Introducing SuperSwap and SuperToken
The daily volume of Uniswap has surpassed the daily volume of centralized exchanges ! Recent DeFi projects related to yield farming like SushiSwap, and many other on the same field, have played a major role in this. However, many of them died overnight because of the lack of transparency, vulnerability of the contract or the short-sighted token economy. None of them fulfilled what people really wanted and only few participants actually earned a profit.
This technical SuperSwap paper explains some of the design decisions behind the SuperSwap core contracts. It covers the contracts’ features — including SuperSwap’s SUPERTOKEN, total supply, reward distribution and more.
Don’t wanna miss the DeFi season? Here’s your SUPER opportunity!
We are SUPER excited to bring you what you guys really want — The SUPER SWAP !
What makes SuperSwap unique?SuperSwap is completely distinguishable from the existing DEX’s on the market. While adopting the brilliant model of automatic market maker (AMM) and staking mining mechanism from Sushiswap , SuperSwap is a more
simplified, fair and secure version of SUSHI that will launch in multiple phases to ensure sustainability and profitability.
Simplicity — SuperSwap provides the simplest interface for a staking mining model. Participants can easily get started with mining and earning on the SuperSwap platform with just a few clicks. No need to read long and boring whitepapers! In the first phase, you will simply have to deposit assets on SuperSwap and will receive SUPERTOKENs as rewards. And you are all set!
Fairness — A Fair Launch is the most important thing for all blockchain projects, not only DeFi. SuperSwap guarantees 100% transparency for our participants and audience. We would like to offer this project to benefit the community in the long term, not just the founders. 0 Pre-Mine and No Drama!
Security — Think about the nights you can hardly sleep tight after you provide liquidity for the DeFi platforms. Will someone steal my assets? Did the developer team leave a backdoor? Will the project collapse when I wake up? You will no longer be bothered by security concerns after using SuperSwap. All the code of SuperSwap are Ethereum smart contract based, open to everyone and governed by the vote of the community. Community vote will take place in future asset listing, development, token economy and etc. So, from now one, sleep tight and start to earn profit while you are dreaming.
All you need to know before mining SuperTokensSpecial days ?A special bonus is set for a special days like: New Year, Chrismas Day, and others… you can find a full list from here:
https://en.unesco.org/commemorations/international-daysAnd you know what ? The community can decide to set a new special day depends on the event (China New Year, Black Friday etc.).
Charity Days ?What if a small part of your rewards will be reserved for a charity organization voted by the community on a specific day and with the defined percentage (10% by default — editable) ? It’s SUPER COOL no ? This can be done easily with SuperSwap ! Our smart contracts has a feature to add new Special/Charity days with the help of the community votes and all this with a TimeLocked transaction, and everyone can monitor it before the execution 48 hours before ! So, you have all the necessary time to switch back to your favorite asset if you disagree with the decision (transaction) !
Can’t wait to start? Take a few more minutes to learn the details! Here are all the important phases:
Phase 1:Multiplier: x10, Duration: ~5 Days, Projected Supply: ~1,675,000
Phase 2:Multiplier: x5, Duration: ~10 Days, Projected Supply: ~337,500
Phase 3:Multiplier: x2, Duration: ~15 Days, Projected Supply: ~337,500
Phase 4:Multiplier: x1, Duration: ~30 Days, Projected Supply: ~10,000,000
Phase 5:Multiplier: x1, Duration: ~10 Months, Projected Supply: ~3,685,000
Estimated total volume: 16,035,000 SUPRUnlike SUSHI Token that has unlimited total volume, we set Supertoken a limited total volume to avoid dilution and maintain project sustainability.
In the 5th phase, only during the special/charity days that SuperTokens are mints, in normal days there is ZERO SuperTokens.
The projected supplies are based only on default special days included with the contract (check the full list above) for phase 5, and special bonus not calculated for the other phases, it was only an estimation … there will be a difference for sure when phase 5 ends (do not forget that the community can vote for additional special or charity days).
Important note: Special Days can match the first phases, a special bonus will be applied aswell for the multiplier itself (Let’s give an example: during the phase 2, we got a special day that comes just in ! Chrismas Day ! and during the phase 2 the multiplier bonus is X5, Special Day Bonus is set to x2 by default … as result, during the christmas day, the multiplier will be: x10).
SuperToken BurningSuperSwap follows the transaction fee distribution of SushiSwap, namely 0.25% goes directly to the active liquidity providers, while the remaining 0.05% gets converted back to SUPR (obviously through SuperSwap). 30% of the remaining 0.05 % will be burned and the rest 70 % will be distributed to all SUPR holders.
Project FundsDeveloper funds are set to exactly 2% — Why “exactly” ? if you check other projects in the same category, you will notice they didn’t set a fixed and rounded percentage.
In other SushiSwap forks (SushiSwap included), you will notice that developers funds are mints independently from the rewards per block, which makes: 100 SUSHI + 10% (10 SUSHI) = 110 SUSHI per block that are mints in reality … but in our case, we takes charity fees and developers funds directly from the rewards.
Many other similar improvements already done on our project, you can use DiffChecker to compare our contracts with those of SushiSwap.
We are not just another fork ! WE ARE A SUPER FORK !!!
What is next ?We aim to invest more of our time on this project and bring something particulary new to the crypto space ! Building a unique decentralized exchange mobile oriented is on our TodoList with many other side projects, so save your SuperTokens… you got a powerful tokens there !
We can’t talk more about it, but you will like it for sure !
Essential InfoToken Name: Super Token
Token Ticker: SUPR
Token Address: 0xea2cDbDF1b91c2c74F8326593Cd0f541E720415a (RINKEBY)
GitHub:
https://github.com/supertoken/ (Contracts will be published when on Mainnet)
Discord:
https://discord.gg/GXJEdq5Hosted Interface:
https://superswap.org
Show Posts
