Prominent Blockchain technology innovative group The Eagle Network is set to launch EgonSwap – a new Decentralized Exchange platform with new exciting features to rival existing big-players in the industry.
The Eagle Network is a globally-reputed blockchain-based network launched globally February 2021 that is dedicated to the proliferation of decentralized finance and mainstream adoption of cryptocurrency around the world. Having achieved unparalleled innovations in the areas of proprietary mobile mining solutions, gamification and establishment of a global network of over 2 million users, the company is now driven to take its innovation up a notch by building a new Decentralized Exchange platform (DEX). Market analysts have identified Decentralized exchanges as one of the most important sector within the cryptocurrency market as more and more users dive in into the profitable coin and token market.
According to its CEO/Co-Founder Jay Bhinde,
“Our network is driven to harness the potential benefits of cryptocurrencies by increasing versatility, trust, security, and transparency as we pave the way for mainstream adoption worldwide. EgonSwap Finance is also powering our cryptocurrency wallet – CryptoKara with swap, stake, farming, etc on the fly available to our more than 2 million worldwide users”.
The EgonSwap exchange will feature new exciting features such as Liquidity Pools, farming and a retroactive reserve fund for more earning rewards that are currently unavailable on other prominent DEX platforms.
DEX’s have a reputation as one of the fastest growing sectors in the blockchain world. However, Analysts expect EgonSwap to grow at an even faster pace as the exchange platform is set to leverage on a suite of Partner Projects that are currently established within the Eagle Network ecosystem. EgonSwap DEX will be complemented by the proprietary Mobile Cryptocurrency Mining App, which allows people around the world to mine cryptocurrency from their smartphones, without having to spend millions of dollars to build mining farms or write any complex lines of code.
Similarly, EgonSwap users will be able to have exclusive access to the functionalities of the native CryptoKara Wallet App. This community-powered decentralized wallet is currently used by close to 2 million crypto miners in the global Eagle Network.
With the launch EgonSwap, the Eagle Network will have its decentralized ecosystem effectively transformed into a one-stop shop for secure trading, tokenswaps, staking, farming and mining.
EgonSwap DEX Retroactive Reward
As part of reward program to benefit users EgonSwap team is making plans for a future retroactive reward event.
5 Million EgonSwap Token
5 million EgonSwap Token will be reserved and locked, using a decentralized token locker. At the appointed future date, users will be able to claim retroactive rewards of EgonSwap Token for supporting EgonSwap Dex in one way or the other.
A future date will be selected, this date will be before phrase 4 EgonCoin Blockchain launch. A snapshot of active wallet holding EgonSwap Token will be taken and noted. From the appointed future date, users meeting the requirements will be able to claim EgonSwap Token accordingly to support activity using the EgonSwap Dex. Phase 4 is from October 2022.
How To Participate
Hold EgonSwap Token
A portion percentage will be reserved for holders of EgonSwap Token. 10% reserved for users under this category.
Use the EgonSwap Dex
A portion percentage will be reserved for users who use the Dex in one way or another. 20% reserved for users under this category.
Liquidity Provider 1
A portion percentage will be reserved for users who add liquidity into the EgonSwap Dex. This level 1 liquidity provider reward is for users who provide minimum pool and for short time. 20% reserved for users under this category.
Liquidity Provider 2
A portion percentage will be reserved for users who add liquidity into the EgonSwap Dex. This level 2 liquidity provider reward is for users who provide maximum pool and for longer time. 50% reserved for users under this category.
DEXs are central to the functionality and interoperability of the blockchain world. Unlike other projects with utility tokens the DEX token market is virtually immune to the infamous cryptocurrency volatile cycles and fluctuations. It is not uncommon for DEXs native tokens to experience a boom during a general market dip.
This is because, when the market crashes, people scamper to exchange their tokens for more stable or seemingly bullish ones, which effectively puts the native tokens of these DEXs in high demand. It’s no surprise that the top two DEXs Uniswap and Pancakeswap currently have and average CAGR of over 400% and combined market cap of over $30,000,000,000.