OpenSwap — Upcoming Community Rewards and Project Milestones to Expect
Hello Troll Troopers,
As most of our community is aware, the OpenSwap project has had a successful launch of the $OSWAP Initial DEX Offering (IDO) on the Impossible Launchpad at the end of August, a milestone the OpenSwap team couldn’t have achieved without support from the community!
As such, the team has planned and launched three exciting staking campaigns where community members can participate in and earn lucrative rewards in $OSWAP at up to more than 100% APR in our OSWAP/BNB, IDIA/BUSD, and OAX/BNB LP pools.
OpenSwap Troll Camp
Our team has been routinely involved with project discussions in our community groups on Telegram, and has received positive feedback about the three existing staking campaigns. Community members had also shared their ideas and expressed to our group admins that rewards programs such as single asset staking would be a favorable option for a lot of $OSWAP Hodlers, as such, the team will soon introduce the ‘OpenSwap Troll Camp’ to spice things up for everyone!
To give you guys a bit of a teaser.. the concept of ‘OpenSwap Troll Camp’ will be for our project token holders to stake their OSWAP tokens and our partner projects’ tokens on OpenSwap and obtain the eligibility to earn enhanced rewards on OpenSwap rewards, farming pools, and other future exciting campaigns.
We value loyalty — and we want the most loyal OpenSwap supporters to enjoy the biggest gains! We will introduce classes of memberships in the Troll Camp, and community members can join the OpenSwap Troll Army to turbo-charge their returns!! See below for a sneak peek…
So What Are the Benefits?
Initially, we plan to have three membership tiers in the OpenSwap Troll Camp, the different memberships will be eligible for different rewards.
Private Troll
- 10% of additional rewards on all farming or reward staking activities
- 2% Bonus APY on the amount staked over 6 months
- Access to VIP Flash Promos (held on OpenSwap Restricted Group Queue)
- First look to new features before public release
- Periodic Surprise Gifts! (Limited Edition OpenSwap NFT)
Captain Troll
- 25% of additional rewards on all farming or reward staking activities
- 4% Bonus APY on the amount staked over 6 months
- Access to Premium VIP Flash Promos + VIP Promos plus 10% additional allocation (held on OpenSwap Restricted Group Queue)
- First look to new features before public release
- Periodic Surprise Gifts! (Limited Edition OpenSwap NFT)
Major Troll
- 40% of additional rewards on all farming and reward staking activities
- 6% Bonus APY on the amount staked over 6 months
- Access to Exclusive VIP Flash Promos and all other VIP Promos + 20% additional allocation (held on OpenSwap Restricted Group Queue)
- First look to new feature before public release
- Periodic Surprise Gifts! (Limited Edition OpenSwap NFT)
Please note that all Flash Promos will be held on OpenSwap’s Restricted Group Queues! The team will add VIP addresses to the whitelist once eligibility has been earned after minimum staking. Read our docs to learn more about Restricted Group Queues.
We will be officially announcing the terms and rules about the ‘OpenSwap Troll Camp’ in the very near future, so please stay tuned to our socials!
Upcoming Milestones
Ok, so let’s talk about the serious part.
Aside from the rewards program, OpenSwap community members were also frequently asking about our technology rollout — which is the most important aspect to giving this project value and subsequently giving sustainable utility to the $OSWAP for the ecosystem.
For those who have yet to read our docs, below is a list of some of the more important tech rollout OpenSwap community members should look forward to, also included a one-line explainer to why the feature is important (for the lazy ones…).
- Spot Priority Queue: Designed for traders seeking to exit out of a position quickly, without slippage, at spot market price.
- Spot Range Queue: Spot Range Queues will provide the ability for liquidity providers to set price brackets, on which to make their liquidity available for sale (also without slippage).
- Restricted Group Queue: Designed for ‘Price Assurance IDO token launches’, ‘Restricted group trade offers’, and more…
- Pegged Queue: Allow users to join queues with a pre-established price. Can be used for certain types of stablecoins or gaming tokens that would be sold at a fixed price.
- Hybrid Smart Router: OpenSwap’s Hybrid Smart Router takes the Liquidity Queues to the next level by enabling the coupling of swap trades from AMM pools with Queues to provide a clear advantage over existing ‘AMM pool-only’ approaches.
- Open Interchain Protocol: A solution that offers more efficient inter-blockchain swapping of chain-native digital assets through the usage of single-asset vaults and decentralized mechanisms.
In addition, here are the ‘short’ and ‘short-mid’ term targets for September and the following weeks:
- TrustWallet setup
- Release of OpenSwap Hybrid Smart Router — One-Stop Multi-DEX Swapping
- Release of OpenSwap Spot Priority Queue
- Release of OpenSwap Restricted Group Queue — Enablement of ‘On-Chain Guarantee Buy-Back’ for IDO on partner launchpads
For those who have yet to understand what we are doing at OpenSwap, and what ‘Liquidity Queues’ are, please read our docs and check out our demo videos on the Spot Priority Queues. We have also published articles on different media outlets as well as our own Medium from before OpenSwap’s IDO, which some of these pieces may have already covered some of the questions you may have in mind, so please — DYOR!!
Learn More About OpenSwap
For those who are interested to obtain OSWAP tokens or wish to learn more on how OSWAP tokens can be earned, please explore the following link: https://www.openswap.xyz/#/earn
We encourage community members to partake in community discussions to help better shape OSWAP Tokenomics and help generate more utility ideas. Users may express their ideas to core team members through joining the OpenSwap telegram group: https://t.me/openswapdex
More information about OSWAP tokens will be shared with the community as the project continues to develop. In the meanwhile, please feel free to follow us on Twitter to receive the latest news and updates from OpenSwap.
Website: https://www.openswap.xyz/
Docs: https://doc.openswap.xyz/
Swap: https://www.openswap.xyz/#/swap
Discord: https://discord.com/invite/BcaC3fSGcB
Twitter: https://twitter.com/openswapdex/
Medium: https://openswapdex.medium.com/
Coinmarketcap: https://coinmarketcap.com/currencies/openswap/ico/
Youtube: https://www.youtube.com/channel/UCwy3G03-u7Ke4yvB_-ehC1Q
