POSEISWAP : the first decentralized exchange on the Nautilus Chain (Zebec Protocol)

in #newlast year

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PoseiSwap is a decentralized trading technology that utilizes smart contracts and performs on the Layer 3 Nautilus Chain blockchain. The poseiswap offers a reliable and safe platform for trading cryptocurrencies. The scalable L3 Nautilus Chain, which resolves high gas fees and network congestion typical in other DEXs, is one of its primary advantages, enabling speedy, affordable transactions and anonymity. Users will be able to farm by staking LP tokens on the poseiswap platform and take part in governance features including proposing and voting for new pools as well as changing protocol parameters. They will also be able to swap tokens and provide liquidity to earn yield.

PoseiSwap utilizes the Nautilus Chain, a Layer 3 blockchain, to address speed and cost-effectiveness. The Nautilus Chain implements a modular rollup chain with a current throughput rate of over 2,000 TPS, which is significantly higher than that of other EVM chains. As Nautilus developers and PoseiSwap take advantage of Nautilus' modular nature to create an app-specific rollup, this number is anticipated to skyrocket. By enabling users to trade utilizing Nautilus Chain’s future zk-tech, PoseiSwap will ease customers' privacy concerns. Without having to announce their next move, traders will be able to swap and benefit. Anyone who desires more protection and privacy in their trading will find this to be a big benefit. By having an OFAC-compliant module and a permissions pool of assets, PoseiSwap will be in compliance with all laws.

PoseiSwap offers all users a secure environment where they can trade with confidence and without concern for upcoming regulation. As licensing and regulations start to take effect in the DeFi sector, this will become increasingly important.

Aim/object

PoseiSwap seeks to address the issues of excessive costs, a lack of privacy, and non-compliance that have afflicted other decentralized crypto exchanges by being quick, private, and compatible.

Platform’s features

  • Fast and affordable
  • Privacy
  • Complaint

Token details

The POSE token will power PoseiSwap and act as a utility token to empower both the ecosystem and its users. It will be the platform’s driving force.

Some uses of the POSE token

  • Staking: POSE token holders can lock their tokens into staking for a period of time ranging from 30 minutes to up to 4 years in order to obtain a POSE derivative token called sPOSE (staked POSE), which is used for voting and other governance activities.
  • Voting: The POSE token can be staked to produce sPOSE, which can then be used in the Poseiswap Ecosystem to vote on DAO proposals.
  • Yield farming: DeFi, especially DEXes, has always been supported by liquidity pools. These pools offer the resources required for the exchanges, swaps, and other products to operate at their best.
  • The Referral Program: The PoseiSwap Ecosystem has a way of rewarding devoted users who recommend PoseiSwap to their friends. Using their unique referral link, a referrer can profit from swaps, farms, and any other interactions with Poseiswap’s products.

Token distribution

  1. Team (20%)
    A fifth of the POSE token supply will be allocated to the team with 7-to-30 months of linear vesting, which means they will receive the same amount every month.
  2. Investors (3%)
    Of course, PoseiSwap would not have existed without the assistance of the people and companies who worked tirelessly to create the fastest, cheapest, and safest DEX on the Nautilus Chain. 2.5% of this 3% will be distributed over a 7-to-30-month of linear vesting. The final 0.5% will be distributed via a Token Generation Event (TGE).
  3. Validator Airdrop (7%)
    Zebec Protocol is one of the biggest partners and contributors to PoseiSwap. For this reason, we allocated 7% of PoseiSwap’s POSE token supply to the holders of the Zebec Node NFT. A Zebec Node NFT entitles its holder to ZBC rewards and the ability to run a Zebec Chain Validator Node later on. The early Zebec Node NFT holders will receive 0.35% (with 1-to-6 months of linear vesting), while the new ones will receive 1.05%. (1-to-24 months of linear vesting). The POSE tokens will be airdropped to their addresses, provided that they have met the conditions outlined here. The remaining 5.6% will be addressed later on.
  4. Public Sale (5%)
    There will be three tiers for the public sale of the POSE tokens:
  • Tier 1: 0.50% will be unlocked at TGE.
  • Tier 2: 2.50% — 7-to-18 months of linear vesting.
  • Tier 3: 2% — 13-to-36 months of linear vesting

5. Liquidity Mining (45%)
Certainly, DeFi and its DEXes would not exist without their very foundation, liquidity pools. The biggest portion of the POSE token supply will be reserved for liquidity mining incentives like rewards to encourage more people to put liquidity on the market, thereby balancing supply and demand and, thus, the price.

6. Ecosystem (20%)


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HOW TO SWAP AND ADD LIQUIDITY

1). Go to www.poseiswap.xyz and click on connect wallet.

2). Select Metamask.

3). You will see this pop-up box in MetaMask and approve it to add the Triton testnet network to your wallet.

4). To get testnet tokens, you will need to visit the Nautilus Triton Testnet Faucet website :
https://docs.google.com/forms/d/e/1FAIpQLSffkOpZBR5lBX39pD55CJ13kIY5Lr2vmVSdtzPe_L81Y1_yDQ/viewform
*Enter your EVM address in the box and claim all test tokens.

5). Now go back to www.poseiswap.xyz and in the swap tab, do a few swaps.

6). In the liquidity tab, try adding and removing liquidity.




END

PoseiSwap uses the power of decentralized technology to improve the most promising area of finance in order to provide the most secure, quick, and reliable financial system for the future of the modern economy. PoseiSwap advanced DeFi services open the door for financial growth and prospects that pay off extraordinary benefits, and a straightforward transaction no longer demands spending a day at a bank or other financial institution.

#POSEISWAP $POSE #DEX ##NAUTILUS #EXCHANGE

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