, accompanied by the genesis of 10 million PERRY tokens. Over the subsequent five years, additional tokens will be minted in a linear progression, ultimately culminating in a total of 200 million tokens, thereby providing sustained support for the product, its ongoing development, and future expansion initiatives.
The allocation of all tokens is as follows:
- Six percent allocation for Seed Sale
- Sixteen and a half percent allocation for Private Sale
- Two and a half percent allocation for Public Sale
- Nine percent allocation for Marketing and Listing initiatives
- Twenty percent allocation for Team Founders and Advisors
- Six percent allocation for Ecosystem development
- Twenty percent allocation for Liquidity Mining initiatives
- Twenty percent allocation for the Foundation
The Visionaries Behind Swaperry: Meet the Founders
Swaperry was conceived with fervor by Phil Dang (CEO) and Tuan Nguyen (CTO), two visionaries with a rich engineering heritage.
Phil Dang, a seasoned software engineer hailing from Silicon Valley, boasted an impressive résumé, having worked at Facebook and subsequently Google for many years. It was during a business trip in 2015 that he crossed paths with Tuan Nguyen, a veteran engineer at U.S. Motorola, and the two kindled a lasting friendship. United by their fervor for blockchain technology, they went on to establish the Swaperry team in September 2019.
The project has since evolved into Swaperry, boasting a team of nearly 20 engineers and a distinguished advisory board comprising esteemed founders from Rikkeisoft, PolkaFoundry, Kyber Networks, and Tomochain.
Acquiring PERRY Tokens: A Comprehensive Guide
Swaperry is presently in its pre-launch phase, with its tokens not yet listed on the market. The platform is slated to debut via an Initial DEX Offering (IDO) in June, followed by an Initial Exchange Offering (IEO) on prominent exchanges in July.
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