Introducing Ricemill Swap
Ricemillswap is a food themed project in decentralized finance. Its is a cryptocurrency platform for instant exchange under the Ethereum network.
Ricemill Swap in Decentralized Finance
Ricemillswap is a decentralized exchange (DEX) protocol that allows for trustless token swaps. We build a web user interface — more friendly with easily swap of Erc20 tokens.
A protocol for DEX tokens in Ethereum based network. It was built on smart contracts, it is decentralized, permissionless and censorship ressistance.
Is also based concept of liquidity pools and automated market maker (AMM). The most common and widely used in DeFi space is Uniswap.
Uniswap has been one of the most popular platforms for trustless token swaps due to its frictionless nature.
Ricemill Swap as DEX
Its also a protocol like Uniswap Dex — where one user who add liquidity in a pool will be the market maker and other users will come in getting shares from the pool.
Liquidity providers deposit an equivalent value of two tokens to create market. It uses Automated Market Maker (AMM), where 1st liquidity provider will create such price to token, there is no more order book once you matched with someone else instead you are making trade with the liquidity pool.
Traders can then trade against that liquidity pool. In return for supplying liquidity, LP or the liquidity providers earn fees from trades that happen in their pool.
Features
Trade
- The exchange is automated market maker (AMM) that allows two tokens to be exchange on the Ethereum Network.
Earn
- On top of that, Ricemillswap will have its own governance token. Main token will be SEED.
Staking
- Staking Seed will earn also Seed tokens. We will create Farm Dapp Token named “RICE”. Again, Stake SEED will earn Rice.
It is a protocol for Decentralized Exchange (DEX) that will use support DeFi projects.
Why Use Ethereum Blockchain?
Ethereum allows its users to build and execute smart contracts and distribute autonomous applications all without third-party censhorship making it extremely easy to set up and complete transactions. Ethereum provides developers with a comprehensive set of tools to build decentralised applications.
It is common and widely used in DeFi space where users can neglect the negative impact for a poor use of technology.
And lastly, ethereum is potentially limitless in terms of innovations and progress.
Governance token for Ricemill Swap — Features and Tokenomics!
It is an erc20 token under ethereum blockchain. The token name is SEED with a supply of 50,000 SEED.
Check on etherscan:
https://etherscan.io/token/0x65cccb605b11b3bfbaf9af94b12655a804f3a54f
This will be the main token of the project. It will support our DAPP’s with proper liquidity when our market is up!
There will be presale, to ensure that liquidity is good. It will reduce the volatility and price impact.
Presale details
1 ETH = 100 SEED
Initial price: 0.01 ETH
Listing price: 0.015 ETH
Token allocation
Presale: 30,000
Public sale: 10,000
Core Team: 7,000
Promotion: 3,000
Once the presale is done. We will list it to Uniswap at 50% gain, to ensure there is no massive dump from presalers.
Governance and Farm Dapp Token
Our main token is SEED, this will be used widely in our very own DEX and DAPP’S.
DEX and Staking are the features of this project.
Our Farm Dapp Token is RICE. It will be paired in SEED and also ETH. You can obtain RICE through staking of SEED.
There are distinct functions on both tokens that will support our DEX platform the “Ricemill Swap”.
If you have any concern or query just drop in our Telegram and all our social media below
Telegram Announcement
https://t.me/RicemillSwapAnn
Telegram Community
https://t.me/Ricemillswap
Twitter
https://twitter.com/ricemillswap
Medium
https://medium.com/@ricemillswap
Website
https://www.ricemillswap-finance.com/
That’s all for now.
The Ricemill Team.
