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Genesis Retroactive Reward
Egonswap is a crypto exchange Dapp forked from pancakeswap. It is a fully decentralized and audited application offering decentralized crypto trading options for users to swap, stake, farm EGON token.
EGON token is also implemented as a 4% buy back reflection reward from all buy/sell happening with EAN token. EAN token is used by more than 2 million mobile mininig community. This buy back implementation of EGON into EAN tokenomics enforces a perpetual green candle pressure for Egon token as holders of EAN token carry out buy/sell orders.
As part of reward program to benefit users EgonSwap team is making plans for a future retroactive reward event.
This will be available to be claimed before phase 4 2022. Phase 4 is the release of the native Eagle Network blockchain called EgonCoin Blockchain. EgonCoin blockchain is an improved algorithm of Proof of Stake (PoS), to be named Elevated Proof of Stake (EPoS). EgonCoin Blockchain is forked from Ethereum but instead of using same algorithm Ethash will be using Elevated Proof of Stake (EPoS) which offers faster and cheaper transactions almost at zero fee.
Reserve Your Retroactive Reward
As done within cryptocurrency space especially with a crypto exchange like EgonSwap Dex, there will be reward reserved for users of the EgonSwap exchange to be claimed in the near future date. This is reward allocation for using EgonSwap Dex stake, swap, liquidity provider, farming, etc. The more Dex activity the more reward. A snapshot of active wallets using the Dex will be taken and reward will be available to claim at the appointed time.
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Rewards According Support
These rewards will come in several stages, and will favor those people who hold Egon, those people who use the EgonSwap Dex for trading, adding liquidity, crypto farming, staking.
7 Million Egonswap Token
7 million EgonSwap Token will be reserved and locked, using a decentralized token locker. At the appointed future date, users will be able to claim retroactive rewards of EgonSwap Token for supporting EgonSwap Dex in one way or the other.
Reward Timeline
A future date will be selected, this date will be before phase 4 of EgonCoin Blockchain launch. A snapshot of active wallet holding EgonSwap Token will be taken and noted. From the appointed future date, users meeting the requirements will be able to claim EgonSwap Token accordingly to support activity using the EgonSwap Dex. Phase 4 is from October 2022.
How To Participate
1). Hold EgonSwap Token
A portion percentage will be reserved for holders of EgonSwap Token. 5% reserved for users under this category.
2). Use the EgonSwap Dex
A portion percentage will be reserved for users who use the Dex in one way or another. 15% reserved for users under this category.
3). Liquidity Provider 1
A portion percentage will be reserved for users who add liquidity into the EgonSwap Dex. This level 1 liquidity provider reward is for users who provide minimum pool and for short time. 30% reserved for users under this category.
4). Liquidity Provider 2
A portion percentage will be reserved for users who add liquidity into the EgonSwap Dex. This level 2 liquidity provider reward is for users who provide maximum pool and for longer time. 50% reserved for users under this category.
Passive Income On Egonswap
By providing liquidity and farming in Egonswap Dex supporters will earn a passive income. Also as the value and price of Egonswap token appreciates so is your holding increase in value. A win win stand point for sure.
Why Retroactive Reward
This is to reward users who support the EgonSwap Dex from the onset to build and push the decentralized cryptocurrency exchange. As EgonSwap is a decentralized exchange support is needed from investors who get well rewarded.
Holders Benefits
Holders who are able to claim the Retroactive Egon reward will have first opportunity and access to EgonCoin Blockchain testnet and subsequently buy EgonCoin at initial price. Good opportunity to get a good project token from onset.
Hope you keep the date!
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Hello bitcoin tecnology