Exswap: Launch & Tokenomics

3 min readFeb 26, 2022

Launch

Exswap will be launching when Evmos goes live on February 28th (projected date). Our DEX will be available immediately upon launch and users will be able to provide liquidity. We are projecting the launch of our token and farms within a few days after our launch, but we’ll keep the community updated on the timeline.

General

Exswap will charge a 0.3% fee for swaps that will be distributed to liquidity providers.
EX will be a governance token that rewards the holders with a share of exchange revenues.
There are no pre-sales of the EX token.

Distribution & Allocation

Total Supply: 500,000,000
Emissions: 36 Months
45% Liquidity Providers
20% Airdrop
20% Treasury
15% Team

Liquidity Providers: Farming rewards across all pools on Exswap.
Treasury: The Exswap war chest that will be used over time for marketing, incentives, and potential future investors. Any future investors would be subjected to the same vesting schedule as the team.
Team: Vesting EX tokens allocated for the current and future team. Team tokens will be vested linearly over 12 months.
Airdrop: This portion of the token supply will be airdropped in multiple waves. We will release more information soon regarding the distribution and eligibility.

Treasury

With the launch of EX, there will be a supply of 100 million tokens (20%) earmarked for the treasury. The treasury tokens will be available immediately and will not be subject to the emissions schedule.

The treasury tokens will be put in a multisig and only used when necessary.

In the case of future investors, they would be subjected to the same 12 month vesting schedule as the team.

Emissions

The token distribution follows a decaying emission model.

The rate of emissions will gradually decrease across our liquidity mining programs over the span of three years. We will have a reduction in emissions every three months until the three year period is up. We are aiming for an initial release of 10 million EX tokens per month for the first three months, followed by 9 million per month for the following three months, then 8.5 million, 8 million, etc…

The first reduction in emissions will begin three months after the launch of our token.

Single-Sided Staking

In the weeks following our launch we’ll add single-sided staking for EX. This will allow EX holders to stake their EX and earn rewards from the fees generated by Exswap without having to worry about impermanent loss.

EX token holders will be able to stake their EX for xEX and receive a portion of the revenues.
0.05% of all trades on the DEX will be paid to the xEX staking pool.

Notes

A full overview of our multi-wave airdrop is coming soon (P.S. there’s a twist for Discord community members)
We are planning a revamp of our tokenomics but we’ll provide full transparency and get community support before making final decisions
We have some tricks up our sleeves to incentivize and reward EX token holders