Uniswap, decentralized cross-chain swap protocol Anyswap will be launched on July 20

BlockBeats: Decentralised cross-chain swap protocol Anyswap has been officially announced to launch on July 20.

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Anyswap is a fully decentralized cross-chain exchange protocol based on Fusion DCRM technology with automatic pricing and liquidity systems. Anyswap enables the exchange of any token on any blockchain that USES ECDSA or EDDSA as the signature algorithm, including BTC, ETH, USDT, XRP, LTC, FSN, and so on.

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Anyswap architecture

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The Anyswap protocol supports the following features:

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- Decentralized cross-chain bridge: Users can deposit any currency into the agreement and cast wrapped tokens in a decentralized manner.

- Cross-chain exchange: Users can immediately exchange from one token to another.

- Programmed pricing and liquidity: Liquidity providers can add and withdraw liquidity from swap pairs. Programmed pricing systems are based on providing liquidity.

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Total supply and distribution of ANY

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The total supply of ANY is 100 million. No presale or IC0.

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The initial supply is 15 million, of which:

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The amount allocated to Communities and Ecosystems is 10 million ANY. The "Community and Ecosystem" funds will be used to develop the Anyswap community and will be managed by the Anyswap team.

ANY is used for "team initial liquidity". The "Team Initial Liquidity" fund and a certain amount of FSN will be added to the initial liquidity of Anyswap.

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The remaining $85 million ANY will be allocated to the block award; Allocated together with the fused network block, specifically as follows:

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-10 million ANY for "Cross-chain DCRM node reward". Cross-chain DCRM Node Reward "Funds will be used to motivate Anyswap Work Node (AWN) to provide stable and secure cross-chain services.

- $15 million ANY for "liquidity award." Liquidity Reward "Funds will be used to encourage liquidity providers to provide strong liquidity of transaction pairs such as BTC, ETH, USDT, XRP, LTC, FSN on Anyswap.

-15 million ANY for "team rewards." Team Award "funds will be used to motivate the Anyswap team and future team members.

-20 million ANY allocated to the shareholders of Anyswap.

-25 million ANY for "swaps and trades." The money will be used to motivate swap traders.

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The effect of ANY

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1. Voting increases the chain of support

2. Vote for Anyswap work node (AWN)

Vote on a proposal to change the governance rules

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How are tokens distributed

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85 million ANY will be locked in the smart contract code and distributed with the fusion chain block. Each fusion block will receive 8.5 ANY. There will be 10 million fusion blocks throughout the award period.

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Liquidity incentives are calculated on a base of 6,600 blocks. For every 6,600 blocks (approximately 24 hours), 9,900 ANY will be awarded based on the liquidity portion of each liquidity provider, which the system will calculate based on the minimum liquidity provided by each provider.

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Swaps and trading incentives are calculated in units of 100 blocks. For every 100 blocks, 250 ANY will be awarded to swap dealers. Each trader will be rewarded in proportion to his volume. If there are no swaps in the 100 blocks, 150 ANY will reward the liquidity provider and 100 ANY will reward the Work node (AWN) operator of Anyswap.

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The cross-chain DCRM node reward is calculated in 6,600 blocks (about 24 hours). For every 6,600 blocks, 6,600 ANY will be awarded to AWN runners. All 6,600 tokens will be awarded to liquidity providers prior to any AWN work node (AWN).

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Finally, the team will receive 9,900 ANY per 6,600 blocks. (This means that Anyswap will get 13200 ANY for every 6,600 blocks)

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Anyswap start

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Anyswap Trading platform (https://anyswap.exchange) will be launched at 20:00 on July 20, Beijing time.

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Trading on ANY/FSN will be activated immediately. At that time, 5 million ANY(team initial liquidity) and 100,000 FSN will be added to the trade pair, which means that the exchange rate will start at 1 ANY=0.02 FSN.

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Meanwhile, after Anyswap goes online, ANY, FSN, BTC, ETH, USDT, XRP, LTC will be activated in the test environment. The Anyswap team will continue to select more tokens or add them to Anyswap using ANY votes.

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The supported currencies in the test environment will be added in batches to the actual usage version. At the same time, an Anyswap work node election is organized, and the winning node will support these newly added tokens on the real-time version of Anyswap.

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cost

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Anyswap charges a fee of 0.4% per exchange, of which 0.3% is allocated to the liquidity provider and 0.1% to Anyswap.

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In addition, users who lock package assets across chains will be charged 0.1 percent. This fee is paid to the Anyswap work node that supports the specific chain and is used to pay the transaction costs on the corresponding chain.

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Text link:https://medium.com

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