Beamswap IDO Project Announcement
BeamSwap is primarily a decentralized exchange (DEX) with an automated market maker (AMM), providing liquidity and peer-to-peer transactions to its users.
But BeamSwap’s aim is to be much more than that, and their long term vision is something that Synapse supports with all of their Network.
Supporting an array of services and features, BeamSwap will allow you to swap crypto assets, both fungible and non-fungible, earn passive income from staking and yield farming, and even launch your own crypto projects on Moonbeam.
In just four years, the DeFi space has grown from its humble beginnings to over $100 billion of total value locked in November 2021.
Today, in a period of volatility and low market volume, DeFI is valued at 96 millions, and the trends all point to another great year for DeFi growth in 2022 .
Decentralized exchanges (DEXes) are a crucial part of the DeFi space, amounting to $31.5 billion of total asset value locked behind their protocols, meaning that a good third of the market is constantly being used to trade, stake, and yield, essentially making DeFi the most active and volatile market in the world.
Every day, more than ten DeFi projects launch and offer a decentralized take to the financial autonomy of everyday users.
Between the user growth and the very active market sphere of Decentralized finance, fueled also by the rising devaluation of fiat currencies, the DeFi space is set to continue the path of expansion and innovation.
Many of the DEXEs we mentioned already dominate the DeFi space at large, but most of them are built on the Ethereum blockchain, a network with high transaction fees and scalability issues.
Understanding the ever-growing market demand as well as infrastructural requirements needed to support such an inrush of new users, Beamswap aims to position itself at the center of the DEX and DeFi spaces within the Moonbeam ecosystem.
The Beamswap team has chosen the Moonbeam ecosystem to launch their DEX, with multiple reasons behind this choice as the Polkadot parachain has demonstrated time and time again Its power, as well as having raised the most funds in all Polka parachains, accompanied by the highest level of contributions.
Being Ethereum-compatible, it merges Ethereum’s ease of use and the adaptability of the ERC smart contracts with the scalability power of Polkadot.
It also ensures a seamless transition from other EVM chains, giving developers and users more room for connectivity and the use of advanced features.
In the Moonbeam ecosystem, Beamswap has the first-mover advantage.
To respond to user needs, offer their features to the widest audience possible and support further development, BeamSwap has chosen Moonbeam.
With cross-chain integrations, it facilitates interoperability and supports the decentralized aspect of the Beamswap platform, and with on-chain governance, the changes and upgrades to features are managed and implemented through user collaboration.
Moonbeam’s low gas prices make the Beamswap platform’s services highly competitive, while the overall scalability supports further growth and sustains the ever-growing user demands.
The Synapse Network has chosen to stand behind the BeamSwap for multiple reasons, from their strong foundation to their long term vision, and in the end, we see a brilliant project with good fundamentals, a dedicated team and a lot of potential to develop on their platform.
Below you will find everything you need to participate in their presale. In the following weeks we will keep updating you on everything that’s going on behind the scenes, so stay tuned to our announcement and media channels and be ready to participate in our next launch.
- 12.01.2022 9 PM UTC — Whitelist start (mandatory for non-SNP stakers): https://gleam.io/wfQzp/synapse-network-beamswap-ido
- 13.01.2022 9 AM UTC — SNP stakers can start to register their interest in guaranteed allocation
- 15.01.2022 9 AM UTC — End of time for Whitelist and for interest registration
- 15.01.2022 7 PM UTC — Whitelist Announcement, publication of allocation size, KYC for Whitelisted start
- 16.01.2022 9 AM UTC — Sale Start
- 17.01.2022 9 AM UTC — Sale End
- 18.01.2022 9 AM UTC — Return of overallocated unused funds
- Round — IDO
- Price per token — 0.02$
- Platform allocation — 150 000$
- Gleam competition allocation — 150$
- Gleam competition — number of winners — 100
What is Beamswap and why are they so interesting?
Beamswap is a DeFi Hub and a Decentralized exchange (DEX) with an automated market maker (AMM), providing liquidity and peer-to-peer transactions, built on the Moonbeam network.
On our part, we thoroughly reviewed the project, team, roadmap, tokenomics and had fruitful meetings — we strongly believe in the project. If you would like to learn more about it, which we encourage you to do, please read: https://landing.beamswap.io/tokenomics.pdf
And visit their website: https://beamswap.io/
And always remember to not invest before you DYOR about the project!
How does the investment process look like?
There are two options for this:
- having tickets for the platform (guaranteed allocation).
- winning the Gleam competition, which is open to everyone. Here 10% of the investment pool is allocated for the winners. There is no overallocation here — it is reserved for our stakers.
For both options you need to pass the KYC process.
We give everyone the opportunity to reach the required tier for investment until the end of the registration. Everyone has to enter the platform and express interest in participating in the investment before this date.
How can you invest?
You will be able to invest on 9 networks (more networks to come soon):
- Binance Smart Chain
- Polygon (Matic)
You will be able to invest with multiple stablecoins:
About Synapse Network
Synapse Network is developing a cross-chain investment and start-up acceleration ecosystem based on blockchain technology to give everybody an equal chance to contribute to great upcoming projects and to do so early on. We are bridging the gap between the traditional & crypto market. The idea of the Synapse Network technology goes beyond the standard offer of launchpads available on the market, becoming a true technological brand providing tech solutions.