AMM has become a very important solution in DeFi with a various range of convenient features to give users better trading experiences. LuaSwap is the new swap protocol inspired by the previous AMM-based such as Uniswap and SushiSwap.
So, what is LuaSwap? What makes LuaSwap a successful AMM? Is LuaSwap a good investment? Follow this article below for a better understanding of LuaSwap & LUA Token!
- What is LuaSwap?
- What is LUA Token?
- How does LuaSwap work?
- Detailed information about LUA token
- LUA Token Price
- LUA Token Metrics
- LUA Token Allocation
- LUA Token Sale
- LUA Token Release Schedule
- LUA Token Use Cases
- How to get LUA Token
- How to buy LUA Token
- How to store LUA Token
- LuaSwap Exchange Roadmap
- Team, Investors, and Partners
- Is LUA a good investment?
What is LuaSwap?
LuaSwap is an AMM-based decentralized exchange for token swaps. The protocol enables liquidity providers of certain pools on Uniswap to farm LUA tokens. Aiming to support smaller pools and not fight for liquidity with top tokens, LuaSwap will provide farmers with new opportunities.
Furthermore, the platform has gone through security audits by TomoChain unlike many of the risky DeFi food-themed clone tokens.
What is LUA Token?
LUA is the protocol’s governance token, holders will be able to decide on which tokens the platform supports, and on all future cross-chain development.
The LUA token will be given to Liquidity Providers (LPs) to incentivize them to stay with the protocol. Holding the LUA token means holding a share in the governance of the protocol. All LUA token holders can decide the subsequent chains to implement on how much LUA is to be distributed to LPs in the new chain, which new token projects LuaSwap should support, etc.
How does LuaSwap work?
LuaSwap is announced to be released as an improvisation of swap protocols such as Uniswap and SushiSwap. Being different from the rest of the AMM-based swap protocols, LuaSwap focuses on helping emerging tokens by supporting liquidity pools. Besides, the fair launch is pretty attractive as it requires no seed investment, founder’s fee, or pre-mine.
Additionally, LuaSwap, the TomoChain swap protocol is a community-governed multichain protocol and it might prove to be a game-changer for emerging tokens. Furthermore, the Liquidity Providers will receive LUA tokens as incentives for maintaining the liquidity pool.
LUA’s tokenomics is different from existing swap protocols. One who holds LUA will also hold a share in the LuaSwap governance protocol. Apart from that, the rewards are not only limited to early adopters. In fact, it also incentivizes LUA holders for participating in governance for a longer period of time.
In 2021, LuaSwap evolved from a simple AMM to a platform with several features such as AMM, Multi-chain IDO Launchpad (released on August 9, 2021), Staking, Farming, limit orders, and so on.
Detailed information about LUA token
LUA Token Price
Currently, you can see the LUA token price on Coin98 Markets right here: markets.coin98.com/currencies/lua-token
Coin98 Markets is a website where you can access extensive information about a project's Token Metrics as well as update real-time pricing. More information may be found on the projects' homepages and community pages, or you can filter the coins/tokens by Marketcap, Transaction volume, and so on.
LUA Token Metrics
- Token Name: Lua Token.
- Ticker: LUA.
- Blockchain: Ethereum.
- Token Standard: ERC-20.
- Contract: 0xb1f66997a5760428d3a87d68b90bfe0ae64121cc
- Token Type: Utility, Governance.
- Total Supply: 500,000,000 LUA.
- Circulating Supply: 103,937,757 LUA.
LUA Token Allocation
- Ethereum Yield Farming: 45%
- R&D, Yield Farming on Other Chain: 45%
- Team, Advisors, Treasury: 10%
LUA Token Sale
LUA Token Release Schedule
LUA Token Use Cases
LUA tokens are used to:
- Stake to receive transaction fees.
- Stake to participate in IDO on LuaStarter.
How to get LUA Token
Users can get LUA Token by:
- Staking LUA.
- Providing liquidity.
- Purchasing on exchanges.
How to buy LUA Token
Step 1: Connect Coin98 Extension Wallet.
Step 2: Search LUA.
Step 3: Adjust the amount you want to swap.
Step 4: Adjust the gas fee, then click Approve.
How to store LUA Token
You can store LUA Token on Coin98 Wallet with a few single steps as follows:
Step 1: Open Coin98 Wallet & click Receive on the home screen.
Step 2: Search LUA Token.
Step 3: Click on the correct result, copy the wallet address and send LUA to this address.
LuaSwap Exchange Roadmap
According to the provided information on April 26th, 2021, AMA, LuaSwap's next step is to develop its AMM on other Blockchains such as Solana, Binance Smart Chain, and others.
In addition, the project will provide a Future Swap enabling decentralized Margin trading.
Team, Investors, and Partners
LuaSwap is a product of the TomoChain team.
Is LUA a good investment?
LuaSwap is inspired by the leading swap protocols - TomoChain with a redesigned tokenomics and operation strategy, it overcomes the shortfalls of existing swap protocols. Despite all high expectations from users as well as developers, the following information might be helpful for you to see whether LUA is a good investment:
- LuaSwap is a multi-chain liquidity protocol - a huge improvement of swap protocols.
- LuaSwap is a community-governed multichain protocol and it might prove to be a game-changer for emerging tokens. LPs will receive the governance token as incentives.
- LuaSwap is audited by the leading audit and security firms QuantStamp and Certik.
- LUA’s tokenomics incentivizes LUA holders for participating in the governance of the protocol, attracting users in trading with LuaSwap.
Despite all of these outstanding features, LuaSwap’s market capitalization still stands at an average of approximately $8 million - a tiny number in comparison to Uniswap or SushiSwap. LuaSwap is highly expected to become one of the most promising swap protocols in the booming DeFi. So, whether it is a good investment or not, users do need to carefully follow and make a conscious decision based on their own considerations.
Hopefully, this article can effectively support users in understanding more about LuaSwap Exchange and LUA token. If there are any questions, please feel free to comment here and join our community for further discussions!