You usually cannot see a ninja coming, but this one is different. He’s coming, and he’s coming with goodies. Ladies and gentlemen, I present to you Ninja Swap. Ninja Swap is a decentralized exchange (DEX) platform on Binance Smart Chain (BSC).
What exactly is Ninja Swap?
Ninja Swap is a DEX on BSC that supports swapping, farming, and staking of BEP20 tokens. In terms of how it operates, Ninja Swap is similar to Uniswap except for the higher gas fees and slower transactions. Ninja Swap is cheaper and faster.
Ninja Swap DEX layout
The team behind Ninja Swap
According to the one-pager on the Ninja Swap website, four team members are listed by their first names only as Leonardo, Michelangelo, Raphael, and Donatello. Leonardo is the Search Engine Optimization (SEO) expert with 10 years of experience in web and graphic design. Michelangelo has a Ph.D. in Mathematics, Computer Science, and Logic. Raphael is a computer engineer who has developed apps for blockchain projects before. Finally, Donatello is an engineer skilled in blockchain systems and tokenomics. From where I am standing, the team looks pretty solid.
Tokenomics of Ninja Swap
Ninja Swap has several distinguishing features from other DEX’s. firstly, only a limited number of Ninja tokens will be minted (3.8 Million Ninja). Secondly, there are no farming and staking tokens allocated to the team; all the income goes to the participants. A maximum of 16% of the total token supply is what is for the team. A half percentage (0.05%) of Liquidity Provider fees is for buyback and burning.
Automatic Minting Offering (AMO)
AMO is a revolutionary tokenomics concept. It means that tokens will only be issued if the price of the NINJA token increases. Therefore, participants who buy earlier will buy the token at a cheaper price than those who buy it later. This is what makes the referral program on Ninja Swap very important. If someone purchases Ninja tokens with your reference number, you will receive 10% tokens as commission. Due to AMO, it means that the tokens you will receive will have more value.
How to participate in the Ninja Swap rewards
There are currently several ongoing ways in which one can enter early and benefit from the growth of Ninja Swap. The first way is to join the token sale and get the tokens at a much cheaper price. The second way is through farming and staking. The third way is through the CAKE airdrop whose claiming request began on 30 April 2021 (UTC +0); eligible addresses are those holding between 0.01 CAKE – 50 CAKE. The final way is via an ongoing bounty program that allows participants to share in the preminted 80,000 NINJA tokens. You can participate in the bounty by going to the website, connecting your wallet, and participating in the tasks listed such as joining the Telegram group, following the Ninja Swap Twitter page, creating memes, making a YouTube video, or writing an article.
Your final share of the 80,000 NINJA tokens will be calculated as follows:
Final Words
When it comes to crypto projects, the ones most likely to succeed are the ones bringing in something new to the table. Ninja Swap is introducing a novel concept of Automatic Minting Offering (AMO). The tokenomics are quite attractive, and the project code is available on GitHub for all to inspect. Therefore, I am sure that Ninja Swap is a project worth looking into. If you wish to participate in the bounty and earn some points, don't forget to do so using my bounty referral below:
https://ninjaswap.app/bounty?ref=MHhDZTFiOTFDNTE3M0RkRUVkOTgwQ2Q4NTAwRmM4Zjg5xJU1NWM1MjY3
