Palmare x WateenSwap Strategic Partnership
Palmare is a community-first Web3 Social Network App with inbuilt SportFi & SocialFi, has announced its partnership with WateenSwap.
WateenSwap is a decentralized exchange (AMM) automated market maker on Binance Smart Chain allowing users to swap BEP-20 tokens. BEP-20 tokens are tokens built on top of the Binance Smart Chain that doesn’t have its own blockchain. Moreover, the platform is built on Binance Smart Chain instead of Ethereum, giving it a number of advantages. The novelty about WateenSwap is that it uses permissionless liquidity pools that are controlled via decentralized algorithms only. These algorithms allow WateenSwap to work entirely automatic without any dependency on market makers as it has its automated market makers. WateenSwap develops its own decentralize router and LP which will facilitate trades.
Besides, they offers very less fees on swapping BEP-20 tokens and has very strong rewarding mechanism, where users can earn rewards in several ways. Users can add liquidity to the particular pair to facilitate trade and receive share of pool LP tokens so that they will get rewards of 0.17% on every trade. In addition they can also stake the LP tokens into the staking pool and double up their portfolio.
Furthermore, WateenSwap has staking & farming pools, syrup pools where user can stake LP tokens or WTN tokens to earn massive rewards. In fact, they develops own referral system, lottery, launchpad, NFTs marketplace and prediction BNB market which has number of advantages to the users.
In addition, they facilitate 100% trading features in decentralize module, where no one can control the users fund even if their wallet is connected to their site. This gives high relief to the users and makes it attractive in the current Defi trends. Above all, they has very high secure platform and uses very high-tech servers to protect users and having 24×7 support by developers.
There are various prime features that you can find in WateenSwap:
- Automated market making: Process of swapping, trading and other exchanges in the platform takes place automatically.
- OWN router & LP: WateenSwap develops its own Trading Router and LPs.
- Swapping: Users can swap or exchange tokens with one another to facilitate trading and to increase the revenue. Swapping of BEP-20 token for WTN token. Unlimited token swapping is applicable here. Users can also earn rewards through swapping.
- Pooling: Miners join the pool to generate high leverage by staking and earring rewards and tokens.
- Yield farming: Users of WateenSwap can stake and farm tokens to earn rewards. By staking & farming LP token, users can be rewarded with WTN token.
- Lottery: Users can earn reward by winning the lottery and will need WTN token to buy the lottery tickets.
- Trading fees: WateenSwap has very less trading fees when compared to other exchanges.
- Launchpad: Users can participate in new token sale by holding WTN-BNB LP tokens to get brand new tokens with very less price.
- Token-economics: They has 100% Deflationary token-economics which is loved by our community.
About Palmare
The introduction of the Move to Earn app has redefined the fitness industry. Based on this success, we decided to make the Palmare app based on researching and optimizing the Earning system and bringing a new experience to the sports community. Palmare is a Community-driven Web3 Sports App with an inbuilt SocialFi and SportFi element.
In Palmare, each user profile is a token itself. Users create a profile on the app, for which they will mint an ID’d profile NFT. This NFT controls the profile, and thus, its owner becomes the controller of the given profile.
SOURCE: MEDIUM
