Basic Information
Name of Project: Salmon
Ticker: SAL
About
SalmonSwap aims to balance the short-term and long-term interests of the liquidity providers, community by providing lasting rewards to liquidity providers, even if they withdraw their stake from the liquidity pool.
With SalmonSwap, liquidity providers receive a proportionate share of the trading fees generated by each pool they provide liquidity to. However, unlike other AMM protocols, liquidity providers will continue to receive a share of the trading fees even after they have withdrawn their liquidity.
Each trading pair will have a 0.3% fee, these fee will be converted to SALMON tokens and then be distributed to past and present liquidity providers for each pool. Out of this 0.3%, 0.25% will be distributed to active liquidity providers, whereas the remaining 0.05% will be converted into SALMON (through SalmonSwap) and will be distributed to SALMON holders. This system ensures early LPs continue to see a long-term benefit even after they withdraw their assets.
SALMON holders will need to stake their tokens to benefit from the 0.05% fee distribution scheme. Rewards will be proportional to the amount of SALMON staked versus the total SALMON staking pool.
Details
Total supply: 5,000,000 SAL
Total circulation: 5,000,000 SAL
Other Information
Official website: https://salmonswap.io/
Disclaimer
This document is compiled from the official whitepaper and relevant documents provided by the project team to provide investors an overview of the cryptocurrency. The information contained in this document is collected legally. We make every effort to provide reliable, complete and accurate information. However, we do not guarantee the accuracy and completeness of the information. The information shall not be regarded as advice, legal proof or evidence, whether explicit or implied.
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