Recently, the number of DeFi projects has exploded with no signs of slowing down, helping the crypto market grow significantly. Ecosystems, although operating independently on their own, cause integration problems across chains and Ethereum is the most dominant with many side effects. But what if you have assets from a different ecosystem? That’s where AnySwap (ANY), one of the most famous initiatives in the current cross-chain solution, comes into play. Information we’ve compiled to help you learn more about AnySwap cryptocoin.com We offer as
What is AnySwap (ANY)?
AnySwap is a fully decentralized Cross-chain swap protocol for various tokens with an automated pricing and liquidity system. Additionally, the protocol is powered by Fusion’s Decentralized Control Rights Management (DCRM) technology, enhancing AnySwap’s ability to exchange any cryptocurrency/token on any Blockchain using ECDSA or EdDSA as its signature algorithm. AnySwap now supports 6 different Blockchains: Ethereum, Binance Smart Chain, Huobi ECO Chain, Fantom, Polygon and Fusion.
What is ANY token?
ANY is AnySwap’s native token. The token complies with the Fusion platform standards and is used for administrative reasons. ANY holders have the right to vote on the working nodes of the AnySwap network.
The local currency also allows its holders to choose which currencies should be listed on the AnySwap decentralized exchange (AnySwap DEX). In addition, ANY tokens allow holders to vote or propose changes to important system settings. Apart from management, ANY allows investors to earn rewards on the protocol.
How does AnySwap (ANY) work?
AnySwap protocol supports the following features:
- Decentralized Chain Bridge: Users can deposit or withdraw any ECDSA compliant token and receive wrapped tokens without a third party.
- Cross-chain swaps: This allows AnySwap users to exchange cryptocurrencies instantly.
- Scheduled Pricing and Liquidity: Liquidity providers can add and withdraw liquidity from swap pairs. The programmed pricing system is based on the liquidity provided.
- Wallet Support: AnySwap will initially support Metamask and Ledger wallets, but more hardware wallets will be added to the protocol. Additionally, an API will be provided that will make the AnySwap protocol compatible with any wallet.
AnySwap (ANY) token metrics
- Token Name: AnySwap.
- Ticker: ANY
- Blockchain: Ethereum, Binance Smart Chain, Fusion.
- Token Standard: ERC20, BEP20, FSN.
- Ethereum Contract: 0x9876A5bc27ff511bF5dA8f58c8F93281E5BD1f21
- Fusion Contract: 0x9876A5bc27ff511bF5dA8f58c8F93281E5BD1f21
- BSC Contract: 0x9876A5bc27ff511bF5dA8f58c8F93281E5BD1f21
- Token Type: Utility and Management
- Total Supply: 100,000,000 ANY
- Circulating Supply: 17,252,277 ANY
ANY token allocation
The total supply of ANY token is 100 million. There will be no pre-sales or fundraising.
Initial supply will be ANY 15 million:
- ANY 10 million: Community and Ecosystem Fund.
- 5 million ANY: Team Initial Liquidity Fund.
The remaining 85 million ANY will be allocated for block rewards and distributed along with the Fusion network blocks.
AnySwap (ANY) token issuance program
ANY 85,000,000 will be distributed through mining blocks. For each mined block, 8.5 ANY will be distributed to the market. The total number of blocks mined will be 10 million Fusion blocks. The remaining ANY token will be mined as follows:
- Liquidity Rewards: 9900 ANY will be distributed every 6600 mining blocks (~24 hours).
- “Swap and Trade” Rewards: For every 100 mining blocks, 250 ANY will be allocated to mining and liquidity providers.
- Cross-chain Node Rewards: 6600 ANY is awarded to AnySwap Noes for every 6600 blocks mined (~24 hours).
- Team Rewards: Every 6600 blocks mined will allocate 9900 ANY.
- Shareholder Rewards: Every 6600 blocks mined will allocate 13,200 ANY.
What are the ANY token use cases?
ANY token will be used in the following cases:
- Vote for recommended system administrator.
- Vote for AnySwap nodes (AWN).
- Participate in mining and provide liquidity.
How to buy AnySwap (ANY) token?
ANY token can be obtained in 2 ways:
- Providing liquidity or participating in mining for the AnySwap platform.
- Buying ANY token directly through Anyswap, Uniswap, Sushiswap, MXC exchanges and Coin98 Exchange.
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