The Swappery — Tokenomics & the burning mechanism
The Swappery is the first cross-chain Decentralized Exchange (DEX) built for the cross-chain future, starting with BSC to connect with the Casper Network. The DEX guarantees full EVM compatibility to easily bridge your Casper Tokens from the Casper Network to the BSC and Vice Versa. The Swappery ensures to expand further and improve the Casper Network ecosystem to be one of the leading in the industry.
IDO SWPR Token information
A breakthrough in tokenomics building: there are no team or airdrop tokens! The Swappery believes in its success, and success rewards are more sensible than free tokens.
Tokenomics & Burn mechanism
SWPR is a stable supply utility token. The SWPR tokenomics has both inflationary and deflationary mechanics. Every Block created maintains around 40 SWPR Token. Depending on the circulating Supply, the generated Tokens will be burned or added to the Staking rewards.
If the circulating Supply exceeds 800 million Tokens, we burn the newly generated Tokens. Additionally, there will be tokens burned from the swapping fees. We aim to keep the circulating Supply between 800 million and 1 billion.
The Swappery will launch on CasperPad, make sure to follow all the socials below to stay up-to-date with the latest!
