[PRESS RELEASE: Hong Kong, China, 17 October 2021]
MojitoSwap is a KCC-based, decentralized exchange (DEX), has officially been launched. MojitoSwap users can trade on the platform starting October 15, 2021. MojitoSwap was developed by members of the KCS community. It aims to provide easy access to KCC DeFi ecosystem. To encourage early adopters, 1,000,000 MJT tokens are being airdropped along with the launch.
Numerous DeFi applications were created to satisfy the increasing demand from investors and developers as a result of the growth of the crypto market. Leading DEXes such as PancakeSwap have also achieved significant milestones, with public chains being backed by the top crypto exchanges.
PancakeSwap was the DEX protocol built upon BSC and surpassed UniSwap as the top decentralized exchange. MojitoSwap has committed to being the next generation DEX based in the KCC ecosystem.
MojitoSwap will launch 1 million MJT tokens. MojitoSwap’s native token is MJT (MojitoToken), with a total supply in excess of 100,000,000. MJT can be used for utility and governance purposes. MJT holders can not only participate in liquidity mining or lending for profits, but they also have the right of the future governance and Mojito DAO.
MojitoSwap says there are two rounds total of airdrops. On October 9, 2021, the first round was launched. Participants will be those who have completed a certain amount of transactions on KCC before the block height of 2,080,000. The airdrop will be valid for six months.
The second round will begin on October 19, 2021. KCS holders who have reached a specific number of tokens within their KCC wallet between October 19, 2021 and October 21, 2021 (UTC), are eligible to join. Within 7 days of the snapshots being taken, airdrops will be announced. For more information, please visit MojitoSwap’s official website.
MojitoSwap will launch a variety of functions in the coming months. These include Bar (Farm), Wine Pools and Cocktail Tickets, as well as NFTs.
MojitoSwap, a DEX created by KCS community members and aimed to provide easy access to the KCC DeFi environment. MojitoSwap’s team is made up of senior analysts, technical experts with extensive experience in blockchain development, research analysts who have deep involvement in multiple blockchain projects, and HODLers who have an in-depth knowledge of the DeFi ecosystem and early investors in ETH and BTC.
KCC is a public blockchain project that was initiated and developed by KuCoin and KCS. It aims to address the issues of high latency and high fees for Ethereum. It is Ethereum-based and compatible with smart contracts and EVM, in order to offer developers and community members a faster, more convenient, and cheaper blockchain experience.
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