MojitoSwap is the decentralized exchange running on KCC that was founded and centered around the community, and it will progressively become community-owned through the DAO. MojitoSwap aims to be a decentralized exchange with the most comprehensive token listing, the best liquidity, and the highest return on investment.
What is MojitoSwap?
MojitoSwap is a decentralized exchange running on KCC, with lots of features that let you earn and win tokens. It is fast, affordable, and easily accessible as it is not difficult to use.
How Does MojitoSwap Work?
MojitoSwap’s participants have more options for earning large MJT prizes through Bar and Wine pools. The MojitoSwap Bar is a liquidity pool that allows liquidity providers to earn MJT tokens. MJT-KCS, MJT-USDT, and KCS-USDT are the three trading pairs that users can access thus far.
In the future, more liquidity pools with enhanced token pairs are expected. Staking MJT in Wine Pool makes it easier for players to get token payouts. Stakers can currently choose between a simple or compound staking pool. MJT profits will be automatically reinvested in a compound staking pool for more significant returns.
On the other hand, a simple staking pool requires participants to manually withdraw their profits once the staking period has ended. In addition, MojitoSwap launched the “Info” dashboard to keep customers up-to-date on the newest token, trading pair, and liquidity statistics and news. Beyond the debut of the Bar and Wine Pool, MojitoSwap is working on more exciting features like launchpad and NFTs to add to the DEX’s entire ecosystem.
Users can now buy and trade the Starter NFT freely and purchase new skins for the NFT, thanks to the debut of the Mojito NFT Marketplace and subsequent updates. By changing the character picture of Starter NFTs, skins might increase their potential worth. At the same time, as the MojitoSwap ecosystem grows, the value of Starter NFT will gradually increase. It will also be required to gain access to the future Mojito Launchpad. It’s also an essential part of MojitoSwap’s Metaverse or GameFi!
Who Created MojitoSwap?
MojitoSwap is a DEX created by a group of KCS members to provide easy access to the KCC DeFi ecosystem. They are technical experts who previously worked for large internet enterprises with extensive blockchain development experience and senior research analysts who are deeply involved in multiple blockchain projects. They thoroughly understand the DeFi ecosystem, holders, and early BTC and ETH investors.
What Is the Mojito Token?
MJT (MojitoToken) is the native token of MojitoSwap, with a total circulation of 100,000,000. MJT is a practical and governance token with rich application scenarios. Holding MJT can not only allow investors to participate in liquidity mining and borrow money to obtain rewards, but also make them owning the governance rights of the future Mojito DAO organization.
MJT (MojitoToken) is a platform governance token issued by MojitoSwap based on the KRC20 protocol. Users who hold MJT can participate in various activities provided by MojitoSwap, such as liquidity mining, lending, etc. They also have the governance rights of the future Mojito DAO organization.
About MJT Distribution
- The total supply of MJT is 100,000,000 and the token distribution is as follows:
- Mining: 75%
- 75% of the tokens will be used as a reward for liquidity mining
- Labs: 10%
- 10% of the tokens will be allocated by DAO voting
- Team: 6%
- 6% of the tokens located to the core team and full-time employees and will be released in the next 4 years linearly.
- Marketing Cost: 4%
- 4% of the tokens will be used to incentivize community builders and opinion leaders to increase traffic in different social platforms, encrypted communities, Reddit communities, and developer forum communities
- Brand Cost: 4%
- 4% of the tokens will be used for MojitoSwap brand maintenance and promotions.
- Airdrops: 1%
- 1% of the tokens are used to give back to the KCC community and help build the KCC community ecology. The unclaimed part will be burned in phases at a later stage.
The current average daily supply of MJT is 86,400, with a 20% reduction on mining rewards every 180 days.
Closing Thoughts
Why KCC? In very simple terms, why would we want to drive a slow car that costs more to run? We are all about gamification, so we want to maximize the feedback loop of earning, staking, and earning again; all these and more can be achieved by KCC’s superior speed and lower transaction fees. Honestly, while KCC might not have Ethereum’s current level of adoption, in the foreseeable future KCC is growing to bridge the gap in many ways.
DISCLAIMER: Please note that all projects and dApp applications running on the KuCoin Community Chain (KCC) are independently developed by third-party developers. They are not audited by KCC official team. KuCoin Community Chain is an entirely open-source and open community, which means everyone and all project parties can participate. All opportunities and risks also exist at the same time. You need to identify and prevent risks carefully.
