DragonSwap
4 min readFeb 16, 2021

Dragonswap endeavours to build a highly innovative DeFi platform on the BSC block-chain. With $DCASH as the native currency, it will initially be a BEP-20 token running on the Binance Smart Chain which is a highly cost efficient alternative to the famous slow and congested ETH chain.

It will reward liquidity providers that stake their LP tokens on the Dragonswap.app website with it’s native token, $DCASH. initially it’s higher yield pairs will be: BNB/$DCASH, BUSD/$DCASH, and it’s lower yield pairs: CAKE/BNB and BUSD/BNB and more pools will be added after launch. A percentage of LP tokens deposited will be sent to a smart contract that uses various techniques and methods to generate income for the protocol.

Single Staking “Gem Pools” will be good to go where you can stake DCASH to earn more DCASH.

To start, 5% of LP tokens staked are used to buy BNB/ETH LP tokens and stake them in high yield pools, the rewards of which will be sold and added to the $DCASH LP, 2% go to the Dragonswap team and $DCASH tokens burned, 3% will go to project dev fund to code new protocols such as the ones listed on the Roadmap.

Dragonswap’s ultimate mission it’s to launch its own chain with Substrate (Polkadot technology), and create the fastest, cheapest, and broadest scope AMM swap platform in the world where any token or digital currency can be swapped with another, at the lowest fees possible, it’s users will also be able to provide liquidity and will be rewarded with $DCASH for doing so.

Dragonswap will launch with farming live on the following pools:

BNB/$DCASH

BUSD/$DCASH

CAKE/$DCASH

BUSD/BNB

Dragonswap Roadmap: After the initial crypto-farm is launched and revenue is generated on the protocol, the next additions to the project will be made in the following order:

  1. $DCASH available for sale on dragonswap.app.
  2. DEX (Decentralized Exchange) goes live.
  3. Accept payments in ETH.
  4. Gem pools.
  5. $DCASH Burn Lottery.
  6. Governance.

The following ideas can go live based on governenance decisions on Dragonswap:

  1. Token Sales.
  2. Burn Games and Lotteries.
  3. Liquidity locks.
  4. IFOs — ( Intial Farm Offering).
  5. Crypto-Fiat onramps.
  6. Dswap Mobile App.

Full Explanations:

1 . $DCASH token is available directly on dragonswap.app: For a short time, Dragonswap users will need to buy DSWAP the Dragonswaps native token via Pancakswap but soon after launch will be able to buy it directly via dragonswap.app

2. The DEX will go live: Once enough revenue has been built up in the protocol, and farming pairs have launched, the DEX will go live allow for users to trade any Binance Smart Chain token for any BSC token.

3. Unlike Pancakeswap, shortly after the DEX going life, Dragonswap’s users will be able to make trades using ETH if they do not have BNB, which will be an excellent step forward in moving users from the sluggish and expensive Ethereum Network to the faster and low cost BSC network $DCASH Accepts ETH for trades. Currently it is very hard to buy BNB with ETH making it a difficult transition for users to move to the BSC network, currently users must send ETH to an exchange and buy BNB there, then send the BNB to their binance wallet, $DCASH plans to take both ETH and BNB to pay for trades on the network to allow people to easily make trades even if they have never used the BSC network by paying in ETH.

4. Gem Pools: Stake a single asset and earn $DCASH.

5. Burn Lottery: (Dragonswaps deflationary mechanism) Dragonswap will have a fun lottery that allows it’s users to risk their $DCASH tokens and win BNB, the $DCASH risked will be burned lowering the $DCASHsupply and increasing the $DCASH token value and rarity.

6. Governance: Voting will be available for $DCASH token holders to make decisions for future additions to the protocol.

Future additions to the protocol based on governance decisions:

  1. Like Bounce Finance, Dragonswap could have a page to host token sales for other projects in the future, or have it externally linked.
  2. Various games or lotteries will be added to Dragonswap where users will be able to play fun games, their $DCASH tokens will be burned and they will be rewarded with $DCASH/BNB/CAKE etc.
  3. Dragonswap may have a BSC token/BNB liquidity lock page integrated into dragonswap.app or added externally.
  4. IFOs Dragonswap may have an IFO page where new Crypto Farm projects
  5. Crypto-Fiat onramps — a page or app where users can swap BSC tokens for Fiat currencies
  6. Create a Dragonswap mobile app.
  7. And much much more !!
DragonSwap
DragonSwap

Written by DragonSwap

Dragonswap’s mission is to create the fastest and cheapest AMM platform De-Fi as ever seen while rewarding it’s community of loyal holders

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