What is Bambooswap?

Summary

Bambooswap is the core product in the ecosystem of PandaDAO Finance Defi. It is developed based on Pancakeswap. On the basis of Pancakeswap, we have modified the transaction fees and modules of mining reward so that all the benefits generated are distributed to community users instead of the development team!

Contents

· Bamboo Swap

· Bamboo Token

· Farm

What are the characteristics of Bambooswap?

1. The platform transaction fee is 0
2. A bonus mechanism of transaction volume contribution value (BMBO tokens in the reward pool are divided every 7 days according to the transaction volume on the platform)
3. Liquidity mining rewards will use a lock-up distribution mechanism (the purpose is to prevent “whales”, that is, investors who hold 10 to 1 million BMBO from causing excessive market volatility)
4. Users who hold BMBO LP Token can participate in IFO (Initial Farm Offerings) of partner projects
5. IFO projects in Bambooswap will be listed to the whitelist, and a BMBO mining pool will be created for them after going online

Introduction to BMBO tokens

BMBO is the native token of Bambooswap. Holders of BMBO can participate in the governance of the PandaDAO Finance community and obtain the qualifications of IFO whitelist.

2% tax will be deducted for each transaction of BMBO, of which 1% will be transferred to the charity fund account, and 1% will be transferred to the reward pool (the BMBO in the reward pool will be distributed to all users according to the transaction volume every week).

Rules of mining

1. The total amount of BMBO is fixed and will never be issued additionally, and the output adopts the strategy of halving the cycle
2. The profit earned adopts the strategy of limiting the harvest to ensure the stability of the market, as follows:The rewards can be reaped twice every 24 hours;10% of the reward balance can be harvested each time, and it will be fully unlocked after 30 days and unlimited harvesting
3. If the mortgaged LP is withdrawn, the rewards will also remain locked
4. The lock-up time of each mining pool is independent, and the lock-up time of the same mining pool is subject to the first stake time

FAQ

Why the transaction fee is 0?

After observing and comparing most of the dex on the market, we found that the transaction fee will not be issued as a reward for market dealers, and the platform will also incorporate part of the rewards into the platform rewards. After adopting the liquidity mining model, the providers of liquidity will use the lp stake method to earn greater profits, and 0 handling fee is to fully distribute the benefits to the trading users, so that the free loss of the trading users is minimized.

Why do mining rewards need to be locked?

Reward lock is designed to stabilize the value of BMBO, so that users can earn long-term profits, prevent whales from causing too much market volatility, and minimize the impact on retail investors.

How are the BMBOs in the reward pool distributed?

Every 7 days, the BMBO in the reward pool will be distributed fairly according to the contribution value of each user’s transaction volume (except the transaction volume of stable currency exchange) in the platform. The larger the transaction volume, the more rewards will be obtained.

BambooSwap release time

The dev team will test BambooSwap on 15st July and release it on 25st July .