Ethervista claims to be a next-generation platform on Ethereum, setting a new standard for AMM trading while also enabling the issuance of meme coins, similar to pump.fun. Let’s explore this project, which has seen significant growth over the past three months, with Unich Analysis.
What is Ethervista (VISTA)?
EtherVista is a DEX aiming to set new standards for AMM models, competing with Uniswap through its unique trading mechanisms, fee distribution model, and deflationary tokenomics. The project has attracted thousands of users, driving the VISTA token's price to increase exponentially.
Ethervista introduces a fresh approach to liquidity management and token launches on the Ethereum network. One of its key features is a five-day liquidity lock for token creators, which helps prevent rug pulls that often occur within the first four days after a token is launched on platforms like Pump.fun.
Key Features of EtherVista
An AMM DEX
Similar to Uniswap, EtherVista's main feature is an AMM DEX, allowing buyers and sellers to trade any token seamlessly.
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Euler Model with ETH as Protocol Fee
Unlike Uniswap, where users pay a 5% transaction volume fee, EtherVista’s AMM requires users to pay ETH fees when swapping tokens. These fees are then distributed to liquidity providers and token creators on the platform, encouraging deeper engagement within the EtherVista ecosystem.
By using Ethereum as the network fee, Ethervista has become a top gas burner on Ethereum. With high traffic driven by users and the Banana Gun bot, EtherVista is now the third-largest dapp in terms of Ethereum gas usage, following Uniswap and Tether.
Fairlaunch Model for Memes (Etherfun)
Using an adapted version of pump.fun’s model with special incentives for project founders, the bonding curve needs only to reach $4,000, compared to pump.fun’s $12,000, for DEX listing. Each transaction earns the token creator $5, while the protocol earns $4, encouraging frequent trading. Additionally, early and last buyers receive incentives of 2% of the ETH pool supply, with the remaining amount added to the pool’s liquidity.
Deflationary Tokenomics
Deflationary Supply: VISTA has a total supply of 1 million tokens. Shortly after listing, around 36,000 tokens will be bought and burned. The protocol will continue burning tokens to reduce the total supply and increase token value, helping prevent inflation. Revenue will also be used to enhance token value rather than driving the project itself.
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Reward Mechanism: Using a sequence-based Euler method, the platform calculates rewards for liquidity providers, ensuring proportional rewards based on liquidity shares and preventing potential manipulation.
Expanding Features
Ethervista plans to expand its services to include ETH-BTC-USDC pools, lending, futures contracts, and flash loans. These features are expected to attract more retail traders and help EtherVista become a comprehensive DeFi platform on Ethereum.
VISTA Token Information
- Token Name: Ethervista
- Symbol: VISTA
- Blockchain: Ethereum
- Contract: 0xC9bCa88B04581699fAb5aa276CCafF7Df957cbbf
- Total Supply: 1,000,000 VISTA
VISTA Token Allocation
At launch, 100% of the total supply (1 million VISTA) was allocated to the VISTA/WETH liquidity pool, with 36,000 tokens automatically bought and burned as of this article's date (October 20, 2024). Most VISTA tokens are held by Hardlock and Hardstake contracts, with top holders representing about 20% of the supply. EtherVista’s anti-sniping measures ensure no single holder owns too large a portion of the total supply.
What is VISTA Token Used For?
100% of the total supply is distributed to users providing liquidity for token pairs. Fees are distributed to token holders or liquidity providers.
Where to Buy and Sell VISTA Token
You can trade VISTA Token on leading exchanges like MEXC, BINGX, Gate.io, LBank, or directly on the project’s website.
What is the Daily Trading Volume of Ethervista (VISTA)?
The daily trading volume of Ethervista (VISTA) is $26,577,317, reflecting a 17.90% increase over the previous day and signaling a recent surge in market activity.
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