TL; DR
- ASH is the native utility token of the AshSwap platform offering access to products and services within the ecosystem.
- The utility token facilitates access to rewards and benefits within the AshSwap’s features.
AshSwap is an Elrond-blockchain-powered Decentralized Exchange platform that helps users trade between stablecoins with low slippage and small fees. Not just that, it also aims to bring DeFi to a new level where users can benefit from from enhanced yield dynamics and exceptional token use cases. AshSwap is fueled by “ASH”, the native token of the platform. ASH token holders can enjoy various benefits, perks, and rewards by using AshSwap’s features.
Meta Staking
After AshSwap’s IDO on Maiar Launchpad, can now be used used for meta-staking on Maiar Exchange with a 16% APY rate.
Liquidity Staking
After staking their tokens in the pools to receive LP tokens, users can use that LP tokens to stake into the farms to earn rewards in ASH.
Governance Staking
The AshSwap ecosystem also introduces veASH — the governance token of AshSwap. The main purpose of the veASH token is to provide a way for users to gain more benefits from their assets.
Users can stake their ASH token to receive a corresponding amount of veASH. After that, users will receive LP tokens as a reward.
Yield Boost
This is a new feature for Liquidity Providers (LPs); while staking their LP tokens in the pools & having veASH, that veASH can be used for boosting their arming yield, thus generating higher income.
AOC minting fee
ASH holds a very essential role in the process of minting AOC. Users can choose to pay all, a part of, or no ASH fee to mint AOC, and each action has its own effects. Regarding the two extremes, if a user pays the whole fee, he will be entitled to all the trading fees of the collateralized LP tokens, and if he pays nothing, all the trading fees will belong to AshSwap. But he can very well choose any ratio on the fee spectrum that suit his needs. For example, he can pay 25% of the fee, so he will get 25% of the trading fee and the rest goes to AshSwap.
🔗 https://medium.com/ashswap/liquid-liquidity-provision-llp-4b8fd0aefb8a
The $ASH token public sale has already been completed successfully on Maiar Launchpad on 25th October 2022 and is on its way to listing on Maiar DEX, $ASH will complete its listing on 3rd November 2022.
