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Cryptocurrencies:  7,449Markets:  31,581Market Cap:  $364,586,503,64624h Vol:  $71,126,437,081BTC Dominance:  59.3%
Market Cap:  $364,586,503,64624h Vol:  $71,126,437,081BTC Dominance:  59.3%Cryptocurrencies:  7,449Markets:  31,581
SalmonSwap

SalmonSwap (SAL)

$0.058317 USD (-0.71%)
0.00000499 BTC (-2.81%)
2.25011571 TRX (-0.88%)
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Exchange
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  • Market Cap
    $58,316.90 USD
    4.99036835 BTC
    2,250,116 TRX
  • Volume (24h)
    $8.30 USD
    0.00071037 BTC
    320.29899277 TRX
  • Circulating Supply
    1,000,000 SAL
  • Max Supply
    500,000,000 SAL

About SalmonSwap

SalmonSwap price today is $0.058317 USD with a 24-hour trading volume of $8.30 USD. SalmonSwap is down 0.71% in the last 24 hours. The current CoinMarketCap ranking is #2351, with a market cap of $58,316.90 USD. It has a circulating supply of 1,000,000 SAL coins and a max. supply of 500,000,000 SAL coins. You can find the top exchanges to trade SalmonSwap listed on our crypto exchanges page.

SalmonSwap is described to be a decentralized exchange that lets users earn forever on TRON. SalmonSwap aims to balance the short-term and long-term interests of the liquidity providers, community by providing lasting rewards to liquidity providers, even if they withdraw their stake from the liquidity pool.

With SalmonSwap, liquidity providers receive a proportionate share of the trading fees generated by each pool they provide liquidity to. However, unlike other AMM protocols, liquidity providers will continue to receive a share of the trading fees even after they have withdrawn their liquidity. Each trading pair will have a 0.3% fee, these fee will be converted to SALMON tokens and then be distributed to past and present liquidity providers for each pool. Out of this 0.3%, 0.25% will be distributed to active liquidity providers, whereas the remaining 0.05% will be converted into SALMON (through SalmonSwap) and will be distributed to SALMON holders. This system ensures early LPs continue to see a long-term benefit even after they withdraw their assets. SALMON holders will need to stake their tokens to benefit from the 0.05% fee distribution scheme. Rewards will be proportional to the amount of SALMON staked versus the total SALMON staking pool.

To help with liquidity migration to SalmonSwap, the platform will be running an initiative that sees stakers of various JustSwap LP tokens rewarded with SALMON. For the first 2 weeks (starting from 2020 Sep 3rd 19:00 UTC Time), the 10X the amount of SALMON will be generated per block and distributed to these pools. Following which SALMON will drop down to its long-term rate.

Genesis Week rate: 100,000 SALMON per pool per week. Long-term rate: 10,000 SALMON per pool per week.

To begin with, SALMON pools will earn 2x rewards, whereas all other pools will share an equal weighting. This is designed to help reward the early adopters that help SalmonSwap grow.

SalmonSwap Price

SalmonSwap Price$0.058317 USD
SalmonSwap ROI
-99.97%
Market Rank#2351
Market Cap$58,316.90 USD
24 Hour Volume$8.30 USD
Circulating Supply1,000,000 SAL
Total Supply1,000,000 SAL
Max Supply500,000,000 SAL
All Time High
$260.17 USD
(Sep 05, 2020)
All Time Low
$0.042327 USD
(Oct 02, 2020)
52 Week High / Low
$260.17 USD /
$0.042327 USD
90 Day High / Low
$260.17 USD /
$0.042327 USD
30 Day High / Low
$4.66 USD /
$0.042327 USD
7 Day High / Low
$0.061869 USD /
$0.051614 USD
24 Hour High / Low
$0.058869 USD /
$0.058034 USD
Yesterday's High / Low
$0.058892 USD /
$0.053744 USD
Yesterday's Open / Close
$0.054024 USD /
$0.058665 USD
Yesterday's Change$0.004641 USD (8.59%)
Yesterday's Volume$80.74 USD
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