About FunSwap — all you need to know
FunSwap is a yield mining protocol based on Uniswap that is designed to provide its users with higher returns on their activities as liquidity providers. In return to authorizing FunSwap to manage the user’s liquidity pool stake, FUNS tokens are distributed to all liquidity providers. FUNS token is a ERC-20 token that can be traded on Uniswap.
While the FunSwap team remains anonymous, all the contract documentation is publicly available to showcase the whole process and proves immutability. Users holding FUNS tokens can easily convert them to iFUNS tokens (and vice versa) that act as governance tokens. iFUNS tokens can be used to propose or vote for proposed ideas for future development.
Once the FunSwap contract is activated, all the token distribution and process becomes automatic and cannot be stopped by a single entity. That protects the users from potential immoral actions and rug-pulls.
The FunSwap team consists of experienced developers, business development, and marketing experts. We believe in the concept of decentralized governance and will not interfere with community desires when it comes to proposed changes and improvements.
Our community team will provide a 24/7 community service to make sure all questions are answered in a timely manner. Our developers will continue to improve the FunSwap UI and improve the user experience, providing liquidity providers with all the tools they need to make data-based decisions. We will seek new ways to promote the platform to achieve higher liquidity needed to start operating a FunSwap DEX.
About the FUNS token
FUNS token is the main token in the FunSwap ecosystem. It is distributed among the FunSwap participants based on predetermined rules written in the token contract. FunSwap has no presale and no tokens will be issued before the platform is live.
FUNS token distribution rate will change in each round. Round is finished when the target total mortgaged $ value is reached or after 7 days (which comes first). Initial rounds will yield more FUNS tokens than each next round to reward early participants and ensure a deflationary token issuance. Each round will issue additional FUNS tokens that will be rewarded to the most active liquidity providers.
Note that part of the fees collected on the platform will be used to buy-back FUNS tokens from Uniswap and burn them, besides giving a portion back to the liquidity providers.
Users can also stake FUNS tokens in FunBar, a simple to use interface where users can convert FUNS to iFUNS. iFUNS holders will receive extra incentives in form of FUNS token.
FUNS token metrics:
Total FUNS supply: 21 million
Contract address: (will be provided when FunSwap will launch)
Uniswap FUNS/ETH pair: (will be provided when FunSwap will launch)
FunSwap whitepaper and rules: https://medium.com/@funswapOfficial/funswap-distributed-trading-platform-whitepaper-28a0132ed94e
FunSwap aims to become a completely decentralized and community governed platform to embody the main advantages cryptocurrencies have to offer compared to the traditional banking systems. In FunSwap, each individual has the power to become financially independent and use the tools available to yield his investment at a high rate.
To support FunSwap or join our community, make sure to follow our social media profiles, and join our Telegram group.
Twitter: https://twitter.com/funswapOfficial
Discord: https://discord.gg/aSRGNNe
Telegram: https://t.me/funswapOfficial
Github: https://github.com/funswap
