The #1 AMM on Solana's Neon EVM
MoraSwap is one of the youngest but already successful projects on the Neon EVM platform.
MoraSwap's primary mission is to provide liquidity to the entire Neon ecosystem. In other words, it plays the role of a bank that accumulates money from investors, offering in return a reward for using their money. The money received is used to exchange digital assets of project users.
To attract investors, the project offers three ways of passive income:
Thus, the MoraSwap project was able to attract a large number of new investors - the market capitalization has already exceeded $6.4 million. The size of the frozen funds is smaller - only 109 thousand dollars.
The project would not exist without the Neon EVM platform, which offered a cross-chain solution for dapp developers who can now access the benefits of the Ethereum and Solana blockchains.
The Neon EVM platform uses the power of Ethereum to build applications and provides financial liquidity through Solana. This solves a whole series of problems, such as versatility of use, low fees, large liquidity, and high transaction speeds. At the same time, old projects can also be easily integrated on the new Neon platform.
On launchpads, projects are sponsored by ordinary users, not by professional investors or funds. In return for investing funds, sponsors receive guaranteed allocations for ICO - a certain percentage of digital coins that they can buy. The main disadvantage is the conditions - to get good allocations, you need to invest $10,000 or more.
The fintech gigant confirmed its plans to ICO its own stablecoin. The name this project is PayPal coin. It pegged to the US dollar currency exchange rate.
"Developer Steve Moser was the first to detect the development of an in-house digital coin in the source code of PayPal's iPhone app. Later, Jose Fernandez da Ponte, PayPal's senior vice president of crypto and digital currencies, confirmed the developer's assumptions. Earlier, the company had already launched a number of features that allow users to buy, store and exchange some digital coins".
DeFi protocol Acala raises $400M in crowdloans during first Polkadot parachain auction. Unlike typical crowdfunding rounds, Acala's financing mechanism is a crowdloan, which means it will eventually need to pay back the "crypto debt" it has solicited from investors.
An initial coin offering (ICO) is a means of crowdfunding the release of a new cryptocurrency.
Initial Coin Offering (ICO) is a way to attract investment in a crypto project by selling tokens (digital assets). The method was copied from the procedure for the initial public offering (IPO), but adjusted for the digital sphere.