Futureswap (FST) is a cryptocurrency and Dex DeFi platform that allows you to leverage up to 20x a trusted protocol with billions for its price execution, extremely low rates and reliability.
In this article, we will discuss:
What is Futureswap (FST) cryptocurrency?
FST is a governance token obtained through the use of Futureswap. It can be used in our system for voting and, in the future, discounts on commercial fees. Behind the scenes, the FST is a standard ERC-20 admin proxy token contract with Open Zepplin update capability and a snapshot token that can be created. There will be 100 million FST minted over 9 years, distributed to users, investors and staff.
Futureswap (FST) Token
The Futureswap Governance Token (FST) enables democratic governance of the Futureswap platform. Token holders set Futureswap's direction for the future. The distribution of FST is intentionally structured to ensure longevity and added value to the platform and gives its users total control. The development team believes that success comes from being able to run the platform with a long-term vision and has repeatedly chosen a long-term strategy rather than short-term gain (eg, turning off alpha to ensure user safety ). Futureswap's aspiration is to become the best execution environment for perpetuals on any asset. Our community is the key to achieving this goal.
FST allows community members to express their opinions openly, allowing them to create proposals to bring to life the best ideas that will serve the platform in the long term. The supply of FST is limited to 100 million tokens, which will be minted over the next nine years. Here is our Futureswap Token (FST) release schedule.
Trading Fees
There are three types of commercial fees:
- close the deal: All closed trades have a fixed trading fee of 0,1%.
- Balancing Open Trade: A trade that is taking the less popular side based on volume. This means that if there are 5.000 ETH bought and 4.800 ETH sold, up to 200 ETH sold, it would receive a lower trading fee of 0,1125% because it is balancing (or arbitrating the interest outstanding).
- Unbalancing open trade: a trade that is taking on the more popular side based on volume. This means that if there are 5.100 ETH bought and 5.000 ETH sold, up to 100 ETH bought would receive a higher trading fee of 0,225% because it is balancing (or arbitraging the open interest).
Liquidity Futureswap (FST) DeFi
Providing liquidity in Futureswap is not risk free. Futureswap has been audited for over 10 weeks by industry leading companies such as OpenZeppelin and Trail of Bits. This does not mean that there are no exploits in code or economically. Futureswap is in Beta and is experimental and users should make their own risk assessment.
Futureswap Liquidity Providers [LP] deposit equal and stable asset values and these assets will remain relatively balanced on a value basis during market changes. This means that LPs can have impermanent losses.
Futureswap allows trades to take place even when there is no opposite trade to cover the exposure. Liquidity providers will lose out if the exposed position is profitable. There are several mechanisms in place to incentivize liquidity providers against this risk, including the Funding Rate and the Market Price Scale.
Adding Liquidity
To add liquidity, it is necessary to deposit an equivalent amount of the Active and Stable tokens from the portfolio into the associated FX contract of the ERC20 token. There is a voteable entry fee of 0,1% given to existing LPs. Futureswap aims to have long term capital provided for liquidity as this provides the most stable trading experience.
Removing Liquidity
To remove liquidity from a Futureswap exchange, you will need to sign a withdrawal message on the Pool page. Withdrawal requires that the amount is not currently being used for trading. It takes the available liquidity balance from the tokens in the pool and then multiplies it by how many of the liquidity tokens you have.
Since Futureswap aims to have long-term capital provided for liquidity and to mitigate liquidity outflow attacks, liquidity providers will participate in open losses but not open profit. This means that if there are significant positive and negative trades, withdrawing liquidity will only yield the LP that exits the loss of the currently open trades and not the profit.
This could result in a loss for providing short-term liquidity.
Where to buy Futureswap (FST) Token?
It is currently possible to find the cryptocurrency on the Exchanges listed below:
- Uniswap (V2)
- Global MEXC
- Gate.io
Futureswap (FST) Token Price Forecast
At the time of publication of this article, Futureswap is trading at $12,84 in terms of its dollar rate, with a price change of 0,27% in the last hour.
According to the Digital Coin a Futureswap price forecast in 2027 the FST price should cross an average price level of $130,66, the expected minimum Futureswap price value at the end of the current year should be $126,92, 156,98. Additionally, the FST can reach a maximum price level of $XNUMX. Even so, before making any investment, do your research.
