KwikSwap ZENDIT: Announcement + Participation & Pool Details

$KWIK Pool Opens on Wednesday, May 19th, 12 PM UTC

Published in

MANTRA

4 min readMay 13, 2021

Building a DEX isn’t easy and there are very few projects that can claim that they are building a DEX using mainly their own code instead of forking other projects’ code. One DEX that can claim this however is KwikSwap!

As a DEX that looks to become a new cross-chain automated Protocol on Ethereum & Polkadot incorporating Plasm and other parachains, KwikSwap have been putting in massive work in building out their ecosystem of products and have also recently launched on BSC at bsc.KwikSwap.org. With their team based in Sydney, Australia, the KwikSwap team have their AMM already running with analytics and aims to grow their list of features, tools and functionality with their decentralized launchpad and on-chain governance coming soon.

We are excited to be part of the next step of KwikSwap’s journey as we officially launch their $KWIK token on ZENDIT!

Whitelist Closes & Snapshot Taken simultaneously on Monday May 17th, 10:00 AM UTC

Whitelist Winners Announced Tuesday, May 18th, 12 PM UTC

Pool Opens on Wednesday, May 19th, 12 PM UTC

What is KwikSwap?

KwikSwap users can swap their Eth/Tokens with any other Token they want. User don’t need to trust any central exchange or anybody with their money and can also earn fee by staking/Providing liquidity.
Whenever Users Stake/Provide Liquidity, they’ll earn fee according to the share of pool. This protocol is completely decentralized for trading and by utilizing layer 2 scaling integrated with Polkadot, this will offer faster transactions at an exponential rate and also cheaper transaction fees.
KwikSwap is controlled by its own local token, KWIK, an ERC-20 token based on the Ethereum Blockchain. The KWIK token will be used as a governance token & the fee share will be paid in KWIK token. With a complete inventory of 250M tokens minted and the usage of marking and deflationary tokenomics, the team anticipates that this utility token should offer critical advantages when being utilized on the KwikSwap platform.

Participation Tiers

*UPDATE — Tier 4 KILIMANJARO requirements are expanded to include staking 15,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 15,000 OM (zenOM).

Sherpas who meet these participation requirements will be eligible to enter the highest participation tier they qualify for on a per-wallet basis. One wallet can only participate in one tier and cannot participate in multiple tiers.

Our participation tiers for ZENDIT from highest to lowest are:

Tier 0 OLYMPUS MONS — Read more on Tier 0 here:https://link.medium.com/IdNAhernLfb

Total Pool Allocation Amount: $70,000

Individual allocation amounts will be dependent on the number of eligible participants divided by the total allocation in the pool.

Tier 1 EVEREST — Supplying 50,000 OM on ZENTEREST (zenOM)

Max Allocation Amount: $1300

Tier 2 ACONCAGUA — Staking 40,000 OM on our old V2 pool or our new V2 pool (sOM), or supplying 40,000 OM on ZENTEREST (zenOM)

Max Allocation Amount: $1040

Tier 3 DENALI — Holding 30,000 OM in your wallet, staking 30,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 30,000 OM (zenOM)

Max Allocation Amount: $780

Tier 4 KILIMANJARO — Holding a “100M OM Staked” NFT OR staking 15,000 OM (sOM) in on our old V2 pool or our new V2 pool (sOM), or supplying 15,000 OM (zenOM)

Max Allocation Amount: $520

Tier 5 ELBRUS — Holding a MANTRA DAO PolkaPet

Max Allocation Amount: $260

Round Tier and Terms:

Public Round Tokens
15% unlock on TGE on May 21st 10 AM UTC, vesting with 15 day cliff, then daily release for 4 months.

KwikSwap ZENDIT Pool Details

Token Ticker: $KWIK
Token Type: ERC-20
Total Raise Amount: $200,000
Total Available Tokens: 1,000,000 $KWIK
2 Pools: Tier 0 Pool/Private Sherpa Pool
Asset Pool Pairs: Tier 0 Pool: USDT/KWIK /Private Sherpa Pool: USDT/KWIK
Total Pool Raise : Tier 0 Pool: $70,000 Private Sherpa Pool: $130,000
USD Token exchange offering Price: $0.20

Instructions for Whitelisting

Join the KwikSwap Telegram community: https://t.me/kwikswapdex
Follow MANTRA DAO and KwikSwap on Twitter:
https://twitter.com/kwikswapdex & https://twitter.com/MANTRADAO
Like the announcement tweet of the KwikSwap token launch on ZENDIT on the KwikSwap Twitter page and retweet!

4. Final step, complete this entry form before May 17th, 2:00 AM UTC

After the whitelist closes on Monday May 17th, 2:00 AM UTC, we will be randomly picking a limited number of Sherpas for each tier who will have access to the pools and will be announcing the winners’ ERC-20 wallet addresses via our Twitter and Official News and Announcements on Tuesday, May 18th, 12 PM UTC.

Please note that even if you are randomly selected to access the pool this does NOT guarantee you have an allocation and you will need to act fast in order to take part in the pool!

About MANTRA DAO

MANTRA DAO is a community-governed DeFi platform focusing on Staking, Lending, and Governance. MANTRA DAO leverages the crowd’s wisdom to create a community-governed, transparent, and decentralized ecosystem for web 3.0. Built on Parity Substrate for the Polkadot ecosystem, MANTRA DAO gives financial control back to the people to store and grow wealth together.

About Kwikswap

Kwikswap is a decentralised protocol on the Ethereum network & Polkadot incorporating Plasm Network Parachains with layer 2 scaling for Swap, Adding Liquidity and Market Creation. The Kwikswap protocol provides developers, liquidity providers & traders the opportunity to participate in a decentralized financial marketplace that is open and accessible to all.