Introducing StellaSwap: The Leading Moonbeam DEX
Enter the leading DEX and DeFi gateway on Moonbeam
After months of hardwork and preparation, we’re finally excited to launch our native DEX on Moonbeam! Moonbeam is an Ethereum-compatible smart contract platform that is set to become the biggest parachain on Polkadot network. Their recent announcement on the full EVM launch set to take place on 11 January, 2022 means that we will be one of the first, if not the first DEX on Moonbeam.
Introduction to StellaSwap
StellaSwap is one of the first automated market-making (AMM), decentralized exchange (DEX) for the Moonbeam parachain network. The unique value proposition of StellaSwap is that we’re committed in establishing a strong foundation with our native token, STELLA, as a governance token, diverse farms, a built in bridge and user-centered service.
StellaSwap’s main objective is to create a broader range of network effects to address the issues of liquidity in the DeFi space, instead of limiting ourselves to a single solution like many DEXs are doing now. This manifests itself in the diverse product suite of StellaSwap that will be explained in more details. Our products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.
Why Moonbeam?
Moonbeam is slated to be the biggest parachain on Polkadat network, after securing over 95 million DOTs valued at approximately $3.8 billion USD on the first round of Polkadot’s parachain auction.
At its core, Moonbeam is designed to tackle cross-chain interoperability challenges by making it easier to deploy decentralized applications on Polkadot. As an etherum-compatible smart contract parachain, developers don’t need to rewrite their entire code, as all functionality can be “transferred” through a smart contract-based approach. It provides Ethereum developers a chance to use their favorite Ethereum developer tools to either build new projects on Moonbeam and Polkadot, or redeploy their existing Solidity projects through minimal changes.
StellaSwap is fully aligned with the vision of Polkadot and the implementation strategy of Moonbeam network, and is committed towards extending the functionalities and opportunities of DeFi.
2 Words: Fair Launch
In the spirit of true decentralization and unequivocal fairness, Stella has decided to adopt a fair launch model for token distribution. The primary goal of a fair launch, as its name suggest, is to distribute almost all of the tokens to users on our platform. This is in contrast to the frequently used model for token distribution such as Initial Coin Offerings (ICO), Token Generating Events (TGE) or Initial Decentralized Offerings (IDO) that allocates a considerable chunk of their tokens to initial investors and institutional investors. Stella wants everyone to have access to our tokens in a fair and transparent manner.
StellaSwap’s native token — STELLA — will be a governance token that is embedded with various value-accrual mechanisms and utility to maximize tokenholder value. The token distribution follows a fixed supply, linear emission model that is coupled with burning or deflationary mechanisms to reduce overall supply.
Stay Tuned!
About StellaSwap
StellaSwap is the first and leading Moonbeam DEX that offers an integrated gateway to the DeFi world. Users can swap, earn, yield farm, bridge assets, explore new projects and engage in NFT trading all from a single unified platform. StellaSwap’s products are structured in such a way that facilitates decentralized governance of STELLA holders, while continuing to innovate on the collective foundations by design.
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