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Ninja Swap - The first ever Automatic Minting Offering (AMO)
While searching for new projects to write about ... I found one that looked cool enough to deserve my time. Ninja Swap is a DEX on the Binance Smart Chain, with AMO ( Automatic Minting Offering), Farming, Staking, and fair Tokenometrics set-up.
The constant grow of DeFi and the expansion of the Binance Smart Chain created a demand for better exchanges, secure and private data sharing and Dapps that will provide decentralized finance and investment gain. This is why Ninja Swap launched the Novel Automatic Minting Offering!
The project creators are Ninja Turtles fans, with experience and degrees in web design, mathematics, blockchain and engineering. Leonardo, Michelangelo, Raphael and Donatello are combining blockchain technology with logic, mathematics and graphic design!
The NINJA token has a maximum total supply of 3,800,000 tokens, all minted on the Binance Smart Chain. The Teenage Turtles can have a maximum of 16% of the total supply, if the 3,800,000 tokens cap is reached. 800,000 NINJA tokens were preminted for farming and staking, 120,000 for the CAKE airdrop and 80,0000 for bounty rewards.
XNINJA will be the secondary token of NINJA SWAP. Will have a maximum supply of 7,600,000 tokens. 4,000,000 tokens will be distributed through the loyalty program and 2,200,000 available as staking rewards. NINJA holders can stake to XNINJA and get a reward twenty times bigger.
The first quarter of 2021 seen the start of the Automatic Minting Offering (AMO) and the implementation of the NinjaSwap bounty campaign. The snapshot required for the airdrop was taken and CAKE holders will be able to claim the rewards. Meanwhile ... have a look at the farms and stake some Ninja for top rewards.
What's next? The Ninja Yield Aggregators and Lending-Borrowing Platform will soon be implemented. As every top platform will have their own stablecoin, such as $VAI for Venus, Ninja Swap will launch $NAI! Most of the upgrades planned in the quarter two of 2021 will lead to the DAO.
Ninja Swap platform review
Ninja Swap runs on Binance Smart-Chain and can be easily accessed with Metamask. The dashboard is user-friendly and all tabs are in the left side of the screen: DEX, Farms, Stake, Bounty, AMO, CAKE Airdrop, Ninja Starter, Analytics, One Pager and More.
The DEX is the place where tokens can be exchanged for other cryptocurrencies. The Farms tab is where ninjas can provide liquidity. There are six pools available, three of them using NINJA paired with Binance USD (BUSD), Binance Coin (BNB) and CAKE. The other pools are CAKE-BNB, BNB-BUSD and BTCB-BUSD.
The CAKE Airdrop is the tab where those who bought NINJA from Pancake Swap before May can claim rewards. The AMO will mint new NINJA tokens by using Binance Coin (BNB). The AMO set-up makes the project run continually, meaning that will never stop and will never need a centralized layout.
The NinjaSwap bounty is opened for all and points can be earned by completing tasks. The first two tasks will award 20 points for joining the TG group and following on Twitter. More points are awarded for creating content such as videos, memes and articles.
* YouTube, Article and Gif meme links will be approved by team manually, so it can take time according to number of requests.