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Valger Sofia

Cryptocurrency economist
Joined January 2022
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MoraSwapMoraSwap was edited byValger Sofia profile picture
Valger Sofia
June 3, 2022 12:47 pm
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MoraSwap

The #1 AMM on Solana's Neon EVM

MoraSwap is one of the youngest but already successful projects on the Neon EVM platform.

Article  (+2637 characters)

MoraSwap's primary mission is to provide liquidity to the entire Neon ecosystem. In other words, it plays the role of a bank that accumulates money from investors, offering in return a reward for using their money. The money received is used to exchange digital assets of project users.

To attract investors, the project offers three ways of passive income:

  1. Become a liquidity provider. By depositing his money into the liquidity pool, the investor receives in return a percentage that is accrued to him depending on the amount of money deposited and the frequency of using the liquidity pool itself. This is a pretty standard way to get paid without doing anything.
  2. Earn on a yield farm. Here, the investor initially invests money in a liquidity pool, receiving special tokens in return. And then freeze them in a yield farm. This allows you to increase the amount of payout interest, but does not allow you to withdraw money at any time. This is done in order to remove restrictions on the liquidity pool itself - after all, at any time, investors may want to return their money, which creates a constant threat of pool bankruptcy (especially in situations where large fluctuations in cryptocurrency rates begin). Therefore, by freezing your tokens for a certain time, a certain security is created for the pool.
  3. Staking. This type of earnings is traditional for those decentralized crypto projects that have abandoned mining. The main task of staking is to protect the internal cryptocurrency from excessive volatility. Another important function is to protect the project itself from bankruptcy - on a wave of panic, investors can rush to massively sell tokens, which collapses the course and destroys the project itself. Therefore, developers propose staking as a way to protect against these threats. To do this, the investor needs to purchase MoraSwap tokens and freeze them. In return, interest is charged.

Thus, the MoraSwap project was able to attract a large number of new investors - the market capitalization has already exceeded $6.4 million. The size of the frozen funds is smaller - only 109 thousand dollars.

The project would not exist without the Neon EVM platform, which offered a cross-chain solution for dapp developers who can now access the benefits of the Ethereum and Solana blockchains.

The Neon EVM platform uses the power of Ethereum to build applications and provides financial liquidity through Solana. This solves a whole series of problems, such as versatility of use, low fees, large liquidity, and high transaction speeds. At the same time, old projects can also be easily integrated on the new Neon platform.

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Valger Sofia
"Edit from table cell"
June 3, 2022 12:45 pm
Infobox
Product parent company
WeTrust
WeTrust
Product parent company
MoraSwap
MoraSwap
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Valger Sofia
February 24, 2022 3:22 pm
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On launchpads, projects are sponsored by ordinary users, not by professional investors or funds. In return for investing funds, sponsors receive guaranteed allocations for ICO - a certain percentage of digital coins that they can buy. The main disadvantage is the conditions - to get good allocations, you need to invest $10,000 or more.

