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    What is StreamSwap? A new launchpad model for the Cosmos ecosystem

    ByLeahhere10/06/2024
    StreamSwap is a new type of launchpad model that allows projects to introduce their tokens to the community through a token swap model. Unlike traditional LBP, launchpad, or AMM models, StreamSwap's model will allow projects to trade their tokens within a certain period. Traders can participate in the pool to buy tokens depending on their demand. So what makes StreamSwap's model special? Today, let's explore this in the following article.

    1. What is StreamSwap?

    StreamSwap is a new trading model, unlike traditional DEX/ AMM models. StreamSwap allows users to swap various types of tokens based on a specific period.

    StreamSwap can be seen as a launchpad that simplifies access for traders and investors to newly launched tokens in the Cosmos ecosystem.

    What is StreamSwap?
    What is StreamSwap?

    2. The product and mechanism of operation of StreamSwap

    StreamSwap's core product
    StreamSwap's core product

    Projects can register and create trading pools for pairs of their project's tokens with other tokens on Cosmos such as OSMO, ATOM,...

    This will be considered a way to launch, introduce, and open early trading of the project's tokens to the community. The process to open trading pools on StreamSwap will be carried out according to the following steps:

    • Step 1: The project, also known as the streamer, will register to open a stream (trading pool) on StreamSwap by directly registering on the website.
    Create stream on StreamSwap
    Create stream on StreamSwap
    • Step 2: The streamer will lock their tokens on the platform, set the opening time, end time, and the number of transactions in the pool.

    • Step 3: Subsequently, investors (subscribers) will deposit tokens (ATOM/OSMO) into the pool to receive a share of participation in purchasing tokens in that stream. At that point, tokens will not be swapped immediately, so users can join the pool at any time during the set period.

      Then, the stream tokens and the subscribed tokens will be swapped for each other when the set time ends.

    The streaming process
    The streaming process 
    • Step 4: Subscribers can redeem their swapped tokens after the stream ends. At this point, subscribers will know the amount of tokens they can purchase, the amount of capital used, and the value of the purchased tokens. The token value will be determined based on the number of tokens subscribed to that pool and the number of stream tokens in the pool.
    Subscribers can redeem tokens after the stream ends
    Subscribers can redeem tokens after the stream ends

    3. Tokenomics

    StreamSwap has not yet launched tokens for its ecosystem. We will provide further information on tokenomics once we receive an official announcement from the project.

    4. Development team

    According to some sources, StreamSwap is believed to be developed by the team behind Omniflix Network - a peer-to-peer platform that allows creators and communities to create, manage, and monetize profit models around NFTs.

    The platform has previously attracted considerable attention, as even before its official mainnet launch, it managed to mint over 255,000 NFTs through the platform and generated approximately $1 million in transaction volume.

    5. Investors and partners

    We currently do not have detailed information about StreamSwap's investors and fundraising process. We will provide further updates when official information is available from the project.

    Furthermore, StreamSwap has been audited by Oak Security and has conducted launchpads for over 20 projects, large and small, within the Cosmos ecosystem up to the present time, including: OmniFlix, Nolus, QuasarFi, Passage,....

    6. Road map

    We currently do not have detailed information about StreamSwap's upcoming development roadmap. We will provide further updates when official information is available from the project.

    7. Ecosystem

    8. Conclusion

    Above is all the information about StreamSwap - a launchpad model with a new mechanism designed specifically for projects within the Cosmos ecosystem. This model can be considered quite innovative among current traditional launchpad models, benefiting both projects and investors. The project can easily introduce its token to the community, while investors can clearly understand the community's demand for the project and participate early in token trading. Up to the present time, StreamSwap has conducted launches for dozens of projects within the Cosmos ecosystem.

    We hope this article provides useful information for users about the project. The content is for informational purposes only and not investment advice. Investors should do their own research (DYOR) and make their own assessments before deciding to invest in any project.

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    Disclaimer: This article is for informational purposes only, not financial advice. Join the Bigcoinchat chat group to update the latest information about the market.

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    Leahhere

    Leahhere

    - You have to be enough for you

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