Symmetric

Symmetric is an Automated Market Maker (AMM) and a Decentralized Exchange (DEX), running on the Celo and Gnosis networks. Symmetric’s roadmap includes further development of use-cases (such as a launchpad, crypto index funds, crypto ETFs & ESG funds) and support for more networks in the future.

Symmetric is noncustodial, which means that users remain in control and are responsible for the crypto assets they stake, add or swap. Symmetric provides the infrastructure for staking, liquidity mining and token swaps but does not control or take possession  of any crypto assets or tokens transacted by users (they remain locked in smart contracts). We strongly recommend and encourage that all users complete thorough research and due diligence before adding any liquidity or executing any token swaps.

‘SYMM’ is the ticker or symbol, for the Symmetric governance token. The token’s utility is to entitle token holders to participate in the governance of Symmetric and its ecosystem.SYMM coins are issued as a reward to liquidity providers (in addition to their share of any applicable fees) & stakeholders adding value to the Symmetric ecosystem.It is important to note that the Symmetric governance token is not a cryptocurrency and as such has no monetary value, it only represents voting rights for governance of the Symmetric pools, decentralised exchange (DEX) and ecosystem.

Symmetric’s governance token, or ‘SYMMs’ can be acquired through token swaps, completing pre-specified tasks on GitHub, liquidity mining and other value-adding activities.Liquidity providers earn SYMM coins by staking coins or adding liquidity to pools or creating their own pools of whitelisted tokens.Community members earn SYMM coins by actively working on the Symmetric product such as development work, bug bounties, events, marketing and community building.The operations team earns SYMM tokens by actively supporting the Symmetric ecosystem; including ongoing development work, management and day to day operations.Some SYMM coins are also converted each week into other coins that are held in the Symmetric risk fund as ‘collateralized protection’ for liquidity providers.