An introduce about GUM Swap — GUM Farm
GUM Swap is our easy-to-use swap protocol, with a design inspired by famous AMM-based swap protocols such as Uniswap and SushiSwap. Using GUM Swap, users can easily swap between GUM and other digital assets. At the moment, GUM Swap supports USDT, ETH, DOT, and there are plans to expand the list in the future.
Under the easy-to-use surface, GUMSwap has its own formula to avoid the shortcomings of other swap systems and achieve the purpose of our platform.
GUM Swap is currently in development, users can use UNISWAP to swap USDT into GUM tokens later.
GUM Farm is our Yield Farming platform, where users can provide Liquidity in exchange for GUM. The farming formula for GUM Farm can be found below.
The Liquidity Farming for GUM tokens will open in Q1 2021 until the Total Supply is fully unlocked.
There is a total of 9,950,000 GUM (49.75% of Total Token Supply) available for Liquidity Farming, with the total daily blocks being 6.500 blocks per day. The reward for each block will be fixed at 1 GUM/block.
There will be several pools available for Liquidity Farming, the farming formula for counting is:
APY = (B*p*365)/y
where B — average daily block.
p = GUM Price
y = Total Asset Value in pool
GUM Farm and GUM Swap are currently being developed by us. We hope to launch at the same time with lots of good news to the community.
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