DUBAI, United Arab Emirates, June 04, 2021 (GLOBE NEWSWIRE) – EmiSwap, the first decentralized community-managed (DEX) exchange with gamified NFT mechanisms to pay 10X benefits to liquidity providers (LPs) and reimburse costs of gas – announced today successfully raising $ 1.38 million in a 6-fold oversubscribed private fundraiser led by top crypto leaders. EmiSwap is the first project in the EmiDAO ecosystem, a Decentralized Autonomous Organization (DAO) augmented with $ ESW governance tokens that aim to create a complete solution for Decentralized Finance (DeFi). EmiSwap users profit from every transaction simply by owning ESW, thus obtaining instruments of financial independence.
“We didn’t choose a typical investment strategy like those that typically focus only on attracting big names instead of bringing value to investors. You won’t see big funds in our investment rounds. , we decided to choose the strategy of power distribution and allocation of funds to strategic private investors – ExNetwork Fund, Constantin Kogan, Managing Partner at Waves Financial and C Capital and Inclusion Crypto Fund and more; community leaders – Hermes Asian Community by example; influencers – Carl Moon, Boxmining and others; as well as liquidity providers who bring their expertise and network to help us launch the rocket and continue to be successful in the long term. “
Grigory Rybalchenko, co-founder of Emiswap
DeFi has had a tough few weeks, but despite losing $ 21 billion, DEX-based swap volumes remain high, while Ethereum transaction costs continue to rise. Competing DEXs in the DeFi arena have a predisposition to target only one feature, such as primarily liquidity pool expansions and incentives for LPs or capital efficiency with concentrated liquidity functionality allowing users to deposit money according to unique price curves. To enhance the investor user experience and deliver on its promise to be the most rewarding DEX on the market, EmiSwap offers a feature set while rewarding LPs and swappers for all meaningful interactions and trades.
EmiSwap offers its users a variety of unique features, such as high returns for LPs and swappers, 100% return on ETH gas fees with ESW governance tokens, scalable DAO platform, compatibility cross-blockchain, multi-blockchain interoperability and an advanced referral program. EmiSwap also intends to develop gamified NFT mechanisms for its unique utility NFT cards in the third quarter of 2021. NFT Magic Cards can be used to optimize revenue, be auctioned in markets and used as playable items in contests. cool ones like Card Wars, a tournament inspired by the popular card games Magic: The Gathering and HearthStone, which are slated to launch in Q4 2021.
EmiSwap is the first project of the EmiDAO alliance and its members, who are all actively involved in the management and support of the product, include Alpha Sigma Capital: A leading cryptocurrency exchange in terms of transaction volume and liquidity; DigiFinex Exchange: an exchange with over 300 listed cryptocurrencies and 2.1 million users worldwide; Bitmart Exchange: The first decentralized financial project in which all income is distributed to stakeholders; Emirex Exchange: an all-in-one, open-source white-label exchange solution that allows anyone to run a complete crypto trading platform; HollaEx Exchange: A Hong Kong-based cryptocurrency and financial services exchange company that works in media, social media, mining, digital asset management, markets, and research; IDCM Exchange: an exchange harnessing the power of blockchain and financial innovation, and Everest Group: a global banking platform that integrates eKYC, AML, whitelist as a service and fiat entry / exit ramps.
Please visit EmiSwap official website or support for more information.
EmiSwap (https://emiswap.com) is the first decentralized community governed exchange (DEX) that offers high rewards to liquidity providers (LPs) and offers 100% compensation for Ethereum transaction fees in $ ESW governance tokens. EmiSwap is a Decentralized Autonomous Organization (DAO) in which holders of $ ESW tokens vote to govern the development of the platform. Participants will be rewarded daily based on their trade volume and will have exclusive opportunities to collect EmiSwap Limited Edition NFT Cards.
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