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Today I'll tell you why SumSwap's unique staking mechanism is so popular. The content of the article is good. Now I would like to share it with you. Friends who feel in need can understand it. I hope it will be helpful to you. Let's read it along with the editor's ideas.

The biggest and most direct beneficiary of the DeFi ecological explosion is the decentralized Exchange (DEX). DEX has gradually entered the public eye, and more and more new users are pouring into it. In addition, relying on Defi liquidity mining and other ways, loans and transactions generated by locking and pledge have become the mainstream game mode of blockchain finance, which will promote the rapid expansion of DEX quantity and financial foundation. In addition, with the iteration of blockchain technology, the optimization of common chain performance and the concept of "decentralization" have been deeply rooted in people's hearts. The demand for decentralized switching is also increasing, which also provides a good user base for the development of DEX.

However, for most new DeFi users, the current DEX experience has two major disadvantages: low transaction speed and high transaction costs. Currently, DEX represented by leading DEX, such as Uniswap and Sushiswap, is based on Ethernet Square. The performance of Etay Fong public chain and high handling fees have been hindering the large-scale development of Defi and DEX.

However, the upgrade of DeFi technology provides a broader prospect for DEX. With the smooth progress of ETH2.0, these problems are gradually improving. Layer2, sharding and POS consensus provide a good solution. At the same time, with the technical iteration of ETH2.0, the foundation of supporting decentralization finance is getting better and better, and the foundation of decentralization is getting stronger and stronger. Just recently, a blockchain company called "SumSwap", an innovative decentralized protocol developed by blockchain in the UK, has once again aroused enthusiasm in the entire DeFi field through technological and mathematical algorithm innovation, and has great potential to start the prairie fire.

SumSwap is built by the British blockchain company. Before it officially faces the market, some people appraise it as "standing on the shoulders of giants". On the basis of the success of Uniswap and Sushiswap, and then through innovative integration of excellent DeFi algorithms, it has created a pioneering decentralized financial product. It officially opened at 9:00 (UTC+8) on March 29th.

SumSwap is an innovative decentralization protocol that fully demonstrates the beauty of mathematics. As a decentralized exchange based on mathematical innovation, its symbols use mathematical integral symbols, that is, integrals from zero to infinity, to represent the integration of various excellent algorithms in the DeFi field. SumSwap uses integral as a totem, and the vision integrates the excellent mathematical innovation of block chain to realize a real block chain world of mathematics that is law and code that is law.

It uses the constant product algorithm and the three modes of AMM market-making and staking mechanism to create a permit economic model for specific index issuance. Under the background of general AMM market-making mechanism and constant product algorithm, and because of its special mathematical design mechanism, it is scientific and rigorous in the distribution of permit release, and each step of release will be allocated strictly according to the algorithm.

(1) constant product transaction

Constant product: xy=k, you can trade directly without matching the order book.

(2) AMM mobile mining

In order to increase the number of constant product X and y, users can inject the same proportion of x and y coins into the mobile pool, which can increase the liquidity of the whole system, and receive transaction fee dividends and Taiwan dollar mining incentives.

(3) staking mechanism

Coin-holding staking: 40% of daily output pass is used for coin-holding staking

Ecological staking: 40 per cent of daily output pass is used for ecological staking

At the same time, it has three characteristics:

(1) Security transparency: all transactions are completed on the ethernet chain, and the system has undergone security audit, transaction data can be checked on the chain, and the security transparency of the whole system is realized.

(2) strong expansibility: using the design of coin-holding staking combined with ecological staking, users can get income by holding SUM pass and sharing SUM pass, and the rules have strong expansion power.

(3) Asset security: unlike centralized exchanges, SumSwap does not touch any assets of users, and the whole process is always in charge of users with private keys.

On the pre-excavation allocation principle of SUM

A good pass issuing algorithm is an important factor for the success of a project. SUM adopts the base index issuance model, issuing a total of 320 million pieces, pre-digging 32 million mother coins, and the remaining 288 million is linearly released in five stages, with different amounts of SUM released each month according to the product of the original datum in different stages.

