Niubiswap is extremely excited to announce the integration of the Niubiswap DEX on Polygon (MATIC).
This is important because it allows an opportunity to implement an interesting tokenomical structure and distribution/burn schedule. It’s also important to note that Niubiswap and Niubiswap DEX are two separate entities that will have different prices and APY until a bridge is built that can connect and bring equality to the network.
By retaining these tokens, the team is pledging to dedicate these tokens to generate higher APY for the community that is staking their tokens and contributing to the ecosystem. The APY will be higher in the Niubiswap DEX due to the separation of both ecosystems for the time being. In addition, a certain number of tokens will be allocated for burning to reduce token velocity and try to organically drive demand.
Niubiswap is a decentralized exchange (DEX) which runs on Binance Smart Chain