What is PoseiSwap?
PoseiSwap is a decentralized trading technology that utilizes smart contracts and functions on the Layer 3 Nautilus Chain blockchain. This platform aims to be quick, private, and compliant in order to address the issues of excessive fees, a lack of privacy, and non-compliance that have plagued other decentralized crypto exchanges.
The Nautilus Chain makes it possible for the platform to scale to handle a large number of transactions, and the future zk-tech will give traders the anonymity they need to safeguard their identities. Users gain from ultra-quick transactions and reduced costs as a result. This action demonstrates PoseiSwap’s dedication to broad adoption and to meeting the changing demands of the DeFi
industry and blockchain networks.
Products and services.
The swapping of cryptocurrency assets and the provision of liquidity are the two main services offered by PoseiSwap. PoseiSwap offers a mechanism to extend DeFi’s reach from Web3 to the real world, making it more than just a decentralized exchange. PoseiSwap wants to advance things further by incorporating blockchain technology into systems used for traditional finance (TradFi).
- Swapping: Users have the chance to swap and exchange tokens with PoseiSwap in a way that is affordable, effective, more private, and compliant. In the future, they will be able to trade NFTs and tokenized real-world assets on the platform.
- Liquidity providing: PoseiSwap offers its Users seeking passive income an opportunity to provide liquidity. by selecting a pair of tokens of equal value and storing them in a smart contract known as a liquidity pool, they will receive 0.17% of all the PoseiSwap transactions using the specific pool they have chosen.
PoseiSwap expects to open up trading of physical assets on the DEX in the coming months. This comprises fungible tokens, NFTs, and other digital assets in addition to equities, bonds, and tokenized physical assets. This action will close the blockchain and conventional finance gaps and usher in a new era of financial possibilities.
How to swap and add liquidity
a). Go to www.poseiswap.xyz and click on connect wallet.
b). Select Metamask.
c). You will see this pop-up box in MetaMask and approve it to add the Triton testnet network to your wallet.
d).To get testnet tokens, you will need to visit the Nautilus Triton Testnet Faucet website :
https://docs.google.com/forms/d/e/1FAIpQLSffkOpZBR5lBX39pD55CJ13kIY5Lr2vmVSdtzPe_L81Y1_yDQ/viewform
Enter your EVM address in the box and claim all test tokens.
e). Now go back to www.poseiswap.xyz and in the swap tab, do a few swaps.
f). In the liquidity tab, try adding and removing liquidity.
Aim/objectives
The goal is to eventually start listing Web2 tokenized assets in addition to Web3 ones. PoseiSwap isn’t just for Web3; it aims to link the gap between Web2 and Web3 and open the door for mass adoption.
Yield farming in PoseiSwap
For DeFi, especially for the DEX platforms, liquidity pools have always been important. These pools offer the resources required for the exchanges, swaps, and other products to operate at their best.
Three mining pools will initially be active on the PoseiSwap, and they are as follows:
- Liquidity Providing Pool: Deposits liquidity pool tokens into the Poseiswap in order to farm POSE tokens.
- POSE Pool: deposits sPOSE tokens to farm POSE tokens.
- Fee Sharing Pool: deposits sPOSE tokens to receive ⅙ swap fees.
Token allocation.
- Team (20%)
- Investors (3%)
- Validator Airdrop (7%)
- Public Sale (5%)
- Liquidity Mining (45%)
- Ecosystem (20%)
How to Get Nautilus Testnet Tokens From a Faucet
In the world of cryptocurrencies, a "faucet" is a web-based service that gives testnet users unique tokens.
These tokens might or might not have any real worth, but they allow users to enjoy testnet features without having to spend on the mainnet.
I’ll describe how to obtain the tZBC testnet tokens from Nautilus and how to use them on PoseiSwap.
#POSEISWAP $POSE #DEX ##NAUTILUS #EXCHANGE
Useful links.
Proof of Authentication Post
Bitcointalk Username: ballad96
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2861247
Telegram Username: @metamaskBib
Campaign Participated: facebook , medium , video , article
BSC Wallet Address: 0x7CAC37C96d1dC759691979A948c99F003f858463