Article Summary, Automatically Generated By AI
Summary of Stackswap
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Token:
STSW, utility token for Stackswap products and networks -
Features:
- Permissionless DEX on Bitcoin via Stacks
- Launch tokenized Web 3.0 projects
- Group Farming for project rewards
- Cross-chain swaps (USDC, Bitcoin, Ethereum)
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Founding team:
Led cutting-edge AI research, aiming to integrate AI in DAO system -
Token creation:
Permissionless, code-free creation of SIP-010 tokens - <b
About Stackswap: Empowering the Future of Decentralized Finance
Stackswap (STSW) serves as the utility token that underpins the entire ecosystem of Stackswap products and networks. Leveraging the power of Bitcoin via Stacks, Stackswap stands out as the only permissionless decentralized exchange (DEX) that empowers users to launch their tokenized Web 3.0 projects directly on the Bitcoin network. The platform offers a range of innovative features, including Group Farming, which enables projects to incentivize their users, and seamless cross-chain swaps, allowing for direct exchanges between USDC, Bitcoin, Ethereum, and tokens listed on Stackswap. With a founding team boasting a strong background in cutting-edge artificial intelligence research, Stackswap is poised to harness the potential of AI to further enhance its decentralized autonomous organization (DAO) system, ultimately driving success and activity for all stakeholders involved in the platform.
Stackswap facilitates the seamless, permissionless, and code-free creation of SIP-010 tokens, the native cryptocurrency of the Stacks ecosystem. These tokens unlock access to a diverse range of products, including the Stackswap Launchpad, as well as the AI-driven Stackswap market prediction tool, currently under development.
Stackswap was established in 2021 as a pioneering project within the inaugural cohort of the Stacks Accelerator. Shortly thereafter, the whitepaper was published, marking the beginning of an innovative journey. Since then, the platform has introduced a range of cutting-edge products, including Group Farming and Cross-chain swaps, thereby solidifying its position as the leading platform with the most token pairs on Stacks. In pursuit of further embodying the core crypto principles of permissionlessness and interoperability, Stackswap is poised to expand its permissionless offerings across multiple chains. The introduction of the ERC-20 STSW token in 2023 has paved the way for this vision, bridging the gap between the Ethereum and Polygon chains. As the platform continues to evolve, it will focus on developing its AI capabilities to support future DAO use cases and create a fully on-chain orderbook DEX system, diverging from the prevalent hybrid on- and off-chain systems. The versatile STSW token offers a multitude of benefits, including the ability to launch tokens on the token Launchpad, stake for governance power, gain early access to new projects on Stackswap, and leverage the market prediction AI algorithm currently under development.