LUA’s token economics have been redesigned with a vesting schedule to encourage early adopters to stay and engage in governance for a longer length of time. There will be no seed investment, founder’s fees, or pre-mine in the protocol’s launch.
About LuaSwap
LuaSwap is a new swap protocol based on Uniswap and SushiSwap, which were previously AMM-based swap protocols. LuaSwap’s new tokeneonomics and operation method, on the other hand, solves the flaws of other swap systems. LuaSwap uses the LUA token to deliver a community-governed multichain technology. Rather than vying for liquidity inside the top token pools, the focus is on supporting smaller pools of new tokens.
What is LuaSwap [LUA]?
Liquidity Providers (LPs) will be awarded the LUA token to encourage them to stick with the system. Holding the LUA token entitles you to participate in the protocol’s governance. LuaSwap can be implemented on any succeeding chains, and all LUA token holders can determine how much LUA to transfer to LPs in the new chain, which new token projects LuaSwap should support, and so on.
LUA’s token economics have been redesigned with a vesting schedule to encourage early adopters to stay and engage in governance for a longer length of time. There will be no seed investment, founder’s fees, or pre-mine in the protocol’s launch.
Who Are the Founders of LuaSwap [LUA]?
Long Vuong is the Founder and CEO of LuaSwap at TomoChain Lab. He is an entrepreneur, a product manager, and a seasoned technologist. He is driven by a large vision to create products that have a huge influence on millions of people.
What Makes LuaSwap Unique?
LuaSwap leverages its LUA token to create a community-governed, multi-chain platform that concentrates on smaller pools of developing tokens. Users can buy tokens at near-zero gas fees thanks to the swap protocol, which avoids the network congestion that plagues Ethereum. Confirmations are also rapid, with two-second block times and a throughput of 2,000 transactions per second (TPS)..
LuaSwap is an important part of TomoChain’s decentralized finance (defi) ecosystem, and because of its Ethereum interoperability, any ERC20 token may be added to TomoChain and integrated with the protocol.
Users can provide liquidity for their preferred token pair, swap assets, and yield farm without incurring hefty gas expenses. LuaSafe allows LUA token holders to generate a passive income by staking. When using Luaswap on the TomoChain network, users may anticipate to pay near-zero gas fees, whereas its Ethereum counterpart has seen excessive prices as network traffic has increased.
Where Can You Buy LuaSwap [LUA]?
If you’re looking for a place to purchase LuaSwap, the best cryptocurrency exchanges to use right now are FTX, Hotbit, Coinone, Serum DEX, and LuaSwap.
Frequently Asked Questions
Can I Buy LuaSwap [LUA] With Cash?
No. There is no direct method to purchase LUA using cash. You can, however, utilize markets such as LocalBitcoins to first acquire BTC, and then complete the remainder of the procedures by moving your BTC to the appropriate AltCoin exchangers.
Are there any quick ways to buy LuaSwap [LUA] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of the LuaSwap [LUA] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact ZI price and market cap.
LuaSwap Official website –https://luaswap.org/#/
LuaSwap Twitter– https://twitter.com/LuaSwap
LuaSwap Medium– https://medium.com/luaswap
