Review on EmiSwap by Pedro O. Alvino M.
Automated marketplace developed by EmiDAO.
Project developed as an automated market within the Ethereum network ecosystem, this based on the architecture of Uniswap and Mooniswap, since the first represents a fork, which present improvements in both stability and greater security in the ecosystem.
According to the operation of the project, Uniswap does not usually vary, however, what differs from both is how it is developed and the power that the community over the platform, according to this EmiSwap is the first project developed by the EmiDAO organization, which is a decentralized and autonomous organization that seeks to innovate in the DeFi ecosystem.
The benefits available to the project are based on its native ESW token, which allows obtaining rewards for transactions completed on the platform, in addition to being able to use it as a means to buy NFT items, in this case collectible cards within the platform, which are subsequently They may be used as their own benefits within the project, in which it increases the user's earnings according to the level of the card purchased.
The project design is well established, but the competition awaiting the project is extensive, and since it is based on Ethereum, the current situation of transaction fees is an aspect that many users are abandoning the automated Ethereum markets, thus causing the automated market projects entering the market a very low influx of users.
Pros
- Designed as an automated marketplace for the DeFi ecosystem and NFT marketplace.
- Represents a fork of the higher performing Uniswap exchange.
- Its ESW token has a wide series of usefulness within the project ecosystem.
- The trading cards contained in EmiSwap benefit users through exchanges in the ESW token.
- It has the Mooniswap protocol where liquidity providers will not lose benefits due to temporary price slippage.
Cons
- The token is not yet listed on exchanges and coinmarketcap.
- There are large competitors in the market.
- Being based on the Ethereum network, the high costs of transaction fees will limit users with little capital.
