Reviews DaoSwap Project ‘’We Bring Maturity To The Yield Farming Craze’’

8 min readOct 19, 2020

Serial series of articles about Coin and Token of Blockchain-News. Today, let’s learn about the DAOSWAP (DVS) copper.

Along follow the article!

About DAOSWAP
In the crypto world today, Decentralized finance is inevitable and it has replaced the traditional investment and finance systems. It refers to the composition of financial apps (especially DApps) that are being deployed on top of the blockchain. DAOswap uses decentralized networks and open-source protocols to provide its users, a variety of products and services including staking, yield farming, and swapping. The idea behind the working of DAOswap is to create DApps for individual services on top of the ethereum distributed ledger technology which is based on peer-to-peer mechanisms.

DAOswaps brings numerous benefits to its users when compared to traditional financial services. Through the use of smart contracts, your investments are made easy and secure. The smart contracts automate the process of yield farming when the conditions are met. This eliminates human intervention and enhances privacy and greatly improves security.

What is Yield farming?
Yield farming in other words is termed liquidity mining. Yield farming is a way to earn income by holding cryptocurrencies. In layman’s terms, you can lock your tokens in DAOswap and ger rewards. People confuse yield farming for staking. But on the whole, yield looks similar to staking but it deviates from it in a significant way.

Yield farming involves a concept called liquidity providers who add funds to the liquidity pools. The liquidity pool in DAOswap is nothing but a smart contract or a piece of code that contains funds. When you provide liquidity to the DAOswap liquidity pools, you will be rewarded automatically by the smart contracts. This eliminates human intervention and the process is secured and trustworthy. The reward comes from the fees generated by the DAOswap DeFi platform.

These reward tokens from DAOswap can be deposited again into the liquidity pool to earn rewards and so on. This complex strategy has been made so simple by DAOswap. If you are farming a typical ERC-20 token, the return will most probably be the ERC-2o token, since this decentralized platform is deployed on the ethereum blockchain. With DAOswap, the yield farmers can move their funds around quite a lot between different protocols in search of high yields. DAOswap provides other economic incentives that benefit the users. The basic concept is that liquidity tends to attract more liquidity as in the case of centralized exchanges.

DAOSWAP’s Problem Solving
DAOswap is a decentralized finance platform that make use of clever strategy to help you earn good rewards with your cryptocurrency.Itis an act of putting your crypto to work by keeping crypto temporarily at the disposal of DAOswap’s liquidity pool to earn more cryptocurrency.DAOswap leverages DeFi protocols and products to generate high return rates with over 100% annualizedyields. Therefore you can put yourtoken into DAOswap’s defi protocol to earn interest while hoping to secure and decentralize the system. The earning of interestwill be decided by the smart contractthatis deployed on the Ethereum blockchain.

Liquidity has always been the primary concern in the DeFi space. The startups need more money though there are a lot in the banks, they borrow more to run their daily business operations, investments, and so forth. In DAOswap, the required liquidity is provided by strangers on the internet. Hence DAOswap attracts HODLers with idle assets through innovative strategies. Another thing to note is that DAOswap offers services with high liquidity to avoid serious price slippage and gives the farmers or users, a better overalltrading experience. When you are looking for making a marketfor your business, DAOswap will be the best option that allows you to borrow from its users which is quite popularin the field of crypto today.

DAOswap enhances liquidity and itwillrivalthe options of borrowing from venture capitalists and debt investors in the future. This will revolutionize the market making strategies ofthe startupswithout having to depend on VCs or angel investors.

Mission
The ultimate aim of DAOswap is to put your crypto assets to work and generate the most returns possible on those assets.

Vision
DAOswap envisions the huge growth of decentralized finance in the current market and in the near future. The goal is to serve people by outdating the drawbacks of centralized traditional finance ecosystems.

How it works?
The members of the DAOswap ecosystem can put their cryptocurrency in the liquidity pool. These assets in the pool provided by the liquidity providers will be lent to make the market and enhance liquidity. The LPs or yield farmers will get passive income in return to their contributions.

Benefits of using DAOSWAP
DAOswap is a decentralized platform that is no controlled by any central authority, enabling the users to enjoy the utmost freedom. People can stake, deposit against the liquidity pools, and involve in yield farming with ease and comfort. The user interface of DAOswap is very friendly and helps people by providing clear navigation. DAOswap allows everyone to earn passive income with their digital assets

1.Decentralized

In the case of central investment or finance systems, governance is done by a single entity. Such systems are not transparent. DAOswap on the other hand is decentralized and operates based on distributed ledger technology. The entire network is transparent and the yield farmers are accounted for every single penny they put in.

