Cryptocurrency has become altogether throughout the last year, however many don't yet see how different digital currency truly is as a resource class. Each significant coin has its own one of a kind use cases driving its development. Utilizing blockchain examination to follow exchange designs and dissect the qualities of the greatest wallets holding various sorts of digital currencies, we can look into how those utilization cases contrast and praise each other to make a unique cryptocurrency environment.
Since the beginning of 2020, DeFi has been the fastest growing service category by far, nearly all driven by Ethereum. DeFi has also given cryptocurrency a way to tap into community to launch new platforms. Founders of traditional, centralized exchanges and other services would typically have to raise capital themselves to build a new platform and provide it with its initial liquidity. With DeFi, founders can instead borrow funds from users or other backers, who in return get unique tokens associated with the platform that entitle them to a share of the platform’s fees. We expect to see more innovation in DeFi over the coming years, most of which will likely be powered by Ethereum.
Each asset plays a key role in the wider cryptocurrency ecosystem. As that ecosystem continues to evolve, new coins will likely crop up to address new use cases, and the utility of existing coins will shift as well. Keplerswap has vertical ecosystem that made users are able to invite more people to participate in community advocacy in order to provide more support for development collectively.
What is SPACE in KeplerSwap?
SPACE is a term used in the KeplerSwap environment to improve vertical relationship between users, expand user rights and realize autonomous organization. Users are able to invite more people to participate in community advocacy in order to provide more support for development collectively. Through SPACE, all members are dedicated to promoting decentralized autonomy.
What are the features of SPACE available?
The following are SPACE features:
- SPACE Creation.
If a user has contributed to liquidity market making efforts; or has referred other users to contribute in liquidity market making while meeting certain requirements, the user is able to submit a SPACE creation application. Once the application is approved, the user is entitled to be the SPACE Owner. - SPACE Voting.
Each token holder is granted a right to vote in a SPACE election. Every user has to enter a SPACE. Once users have successfully entered into the SPACE, it cannot be changed. Users can vote for SPACE. - SPACE Interests.
SPACE Owner is granted all rewards related to liquidity market making from their SPACE members. If the SPACE Owner wins in the SPACE Voting, the owner may gain an extra reward from contribution pool. - Vote Counting.
Voting period consists of 7 days, with the first 5 days being the voting period, and the last 2 days being the counting period. - Vote Withdrawal.
During the voting period, the votes token will take effect immediately and no voted token can be withdrawn from the pool.
What kind of user that could create SPACE?
Under the following conditions the user, who is SDS holder, a liquidity provider (value locked for 12 months) on KeplerSwap, and who has successfully invited a required amount of new users, will be available to create SPACE and become a SPACE Owner. SDS holder who joins the SPACE is granted the rights to vote in the SPACE.
How to join SPACE in KeplerSwap?
- Creating SPACE:
If a user participates in liquidity pool himself or recommends other users to provide liquidity to meet the established criteria, he can generate a SPACE by himself and the owner of this SPACE is the SPACE owner. After becoming a SPACE owner, the owner of a SPACE will have two benefits. First, owners will get extra reward, the higher the number of SPACE members and the higher the total number of members participating in liquidity pool, the higher the reward. Second, there will be a vote every 30 days, the top 20 SPACE owners will share the 30-days accumulated reward from the SPACE POOL.
Top 20 SPACE owners who obtain the most votes can proportionally share the rewards fairly. If the number of votes is the same, it will be compared according to the user's locked up collateral value, and if the value is also the same, it will be compared in chronological order of the user's account statement. The reward gained by the user can be redeemed at any time. This will ensure that the more active the users are in the SPACE, more rewards are given. The SPACE is the cornerstone of ecological development. Active SPACE users have more decision-making power. They can provide better on construction and market development direction. Consequently, users across the ecosystem will also reap greater benefits. The rules for the entire vertical relationship are fully implemented by smart contracts. The process is open and transparent and there is no risk impacting the ecology of the market. - If a user does not generate SPACE, they can choose to join SPACEs and vote for other SPACEs.
Does the SPACE features have rules?
Yes, it does. There are few rules need to be followed:
Every token holder will have the right to vote for SPACE, each account can only join one SPACE permanently.
Each user can choose to vote for all SPACEs including their own SPACE, voting is not compulsory.
The voting period is 7 days, with the first 5 days being the voting period, and the last two days being the counting period.
In effect, the number of votes a user has is derived from a mapping of the user’s assets, equal to the token balance plus the number of token lockups the user has engaged in liquidity pool. A snapshot of the user’s current balance and the number of locked positions is taken at the start of each round of voting, at which point the number of assets the user has equals the number of votes they owned, and the user’s token usage and locked positions are not affected after the snapshot.
As one of the two innovative features of KeplerSwap, SPACE is the cornerstone of the entire eco-building. All participants of the ecology will join the SPACE ecology, become SPACE owners or join other SPACEs. At the same time, active SPACEs have more right to speak in the whole ecological construction. In the future, SPACE owners are free to propose and initiate resolutions to vote, SPACE members can participate in exercising their voting rights actively, and the ecological development is decided by all members together, truly realize the concept of Decentralized Autonomous Organization (DAO).
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