Introducing the PearZap DEX and new backup token for $PEAR; $JUIX

The PeaZap DEX will bring some amazing new features and possibilities to the project, for example:

💥The possibility (automatically) to add and remove liquidity to their own native LPs without paying the 2% burn transfer tax of PEAR. This feature will be available at launch of our DEX.

💥The possibility to create liquidity in one click from a token. This zap feature will be developed soon.

💥An easy way to migrate liquidity from another DEX to PearZap DEX.

💥Adding liquidity and support for smaller projects and close partnerships such as a launchpad like POLYDeFi.

💥Having very competitive trading fees with a large part redistributed to the liquidity providers. Their trading fees will be 0.25% on any pairs and 0.2% on the natives pairs. 60% of these trading fees will be automatically redistributed to the liquidity providers. The 40% left will be sent to a dev wallet and used 50/50 to buy back & burn our native tokens and fund our operational expenses ( details : 10% to buyback and burn JUIX, 10% to buyback and burn PEAR and 20% to fund operational expenses ). These ratios are far more competitive compared to the actual DEX we’re using.

💥Following the above numbers, 20% of all trading fees on the DEX will be used to buyback and burn our native tokens. This will be done manually in for the first few times and then it will be fully automated with smart contracts. Those smart contracts will be developed soon. This process will give a strong price floor to our native tokens.

💥It will also bring specific features into our coming vaults and it will open an easy way to bring vaults of new projects that will join our DEX ecosystem. High incentives for projects that will join the PearZap DEX is the goal.

💥Here’s the advantages of projects joining PearZap DEX along with their liquidity:

– Lifetime: reduced trading fee on their pairs to give them a better incentive.

– For 60 days after they joined our DEX: the part of the fee (parts of LPs) which are distributed to the Pearzap fee wallet (20% of 0.2% trading fee) will be disassembled and used as followed: project native tokens will be either burnt or sent back to project (to be defined with each project) and 25% of the other token (USDC,MATIC,BUSD,BNB,USDT,FTM) will be used to buyback project native tokens and either burnt or sent back to project (to be defined with each project)

$JUIX token 

PeaZap DEX comes with a new token: $JUIX. The DEX will also be named; Juix. It’s Juix by PearZap The JUIcy deX!

$JUIX is a new token linked to the PearZap Juix DEX. JUIX stands for JUIcy deX. You already know that PearZap loves its juicy features and especially our juicy APRs.

The primary function/utility of $JUIX token is to incentivize providing liquidity into the DEX. Without $JUIX token distribution into the DEX farms, there will be much less incentive to provide liquidity. Liquidity Providers are mainly rewarded through the following ways into the DEX program:

• Their LPs will gain value over time with the distribution of all trading fees (60% of 0.25% of any trade) added automatically into the LPs
• Extra rewards by staking their LPs into farms to earn $JUIX tokens with great APRs.

$JUIX is uncapped and dedicated to the DEX biggest feature: reward the Zappers! But of course, $JUIX will take a place into coming vaults, games and NFTs to add more and more utility.

Of course $JUIX will come with some built-in burning mechanisms to fight inflation which we’ll talk deeper into our next article. You already know that we master the burning mechanisms with $PEAR (already 3M tokens burned in full automatic mode only on Polygon chain on 15M tokens minted in less than 3 months).

$JUIX will also be integrated into future governance system to let the community vote on important changes on PearZap ecosystem.

What about $PEAR in correspondence to the upcoming DEX ?

$PEAR will stay on the center of the stage with utilities inside our gardens, games, coming Vaults and NFTs.

Until the $PEAR max circulating supply will be reached, $PEAR will continue to be distributed as a reward into our native farms and pools.

When JUIX will reach the front of stage, they will start to introduce a great plan for $PEAR:

💥reducing the emission of $PEAR per block following a schedule within the next months. Reducing the emission will increase the $PEAR rarity.

💥removing non natives farms and pools which are rewarded with PEAR and keep only native farms and pools to drastically reduce sell pressure on $PEAR.

💥introduce an innovative locking system for $PEAR to add more and more incentive to hold PEAR long term.

They will maintain a high focus on $PEAR development in parallel of the DEX and JUIX token development.

$PEAR will also continue its journey to reach more chains.

When DEX ser ?

They will come with more details about the planning in the coming days but here are the main points:

💥PearZap DEX will be launched only after finishing a full security audit. This should be done between the 14th and 17th of November.

💥PearZap DEX will first be launched in a beta version on Polygon with only $PEAR pairs and $OCTAGON pairs from POLYDeFi to start the migration process of liquidity before the launch of $JUIX token. We will come with details about that migration process really soon. We prepared a process with absolulty no transfer tax fee (2% for $PEAR) to help you Zappers having a smooth and really cheap migration process.

💥$JUIX will be launched by a dual fund raise on both PearZap and POLYDeFi platform before its launch. $JUIX launch will be paired with Pearzap DEX (Juix) final launch. We will come soon with details and numbers about this dual fund raise.

PearZap.Z is High yield farms & pools on the Polygon, Binance Smart Chain & Fantom Chain

SOURCE: 
Medium