@rgPhotography 20 July 2022 edited

Eagle Network's EgonSwap DEX: The New DeFi Innovation

The Eagle Network project started in 2021. They launched their miner app 26th of February of that same year. The said app allows users to do a cloud mining and mine Eagle tokens for **free**. The free mining is temporarily put on hold last May 31 and will resume on the 6th of August this year. As per announcement, in the new mining algorithm the miners will no longer be mining Eagles but they will be mining the token project that is built on its own blockchain- the EgonChain. Just September last year the team launched the EgonSwap DEX, a unique decentralized crypto exchange project that allows users to participate in the emerging popularity of decentralized finance (DeFi). It is a Binance Smart Chain-based DEX with the latest technological innovations that enable users to trade cryptocurrencies in a quick and simple way. https://dex.egonswap.io/#/swap

Users of the DEX can also earn through staking, providing liquidity and farming just like in PancakeSwap. But it is way better than the latter because EGON's supply will always be lesser than that of PancakeSwap's CAKE because there is only 0.1 EGON minted per block in EgonSwap while there are 40 CAKEs minted per block in PancakeSwap. And yes, EgonSwap's native token- EGON is already listed in PancakeSwap just last June 2022. It is also listed and tracked in CoinMarketCap, Crypto.com, Binance.com, Coinbase.com, PooCoin, DEX Tool and many more. https://pancakeswap.finance/swap?outputCurrency=0x05995a068bdac17c582ec75ab46bb8e7394be1d9 https://coinmarketcap.com/currencies/eagle-mining-network/ https://crypto.com/price/eagle-mining-network https://www.binance.com/en/price/eagle-mining-network https://www.coinbase.com/price/eagle-mining-network https://poocoin.app/tokens/0x05995a068bdac17c582ec75ab46bb8e7394be1d9 https://www.dextools.io/app/bnb/pair-explorer/0x798a02b03e89ee5577bc3df4bb350836cead052a

Watch here: **Razel's YouTube Channel** https://youtu.be/n4yea5SYzyg **Below is taken from the** **Eagle Network's Telegram Announcement Channel****:** https://t.me/EagleNetworkChannel EgonSwap Dex offers additional token mining for users of the DEX. EGON token can be mined by Staking EGON. By adding liquidity into the DEX and Farm your LP tokens. The Egon token reward is minted by the system using a fixed minting algorithm. The initial supply for EgonSwap token was 52m. The Egon reward is minted only if there are users adding Stake, adding liquidity and farming. If no users no additional Egon will be minted. The fixed minted Egon is distributed according to users Stake amount and liquidity amount and the duration before unstake. Longer time more Egon reward. Below are the fixed Egon minted as users Stake, add liquidity and farm LPs: These minted Egon is distributed to users according to amount staked. **0.1 Egon per block** This is the current situation as low numbers of holders. 2870 per day 86100 per month 1,033,200 per year 10,332,00 after 10 Years This is the current situation in addition to current supply. **0.5 Egon per block** This can be the next stage after Egon sale to give more reward to stakers, yet to be activated. 14,350 per day 430,500 per month 5,166,000 per year 51,660,000 after 10 Years This is in addition to current supply if activated. **1 Egon per block** This is most unlikely. 28,700 per day 861,000 per month 10,033,200 per year 103,320,000 after 10 Years This is in addition to current supply if activated. **How To Increase Egon Stake Reward?** The Eagle Network community and EgonSwap Token Holders can vote to effect an increase in Stake and Liquidity Rewards. Note that should the vote be positive then Egon supply will increase according to the above scenarios. Only community vote can increase supply and increase Stake Reward. **Voting Methods** Voting mechanism is for the purpose of increasing the minting algorithm of dex. Team will set it up when it becomes necessary and left to run for minimum 30 days so as to collect maximum VOTEs. If the vote turns out to be positive then it means more egon will be rewarded for every stake holders, liquidity providers and those who farm their LP. This minting rewards is managed by the masterchef smart contract on the fly and not by team. **Price Up or Down** Increasing Egon reward do not mean to fall the price of Egon. At best it offers more rewards for investors over time. Other coin/Token are still mining more and price do not fall. Eg, Bitcoin, Ethereum, etc Let's remember that a collective community holding assets for long time increases price as well. It is definitely an interest in every Egon we put on the dex, this is reasonable as we who support the project should be equally rewarded base on the amount of tokens invested on the dex. Remember that price of Egon depends upon the holders. More Selling - price fall More holders and buyers - price pump What has given the top cryptos the price today? The answer are investors Only more users buying and holding increases the crypto price. If all users mine without anyone buying price will fall to zero. ⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️⚠️ **IMPORTANT** PLEASE read this post carefully to understand how Egon supply works. This is the same way Pancakeswap CAKE supply works as well. **Let's compare EGON and CAKE** CAKE minting - 40 CAKE per block EGON minting  - 0.1 EGON per block. **~Eagle Network Team** The DEX of course is audited by Techrate and by CyberSecurity https://github.com/TechRate/Smart-Contract-Audits/blob/main/December/EgonSwap.pdf https://github.com/JorgeRodriguezsec/CTDsec/blob/main/Audits/Cybersecurity_Audit_CTDSEC_EGONSWAP.pdf **Below are some of the statistics of EgonSwap DEX as of July** **2022****:** Market Capitalization: $1,095,650 Total Minted: 52,998,965 Total Burned: 2,400,000 Circulating Supply: 50,598,965 Total Value Locked (TVL): $259,156.283 Eagle Network also has its own CryptoKara wallet where users can safely and securely send, receive, and store Bitcoin and other cryptocurrencies and digital assets. The said wallet is based on the Trustwallet source code.

In the 4th quarter of this year, the EgonChain blockchain of Eagle Network is due to be launched too. Below is their roadmap's progress: EgonSwap Dex ✅ CryptoKara App ✅ EgonSwap Token ✅ EgonCoin Blockchain ☑️ Egon Bitcoin Browser ☑️ Metaverse NFT Cards ☑️ Egon Payment Gateway 🛠 Decentralized Social Hud Cryptocurrency Exchange Egon P2P Trading Module 🛠 Egon Transborder Payments 🛠 Egon Online Merchant Plugin 🛠 CoinVila Price Analysis Relaunch 🛠 ✅️ - Completed and Launched ☑️ - Ongoing Private Testing 🛠 - Ongoing Development

Watch here: **Razel's YouTube Channel** https://youtu.be/AqoDieROaa4 ***For more information about the project, SUBSCRIBE to my YouTube Channel***: ***Razel*** **Sumagang** https://youtube.com/user/razel0218