FairySwap DEX Launches with Radical Community-Oriented Tokenomics
A whopping 97% of $FAIRY token supply is allocated to community yield farming.
In what's being called a "fair-launch initiative,"
It's typical for new DEXs and protocols to allocate ~55% of tokens to the community even while claiming to be community-governed;
What are "Tokenomics?"
FairySwap proves its commitment to community-governance with its tokenomics. Those who hold $FAIRY, which are earned through liquidity mining, will determine the future of the protocol, voting on policies like adding and removing trading pairs, adjusting fee parameters, and integrating with new L1 and L2 ecosystems.
There are also built-in deflationary mechanisms to secure the long-term sustainability of the project. For example, a share of each swap is taken by the DEX, half of which goes to the treasury, and half burned. The community could adjust these amounts as needed. Early adopters will receive lucrative rewards that will taper off in exchange for securing and promoting the network.
FairySwap is a next-generation DEX, powered by zero-knowledge proofs, that is focused on privacy, front-running resistance, and community participation. It uses Findora's powerful EVM to provide fast trades with low fees with currencies on different chains and ecosystems. In the future, FairySwap will create its own metaverse environment where identities can be minted into FairyNFTs both to facilitate private trading and act as a foundation for play-to-earn games.
To learn more, visit https://www.fairyswap.finance/
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