Hello IC fam, ICPSwap team here! We want to express our gratitude for the incredible support and assistance from the IC fam!
ICPSwap is gearing up to launch its SNS DAO and is expected to commence decentralized swaps once key milestones are achieved.
Here are some critical elements of this journey. Please take a look:
What is ICPSwap?
ICPSwap stands as the native, pioneering, and premier Decentralized Exchange (DEX) within the Internet Computer Protocol (ICP) ecosystem, providing an extensive array of financial and market services. Our users and fans may immerse themselves in the ultimate Decentralized Finance (DeFi) experience, featuring a broad spectrum of token standards trading, dedicated staking pools, robust yield farming, innovative Claim features, and more. With ICPSwap, we are nearly exploring every facet of DeFi!
The sns_init.yaml file and audit report (We’ve successfully completed our SNS code audit with Beosin） will be released soon.
Proposed Token Distribution
Total Supply: 1 billion ICS tokens
- 48%: Reserved for the ICPSwap DAO Treasury
- 26%: Allocated for swap to decentralize governance and raise funds for the SNS.
- 9%: Allocated to the ICPSwap team and advisors with a dissolve delay of 6 months. These neurons will be vested quarterly over a 48-month period following the SNS Swap, distributed equally each quarter
- 10%: Allocated to Seed Round investors, vesting over 24 months.
- 3%: Allocated to Strategic Round investors, vesting over 24 months.
- 4%: Allocated to Private Sale investors, vesting over 11 months.
Ledger transaction fee: 0.01 ICS token
Each participant in the decentralization swap (including the Neuron Fund) will receive their tokens in a basket of 5 ICS neurons of equal value, each with dissolve delays of 0, 3, 6, 9, and 12 months, respectively.
The ICPSwap team and advisors will receive their tokens in a basket of 16 neurons, each with a dissolve delay of 6 months. These neurons will vest quarterly over a 48-month period following the SNS Swap, with equal proportions each quarter. The team and advisors will not receive any ICS tokens at the SNS Swap.
Each Seed Round investor will receive tokens in the form of a basket of 24 equal-value neurons, each with a dissolve delay of 1 month. These neurons will vest over a 24-month period after the SNS swap, with equal proportions each month.
Each Strategic Round investor will receive tokens in the form of a basket of 24 equal-value neurons, with no dissolve delays. These neurons will vest over a 24-month period after the SNS swap, with equal proportions each month.
Each Private Sale investor will receive a basket of 12 tokens in the form of equivalent neurons. These neurons have no dissolve delays and will undergo linear unlocking from 0 to 11 months after the SNS swap, with equal proportions each month.
26% of the total supply of ICS tokens is proposed to be distributed via an SNS decentralization swap.
Swap participation parameters: