DinoSwap is a multi-chain infrastructure project that creates liquidity for tier one blockchains, AMMs and partnership projects. The ultimate goal of DinoSwap is to become the hub of cross-chain liquidity by leveraging the liquidity of many blockchains and then merging them into one centralized platform.
In this article, we will discuss:
What is DinoSwap (DINO)?
DinoSwap is a decentralized Polygon network (DEX) based cross-chain protocol that rivals PancakeSwap and other automated market makers. DEX allows users to use the DINO token to earn various tokens from projects operating on Polygon. Some of DinoSwap's main investors include DeFinance, Hashed, Spartan Group, DFG and Polygon co-founder Sandeep Nailwal.
The goal of DinoSwap is to allow users of any blockchain benefit from greater liquidity by leveraging the linked liquidity of several other blockchains, thus becoming a centralized hub for cross-chain liquidity. This can be done by creating liquidity for layer-one blockchains, AMMs (Automated Market Makers), and partner projects.
The first blockchain that DinoSwap started with is Polygon due to its high liquidity environment and extremely low transaction cost. By leveraging the strength of Polygon, DinoSwap can help cryptocurrency projects increase their token liquidity.
How does DinoSwap (DINO) work?
DinoSwap is a simple way to exchange one token for another, utilizing the liquidity pools of Polygon's leading decentralized exchanges. Currently DinoSwap works with the following products:
DinoSwap Exchange
DinoSwap's main focus is a DEX that does not have its own Automated Market Maker (AMM) and instead interacts directly with third-party liquidity pools of the top DEXs on Polygon. On DinoSwap, users can exchange ERC20 tokens, and one of the features that makes DinoSwap unique is that it does not charge additional fees on exchanges.
Yield Farming (aka DinoSwap Fossil Farms)
Following the dinosaur theme, DinoSwap Fossil Farms are where users can earn DINO by staking their LP tokens from SushiSwap, QuickSwap, and Dfyn.
Staking
Jurassic Pools
This is a no-burn pool where users can bet their DINO and earn more tokens from partnership projects. Furthermore, users can still withdraw or deposit DINO without additional fees, time locks or burns.
Extinction Pools
Extinction Pools are burn pools where the deposited DINO is burnt when all rewards are distributed. Users can stake their DINO tokens to earn more tokens from other partners over a period of time. This allows projects to issue tokens to a global community of Degen Dinos, which increases the wallet holder count, increases project awareness, and initiates initial market liquidity.
Participating projects are advertised through the official DinoSwap social media platforms and receive cross-promotional benefits, and these projects will also populate the standard list of DinoSwap tokens without needing to look up the contract address.
tar pits
Users can bet DINO on Tar Pit to earn more DINO tokens. Entering these pools requires an adjustable time lock on the DINO wagered, but longer locks mean greater rewards.
DINO token
The DINO token is DinoSwap's native token in the ERC – 20 standard and is used to obtain other tokens from projects in partnership with DinoSwap. The DINO token does not have a hard cap, but it has a burning mechanism to prevent inflation and ensure the healthy development of the ecosystem.
The DINO token at the moment has two different uses: DINO is currently used to farm yDINO, a governance token that will be part of a complete ecosystem, betting DINO and BNB on Tenet. DINO provides passive income to its users and holders through 1% redistribution applied to each transaction Note: Will be used in the near future as the core currency used in this currently developing ecosystem where artists and collectors can buy and sell digital art goods using the DINO token.
Distribution of DINO tokens
65 million DINO tokens were distributed at launch as follows:
- 65% – Farming Rewards (launch of the Fair).
- 5,6% – Treasury.
- 14,4% – Team (dressed in 12 months, linearly, per block).
- 15% – Investors and Consultants (vested in 12 months, linearly, per block)
After the outbreak of the first 65 million DINO, new tokens will be created on demand. For every 10 DINOs created, an extra DINO will be allocated to the DinoSwap Treasury to support other protocol growth initiatives.
DinoSwap (DINO) Price Forecast?
DinoSwap price is predicted to reach a high level of $0.1003 throughout 2022.
As early as 2023 according to our crypto price prediction index, DinoSwap (DINO) may reach a maximum level of $0.1930, with the average trading price of $0.1435.
In 2025 according to our crypto price prediction index, DINO is expected to cross an average price level of $0.2327. The expected minimum value of the DinoSwap price at the end of the current year should be $0.2149. Furthermore, DINO can reach a maximum price level of $0.2372.
Where to buy the DINO token?
DINO cryptocurrency can be traded on the following exchanges:
- KuCoin
- Hotbit
- Quick Swap
- SushiSwap (Polygon)
Conclusion
DinoSwap ran a highly successful fundraising campaign prior to its launch and is even supported by Polygon's own co-founder, indicating great confidence in the project. DEX also successfully completed three Certik smart contract audits and received a “low risk” rating from the Rug Doctor. DinoSwap is already the 7th most popular dApp on Polygon in less than 2 weeks since its official launch.
