There’s a new DEX AMM on Avalanche that combines some of the top features from SpookySwap, BabySwap, and Trader Joe to create the ultimate DeFi platform! It’s called Haku Swap and is powered by the HAKU token.
Avalanche
For those that are unfamiliar, Avalanche is a smart contract-capable blockchain platform focused on transaction speed, low costs, and eco-friendliness. It claims to be the fastest smart contracts platform in the blockchain industry and has seen massive adoption in previous months.
Avalanche’s goal is to build a highly scalable blockchain that doesn’t sacrifice decentralization or security. It was launched in 2020 by the Ava Labs team and now has a Total Value Locked worth over $11 billion across Avalanche dapps.
Haku Swap
More than just a typical DEX, Haku Swap is a crypto world for users to trade, earn, and game. It’s the premier choice for projects on Avalanche with features including AMM, NFT, and GameFi. It’s a one-stop-shop for everything you want to do in crypto.
Haku Swap was created by HakuSwap Labs, the company that developed the HakuSwap protocol and web interface. When talking specifically about the unique HakuSwap protocol, it’s a suite of persistent, non-upgradable smart contracts that together create an automated market maker and a protocol that facilitates peer-to-peer market-making and swapping of ERC-20 tokens on the Avalanche blockchain.
Haku Swap offers some of the lowest fees and the highest APRs for Defi investors & traders on Avalanche so they can help people generate more passive income. That’s been one of the main goals that the HakuSwap Labs team has focused on when developing Haku Swap.
One of the other unique features of Haku Swap is that unlike other AMM decentralized exchanges on Avalanche, their recommended swap route is AVAX, not USDT or BTC. They do this to help keep costs as low as possible.
To add even more to help get you excited about this new ecosystem, here are some of the specific features that Haku Swap offers:
- Lowest Exchange Fee — 0.2% per swap
- 25% of Swap Revenue Sharing with xHAKU holders
- NFT Staking and Mining
- Metaverse Expansion
- Trade Mining — get paid to trade
- High APR Farming & Staking Pools
- Analytics — See all the trades and liquidity on the HakuSwap Dex
- Free Token Multisender
- 1 Click Zap LP Creator
Token Sale & Launch
The Haku Swap token sale and launch kicks off on January 17, 2022 at 5:00pm UTC at the Haku Swap Token Sale Launchpad! This is the first time investors will be able to get their hands on HAKU and take part in the new platform.
Here are the details that users will want to know to get prepared for the token sale:
- Sale Price: $0.40 USDC
- Raise Currency: USDC
- Per Wallet Cap: $5000
- Amount for Sale: 1,250,000 HAKU (1.25% of HAKU)
- Hard Cap: $500,000 USDC
- Sale Type: First Come First Serve
- Sale Duration: 12 hours or Until Sold Out
- Initial HAKU-AVAX Liquidity: $500,000
- HAKU Contract: 0x695fa794d59106cebd40ab5f5ca19f458c723829
- Sale Location: https://hakuswap.com/iho
Once the sale is complete, 625,000 HAKU will be added with $250,000 of AVAX to kickstart the HAKU-AVAX liquidity and ensure sufficient liquidity for swapping.
Tokenomics
Before investing in any project, you should be sure to review the tokenomics. Here’s a snapshot of Halu Swap’s tokenomics.
The HakuSwap token HAKU is a token that will launch on the Avalanche Blockchain with a 4-year emissions schedule. Emissions are scheduled to run for 1,440 days with a 5% monthly reduction in HAKU rewards for the farming, ecosystem, xHAKU, and NFT staking reward pools.
- Max Supply: 100,000,000 HAKU
- Public Emissions: 70,000,000 HAKU
- Ecosystem Rewards: 22,000,000 HAKU
- Team Rewards: 8,000,000 — vested 8 months
- HAKU Contract: 0x695fa794d59106cebd40ab5f5ca19f458c723829
- Audit: Hash0x with a “Well Secured” rating
A detailed breakdown of the HAKU tokenomics can be found here: https://docs.hakuswap.com/product-and-features-guide/haku-tokenomics
xHAKU
You may have noticed the mention of xHAKU in the tokenomic section. Well, let us explain. xHAKU is the high yield fee share feature of Haku Swap. There is a 0.2% swapping fee at Haku Swap and 0.05% or 25% of all trading fees is used to buy back HAKU. That HAKU is sent to stakers in the xHAKU pool. The buybacks will happen at least one time per 24 hours.
xHAKU will earn trading fees, governance, and partner tokens for staking on Haku Swap.
HAKU holders can stake their HAKU for xHAKU at the staking page found here: https://hakuswap.com/xhaku
To reward long-term holders, there is a 30-day waiting period to withdraw with no fee once those 30 days have passed. If xHAKU is withdrawn to HAKU before the 30 days have passed, then a 4% fee is assessed. In that instance, 2% of the fee is burned forever and 2% of the fee is shared back to the xHAKU contract.
Haku Swap Links
Website: https://hakuswap.com/
Twitter: https://twitter.com/HakuSwap
Telegram: https://t.me/hakuswap
Docs: https://docs.hakuswap.com/
Medium: https://hakuswap.medium.com/