NiSwap is a new unique Defi project to be launched on the Ethereum blockchain. It is an automated market-making (AMM) decentralized exchange (DEX) enabling trustless peer-to-peer trading without intermediaries on Niswap permissionless protocol. AMMs provide a completely new model for decentralized exchanges (DEXes), using liquidity pools and pricing set by an algorithm rooted in supply and demand instead of conventional order books. What stands UniSwap apart, it aims to provide an upgraded functionality, Niswap is thought to provide a more user-friendly experience with a better UI so there is no need to refer to Dextools for checking order books for pairs listed at NiSwap exchange.
In essence, NiSwap is a new and unique swap exchange, a protocol for decentralized exchange of tokens like SushiSwap, Uniswap, or PancakeSwap, and BakerySwap on Binance Smart Chain. What stands NiSwap apart, it aims to provide an upgraded functionality, Niswap is thought to bring about a more user-friendly experience with a better and more robust UI. The list of improvements does not stop here and there is a wholesome array of additional features. Feature-rich NiSwap, as a decentralized finance project seeks to reward its users and early contributors in a true spirit of DeFi, meaning giving back to the community for using the swap exchange and farming. Like CoFiX Dapp (funded by Coinbase Ventures), NiSwap is thought to become a top efficient token swap on Ethereum. Traders always get market prices at the smallest spread. Nickel represents the governance and dividend rights in the Niswap protocol. AMMs like Niswap are easy to use and enable fast, trustless crypto trading.
Another major feature of NiSwap that differentiates it from traditional swap exchanges is chain interoperability. With the success of Ren (an open protocol providing access to inter-blockchain liquidity for all decentralized applications), wrapped Bitcoin on Ehereum became a thing and enabled DeFi enthusiasts to move assets from one chain to another for trading, convenience, and arbitrage opportunities. Like Polkaswap, - a DEX focused on interoperability, NiSwap hopes to achieve interoperability making it a potentially fast-growing project.
An enhanced incentive package for early contributors, users, and liquidity providers is therefore devised.
Our revenue-sharing model serves as a major incentive for using the platform and shall comprise:
NiSwap Revenue Sharing - alongside the top exchanges with high market caps, NiSwap is planning to accumulate a lot of liquidity and incentivize the users with sharing swap fees.
NiSwap Defi Farming - Like at SushiSwap and SpaceSwap, you can use your NISWAP token and sNISWAP to generate NICKEL token. Niswap wants to let its users earn NICKEL token as a reward in the way Compound and SushiSwap rewarded their users (Users who provided liquidity to various Compound services would earn the COMP token as a reward, earning substantial returns on their assets). NICKEL also represents the governance and dividend rights in the NiSwap protocol.
NiSwap Lottery Program is destined to reward token holders. Holding NISWAP tokens can provide lottery ticket allocations for holders.
Niswap Staking is planned to have a Proof-of-Stake mechanism. Participate in staking on NiSwap exchange and earn NICKEL tokens as a reward. To stake, there is no requirement to own a node, you can stake from your PC or smartphone. While staking means locking up your tokens, they are still in your wallet, and only you have access to them. You can unlock your funds anytime. NiSwap plans to enable you to keep all rewards regardless of when you decide to unlock your tokens. NiSwap could offer an improvement over Fantom in this regard while also planning to stipulate long unbinding periods. Staking happens on-chain, thus it’s independent of your computer, mobile device, or wallet.
NiSwap Liquid Staking. Yield farming is meant to be possible on NiSwap platform. Liquid Staking unlocks the value of your staked NISWAP token, mint sNICKEL in a 1:1 ratio to your staked NICKEL, and use it as collateral in NiSwap Finance DeFi suite. . People can trade synthetic tokens at such exchanges as Synthetix. Using Furucombo, DeFi farmers can create Defi combos to create strategies for maximizing their returns. NiSwap`s synthetic sNICKEL is planned to be interoperable with these platforms.
NiSwap Airdrop. To be announced. NiSwap Airdrop proposes to mostly reward early contributors, users, and liquidity providers. Ethereum addresses of our early contributors who participate in the coming public sale LBP (Liquidity Bootstrapping pool) auction on Balancer are intended to be automatically included in the forthcoming airdrops and can receive a higher drop size. However, NiSwap plans to grow fast so liquidity providers and early users of the exchange will be included in the airdrop. Check our Discord and Twitter for the coming LBP auction date.
Niswap Token Burn. We aspire to announce token burns at regular milestones in order to stabilize the growth of the platform and rebalance inflation.
NiSwap Worklock. TBA. We wish to provide an opportunity to lock your NISWAP tokens to obtain tokens of other projects.
Niswap NFT Crosschain Swap Suite. Exclusively at our platform, ERC-721 standard non-fungible tokens swap exchange is planned to be deployed. Stake your NFT crypto collectibles (ERC-721 tokens) from various NFT projects like Cryptokitties, NBA Top Shot packs, and other NFT tokens to collect NICKEL token rewards. Swap your NFT crypto-collectibles for other ones at our platform's NFT Crosshain Marketplace. Sell and buy NFT tokens at NiSwap in a peer-to-peer way. The NFT Suite is to be cross-chain meaning you could potentially bridge your ERC-721 tokens from Flow, Lukso, and other NFT platforms. An incentive is planned to be added so that you could trade NFT tokens on our platform and receive rewards in the form of NICKEL token.
How is NiSwap better than other projects? In many said above respects but foremost by offering true state-of-the-art cross-chain interoperability, state-of-the-art dynamic NFT DeFi suite, and the maximization of rewards (governance and synthetic tokens) for token holders and platform users to boost the growth of the decentralized exchange and achieving a high market cap. We do not plan to devalue our token so although there is an inflationary model to reflect the potentially growing market cap of NiSwap, it could be mitigated by a reasonable APR and regular token burns.
Stay tuned for more news about the bounty program and the coming LBP auction on Balancer.
Visit our Twitter: @NiSwapDefi