ZoomSwap is a cross-chain infrastructure project that builds liquidity for layer-one blockchains AMMs and partnering projects. Launching on loTeX, ZoomSwap establishes a diverse ecosystem including Zoom Exchange, Zoom Lottery, Rocket Pool, Farm and NFT marketplace.
What is ZoomSwap’s Vision?
ZoomSwap is building a cross-chain platform for projects to provide farm services for all ecological projects on IoTeX, incentivize users to join the farm and earn ZoomSwap Token and other project tokens.
How many ZoomSwap are there?
There is a total supply of 54,867,456 ZoomSwap tokens.
What does ZOOM serve in the ecosystem?
Your ZoomSwap tokens could be used for the transaction fees on ZoomSwaps. In the future, you can use your ZoomSwap tokens to mint limited edition NFTs. There would be an additional 5% of the total minted tokens and it would be allocated to the treasury. All the governance polls would be depending on the additional tokens stored in the treasury.
How to swap tokens on ZoomSwap?
Token swapping on Zoom is very simple. ZoomExchange directly interfaces with the third-party AMM liquidity pool, which means that you can directly trade on third-party DEX through ZoomSwap. For each of your transactions, you would need to spend 0.3% as Liquidity Provider Fee. ZoomSwap would not charge any additional fees, and they do not retain any part of the liquidity providers reward.
How to mine ZOOM？
ZoomSwap token could not be mine as they are using Proof of Stake (POS). Instead, you can stack your ZoomSwap tokens to earn their stacking rewards.
Where to store ZoomSwap Tokens?
ZoomSwap (ZOOM) is hosted on the IoTeX blockchain network, therefore, you would need to set up a wallet that supports the IoTeX network. Some of the popular IoTex wallets that you can store your ZoomSwap tokens are the official IoTeX wallet and also Metamask wallet.