2. Secure

The decentralized application (DApp) is built on the Ethereum blockchain. Every single transaction is recorded on the blocks. The blocks are actually thousands of computers present across the globe. The copy of your transaction detail will be in every node and there is no way it could have tampered.

3. No Middleman

The investments in DAOswap do not involve any intermediaries or third-party payment processors. The application is based on the Peer-to-Peer (P2P) technology. This enhances transparency and anonymity.

4. Automated

The yield farmers are rewarded based on smart contracts. Smart contracts are nothing but a piece of code written on the Ethereum blockchain that determines the regulations on which the return has to be provided. With the integration of smart contracts, there is no place for human intervention in DAOswap.

Product DAOSWAP

In order to prove its transparency, DAOswap has come up with a customized dashboard for its community members. You can keep track of your investments. Every crypto you put in is accounted and you can also get exposed to your earnings. The UX of the dashboard is designed in such a way that navigation is too easy, to be honest. This analytics will help you storm the brain regarding the effectiveness of your passive income.

Track Your Investment
Calculate Rewards
Easy Data Visualization
Best in Class Logical Layout
Saves User Time
Suitable In-Display Media

What is DVS Token?

DVS is the token of the official token network in the DAOSWAP network. It is run on the Ethereum platform according to the ERC-20 standard.

DVS is issued by DAOSWAP currently the project is in the Public Sale stage.

Basic information about copper DAOSWAP (DVS)

Ticker: DVS
Contract: 0x9ec0E2F64cc73fEfDfa418CCD1B5570A5c57A825
Decimal: 18
Blockchain: Ethereum
Token Standard: ERC-20
Staking &Farming Rewards : Release As Per Requirement
Token type: Utility Token
Initial Supply : 50%(25000 DVS)
Total Supply: 50,000 DVS
Uniswap Listing Price : 25 DVS / ETH
Soft Cap: 250ETH
Hard Cap: 600 ETH

Token Allocation DVS

Token sale 50%
Staking & Farming Rewards 25%
Marketing & Development10%
Liquidity 10%
Team 5%

Token Sales DVS

Total amount of DVS released is 50,000 DVS. No additional token releases will take place. If all DVS available for sale are not purchased, the remaining tokens are destroyed. Token distribution takes place Immidiatly After Public Sale Completion the token sale is complete.

DVS Token transaction fees

Currently, DVS is running on the ERC-20 platform of Ethereum. So when transferring or transferring DVS, users will be charged the following fees:

Blockchain network transaction fees are collected by Ethereum.

Exchange fee: withdrawal fee, transaction fee collected by the exchange.

How to earn and own DAOSWAP (DVS)

At the moment, DVS coin is in the public sale process.

Those who want to earn Token DVS can only buy by participating in the Public Sale of the project here.

Secure DAOSWAP (DVS) storage wallets

DVS token is developed on the Ethereum ERC-20 platform. So you can store DAOSWAP (DVS) on Ethereum wallets like:

Web Wallet: Myetherwallet, Mycrypto, Metamask.
Hardware Wallet: Ledger Nano S, Trezor.
Mobile Wallet: Atomic Wallet, Trust Wallet, ImToken.

However, according to the announcement of the dev team, you should host DVS on platforms that support ERC20 to ensure safety.

The future of DVS Token

In the Business Model of DAOSWAP, DVS is used as the Utility Token.

Here I would like to emphasize the Business Model of the project as follows:

The goal of the project is to develop the DAOSWAP ecosystem through a decentralized consensus among DAOSWAP (DVS) token holders.

This will ensure high liquidity for investors. In addition, it also helps investors enjoy the benefits of cryptocurrencies.

Should you invest in DVS Token?

Some keypoints I noted above so that you can learn more carefully and make your own decision to invest in the project.

Roadmap

The project has completed the new goals that have been set out until the end of 2020. The next plan of the project has not been officially announced.

Partners

DaoSwap’s partners are divided into three groups: Exchanges, Adoption & Other.

Summary

At the end of this article, I hope you have more useful information about the DAOSWAP (DVS) coin before making investment decisions.

Do you have any thoughts or questions about this DAO SWAP (DVS) coin? Leave a comment below. The Blockchain-News team and I will respond as quickly as possible.

In addition, you can join Blockchain-News Group to discuss more about the coins / tokens that you are interested in.

Dear brothers and sisters, see you in the upcoming articles!

For more information please visit links below:

Website: https://daoswap.app

Telegram Group: https://t.me/daoswap_chat

Telegram Channel : https://t.me/daoswap_announcements

Twitter: https://twitter.com/daoswap

Medium: https://medium.com/@daoswap2021

Reddit: https://www.reddit.com/user/daoswap2021

YouTube Channel: https://youtube.com/channel/UCikgBUoBb7CArvwyQLfntzw

Author

Bitcointalk Username: tunaduong