Deep Dive on Paybswap Finance Ecosystem
Paybswap is a cross-chain automated market maker (AMM) yield farming and NFT marketplace on Binance Smart Chain. Paybswap takes full advantage of its cross-chain features in order to power trading between assets from multiple blockchains using bridge modules. The cross-chain bridge is to connect Ethereum Chain and Polkadot ecosystem.
Paybswap’s architecture is consists of the main chain called “The Relay Chain’’, connecting to different blockchains through “The Bridge Chain’’.
The Relay Chain — The relay chain is the main Paybswap chain, this is where all the independent
blockchain connects.
The Parachain — Parachain is known as “parallelized chains’’, which are built on the Paybswap layer, and they operate in parallel.
The Bridge Chain — These are the solo chains that connect external blockchain networks like Ethereum, to the main relay chain. The cross-chain communication amongst the external chains and the relay chain goes via the bridge chains.
Validators — These are the nodes that actually validate everything on the Paybswap network and add
blocks to the main relay chain.
Photo courtesy of Paybswap
Collators — These are the nodes that are responsible for collecting all the transactions happening on the Parachains and send them to validators to add these transactions in the blocks, which are later added to the main relay chain. The overall architecture is neat and simple, it provides more interoperability and cross–chain communication by introducing a separate Bridge Chain.
TOKENOMICS
Token Name: Paybswap
Token Sticker: $PAYB
Total Supply: 1,000,000,000
Contract Address: 0x916792fd41855914ba4b71285c8a05b866f0618b
40%—Circulating Supply: 400,000,000 (To be distributed during presale)
20%—Staking and Farming: 200,000,000 (Locked for 14 Months)
10%—Liquidity: 100,000,000
17%—Marketing and Development: 170,000,000 (Locked through a smart contract, release as and when needed)
10%—Team and Advisors: 100,000,000 (Locked through a smart contract 10% approved for withdrawal monthly)
3%—Reserved: 30,000,000 (For contingencies)
FUND UTILIZATION
45%—Raised fund to be locked on DEX Exchange liquidity after Presale.
25%—Raised fund to be used for growth & expansion of Paybswap platforms, and potential centralized
exchange listings.
15%—Raised fund to be used to support the team and solution partners regarding Paybswap ecosystem products development and marketing.
10%—Raised fund to be used for buyback and burn $PAYB token after presale
5%—Raised fund to be used for Legal and accountancy.
The DeFi space is evolving in a very rapid way, and the lack of cross-chain interoperability platforms has been one of its biggest hurdles to grow. But Paybswap comes out with a great soulution to the problem. The basic trading functionality of PaybSwap comes directly from the Pancakeswap codebase. Liquidity providers are incentivized for providing liquidity to trading pairs with rewards drawn from the fees paid by users swapping between the paired assets.
Paybswap also features liquidity farming inspired by related projects such as Sushiswap. It takes full advantage of its cross-chain features in order to power trading between assets from multiple blockchains using the Bridge modules. To learn more about Paybswap bridge from ERC20 to BEP-20, anyone can check this article to further understand how it works.
ABOUT PAYBSWAP
Paybswap is a cross-chain Automated Market Maker (AMM) and yield farming on Binance Smart Chain
RESOURCES
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