Review on EmiSwap by Aman Arora
Emiswap a complete Dex platfrom with ESW as governance token
Emiswap is decentralized exchange platform which has just launched their crowdsale of ESW tokens. ESW can be bought with various eth DAI WETH WBTC USDC USDT & USDB.
Emiswap ecosystem is built around two tokens ESW and ESD. ESW is governance token which provide users a right to vote on different project developments. Platform is still in development mode but users can connect to the plaform using their web3.0 wallets to partcipate in tokenn sales. According to latest annoucements early users get Priority in rewards distribution for holding ESW tokens. Trading commission is charged 0.30% from which distributed to liquidity providers and 0.05% is ESW token holders.
Emiswap is a hard fork of Mooniswap and has come up with plans and solutions that other Dex platfrims struggled with. Emiswap crowdsale has allowed early bird users with bonuses of 1NFT ordinary card with a purchase of 500 ESW tokens and more Esw tokens you buy above 500 more NFT cards you get. These cards are Non fungible as all other NFT cards usually are but they provide more value to be used on Emiswap and users holding NFT can earn cruptocurrency from liquidity pools farm new pools and earn ESW tokens . There are currently 5 Tier NFT cards available for bonuses.
Emiswap has another token ESD which you earn as rewards from staking pools in DAI proportionate and that is the only use of ESD token. Emiswap has launched with much more utilities than any other DEX platform whether Uniswap V1 and V2 as Emiswap integrated with more tokens ton use to farm liquidity in proportion to ESW and use of NFT cards on DEX platfroms to earn and trade. Still there are lot to see as we are move forward to see the complete launch of Emiswap and expect it provide more facilities and counter recent issues DeFi industry has faced.
Pros
- Emiswap has been integrated with more swapping options than any other Dex Platform
- Easy to connect and participate in token sale for early bird benefits
- Benefit of using NFT cards to earn from pools farm new pools and complete with other traders
Cons
- Still new and still lot of integrations and upgrades will be seen which takes time
