Swap NUTs to New Cross-chain EQ Tokens!

Swap NUTs to New Cross-chain EQ Tokens!

By Equilibrium | Equilibrium | 21 Aug 2020


We are proud to announce our token swap of NUT for EQ, which will take place starting August 31, 2020 at 8:00 am UTC, and continue for 30 days until September 29, 8:00 am UTC.

Time is of the essence

During the first 5 days of the Swap, retail NUT holders will be able to exchange their tokens for the new Equilibrium utility token at a whopping rate of 1 NUT: 100 EQ. Users swapping > 5,000 NUT will receive an additional bonus. After the initial 5 days, the swap rate will gradually decrease, finally reaching 1:75 after 25 days. The swap will end after 30 days.

Opportunity for tokenholders

As we mentioned before Equilibrium was evolving into the first decentralized cross-chain money market that combines pooled lending with synthetic asset generation and trading. Using Polkadot’s substrate technology to create our own blockchain, we will extend our DeFi product line to a one-stop cross-chain money market.

Project innovations

  • Equilibrium will be cross-chain interoperable ($EOS, $BTC, $ETH, $TRN, $XPR, $DOT)
  • It’s built on Polkadot, so it’s scalable, secure, and interoperable
  • The maximum possible liquidity through cross-chain pooled assets
  • Essential DeFi use cases in a one-stop-shop
  • Convenient user interface to manage all your DeFi activities across platforms
  • A lower level of minimum over-collateralization at 110%
  • Built-in cross-chain DEX
  • Three-step proactively ensured liquidity and system solvency.

Equilibrium — the DeFi missing link

With these expanded features, Equilibrium will become the essential missing link which will open the vast remaining potential of the DeFi market. If 92% of the current DefI market is locked on Ethereum, ETH is only 12% of crypto, leaving colossal possibility for growth — which we will make accessible by making DeFi interoperable.

It’s a utility token, not a security

We have a solid track record through our first project, which uses native assets on EOS, including a utility token and a stable coin. According to US legal expertise, these are not considered to be securities by US law. The project anticipates a similar assessment of the status of the new assets, which will have comparable, albeit expanded functions.

Metrics of the Swap

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Special conditions applied on swapping over 5000 NUT.

We will announce a step-by-step guide pretty soon. Follow us and stay tuned with our updates!


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Equilibrium
Equilibrium

The first decentralized interoperable money market that combines pooled lending with synthetic asset generation and trading. Get access to cross-chain liquidity.


Equilibrium
Equilibrium

The first decentralized interoperable money market that combines pooled lending with synthetic asset generation and trading. Get access to cross-chain liquidity.

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