In Short:Crosschain-DEX with its own liquidity pools
Governance token (Mochi) rewards stakers with 1/3 of trading fees
Currently deployed on BSC and being tested on Harmony (it will be first of its kind there)
$400k map, 4c token price (ATH was 90c at the beginning of farming)
14m circulating supply, 100m total supply (to be reached in 5 years)
Currently in a 25x lp farming period, ends in 2 days
It's running & improving RAPIDLY for 3 weeks already.
NO PRESALE.
In long:
Mochiswap is a crosschain-DEX with its own liquidity pools (not just an UI plugged into Pancakeswap or Uniswap as it's popular these days), which is currently running on Binance Smart Chain, and being tested on Harmony ONE. Its governance token "Mochi" will reward stakers with 1/3 of the trading fees and can be farmed by providing liquidity to the DEX. The Coingecko listing is underway.
Who is developing it?A team led by Hashparty, a Harmony ONE validator with $500k worth of ONE staked to it.
What’s Harmony ONE?Up & coming Low cost high TPS blockchain with Ex Amazon, Microsoft & Google devs. They are fully compatible with EVM & ETH tools, and enable scaling of ETH applications via trustless bridge. At currently close to $300m mcap, they are focussing on growing the ecosystem by attracting devs & projects. Rest assured they will market their first DEX, developed by one of their validators, when all things are in place.
Why is that such a big deal?Mochiswap is going to be the first of its kind on Harmony ONE & the Team is headed by a reputable Dev (remember, Hashparty is a big validator on ONE). First movers in general did well (Think of Uniswap on ETH & Pancakeswap on BSC). Being deployed on BSC & utilizing bridges it is aiming to directly compete with the big guns Uni & pancake, leveraging cross-chain liquidity pools.
Liquidity provider can farm mochi tokens and then stake the earned tokens to earn from the trading fees. 1/3 of the fees are paid out to Mochi stakers, the other 2/3 are paid out to liquidity providers.
The token is hovering close to $340k MarketCap, at just over 3cent per Mochi (ATH at the beginning of farming was 90c). Currently, the liquidity farmers have a 25x bonus period that will end at about 15.5m supply, which will be in just under a week. The current supply is about 11m and the max supply is 100m, which is finite and will be reached in about 5 years.
The main competitors Mochiswap aims to take on are Uniswap & Pancakeswap. Using the harmony-ETH bridge, Mochi will offer a much faster & cheaper alternative to UNI (With 2 second finality & fractions of a cent in tx cost).
Uniswap is currently valued at over $8bn, that's a 22.000x from Mochiswap's $360k market cap. They just have to capture a fraction of the volume to be the investment of a lifetime. But till the full ONE dex is in place it'll take a while, for now Pancakeswap on BSC is a more direct competitor, which they will tackle with competitive fees and lucrative staking rewards. Pancakeswap is valued at $1.6bn, that's 4.444x from the current Mcap. Again, just a fraction of it and...
DYOR!
https://mochiswap.io/https://web.telegram.org/#/im?p=@mochiswaphttps://mochiswap.medium.com/introducing-mochiswap-mochi-governance-token-and-bsc-yield-farming-pools-a00052c46104https://twitter.com/mochiswap/https://twitter.com/0xhashparty - main developer twitter
Some info on staking.I've placed $700 worth of 8000 Mochi & 2 Apesox into one of the pools - got $70 daily gains. This is on current multiplier. Ask on telegram for details.
Some graphs:$Mochi
https://goswapp-bsc.web.app/0x055daB90880613a556a5ae2903B2682f8A5b8d27$Apesox
https://goswapp-bsc.web.app/0x9e18336E7Fe1824023376B2d73E15f3cF49B4B1aI suggest to check telegram for more info BEFORE doing anything.
