## What Is Coco Swap (COCO)?

[Coco Swap](https://coinmarketcap.com/currencies/coco-swap/) is a platform for swapping tokens available on iOS, Android, and desktop computers. It promises to provide faster and easier token swapping than current existing platforms. Coco Swap credits this feat to their COCO token and to their blockchain network, [BSC](https://coinmarketcap.com/currencies/binance-coin/). To become a core part of Web3, Coco Swap is in the process of developing its application, which is in the Beta mode as of Q4 2022. The team behind the project aims to provide additional features in 2022. 

According to its roadmap, Coco Swap started the development of its eponymous platform in Q3 2021 and was listed on [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/) in the same quarter. The public release of Coco Swap is planned for the beginning of 2022, which will be followed by the development of in-app crypto purchases via credit card. 


## Who Are the Founders of Coco Swap?

The developers of Coco Swap are anonymous, which is not unusual for a token of its market capitalization. Investors are therefore advised to proceed with caution when purchasing COCO, or similar tokens, as projects with anonymous developer teams have been known to exercise [rug-pulls](https://coinmarketcap.com/alexandria/glossary/rug-pull) and [exit scams](https://coinmarketcap.com/alexandria/glossary/exit-scam) in the past. One recent and notable partnership announced by Coco Swap is their cooperation with [Hodler Heroes NFT (HHNFT)](https://coinmarketcap.com/currencies/hodler-heroes-nft/), a pixel art [NFT](https://coinmarketcap.com/alexandria/glossary/non-fungible-token) project. 


## What Makes Coco Swap Unique?

Coco Swap follows a familiar value proposition that provides autonomous yield through increased usage of its liquidity protocol. It promises a seamless and easy [staking](https://coinmarketcap.com/alexandria/glossary/staking) option for users who can earn rewards by providing liquidity to the network.  

Coco Swap promises to provide investors with a safe way of earning high APY yields without suffering from [impermanent loss](https://coinmarketcap.com/alexandria/glossary/impermanent-loss). The protocol sees high APYs as a valuation bubble and, as a consequence, has chosen to adopt static rewards as an alternative way of value creation. Thus, the Coco Swap protocol employs three functions:



* Reflection rewards 
* Acquisition of liquidity providers
* Burns on each trade

To achieve this, each transaction on Coco Swap is taxed at 7%. 2% are redistributed to all existing holders, 2% are burned, and the remaining 3% are converted into [BNB](https://coinmarketcap.com/currencies/binance-coin/) and added to the COCO/BNB liquidity pool in equal parts.  

Token holders can earn rewards simply by holding COCO. The more transactions are conducted on the Coco Swap network, the higher the rewards for token holders. In the future, Coco Swap aims to provide investors with additional [yield farming](https://coinmarketcap.com/alexandria/glossary/yield-farming) options as another way of acquiring yield. Users will be able to stake their LP tokens and earn COCO in return, with Coco Swap promising as many liquidity pairs as possible to increase the platform’s appeal.


## Related Pages:

Check out [Bone (BONE)](https://coinmarketcap.com/currencies/bone-shibaswap/) — the token of the ShibaSwap exchange.

Check out [SafeMoon (SAFEMOOON)](https://coinmarketcap.com/currencies/safemoon/) — a deflationary meme coin with reflection rewards.

Read our deep dive into [PowerPool](https://coinmarketcap.com/alexandria/article/what-is-powerpool-features-tokenomics-and-price-prediction).

Get the latest crypto news and latest trading insights with the [CoinMarketCap blog](https://coinmarketcap.com/alexandria/categories/blog).


## How Many CocoSwap (COCO) Coins Are There in Circulation?

The total supply of COCO is 150 billion. COCO is the protocol’s deflationary utility token that rewards its holders with a 2% reflection reward from each transaction. Another 2% are burned, and 3% are added to the protocol’s liquidity pool; in total, trades are charged a 7% transaction tax. Approximately 145 billion COCO are currently in circulation, with eight unknown wallets holding about 80% of the total supply.

Coco Swap promises to implement a burn strategy that is beneficial and rewarding for long-term holders and doesn’t exclude having additional manual burns in the future. 


## How Is The CocoSwap Network Secured?

COCO is a [BEP-20](https://coinmarketcap.com/alexandria/glossary/bep-20) token on Binance Smart Chain, which is secured through the [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). 21 validators are elected every 24 hours to validate transactions and maintain blockchain security. These validators have to stake a certain amount of BNB coins with Binance to be eligible. 


## Can COCO hit $0.01?

In light of its very high token supply and fairly standard business model, Coco Swap will most likely not be able to reach a valuation of $0.01. In addition, a lot of the total supply is controlled by a handful of wallets, posing a high risk for investors since the protocol could end up being exploited. 


## Where Can You Buy CocoSwap (COCO)?

COCO is available on [PancakeSwap (V2)](https://coinmarketcap.com/exchanges/pancakeswap-v2/).


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