MakiSwap Tokenomics Announcement
What is MakiSwap?
MakiSwap is an AMM, Yield Farming platform and a product part of the Unilayer Ecosystem built on Huobi Eco Chain and the first that will offer a more robust trading experience from all AMMs Such as:
- Limit orders
- Order books and more
All these trading tools will be natively integrated within the MakiSwap platform, making it the first AMM to have a more robust trading experience for both experienced and new traders.
There are ONLY 2 ways you can get MAKI token before the MakiSwap Launch:
- DAO Maker SHO
- Unilayer MAKI airdrop (Snapshot on May 2nd)
The Unilayer token snapshot will take place on May 2, 2021 @ 5:00PM ET (NY TIME) For more information about the airdrop requirements please click on the following link:
The wait is finally over! we can now reveal the tokenomics for MAKI. Below you will find the block rewards, burns, team, starting supply.
Starting MAKI Supply
Token name: MakiSwap
Starting Supply: 38,666,666 MAKI
Like many other popular AMMs and Yield Farming platforms out there, MakiSwap will have no token Max supply, but the emission rate can be controlled by the DAO, community will have the power to change emissions in the near future.
MakiSwap has a block reward of 16 MAKI per block. Out of which 81.25% goes to farming, 9.38% burns and 9.38% goes to the team.
Block reward: 16 MAKI per block
Farms: 13 MAKI per block
Burns: 1.5 MAKI per block (Can be changed via DAO)
Team: 1.5 MAKI per block
Let’s get into some specifics, the average block time reward on HECO is 3 seconds per block.
16 MAKI x 30,000 blocks/day = 480,000 MAKI per day x 365 days/yr = 175,200,000 MAKI per year from block rewards. But the DAO can control whether to burn 1.5 MAKI per block or send it to a treasury address. 1.5 MAKI per block equals to 9.38% of the total yearly rewards.
If the community decides to burn the 9.38% MAKI per year then the yearly MAKI block rewards will be:
- 16,433,760 MAKI = 158,766,240 MAKI per year
MakiSwap revenue streams
The MakiSwap team address receives 45,000 MAKI tokens per day (1.5 MAKI x 30,000 blocks a day) which will be locked with a 3 month ramp and vested monthly afterwards.
Like many AMM platforms there will be a token swap fee per trade on MakiSwap.com
The token swap fee is: 0.2%
0.17% — Shared to liquidity pools in the form of a fee reward for liquidity providers.
0.03% — Distributed to the MakiSwap Treasury.
Unilayer Community LAYER token Incentives for MakiSwap
As many of you know MakiSwap is a product of the Unilayer Eco-System, that means that LAYER token holders will get to reap some extra rewards. The LAYER token will have the ability to bridge over to HECO (Huobi Eco Chain), we are currently talking to Multichain.xyz to make this possible for us, this means that you will be able to provide liquidity and deposit your LP tokens over at MakiSwap.com and be able to farm MAKI tokens. 🍣
There will be a designated farming pool for LAYER token holders:
Huobi ECO Chain (Heco) is a decentralized, high-efficiency and energy-saving public chain, also the first product launched by the Huobi Open Platform. It is compatible with smart contracts and supports high-performance transactions. The endogenous token of Heco is HT and it adopts the HPoS consensus mechanism. Heco will continue to improve the efficiency of Ethereum by Layer2, which will supplement and empower the Ethereum ecosystem.
Heco’s mission is not only a public chain, but also to focus on the discovery and support of high-potential developers and innovative projects. Relying on the world’s largest trading ecosystem, Heco is committed to becoming the birthplace of innovative technologies and innovative businesses, and building a complete ecological loop of technology development, application promotion, and trading.
- TPS: 500+
- Average block interval: 3s
HPoS consensus mechanism: it has the characteristics of low transaction cost, low transaction delay, and high transaction concurrency.
The maximum number of validators supported is 21.
Polygon Network, Kenetic Capital, Inclusion Capital , Jawad (Terra Virtua), Dao-Maker, Momentum 6, LD Capital, NGC Ventures, QCP Capital, AU21 Capital, Xend Finance.