EmiSwap AMM DEX – the first project in the EmiDAO ecosystem, announced its roadmap plans this week. The main milestone developments include DEX launches on Binance Smart Chain, Huobi chain, TRON, and Polkadot; implementing limit, stop-limit, and stop-market orders for EmiSwap and other DEXs; a bridge between blockchains and Layer-2 transactions support; voting, staking, and NFT farming implementation.
An automated market maker exchange supplemented by an ESW governance token and yield-boosting NFT Magic Cards, EmiSwap is an open-source, decentralized platform, a fork of Uniswap V2. EmiSwap distributes 100% of the trading fees to liquidity providers and ESW token holders, who then vote on the ecosystem’s future growth. The EmiSwap protocol already offers Ethereum gas fee refunds and an NFT-based loyalty program to pro-active users.
Since EmiSwap’s release on March 31st, the protocol has welcomed over an astounding $700,000 ー in total locked value (TVL). It also received $1.3 million in startup financing for its ESW cryptocurrency during pre-seed and seed rounds. Aside from its success in garnering investment and liquidity, the protocol has passed a security test conducted by Hacken, a leading blockchain security firm.
EmiSwap is planning on a Binance Smart Chain launch soon and a Huobi Chain launch after. According to EmiSwap’s roadmap: In the third quarter of 2021, they will implement Limit, Stop Limit and Stop market orders for EmiSwap and other DEXs like UniSwap, SushiSwap, DODO, and others, as well as voting functionality, staking, and utility NFT farming.
EmiSwap is a DeFi pioneer with its brilliant concept of utility NFTs that increase the user’s income on the platform by providing randomly chosen yield-boosting bonuses: bonus ESW tokens, reward boosters for liquidity providers and swappers, rare collectibles and more.
The Limit order functionality can help hedge against losses or lock in profits at a predetermined level. This feature has never been implemented on any other DEX before. The EmiBridge (a bridge between blockchains) will allow for cross-blockchain operations – a feature DEXs lack compared to centralized exchanges.
In the fourth quarter of 2021, EmiSwap will launch on Tron and Polkadot. These launches on other chains are quite consistent with the fact and promise that the EmiDAO will be highly scalable and adaptable. Lastly, get ready for epic NFT card battles – a built-in game for NFT card collectors where they will win valuable prizes.