What is MoneySwap?
MoneySwap (MSWAP) is a decentralized finance (DeFi) platform that provides users with a range of DeFi services, including lending, yield opportunities, and staking. The project was created by GoMoney2 (GOM2) developers, a utility token utilized as a payment method in the AnimalGo ecosystem and traded on other cryptocurrency exchanges. Additionally, the AnimalGo Foundation aims to apply a system for MoneySwap to be used directly in the ecosystem along with GoMoney2.
The MoneySwap platform offers many services to its users, including deposits and rewards, a swap pool, governance function, and airdrop events. Deposits and rewards allow a variety of tokens to be added to the platform, providing liquidity for the swap pool. Pool members can mine for a reward proportional to their deposits. As the number of tokens increases, the liquidity increases, and larger amounts of tokens can be swapped quickly and conveniently. MoneySwap serves as a bridge for such swaps, increasing the intrinsic value of the token.
The governance function allows each holder to vote on a variety of matters with voting rights proportional to the amount of MSWAP held. Issues that the holders’ voting can determine include the selection of deposit tokens to be added, adjustment of mining rates or fees, selection of airdrop events, and other various policy upgrades.
The team plans various airdrop events to facilitate the increase of liquidity for tokens that can be added on MoneySwap. This way, the team intends to increase the value of existing tokens while introducing existing token holders as new users to MoneySwap.
MoneySwap was launched in the second half of 2020. The GoMoney2 Team and the team behind MoneySwap are established at MOON LABS PTE. LTD, Singapore. The total supply of MSWAP tokens is 1.5 billion, out of which 40% is allocated for the ecosystem, 20% for liquidity, 30% for marketing, and 10% for the reserve.
In summary, MoneySwap is a DeFi platform that provides users with various DeFi services, including lending, yield opportunities, and staking. The platform offers a range of services, including deposits and rewards, a swap pool, governance function, and airdrop events. The project was created by GoMoney2 developers, and the team behind MoneySwap is located in Singapore. The total supply of MSWAP tokens is 1.5 billion, with allocations for the ecosystem, liquidity, marketing, and the reserve.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free