PSWAP

PolkaswapPSWAP

Rank #4515
Coin
On 19,282 watchlists

Polkaswap Price (PSWAP)

$0.03326
6.12%

0.0000006271 BTC0.30%

0.000007981 ETH1.97%

Low:$0.0312
High:$0.03581
24h
PSWAP  Polkaswap PSWAP
Price:
$0.03326
 6.12%
Market Cap
$121,263,223
0.00%
Fully Diluted Market Cap
$46,323
6.12%
Volume
24h
$79,041
99.37%
Volume / Market Cap
0.0006518
Self Reported Circulating Supply
3.65B PSWAP
Max Supply
--
Total Supply
1,392,620
Sponsored

Polkaswap to USD Chart

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PSWAP Price Live Data

The live Polkaswap price today is $0.033263 USD with a 24-hour trading volume of $79,041.46 USD. We update our PSWAP to USD price in real-time. Polkaswap is down 6.12% in the last 24 hours. The current CoinMarketCap ranking is #4515, with a live market cap of not available. The circulating supply is not available and the max. supply is not available.

If you would like to know where to buy Polkaswap, the top cryptocurrency exchanges for trading in Polkaswap stock are currently Uniswap (V3), and Polkaswap. You can find others listed on our crypto exchanges page.

To learn more about this project, check out our deep dive of Polkaswap.

What Is Polkaswap (PSWAP)?

Polkaswap is an open-source, non-custodial decentralized exchange (DEX) protocol. The automated market maker (AMM) project was founded in July 2020 and had its soft launch in April 2021 with a focus on interoperability.

Polkaswap runs on the SORA network which is built with Substrate and is therefore natively compatible with the Polkadot and Kusama ecosystem thus giving Polkaswap best scalability and security.

Who Are the Founders of Polkaswap?

In June 2020 the Polkaswap project was initiated by SORAMITSU with a grant from the Web3 Foundation.

Currently, Polkaswap is a fully decentralized project. In fact, by submitting Request for Proposals (RFP), users can tender the development and implementations of functions they would like to have in Polkaswap and the SORA network.

There is another aspect however, teams of developers that have the expertise to implement these changes themselves can also propose them, and if approved, their code could be incorporated to a runtime upgrade and they would also get rewarded for the work provided.

You can learn how to submit an RFP here.

What Makes Polkaswap Unique?

Polkaswap is a DeFi project built on the Polkadot ecosystem, designed exclusively to support faster trading without the need for any intermediary. As a DEX, Polkaswap offers some outstanding features that make it difficult to pass by.

While the majority of DEXs are built on top of the Ethereum blockchain, Polkaswap goes the Polkadot way. Polkaswap establishes interoperability between multiple blockchain bridges and can allow users access to ETH and ERC-20 tokens, DOT and KSM, BTC, BSC, and any other token the project integrates in the future.

Another benefit Polkaswap enjoys by being built on the Substate network is cheaper gas fees compared to that of other networks

A unique feature of Polkaswap and the SORA network is the implementation of a Token Bonding Curve, a smart contract that manages XOR supply. It helps Polkaswap by providing deep liquidity for large trades, by reducing the effects of pump-and-dump manipulation attacks and having many more positive effects on the whole ecosystem. You can read all the details and the implications here.

In addition to these unique offerings, users can also earn from their assets on Polkaswap by supplying liquidity to its pools. These features have made some refer to Polkaswap as the Uniswap of the Polkadot ecosystem

Read more about Polkaswap in our deep dive.

Find out more about decentralized exchanges.

Learn more about Uniswap (UNI) and SushiSwap (SUSHI).

What is web 3.0? Click here and find out.

Take a deep dive into smart contracts and DeFi space with CMC Alexandria.

Visit CoinMarketCap Alexandria to learn everything you need to know about cryptocurrency and more.

How Many Polkaswap (PSWAP) Coins Are There in Circulation?

PSWAP is the native token for Polkaswap. The tokens are minted based on a deflationary model on the SORA network; which burns more tokens than it mints. Polkaswap uses a 0.3% fee on every swap to buy back PSWAP which are then burned.

Since its launch, 90% of burned PSWAP tokens have been re-minted and allocated to the liquidity providers. However, by 2025, only 35% will be allocated back to liquidity providers.

Currently (October, 2021), around 36% of the total supply of 10 billion max supply of PSWAP tokens is in circulation. That stands at 3.65 billion PSWAP tokens.

Since more PSWAP tokens are always burned than minted, PSWAP tokens are deflationary by nature. The circulating supply of PSWAP will never be higher than 3.65 billion.

The distribution of PSWAP tokens is as follows: 35% as liquidity rewards (vested); 30% at initial release development; 25% for token bonding curve rewards (vested); 6% rewards at launch (SORA farm game); 4% for market-making rewards (vested).

How Is the Polkaswap Network Secured?

Polkaswap takes full advantage of the SORA network's security. Polkaswap is built on Parity Substrate and provides a multithreaded and scalable architecture for the network.

You can learn more here.

Where Can You Buy Polkaswap (PSWAP)?

At the moment, Polkaswap (PSWAP) cannot be directly purchased with cash. PSWAP can be bought by using swapping cryptocurrencies on exchanges. With your existing crypto, you can purchase PSWAP on Polkaswap, Uniswap (V3), Uniswap (V2), 0x Protocol, 1inch Exchange and Bilaxy.

Learn more about Polkaswap in our deep dive here.

Cryptocurrency newbie? You can read more about how to enter the market and how to buy BTC, PSWAP or any other token. Check out the details here.

Telegram group: https://t.me/polkaswap

Github: https://github.com/sora-xor/polkaswap-web

Our most recent articles about Polkaswap:

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PSWAP Price Statistics

Polkaswap Price Today
Polkaswap Price$0.03326
Price Change24h$-0.00217
6.12%
24h Low / 24h High
$0.0312 /
$0.03581
Trading Volume24h$79,041.46
99.37%
Volume / Market Cap0.0006518
Market Dominance0.00%
Market Rank#4515
Polkaswap Market Cap
Market Cap$121,263,222.62
Fully Diluted Market Cap$46,323.32
6.12%
Polkaswap Price Yesterday
Yesterday's Low / High
$0.0312 /
$0.03604
Yesterday's Open / Close
$0.03604 /
$0.03364
Yesterday's Change

6.65%

Yesterday's Volume$88,215.97
Polkaswap Price History
7d Low / 7d High
$0.006045 /
$0.3139
30d Low / 30d High
$0.005891 /
$0.3139
90d Low / 90d High
$0.006045 /
$14.43
52 Week Low / 52 Week High
$0.006045 /
$14.43
All Time High
Oct 06, 2021 (2 months ago)
$14.43
99.77%
All Time Low
Nov 29, 2021 (5 days ago)
$0.006045
450.29%
Polkaswap ROI
No Data
Polkaswap Supply
Circulating Supply3,645,542,376 PSWAP
Total Supply1,392,620 PSWAP
Max SupplyNo Data