Best Smile 😊 with EggplantSwap

EggplantSwap

3 min readMar 20, 2021

What is the best smile?

The Eggplant will be the next smile for you soon 😊

So what is our target ?

Our Target is Let’s Move to #1 Liquidity providers on BinanceSmartChain and Let’s Smile with EggplantSwap.

What is EggplantSwap? Why Binance Smart Chain?

EggplantSwap is an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain. So why choose Binance Smart Chain ?

The simple answer is we smile 😊 Because it’s FASTER and CHEAPER

Enter Binance Smart Chain. By leveraging BSC, we will be able to increase the speed of transactions while massively reducing the fees at the same time. Great Smile, Great Choose 😊

How does EggplantSwap work?

EggplantSwap will be the most comfortable for both Liquidity Providers and User doing token swaps because it’s Faster and Cheaper. It is a protocol that allows users to keep the stability of their asset positions and get a good maximum yields with minimal risk. liquidity providers will get reward with EGP tokens from which they can earn a share of EggplantSwap’s trading fees and use for voting as part of EggplantSwap’s governance.

But first me Introduce our 😊Eggplant

Token: Eggplant (EGP)

Chain: Binance Smart Chain (BEP-20)

Emission rate:

Reward per block — 10 EGP

Daily emission (Based on 28.800 blocks per day) — 288,000 EGP per day

Distribution:

Farmers — 75% of the rewards per block (7,5 EGP)
EGP Solanum holders — 25% of the rewards per block (2,5 EGP)
Farmers daily — 216,000 EGP (based on 28.800 blocks per day)
EGP Solanum holders daily — 72,000 EGP (based on 28.800 blocks per day)

Handling Eggplant Supply

Eggplant supply does not have a hard limit.

There’s currently no hard cap on the supply of EGP token, making it an inflationary token.

Community members usually have a point to this concern because it seems like an inflationary token, members can rest assured as there are measures in place to counter inflation.

EGP’s primary function is to incentivize providing liquidity to the exchange. Without block rewards, there would be much less incentive to provide liquidity (LP fees etc. would remain).

How EGP supply is reduced without a hard cap

We going to making deflation higher than emission by building deflationary mechanisms into Eggplant’s products. This goal is for more EGP to leave circulation than the amount of EGP that is produced.

Reducing block emissions

By reducing the amount of EGP made per block, we slow inflation. This has already been done once: The first reduction in block emissions effectively reduced the number of EGP produced10 EGP per block. But we don’t want to do this too frequently, too early, for the same reason we don’t want a hard cap: we still need to incentivize people to provide liquidity.