In an exciting development for the Internet Computer Protocol (ICP) ecosystem, ICPSwap is poised to embark on its SNS (Swap, Neuron, Stake) decentralization journey. This significant milestone marks a pivotal moment in the evolution of ICPSwap, paving the way for decentralized swaps and enhanced governance within the platform.
Empowering DeFi with ICPSwap
ICPSwap stands as the premier Decentralized Exchange (DEX) within the ICP ecosystem, offering a comprehensive suite of financial and market services. From token standards trading to dedicated staking pools and robust yield farming, ICPSwap provides users with a holistic DeFi experience unlike any other.
With the imminent launch of its SNS DAO, ICPSwap is set to revolutionize governance and foster community participation in decision-making processes.
Key Elements of the Journey
As ICPSwap prepares for its SNS decentralization, here are some critical elements to note:
Token Distribution Proposal
- Total Supply: 1 billion ICS tokens
- Initial Distribution Breakdown:
- 48% reserved for the ICPSwap DAO Treasury
- 26% allocated for swap to decentralize governance and raise funds for the SNS
- 9% allocated to the ICPSwap team and advisors with a dissolve delay of 6 months
- 10% allocated to Seed Round investors, vesting over 24 months
- 3% allocated to Strategic Round investors, vesting over 24 months
- 4% allocated to Private Sale investors, vesting over 11 months
- Ledger transaction fee: 0.01 ICS token
Governance Structure
- Participants in the decentralization swap will receive tokens in a basket of 5 ICS neurons of equal value, each with dissolve delays ranging from 0 to 12 months.
- Team and advisors will receive tokens in a basket of 16 neurons, vesting quarterly over a 48-month period.
- Seed Round investors will receive tokens in a basket of 24 neurons, vesting over 24 months.
- Strategic Round investors will receive tokens in a basket of 24 neurons, vesting over 24 months.
- Private Sale investors will receive tokens in a basket of 12 neurons, with linear unlocking over 11 months.
SNS Swap Details
The SNS decentralization swap will distribute 26% of the total ICS token supply. Swap participation parameters include various criteria such as vesting schedules and dissolve delays, ensuring fair and equitable distribution among participants.
Join the ICPSwap Community
For the latest updates and details on ICPSwap's SNS decentralization, interested individuals are encouraged to explore the project's whitepaper, engage on Twitter, and join the conversation on Telegram.
As ICPSwap sets the stage for decentralized governance and community-driven decision-making, the future of DeFi within the ICP ecosystem looks brighter than ever. Stay tuned for further updates and announcements as ICPSwap continues its journey towards empowering users and fostering innovation in the world of decentralized finance.
