Hamburg, Germany, August 23, 2021 (GLOBE NEWSWIRE) – FlanoSwap is a decentralized exchange platform that runs on the Cardano blockchain. It is the first decentralized exchange and a complete launchpad solution for the Cardano ecosystem. FlanoSwap offers a wide range of fundraising profiles and will be the key to unlocking Cardano’s liquidity.
The trading and monetization functions of the exchange platform are based on the AMM protocol (Automated Market Maker). This means that the transactions brokered by users are not matched by others when using order books. Instead, they will trade with each other by locking their tokens in a liquidity pool. The use of AMM guarantees a fast, efficient and powerful liquidity upgrade beyond the constant product pool with the capital employed by the users. It will also help optimize ownership and profits for financial institution development. All of these functions make FlanoSwap an attractive platform for product developers who are looking for a sustainable environment.
The reason for developing FlanoSwap on Cardano is its efficient architecture. Cardano was designed to overcome the weaknesses of Bitcoin and Ethereum. It is the world’s first verified peer-to-peer blockchain. The nonprofit responsible for Cardano has formed a network of academics and scholars from universities around the world, including the University of Edinburgh and the Tokyo Institute of Technology, to review the agreement before it is published.
From all of this it is clear that Cardano is a product of great scientific work. Its structure consists of two main layers – the payment layer and the control layer. The payment layer includes ADA, the ecosystem’s local currency, and has Ouroboros as its centerpiece, which uses a proof-of-stake protocol to issue cryptocurrencies. The smart contract is signed on the other layer, the control layer. Cardano has been designed and customized to reduce energy consumption and reduce the time it takes to create new cryptocurrencies.
FLAN is FlanoSwap’s native token on Cardano. It is a utility governance token whose maximum supply is forecast to be 200,000,000 FLANs. The tokenomics include the distribution of 10% tokens in the seed phase, 15% for strategic partners, 24% in the private phase and 1% in public sales. In addition, 50% of the supply would be reserved for project development, 25% of which would be added to liquidity and another 25% would go into marketing and development of the project. FLAN holders can use their tokens to get more profits from trading fees. Staking out FLAN would also add an additional multiplier to the yield. FlanoSwap will include a limited governance model that will allow FLAN members to participate and vote on community proposals and changes.
Aside from the incredible FLAN token, FlanoSwap has several features. Although the exchange is decentralized, the order books are kept centrally, which means that anyone in the system can trade orders that are sent to the order book by FlanoSwap and vice versa. This unique aspect sets the exchange apart from others as most of them don’t have an order book to aggregate across liquidity groups. FlanoSwap is also a pure market maker, using the token included in it to create a series of orders at different prices and sizes to provide liquidity.
The equation used has the specific property of being “stateless” and can provide traders with “infinite” liquidity on any two tokens without prior information about their prices or value. The exchange’s swap is designed to provide traders with an inexpensive and straightforward option for high-speed swap. The cost savings of exchanging tokens would be more important for those liquidity providers who frequently shift their assets to different pools, giving them more earning opportunities and flexibility. FlanoSwap will also issue LP tokens to keep track of the percentage of the pool that a particular token holder owns. If the required criteria are met, the FlanoSwap community allows these tokens to be farmed in order to return additional FlanoSwap as a reward.
The developers will launch the FLAN wallet in August so that users can easily and securely manage their tokens in the Cardano ecosystem. This wallet is a lightweight crypto wallet that can be accessed directly from the mobile phone and website. It will enable a quick and easy money transfer that will make sending crypto as easy as sending a message to anyone, anywhere. The FLAN team takes user privacy and security very seriously. Due to the development of the wallet, the application does not collect any data from the user. This ensures that users are responsible for managing their private key and passphrase of the wallet. The management of all crypto assets is not only simplified in one place, but the wallet also automatically optimizes the transaction costs and the speed for the users. At the same time, you can also adjust the gas charge manually by dragging the gas charge bar as needed.
Aside from all these standout elements, the FLAN wallet keeps users updated with the latest market news and offers quality reports as well as various monitoring tools. The developers also plan to create an NFT marketplace where artists and collectors can create, trade, and collect digital artifacts. These efforts will open new doors for the community and greatly expand its financial resources.
Social media details;
Telegram group – https://t.me/FlanoSwapOfficial
Telegram channel – https://t.me/FlanoSwap_Official
Middle – https://flanoswap.medium.com/
Facebook – https://www.facebook.com/FlanoSwap
GitHub – https://github.com/Flanoswap/
Disclaimer: All investment strategies and investments involve the risk of loss. Nothing in this article should be construed as investment advice. Any reference to the past or potential performance of any investment is not a recommendation or guarantee of any particular result or profit and should not be construed as such.