What is MakiSwap (MAKI) | What is MakiSwap token | What is MAKI token
In this article, we’ll discuss information about the MakiSwap project and MAKI token
What is MakiSwap?
MakiSwap is an AMM and Yield Farming platform built on Huobi Eco Chain (HECO) and part of the growing UniLayer Ecosystem. MakiSwap was developed by the Unilayer team as a foundation, laying down this foundation is essential for Blockchain Interoperability between Ethereum and HECO, MakiSwap will make things easier to seamlessly integrate all of the UniLayer DeFi tools on HECO!
Here are the most popular UniLayer DeFi tools coming to HECO & MakiSwap:
- Limit Orders
- UniLayer Launchpad
- Charts and Analytics
- DEX Aggregator
- Order books
All these trading tools powered by Unilayer will be natively integrated within the MakiSwap platform, making it the first AMM to have a more robust trading experience for both experienced and new traders.
MakiSwap Liquidity Provider Incentives
What are some of the benefits for Liquidity Providers on MakiSwap?
It’s easy to become to a Liquidity Provider on MakiSwap, simply add liquidity into a pool and earn rewards in the form of MAKI tokens. However, unlike Uniswap or other protocols those MAKI tokens will also allow you to earn a portion of the protocol’s fee, accumulated in MAKI, even if you decide that you no longer want to participate in the liquidity provision. As an early adopter to help provider liquidity, you become a significant stakeholder of the protocol.
The rewards you will receive from staking will be proportional to the amount of LP tokens you have staked against the total amount of LP tokens staked.
MakiSwap will be launching on HECO with the following pools:
HT/MAKI
LAYER/MAKI
Why Build on HECO?
Huobi Global is one of the largest digital asset exchange by liquidity and real-trading volume. Trusted by users in over 100 countries around the world, we see a HUGE potential on expanding UniLayer to HECO and becoming a multi-chain project.
Building on HECO is something that will benefit the UniLayer holders in a unthinkable way by letting users trade, swap, invest and easily earn yield on Huobi Eco Chain. All of this can be done with much cheaper gas fees than on Ethereum.
UniLayer will build a bridge between Ethereum and HECO to allow easy swaps between blockchains for LAYER token holders.
MakiSwap Tokenomics will be announced before the launch on HECO Mainnet
How do I claim the MAKI airdrop?
We will be adding a CLAIM button on the MakiSwap website, where you will be able to claim MAKI tokens if you meet the following requirements:
- You must hold a minimum of 500 LAYER tokens at the time of the snapshot to qualify for the MakiSwap airdrop.
- You must hold your LAYER tokens on your Metamask wallet (ETH or BSC) or any other self custody wallet, hardware wallet where you have full control of your private key(All Exchanges addresses are excluded from this airdrop) and also if you are staking your LAYER you’re also eligible to claim the MAKI airdrop as long as you were staking more than 500 LAYER at the time of the snapshot
- The snapshot will take place on May 2, 2021 @ 5:00PM ET (NY TIME)
What is the rate per LAYER token for the MAKI airdrop?
Everyone that is a LAYER holder or a Staker will be able to claim at the following rate:
1 LAYER = 0.25 MAKI
For example: If you have 1000 LAYER tokens then you will be able to claim 250 MAKI tokens, **the more LAYER tokens you hold **before the Snapshot date the more MAKI you can claim.
Dev wallets are excluded from this airdrop, MAKI tokens can only be claimed with the circulating supply for LAYER:
20,022,298 LAYER (circulating) * 0.25 =** 5,005,574 MAKI **to be claimed
The MAKI Tokenomics will be revealed in a few days from now right before the MakiSwap v1 Public launch along with the VC list and more cool news!
You MUST claim your MAKI tokens before 6 months after the airdrop is LIVE otherwise the claim function will expire. MAKI will be able be claimed in the month of June — Claim date To be Announced
Stay calm and eat MAKI
World Tuna Day MakiSwap NFT
To celebrate the Snapshot date for the MakiSwap airdrop we will be releasing a new NFT “World Tuna Day” on May 2nd, this will be our Second limited edition Unilayer NFT. All current owners of the first edition NFT “Unilayer Dragon” will get this MakiSwap NFT for FREE!
- There are only 100 of them 42 will be given away to the current Unilayer Dragon NFT holders (airdrop will happen after the MakiSwap NFT sale on rarible)
- The other 58 NFTs will go on sale for 1 ETH each on rarible.com
- The **“World Tuna Day” **NFT will have added utility that will be announced later in the Month of May! So keep your eyes open :)
How and Where to Buy MakiSwap (MAKI) ?
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
After the deposit is confirmed you may then purchase MAKI from the exchange: https://exchange.makiswap.com
Find more information MAKI
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🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
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