Background:

We have seen the NFT market grow at an exponential rate. And needs to be more innovation to push the limits of how about the NFT market and NFT + Defi as a whole. But the current space only has few products built around liquidity for NFT trading.

As we know, Sudoswap is a unique NFT platform in that it uses an automated market maker (AMM) to source and fund trades. LPs created different liquidity pairs on Sudoswap, to achieve instant liquidity for traders. and support Sudoswap to become a top tier protocol among Defi and NFT communities. But Sudoswap seems not to value their LPs a lot based on only 1.5% of Sudoswap Token supply air dropped to their LPs.

Based on the above, we start Swap721 to provide a better solution. Swap721 is communities oriented and believes in LP first. With Swap721, LPs can deposit into single-sided assets to pools, or provide both sides with a spread and custom price curve to earn Swap721 Token and capture trading fees.

The custom price curve is a combination of linear and exponential features. It's mutable since LPs can specify the key parameter setting for the price curve whenever LPs want to.Swap721 believes the better AMM solution should be customizable and not limited to fixed and rigid price curve only.

Different pools can provide different liquidity and price curve. they may compete to lower slippage and swapping fees.

Swap721 is also developing an original NFT LBP product for new NFT collections. and solve the price discovery problem in mint phase. we are also planning to build NFT derivatives products. These product will also powered by these customizable price curve.

Liquidity Farming:🚜

In the bootstrapping phase, LPs can create pools on Sudoswap first and stake their liquidity on Swap721, and retain trading fees on Sudoswap. We will offer LP mining rewards for 10 blue chip NFT projects as shown below.

1.Bored Ape Yacht Club

2.Mutant Ape Yacht Club

3.Bored Ape Kennel Club

4.Wrapped Cryptopunks

5.Azuki

6.Doodles

7.Moonbirds

8.CloneX

9.0xmons.xyz

10.******** (let’s guess)

To support more NFT collections mining, the community can vote using Swap721 token $721.

Token Economices

Swap721 has a governance token called $721, with total supply is 1 million.

$721 token holders can stake their $721 token to get $ve721. $ve721 token holders can not only earn staking rewards but also have the rights to vote for Swap721 governance, like supported liquidity mining for Sudoswap LPs, Liquidity Bootstrapping Pools (LBPs) features, and future NFT derivatives.

82.5% of the total supply will be utilized for liquidity mining rewards.

1% of the supply will be preminted and added to Uniswap swapping pair.

8.25% of the supply will be used to incentivize $ve721 token holders.

8.25% will be used for the Swap721 Auditing and Developing

No token is reserved for the team.

PEACE

Web: swap721.com

Twitter: @swap721com

Background:

We have seen the NFT market grow at an exponential rate. And needs to be more innovation to push the limits of how about the NFT market and NFT + Defi as a whole. But the current space only has few products built around liquidity for NFT trading.

As we know, Sudoswap is a unique NFT platform in that it uses an automated market maker (AMM) to source and fund trades. LPs created different liquidity pairs on Sudoswap, to achieve instant liquidity for traders. and support Sudoswap to become a top tier protocol among Defi and NFT communities. But Sudoswap seems not to value their LPs a lot based on only 1.5% of Sudoswap Token supply air dropped to their LPs.

Based on the above, we start Swap721 to provide a better solution. Swap721 is communities oriented and believes in LP first. With Swap721, LPs can deposit into single-sided assets to pools, or provide both sides with a spread and custom price curve to earn Swap721 Token and capture trading fees.

The custom price curve is a combination of linear and exponential features. It's mutable since LPs can specify the key parameter setting for the price curve whenever LPs want to.Swap721 believes the better AMM solution should be customizable and not limited to fixed and rigid price curve only.

Different pools can provide different liquidity and price curve. they may compete to lower slippage and swapping fees.

Swap721 is also developing an original NFT LBP product for new NFT collections. and solve the price discovery problem in mint phase. we are also planning to build NFT derivatives products. These product will also powered by these customizable price curve.

Liquidity Farming:🚜

In the bootstrapping phase, LPs can create pools on Sudoswap first and stake their liquidity on Swap721, and retain trading fees on Sudoswap. We will offer LP mining rewards for 10 blue chip NFT projects as shown below.

1.Bored Ape Yacht Club

2.Mutant Ape Yacht Club

3.Bored Ape Kennel Club

4.Wrapped Cryptopunks

5.Azuki

6.Doodles

7.Moonbirds

8.CloneX

9.0xmons.xyz

10.******** (let’s guess)

To support more NFT collections mining, the community can vote using Swap721 token $721.

Token Economices

Swap721 has a governance token called $721, with total supply is 1 million.

$721 token holders can stake their $721 token to get $ve721. $ve721 token holders can not only earn staking rewards but also have the rights to vote for Swap721 governance, like supported liquidity mining for Sudoswap LPs, Liquidity Bootstrapping Pools (LBPs) features, and future NFT derivatives.

82.5% of the total supply will be utilized for liquidity mining rewards.

1% of the supply will be preminted and added to Uniswap swapping pair.

8.25% of the supply will be used to incentivize $ve721 token holders.

8.25% will be used for the Swap721 Auditing and Developing

No token is reserved for the team.

PEACE

Web: swap721.com

Twitter: @swap721com