The specific principles of pre-excavation distribution are as follows:

(1) Node pre-sale

8 million SUM are used for node pre-sale, and SumSwap sets up 400 nodes. As a successful node, you can get 20, 000 SUM and enjoy the relevant rights and interests of the node.

(2) pre-sale of members

16 million SUM are used for pre-sale of members, the maximum number of members is 3000. If you successfully become a member, you can get the lowest 0.75USDT/SUM and enjoy the relevant rights and interests of members.

(3) flow pool reservation

8 million SUM are reserved for the flow pool. This part of the developers will inject a certain amount of SUM into the initial SUM/USDT flow pool according to the market situation, and the remaining SUM will extend the developers to other businesses.

About node pre-sale

The node pre-sale phase of SumSwap is the highlight of Sum's official debut, because before SumSwap is officially launched, according to the official notice information released in advance, the basic node structure is an important part of the future ecological development of SumSwap, not only enjoy node-related rights and interests, but also participate in community development ecology.

Node pre-order participating in SumSwap can be divided into four steps: obtaining SUM, activating account, inviting users, and running for election node. Connect the wallet and complete the operation according to the prompts. Each step is described in detail, and even users who come into contact with the DeFi project for the first time can quickly understand the operation process.

(1) according to the project plan, Sum will set up 400 nodes, and the successful subscription nodes will receive the following benefits:

1. The right to earlier layout of ecological staking

two。 Send 20000 SUM per node

3.sumswap exchange fee profit dividend

Node subscription process:

① to get SUM: enter app.sumswap.org through ethersquare wallet software, enter the SumSwap home page, click to get Sum, and then call the contract to transfer to 0.1ETH and return to Sum to the user's address.

② account activation: find the activated address through the SumSwap community, paste the activation address above the activation, click activate, and then transfer the contract call to the activated address to 0.01Sum, and your address will be activated.

③ invitation contest: after the local address is activated, you can invite other users to join the personal ecology. When more than ten people are activated through your address, you will be able to participate in the node pre-sale.

④ subscription node: after completing the invitation competition, enter the node pre-sale page and transfer to 10000USDT as required, that is, you will successfully become a node.

(2) the project will have 3000 members, and successful subscribers will also receive the following benefits:

1. The right to earlier layout of ecological staking

two。 Send sum to each member

3. Discount for sumswap Exchange activities

Membership subscription process:

① activation: when you get the Sum, paste the activated address activation text box, click activate and call the contract transfer 0.01Sum, complete and activate (Note: the recommended relationship after activation can be used for ecological Staking mining).

② subscription: after the end of the pre-sale, the node enters the member pre-booking page, transfers the activated address to the member pre-sale address to ≥ 4000USDT, and completes the member subscription after the transfer is successful.

End of ③: the pre-sale of 3000 members or the end of 486000 blocks. When the total subscription amount ≥ 3000X4000USDT, press "member subscription Total USDT/ 16 million" / Sum settlement. (if the number is less than 3000, it is settled per 0.75USDT/Sum).

In the design of pass planning, SumSwap removes the focus of single user incentive and diluted share of early miners, not only to carve up the transaction fees, but also to enable SumSwap's long-term holding to achieve more growth benefits with the development of the platform and improve the sustainability of the project.

As the node participating in the ecological layout of SumSwap in the early stage, its participation weight is certainly higher than that of ordinary users, and the node has its own halo so that it has a heavier weight in the community, and it will also have a higher say in determining the future community development direction, and can more deeply participate in the pre-project development. The benefit of this result is that they can get more dividend opportunities brought by project development and enjoy the benefits brought by project development.

These are all the reasons why SumSwap's unique staking mechanism is popular, and more related to SumSwap's unique staking mechanism can be searched for previous articles or browse the following articles to learn! I believe the editor will add more knowledge to you. I hope you can support it!

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