The Binance smart chain market is growing fast and CheezySwap is the new hottest addition. It is a First Cross-Chain Dex and NFT marketplace with a deflationary native token Cheezy NFT’S and Swap Tokens.
Its mission is to democratize access to finance by bringing current financial products in decentralized fashion which correlates with the idea of decentralized finance. It aims to become a major disruptor in De-Fi space.
CheezySwap is a unique exchange platform which gives its community the access and opportunity to dictate exactly how they want their finances to be run. Using CheezySwap’s governance platform, token owners will have the ability to create polls and vote on the changes they would like to see on the platform these can be anything from changing algorithms inputs of how the platform generates revenue to the modus operandi. Members of the CheezySwap community have all the power in their hands to make desirable decisions and reforms on the platform, and bring useful ideas to the table.
The difference between CheezySwap and other spot swap platforms is that CheezySwap is more flexible, cheaper and faster since it’s powered by Binance Smart Chain.
CheezySwap is an altcoin: CheezySwap’s unique feature is that it charges a 2% fee to anyone who buys, sells, or transfers their tokens:
?1% of this fee is then redistributed to all other CheezySwap owners, essentially rewarding those who hang onto their tokens and disincentivizing selling.
?1% of this fee is automatically burned.
The users will collect the rewards automatically in their wallets. The reward collection cycle is not affected until the users sell 100% of their tokens. The proportion of the amount received is reflected by how much $CHEEZY token is held in their wallets.
Along with the automated yield generation, the users also earn via a perpetual increase in the value of $CHEEZY as they undergo a burning mechanism. The burns are controlled by the development team and are effectuated according to the achievements. The deflationary connotation given to the platform ensures a gradual decrease in supply and increase in value.
1. Permissionless, Anti-censorship: In any environment, anyone can access CheezySwap without permission and KYC review.
2. Liquidity Aggregation: Users can exchange assets at the lowest rate and via the most efficient trading route — this is achieved by connecting their own decentralized wallets.
3. Cross-chain Exchange: We implement all proven and possible cross-chain solutions onto the market with our aggregation protocol. With this, we can achieve cross-chain transactions. Users are able to freely exchange multi-chain assets with one-click.
4. Community Drive: Based on the CheezySwap Token’s issuance and economic model, decentralized governance and community-driven development will be realized.
Developers who mint NFTs may set an optional fee for marketplace orders (2.5% is recommended). This can be set to a maximum fee of 25%.
An optional Transfer Fee also allows the developer to monetize direct trades and transfers. For example, this functionality enables a digital artist who mints artwork into NFTs to charge a Transfer Fee for subsequent transfers of these NFTs.
Moreover CheezySwap will allow artists to place a “copyright fee” and get commission from every next resell of their NFT. The main reason for it is to attract the best artists to the CheezySwap platform.
CHEEZY token has a fixed supply of 5,000,000 and is deflationary in nature. The platform will use 0.05% from spot trading fees to buy back and burn tokens. This means as activity on platform increases, the burn rate will increase as well. The platform also introduces a staking protocol where liquidity providers can stake their tokens to earn extra CHEEZY as a gesture to reward initial liquidity providers and to reduce chances of impermanent-loss. CHEEZY looking forward to do pre-sale in Jan and listing as soon as the sale is finished.
As a celebration of their launch, CheezySwap is doing airdrop to give CHEEZY tokens to users that have traded on Pancakeswap before. Visit their website to stand a chance!
Release ID: 89058595