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  • To start, you need a capital of $100. This is enough to buy some types of tokens. In case of success and development of the project, the price of tokens can subsequently grow by 10-40 times.
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Tokenised securities
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Valger Sofia
February 24, 2022 3:11 pm
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TGE
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Valger Sofia
February 24, 2022 3:09 pm
Cryptocurrency exchangeCryptocurrency exchange was edited byValger Sofia profile picture
Valger Sofia
February 24, 2022 3:08 pm
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Valger Sofia
February 24, 2022 3:07 pm
Initial Coin Offering (ICO)Initial Coin Offering (ICO) was edited byValger Sofia profile picture
Valger Sofia
February 24, 2022 3:06 pm
Article  (+164 characters)
  • ICOs also help build communities around the crypto project. This allows you to find like-minded people who will further help the project develop.
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  • After the ICO is held, the project itself can change the conditions: postpone previously published release dates, change tokenomics, change the working conditions of the project, or even completely modify the project itself.
Initial Coin Offering (ICO)Initial Coin Offering (ICO) was edited byValger Sofia profile picture
Valger Sofia
February 22, 2022 11:49 am
Article  (+205 characters)
  • After the ICO is held, the project itself can change the conditions: postpone previously published release dates, change the working conditions of the project, or even completely modify the project itself.
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Valger Sofia
February 4, 2022 1:25 pm
Article
  • Binance Launchpad. The platform helps projects with consultations, advertising, and in some cases, financing.
  • Polkstarter. More than 200 thousand investors have already registered on this platform. However, the barrier to entry is very high. If you have 120 thousand dollars, you will receive early access to allocations for new projects.
  • Duckstarter. Quite young, but the promising site opened in early 2021.
  • Trustswap. This platform has good protection against arbitrary sales and fraud. Valid from 2020.
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Valger Sofia
February 4, 2022 1:20 pm
Article  (+1607 characters)
Pros and cons
Pros
  • Smart contracts. Most projects work on smart contracts, which avoids some types of fraud and guarantees investors to receive tokens in return for their money.
  • Examination. Most launchpads try to check before placing the project on their site. It also reduces the rate of fraud.
  • You can purchase tokens at reduced prices - on the listing, tokens are traded more expensively.
  • Launchpads allow you to create marketing campaigns, creating the first community around you.
Cons
  • To get a good return, you need to invest a lot of money
  • Different venues have different rules. Some of them give a certain time to purchase allocations, while others give preference to older users.
  • Purchased tokens sent to staking cannot be returned within a certain time. During this time, the value of the token itself can both rise and fall. Either way, you won't be able to use it.
What is required to participate:
  1. Create your own crypto wallet and have funds on it
  2. Purchase launchpad tokens of your choice (they must be stored in the wallet)
  3. Start staking tokens
  4. Participate in buying or winning allocations
Main launchpad:
  • Binance Launchpad. The platform helps projects with consultations, advertising, and in some cases, financing.
  • Polkstarter. More than 200 thousand investors have already registered on this platform. However, the barrier to entry is very high. If you have 120 thousand dollars, you will receive early access to allocations for new projects.
  • Duckstarter. Quite young, but the promising site opened in early 2021.
  • Trustswap. This platform has good protection against arbitrary sales and fraud. Valid from 2020.
Initial Coin Offering (ICO)Initial Coin Offering (ICO) was edited byValger Sofia profile picture
Valger Sofia
February 1, 2022 9:26 am
Article  (+846 characters)
In the World:
PayPal

The fintech gigant confirmed its plans to ICO its own stablecoin. The name this project is PayPal coin. It pegged to the US dollar currency exchange rate.

"Developer Steve Moser was the first to detect the development of an in-house digital coin in the source code of PayPal's iPhone app. Later, Jose Fernandez da Ponte, PayPal's senior vice president of crypto and digital currencies, confirmed the developer's assumptions. Earlier, the company had already launched a number of features that allow users to buy, store and exchange some digital coins".

Acala

DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction. Unlike typical crowdfunding rounds, Acala's financing mechanism is a crowdloan, which means it will eventually need to pay back the "crypto debt" it has solicited from investors.

Initial Coin Offering (ICO)Initial Coin Offering (ICO) was edited byValger Sofia profile picture
Valger Sofia
January 28, 2022 11:32 am
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Initial Coin Offering (ICO)

An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency.

Initial Coin Offering (ICO) is a way to attract investment in a crypto project by selling tokens (digital assets). The method was copied from the procedure for the initial public offering (IPO), but adjusted for the digital sphere.

Article  (+892 characters)
History
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Pro and Cons
Pro
  • A way to get funding for your crypto project. Some of the most promising projects from the point of view of investors receive funding for tens and millions of dollars.
  • A way to involve people in the process of developing a crypto project. If no one uses the product of the development team, then the chances of growing into a large company are very small.
Cons
  • Lack of legislative regulation. Each project can hold an ICO at any stage of its project: ideas, MVP, market expansion. Thus, many investors invest money without realizing that the profit can only come in a few years.
  • Fraud. On the Internet, it is not uncommon for a project to be promoted due to a competent advertising campaign, and after investing money in it, it is closed. So, for example, the creators of the NFT Frosties series of pictures disappeared along with $ 1.3 million they received from investors.