What is NiubiSwap (NIU) | What is NiubiSwap token | What is NIU token
About Niubi Swap
Niubiswap is a decentralized exchange (DEX) which runs on Binance Smart Chain, it uses the same automated market-making (AMM) model as Uniswap (ETH) and more recently with Pancakeswap (BSC), and features a native governance token called NIU that is fully community distributed and is capable of trading all tokens issued on Ethereum (ERC-20) and Binance Smart Chain.
Niubiswap is mainly built by and for Chinese and Asian communities focusing on the mission of developing and giving access to the best DeFi services for Asian countries. (China, Korea, Vietnam, Japan and even Thailand…) the project is runned by a decentralized organization that belongs to its users. The tokens smart contracts were setup the first day of the Chinese New Year (Niu / Ox year) and the platform launch is planned exactly one week after. Audit is coming (CertiK)
The DeFi with diverse Yield Farming Swap protocols initially started on Ethereum with Uniswap, then Sushiswap, now leveraging the power of BSC with PancakeSwap and more recently with different forks (KebabFinance, PandaYield, etc.) is attracting a lot of users and liquidity.
As servant of trustless and highly decentralized financial infrastructure movement Niubiswap organization aim to commit the initial Ethereum’s vision, to the ideals of permissionless access, security, and immutability, all indispensable components for a future where anyone in the world can access financial services without fear of discrimination or counterparty risk. We want to achieve this in a P2P and decentralized way.
AMM DEX is a unique opportunity to build new decentralized and autonomous organizations with unique strategies and models. Niubiswap is experiencing one we think is the most solid design to achieve this goal.
In a crowded marketplace with multiple competitors, Niubi offers three critically important benefits: fast and cheap trades, community-driven development, and a fair and open token distribution.
We focus on building a playful DeFi ecosystem targeting Asian communities where everyone is welcomed, by proposing different services as a DEX and Yield Farming platform, you can farm Niubi token (NIU) by providing Liquidity, and also stack it for Hongbao Token (BAO) which rewards you with more NIU or other tokens like (CAKE/BUSD/BTCB/BNB/CAKE/ETH)and Polkadot in its core design and focus it with our investment fund. This choice will be rediscussed every month in the governance process using the Niubi token and snapshot decision-making platform. See Niubiswap Governance
Niubiswap tokenomics
As an AMM DEX on Binance Smart Chain, Niubiswap support all Binance Smart Chain tokens (BEP-20), and comes with two natives tokens, while supporting a bag of several project like Binance, Monero, Cosmos, Polkadot.
Hence our ecosystem tokens are :
- Binance ecosystem: BNB / BUSD / BTCB + All (BSC) BEP-20 tokens
- Niubiswap core: NIU (BEP-20 tokens)
- Investment fund support: ETH(Ethereum),BNB(Binance Coin),DOT(Polkadot)
On Niubiswap you can farm Niubi token (NIU) by providing Liquidity on the pools just on like any other Yield Farm, and also stack it in the HongBao Zone for Hongbao Token (BAO) which rewards you with more NIU or other tokens (CAKE/BUSD/BTCB/BNB/DOT/CAKE/ETH/EGG/BSCPAD) depending on the which Hongbao you decide to stake your Niubi tokens.
About 10% of minted tokens, go in the Niubi DAO Fund which will be governed by Niubiswap organization in a decentralized way, one month after launch. The first month, those funds will be invested by core founders, in (BNB/DOT/ATOM/BSCPAD), to fill the different Hongbao Pools, and reward Niubi’stakers.
Niubi Token (NIU)
More traction, more R&D, more risks, raising the question of transparency, governance, token economics, centralization. Niubiswap is focusing on solving those issues by-design with a decentralized and community-driven strategy. Featuring a native governance token called NIU that is fully community distributed, decisions will be taken by NIU holders in a DAO Gov platform, where are partnering with the famous Snapshot using weekly polls. See Niubiswap Governance
NIU Fair Distribution: A 100% Community-Driven Governance Token
To reinforce the project’s commitment to being created solely for the benefit of users, Niubiswap is following a fair launch model with its governance token (NIU). However, while NIU will enable all the governance activities of Niubiswap, and therefore its future development, governance proposals will not start until one months after the launch of Niubiswap. This waiting period of one month is to ensure that enough NIU is distributed to the community and that the Niubiswap foundations and governance model are setup correctly for decentralization.
AMM Dex and Niubiswap Exchange
AMM DEX
AMM DEX is a unique opportunity to build new decentralized and autonomous organizations with unique strategies and models. Niubiswap is experiencing one we think is the most solid design to achieve this goal.
For those who are unfamiliar with AMM’s, it allow people to trade their digital assets against liquidity pools. This is different from traditional markets that use an order book to match buyers and sellers. On AMM’s users can provide their funds once deposited, they become liquidity providers (LP) and get rewarded by the DEX token (Niubi Token) and shared fees/revenues on trades.
Niubiswap Exchange
On Niubi Exchange (AMM) you can swap/trade any token in a very simple way one BEP-20 token for another via automated liquidity pools.
The liquidity provided to the exchange comes from Liquidity Providers (“LPs”) who stake their tokens in “Pools”. In exchange, they get Niubiswap Liquidity Provider tokens (NIU-LP), which can also be staked to earn Niubi tokens (NIU) in the Niubi Zone.
AMM DEX fees
When you swap tokens on Niubi Exchange, you’ll be charged a fee of 0.30%. (of which 0.17% will go to Liquidity Providers (LPs), 0.03% to Treasury, and the remaining 0.1% will be converted to NIU tokens and burned (essentially every time you traded you would be contributing to burning more Niubi tokens. Higher trading vol = Higher burn).
The fee is distributed to liquidity providers proportional to their share of the pool they choosed in Niubi Zone
When liquidity providers decide to remove their liquidity from the pool, they receive transaction fees along with their contribution to the pool, and the liquidity token they received after adding liquidity to the pool is burned.
Niubi Governance
More traction, more R&D, more risks, raising the question of transparency, governance, token economics, centralization. Niubiswap is focusing on solving those issues by-design with a decentralized and community-driven strategy. Featuring a native governance token called NIU that is fully community distributed, decisions will be taken by NIU holders in a DAO Gov platform, where are partnering with the famous Snapshot using weekly polls.
NIU Fair Distribution: A 100% Community-Driven Governance Token
To reinforce the project’s commitment to being created solely for the benefit of users, Niubiswap is following a fair launch model with its governance token (NIU). However, while NIU will enable all the governance activities of Niubiswap, and therefore its future development, governance proposals will not start until one months after the launch of Niubiswap. This waiting period of one month is to ensure that enough NIU is distributed to the community and that the Niubiswap foundations and governance model are setup correctly for decentralization.
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How and Where to Buy NiubiSwap (NIU)?
NIU has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy NIU
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
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)
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
Since NIU is an altcoin we need to transfer our coins to an exchange that NIU can be traded. Below is a list of exchanges that offers to trade NIU in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase NIU from the exchange.
Exchange: PancakeSwap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once NIU gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
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Find more information NIU
☞ Website ☞ Website 2 ☞ Explorer ☞ Whitepaper ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
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