What is EgonSwap Dex?
What is EgonSwap Dex?
EgonSwap Dex is a crypto exchange Dapp forked from pancakeswap. It is a fully decentralized and audited application offering decentralized crypto trading options for users to exchange, earn passive income, swap, stake, farm EGON token.
EgonSwap Token Supply
EgonSwap token supply is dynamically set according to transactions on the Dex. The Dex supply is both inflatable and deflationary mechanism built-in just like pancakeswap. Supply is increased by set Egon mint per blockchain block according to Dex trading activity.
EgonSwap token minting is implemented just like on Pancakeswap, only change is a reduction of block rate from 40/block to 1/block for EgonSwap token. This makes Egon Token more scarce and will remain with far less supply than pancakeswap.
CEX/DEX Exchange Liquidity
4,200,000 EgonSwap Token reserved for other CEX and DEX listing liquidity overtime.
Marketing & Promotion
210,000 EgonSwap Token reserved for initial marketing and promotion for both EgonSwap crypto exchange and CryptoKara Wallet App for more growth and participation.
Team Allocation
210,000 EgonSwap Token
(Locked & Vested from 01/08/22)
Allocation reserve for project core team locked and unlocked from 01/08/22, and vested.
Initial Burn
2,755,000 EgonSwap Token will be burned according to the burn program to further reduce supply and add more value.
5 Powerful Factors to Hold EGON
1). Exchange Token
New exchange token to hold from onset for maximum benefits. EgonSwap Dex provides solid use case for the mobile mining community project of more than 2 million people worldwide. Exchange token are powerful passive income generator that increase in value as the exchange gain mass appeal.
2). Retroactive Reward
Future Retroactive Reward as 7 million EgonSwap Token reserved to be used to reward users who use the Crypto Exchange Dapp
3). Egon as a Reflection Reward
4% from all transactions happening on EAN token will be used to buy back Egon and given as reward to holders of EAN token. This enforces a perpetual green candle pressure for Egon token as holders of EAN makes a transaction. EAN token is a community token backed by more than 2 million miners. This reflect action of the DEX token means that for every buy and sell order been made on the mining app triggers a “buy” order for EgonSwapbDEX Token. This setup is very unique in crypto space and no DEX exchange has this innovative buy pressure for it native token
4). Community Based Project
EgonSwap Dex is part of a solid Crypto community project of more than 2 million miners. No other exchange project attain such vibrate community before official launch.
5). EgonCoin Blockchain Project
EgonSwap Dex will release and migrate to it’s own purpose built blockchain late 2022. Use of Elevated Proof of Stake (EPoS) as the hashing algorithm instead of Ethash (what Ethereum uses) for super fast transactions and far cheaper fees almost at zero. NFT and Metaverse application will be built using EgonCoin Blockchain.
