There are several components that make up the crypto ecosystem are growing and developing at their own pace, contributing to an industry that is becoming more sophisticated by the day. Crypto has come a long way from its niche appeal in 2009 to a lively digital assets economy.
But for the industry to expand and increase participation, we need more than a strong ecosystem. We need a better connection between crypto and global finance. The more familiarity we build between crypto and traditional finance, the easier it becomes for new people to start their journey towards understanding the crypto ecosystem.
And with every newcomer, the crypto industry evolves further as exchanges, financial services, media and regulators adjust to mainstream consumer expectations — potentially improving investment outcomes.
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. SPACE is a term used in the KeplerSwap environment to improve vertical relationship between users, expand user rights and realize autonomous organization. Through SPACE, all members are dedicated to promoting decentralized autonomy.
The following are SPACE features:
a) 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
b) 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.
c) 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.
d) 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.
e) Vote Withdrawal
During the voting period, the votes token will take effect immediately and no voted token can be withdrawn from the pool
The number of votes for a user is based on the user’s assets, which is equivalent to the balance of the token plus the number of collateral tokens locked in liquidity participation. At the beginning of each voting period, a snapshot of the user’s current balance and the number of positions blocked will be taken. Therefore, the amount of assets belonging to the users is equal to the number of votes they own. After the snapshot, the user’s available token and locked value will not be affected, and the number of votes owned by users will remain the same. Until the next round of voting begins, the votes of the users are recalculated according to the established rules. Also, users vote using snapshot method. This method ensures that users can vote without affecting the regulation of market-making lock function.
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.
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 you interested to buy Keplerswap SDS tokens, you can contact or get information from one of this link
Website : https://www.kelperswap.io
Medium : https://medium.com/keplerswap_dex
Twitter : https://twitter.com/keplerswap
Discord : https://discord.com/invite/hyGbGvWfyW
Reddit : https://www.reddit.com/user/KeplerSwap/