In essence, the blockchain world is composed of islands after another. There are certain differences between public chains and public chains. For example, the differences in consensus mechanism, token standards, and working mechanisms are heterogeneous blockchains. Then this is like one island after another, separated by the sea.
The nature of the world was like this at the earliest. Since Columbus discovered the new world, the world has gradually become one piece. People have learned that the earth is round, and that there are people with different skin colors in the world, and they also know that there are so many people in the world. Unknown creature. So for the blockchain world, cross-chain technology has become the "Columbus" of the blockchain field, continuously connecting the blockchain world into a whole, from division to integration.
As a new force, DEX can currently only support token transactions in its own system. For example, Uniswap can only exchange Ethereum ERC2.0 standard assets, or liquidity mining. For other assets on the chain, some DeFi facilities are required to perform credit-guaranteed mapping, and then conduct transactions, such as mapping BTC to WBTC, and this approach has limitations. This is also the bottleneck that is currently difficult for DeFi to break the islanding effect.
The most important thing about DeFi is the abundance of assets. From the perspective of the global economy, the prosperity of a local area cannot be regarded as prosperity, but the overall prosperity that drives it is the real prosperity. The same is true for the DeFi world. The overall flow of assets is crucial to the development of DeFi. For Chocoswap, it is expected to build links between assets in different blockchain systems and allow DeFi to develop globally.
What is Chocoswap?
Chocoswap is the first full-ecological cross-chain asset aggregation trading platform. It will aggregate all existing public chain platforms including Ethereum, Polkadot, Ontology, NEO, Binance Smart Chain, Huobi Heco, etc. And through cutting-edge cross-chain technology, cross-chain and aggregate transactions of digital assets on various public chain platforms are realized. Aims to create a full ecological cross-chain aggregate transaction
, Do the 1inch of the whole ecology, do the DODO on Heco.
We can understand that Chocoswap is an aggregate trading platform. In the past, our impression of transaction aggregators was to focus on the DEX aggregation transactions of a certain chain asset like 1inch. For example, 1inch would aggregate all DEX transactions of a transaction in the same period for you. Compare, select the best and optimize the GAS cost, that is, reduce consumption and increase revenue. Then as demand changes, Chocoswap's cross-chain aggregated transactions may gradually become a future state of transaction aggregators.
While performing cross-chain aggregation transactions, Chocoswap helps users intelligently choose the best price, the fastest transaction channel, and the cheapest handling fee between various platforms through a new set of cross-chain asset swap agreements to achieve real Full ecological cross-chain asset trading.
Chocoswap deploys a unified asset mapping contract on different chains (all public chains supported by Chocoswap). After the contract is constructed, the assets on one chain can be realized through the Polkadot relay chain, and the cross-chain interface mapping of Chocoswap The contract to the target chain is sent to the account. In this process, the user must pay related fees. Chocoswap will also support the cross-chain mapping of all the same assets in these blockchain systems without trust.
In the second phase, Chocoswap will also support the aggregated transactions of cross-chain assets. At the same time, it will be carried out based on the cross-chain liquidity mining model. Any liquidity provider that provides current chain assets and assets in the Chocoswap agreement can obtain a certain amount of liquidity. Liquidity mining rewards.
For Chocoswap's cross-chain aggregation, it is the final result of the integration of multiple steps. Then 4. If a chain transaction fails, all transactions will fail. If all transactions succeed, the final transaction will succeed. . And Chocoswap can also form linkage with the BSC/Heco/OKEx chain, etc., supporting an intercommunication between DEX and CEX.
In addition to supporting cross-chain aggregation, Chocoswap also supports the order book model. Users do not need to worry about the inability to limit price trading in the AMM model of DEX, Chocoswap's order book will support limit trading so that investors have the same experience as CEX. At the same time, the order book is also a basis of derivatives gameplay, so for Chocoswap, future users will also experience decentralized derivatives gameplay such as futures, options, and contracts. Chocoswap will complete the Chocoswap network migration and testing on February 26, and the mainnet will be launched on February 28.
In the Chocoswap ecosystem, VNLA tokens are used as governance tokens.
VNLA is the governance certificate of the Chocoswap ecosystem, with a total of 21 million, without any investment institution, so that everyone in the community has a fair opportunity to participate in governance, so as to attract enough talents to promote the sustainable development of the community . The initial mining pools will be set to two, namely HUSD/VNLA and VNLA pledged mining pools. In the subsequent Chocoswap ecology, some project parties who want to increase the mining pool will vote on the basis of VNLA. And holding VNLA will enjoy the following rights:
- It can be obtained by providing liquidity for mining;
- Voting rights and governance rights of Chocoswap ecology;
- Only through VNLA voting can the mining pool be added and modified;
- In the later stage of holding VNLA, you can get Chocoswap dividends.
VNLA will also support stable coin mining in the early stage to reduce user mining risks.
VNLA will soon be launched on the Huobi ecological chain Heco mining, and will focus on the liquidity mining of the HUSD/VNLA trading pair and the pledge mining of VNLA. The wallets that support VNLA are currently Huobi Wallet, Codebank, ONTO, Metamask, etc., and the mining platform is MDEX on Heco.
VNLA mining pool settings
HUSD-VNLA (1.5 times the mining rate) produces 4.5 million VNLAs, and the initial mining VNLA is 2.25 million
VNLA (normal rate) output 3 million VNLA, initial mining VNLA is 1.5 million
Interested friends can pay attention
Starting on March 3, 2021, VNLA will conduct an airdrop with a total of 100,000 VNLA tokens worth approximately $150k to give back to Heco ecological users.
The airdrop rules are:
1. The Chocoswap project will announce the specific snapshot time on March 5, 2021. (Except exchange address and contract address)
2. The project party will airdrop VNLA to HUSD holders from 20:00 on March 7 (UTC+8 standard time). (Except exchange address and contract address)
3. The total amount of airdrop is 1 million VNLA, the airdrop ratio is 300HUSD: 1 VNLA, and the price of a single VNLA is 3HUSD.
4. VNLA will start DEFI mining on HECO and trade on MDEX from 20:00 (UTC+8) on March 9th. (In the initial stage of mining, due to the lack of chips flowing into the market, the efficiency is expected to be very high. The income may exceed 300%-400%. Interested friends can participate)
5. The minimum holding requirement for users to obtain airdrops is 100 HUSD, and each account can receive up to 2,000 airdrop rewards.
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