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About AshSwap
- AshSwap is a stable-swap built on the Elrond blockchain, aiming to serve as an infrastructure for sustainable DeFi development.
- The ASH token has multiple use cases beyond farming rewards and voting power representation.
- AshSwap optimizes swaps between stablecoins and other stable value assets, enabling larger trades without drastic price changes.
- It enables 1:1 rate trading, a prerequisite for deploying valuable DeFi use cases on any blockchain infrastructure.
Key Figures
- 1 billion ASH tokens created at genesis
- 143,333,333 tokens in initial circulating supply at TGE
- October 25,
Introducing AshSwap: A Revolutionary Decentralized Exchange
Introducing AshSwap (ASH): A Revolutionary DeFi Platform
AshSwap pioneers the concept of a stable-swap, a cornerstone of any thriving DeFi ecosystem, built upon the robust foundation of the Elrond blockchain. Our overarching vision is to establish a bedrock infrastructure, catalyzing the sustainable evolution of DeFi on Elrond.
AshSwap not only builds upon the innovative ideas of its predecessors but also pioneers novel concepts to address the prevailing challenges in DeFi. The ASH token boasts a multitude of use cases that extend far beyond mere farming rewards and voting power representation.
AshSwap optimizes swaps between stablecoins and other stable value assets, thereby facilitating larger-size trades relative to liquidity without precipitating drastic price fluctuations.
Facilitating 1:1 asset trading is a crucial precursor to unlocking the full potential of DeFi applications on any blockchain infrastructure. AshSwap pioneers this capability on the Elrond Network, paving the way for a diverse range of assets to capitalize on this market opportunity. This extends beyond stablecoins, encompassing various iterations of bridged and liquid staking assets that necessitate an optimal exchange environment.
The Circulating Supply of ASH Tokens: A Closer Look
The inaugural Token Generation Event of AshSwap is slated to take place on October 25, 2022, marking the creation of 1 billion ASH tokens at the genesis stage. At the time of this event, the initial circulating supply will comprise 143,333,333 tokens.
The Visionaries Behind AshSwap: Meet the Founders
Neil Nguyen boasts a 5-year tenure in the technology realm, initially as a software engineer and later as a project manager. In early 2021, he made a decisive foray into the blockchain sphere, assuming the role of technical advisor for multiple DeFi projects across various blockchains, with a notable stint as Head of Economics and R&D at dafiprotocol.io.
He possesses in-depth expertise in blockchain, Web3, and DeFi, and is adept at converging technical, financial, and business acumen to drive innovative solutions.
Royce Phan’s programming journey began in secondary school, and he has since held pivotal roles in multiple companies, accumulating a diverse repertoire of skills across various tech stacks. His blockchain expertise spans both EVM-compatible and non-EVM-compatible platforms, with a profound understanding of smart contracts, virtual machines, consensus mechanisms, and network architectures.
Acquiring AshSwap Token (ASH): A Comprehensive Guide
ASH is slated to debut on the Maiar Launchpad on October 25th, 2022, followed by a listing on the Maiar Exchange, and subsequently, on multiple centralized exchanges. Further details are forthcoming.