How does StormSwap work?
Stormswap is a complete DeFi protocol on BSC. We are starting with our AMM protocol, incentivizing early adopters to earn STORM tokens through liquidity mining. Soon we will bring more protocols important for having a complete DeFi ecosystem linked to STORM. User can earn STORM by providing liquidity or using the Bifrost (BFX) staking.
Why Binance Smart Chain?
Ethereum has huge problems with scalability and we don't believe 2.0 is the solution. Binance has been doing a great job with their Smart Chain, bringing scalability by default and way cheaper transactions. Powering important DeFi protocols on BSC is our mission
INITIAL LIQUIDITY POOLS(LPs)
|Chain:||Binance Smart Chain(BEP-20)|
Reward per block- 0.0021 STORM(First 14 days 100x bonus, then 0.21 per block during this period)
Daily emission- 60.48 STORM per day(First 14 days 100x bonus, then 6048 per day during this period)
Liquidity miners- 85.7% of the total supply.
Dev Fund- 14.3% of the total supply. (Rewards used to fund project's development, bounties, audits, future expansion and partnerships)
Storm incentives in a nutshell(Additional mechanisms):
Referral- Liquidity miners can earn 5% in STORM's rewards referring others to provide liquidity in the incentivized pools. Both earn a 5% ref bonus.
STORM's team is an anonymous group of developers who believe in the future of Decentralized Autonomous Organizations (DAO) and DeFi. 14.3% of the supply is dedicated for the team which plans to expand and hire more people soon.