A AMM based DEX also featuring a launchpad, an NFT marketplace, and “stake and forget” liquidity pools featuring unique rewards.
The AdaSwap DEX operates on a automated market maker, AMM, algorithm. On their DEX AdaSwap are promoting what they call a “Free Financial Model” where swaps which involve the platforms native token, ASW, are subject to no platform fees. This is designed to encourage the use and adoption of the platform and its native token.
Little information currently exists about AdaSwap’s launchpad and how it will work besides saying that they will “protect the community through secure listing” where they verify multiple elements of a project.
The NFT marketplace from AdaSwap is being billed as an "exclusive" NFT marketplace. Users will need to hold ASW to use the platform and each user will be placed in a tier that is based on their ASW holdings. The more ASW a user has then the greater the say they have in voting NFT collections onto the platform. New artists and collections are accepted onto the platform through governance voting my platform members.
Each tier will also receive airdrops, staking rewards, and access to high-tier-only NFT sales.
“Stake and Forget” Stake pools
On the AdaSwap platform users can stake select tokens to select pools that are called as “stake and forget” pools. For staking to these pools users will receive the same rewards as other liquidity providers on the platform. In addition to these standard rewards stakers who stake to these pools will also receive airdrops of tokens from projects launching on the AdaSwap launchpad.
Projects launching from AdaSwap’s launchpad have to pay a fee to use the service. This fee is paid in the launching project's native tokens. This fee is then airdropped to the stakers in the “stake and forget” pools. To become eligible for these airdrops "stake and forget" stakers must first meet a minimum staking period in these liquidity pools.
Long term stakers on AdaSwap pay 0% fees