Ashswap Mainnet Launch

Name: Ashswap Mainnet Launch
Start: 2023-02-17
End: 2023-02-17

Mainnet launch of a stable-swap DEX on the Elrond MultiversX blockchain.

AshSwap features AMM liquidity pools powered by stable-swap and concentrated liquidity algorithms
Users can earn rewards by participating in AshSwap yield farming
At launch, there will launch 3 pools available, producing ASH rewards for liquidity stakers;
- USDC/UDST/BUSD (stable-swap)
- ASH/USDT
- EGLD/BUSD
APR of all pools will be boosted to 250% within 7 days of mainnet launch
Users can start swapping tokens through 3 launched pools
There will be a bridge; xBridge (Elrond Ad Astra Portal) to send tokens to the MultiversX blockchain and to AshSwap
ASH is the native token (already launched), and can be obtained from;
- xExchange (ASH/EGLD) and AshSwap’s concentrated liquidity pool (ASH/USDT)
- participating in liquidity mining on AshSwap and Metastaking program on xExchange
Users can lock ASH and receive veASH (up to 4 years lock period)
veASH is the non-transferable, governance token
veASH utilities include;
- holders receive voting power in AshDAO
- holders can vote on pools that receives ASH emissions – the more veASH used to vote for a pool, the more ASH rewards that pool will get
- holders will earn 50% of the trading fees
- Lock veASH to boost boost farming yields up to 250%

Tokenomics
- Token symbol: ASH
- Token supply: 1,000,000,000
  - 10% — Private sale (vested over 27 months; 10% at TGE, then 90% vested daily)
  - 7% — Public sale (100% at TGE)
  - 38% — Farming rewards (vested over 23 months; 4.16% at TGE, then 4.16% monthly)
  - 15% — Team (12 months cliff, then 6.67% quarterly)
  - 10% — Treasury (vested over 23 months; 4.16% at TGE, then 4.16% monthly)
  - 10% — Liquidity
  - 8% — Community (vested over 23 months; 4.16% at TGE, then 4.16% monthly)
  - 2% — Advisor (12 months cliff, then 6.67% quarterly)
- No tax

* none *