⚖️Tokenomics

The native token for the MTV Swap platform has the ticker SWAPPY.

Contract Address: ​TBA

SWAPPY tokens’ primary use case are as an incentive for users to add liquidity to the MTVSwap platform. Without block rewards, there would be much less of an incentive to provide liquidity (only LP fees would remain). Although SWAPPY does have other valuable uses, including: Stake SWAPPY tokens in the platform staking pools to earn more SWAPPY, or other partner tokens Exchange SWAPPY for hundreds of other tokens on the swap Use SWAPPY to access and invest in exclusive IDOs

Users can simply purchase SWAPPY on the swap page or they can earn SWAPPY by staking or by adding liquidity to the MTVSwap DEX, then staking their liquidity provider (MTV-LP) tokens in one of our yield farms.

The token is inflationary by nature, 0.11 SWAPPY are emitted in each block. Of these, 0.10 are used as rewards (75% to yield farms, 25% to staking pools) and 0.01 is sent to the team wallet. Emission rate will be adjusted dinamically based on platform's performance.

That said, we aim for more SWAPPY to leave circulation than the amount of SWAPPY that's emitted. There is the ability to reduce the amount of SWAPPY made per block (i.e. the ability to slow inflation), however it is not desirable to do this too frequently, or too early: investors need to be incentivized to provide liquidity and that incentive comes from the farming rewards driven by the emissions.

Therefore deflationary mechanisms are built into MTVSwap’s tokenomics:

• 50% of all trading fees earned by MTVSwap are regularly used to buy back and burn $SWAPPY.

• MTVSwap burns 20% of the fees in SWAPPY raised by the projects launched on our platform.

• SWAPPY will also be manually burnt to celebrate various milestones.

• Partner projects burn SWAPPY in various ways as part of their partnership with MTVSwap.

• All burns will be announced.

Swappy Tokenomics On Launch

• 610 000 $SWAPPY for sale.

• 40 000 $SWAPPY for airdrop for MTV holders.

• 200 000 $SWAPPY for $SWAPPY liquidity pool.

• 150 000 $SWAPPY for development, marketing and partnerships.

• TOTAL 1 000 000 $SWAPPY.

Most IDO (Crowd Sale) funds will be allocated as LP in required pools in order to ensure enough liquidity to avoid a high price impact when buying/selling considerable amounts. All the liquidity provided by the Team will be locked, announced and published in this "Knowledge Base" for being consulted at any time.