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Cryptocurrencies:  7,473Markets:  31,753Market Cap:  $393,617,351,01424h Vol:  $114,765,425,892BTC Dominance:  61.5%
Market Cap:  $393,617,351,01424h Vol:  $114,765,425,892BTC Dominance:  61.5%Cryptocurrencies:  7,473Markets:  31,753
SalmonSwap

SalmonSwap (SAL)

$0.059511 USD (5.52%)
0.00000455 BTC (-4.08%)
2.21412752 TRX (2.16%)
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Exchange
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Earn Crypto
  • Market Cap
    $59,510.70 USD
    4.55082120 BTC
    2,214,128 TRX
  • Volume (24h)
    $20.78 USD
    0.00158941 BTC
    773.30119108 TRX
  • Circulating Supply
    1,000,000 SAL
  • Max Supply
    500,000,000 SAL

About SalmonSwap

SalmonSwap price today is $0.059511 USD with a 24-hour trading volume of $20.78 USD. SalmonSwap is up 5.52% in the last 24 hours. The current CoinMarketCap ranking is #2386, with a market cap of $59,510.70 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other AMM protocols, liquidity providers will continue to receive a share of the trading fees even after they have withdrawn their liquidity.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$0.059511 USD
SalmonSwap ROI
No Data
Market Rank#2386
Market Cap$59,510.70 USD
24 Hour Volume$20.78 USD
Circulating Supply1,000,000 SAL
Total Supply1,000,000 SAL
Max Supply500,000,000 SAL
All Time HighNo Data
All Time LowNo Data
52 Week High / LowNo Data
90 Day High / LowNo Data
30 Day High / LowNo Data
7 Day High / LowNo Data
24 Hour High / LowNo Data
Yesterday's High / LowNo Data
Yesterday's Open / CloseNo Data
Yesterday's ChangeNo Data
Yesterday's VolumeNo Data
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