MacaronSwap Whitepaper
MacaronSwap is a Decentralized Exchange & Farming & Cross-Chain Bridge platform on Binance Smart Chain. Multi-chain support is planned for the next release which is shown on the roadmap. MacaronSwap uses an automated market maker (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool. Those pools are filled with other users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
Features
Farm: On the farm, you can deposit your LP tokens, locking them up in a process that rewards you with MCRN. Which LP tokens can you deposit? Well, the list will be quite long, we will keep adding some of the most popular ones by time.
Staking: MacaronSwap allows you to stake its governance token. - MCRN You’ll earn a proportion of MCRN token with every new BSC blocks.
Exchange: MacaronSwap is an automated market maker (AMM) is a type of decentralized exchange (DEX) protocol that relies on a mathematical formula to price assets. Instead of using an order book like a traditional exchange, assets are priced according to a pricing algorithm.
Bridging Assets: Cross-chain bridging service that aims to increase interoperability between different blockchains. It essentially lets anyone convert selected coins into wrapped tokens (or “pegged tokens”) across chains. i.e. ERC20-BEP20
Why Started on Binance Smart Chain (BSC)?
Network costs and speed which allows user maximize their earning loop.
While BSC might not have the level of adoption Ethereum does at current, we believe in Binance’s ability and drive to get it mighty close in the foreseeable future.
Roadmap:
2020 Q4: MacaronSwap Platform Idea
2021 Q1: Presale & Token Distribution
2021 Q1: DEX Listing
2021 Q2: Smart Contracts Auditing
2021 Q2: Farm & Staking Pools
2021 Q2: MacaronSwap Exchange Launch
2021 Q2: CEX Listings
2021 Q2: Multi-Chain Bridge
2021 Q2: MultiSender dApp
2021 Q3: Farm & Exchange UI Update
2021 Q3: Mobile Apps for Android & IOS
2021 Q3: CEX Listings
2021 Q4: Mobile & Browser Games Development
2021 Q4: NFT Gamification
2021 Q4: DEX Token Offering
2021 Q4: Cross-Chain AMM
2021 Q4: Limit order features on Exchange
* It’s a to-do list with a particular timeline. We will work hard to release roadmap items before deadline, with best effort.
Governance
MacaronSwap is a community driven project. Community can propose and cast their votes.
https://vote.macaronswap.finance/
https://snapshot.org/#/macaronswap.eth
Token Distribution
Initial Supply: 1,000,000 MCRN
Network: Binance Smart Chain
Token Contract Address: 0xacb2d47827c9813ae26de80965845d80935afd0b
Block rewards were decided by MacaronSwap Community through governance which is shown below link;
https://vote.macaronswap.finance/#/macaronswap.eth/proposal/QmWJhmSLacuoG7qzrCHjxLvnFVeqe7FhktQiso2WTgFEqB
| Year | Blocks/Day | Block Rew | Rew/Day | EOY Total Sup |
|---|---|---|---|---|
| 1 | 28800 | 0,2 | 5760 | 3.102.400,00 |
| 2 | 28800 | 0,16 | 4608 | 4.784.320,00 |
| 3 | 28800 | 0,12 | 3456 | 6.045.760,00 |
| 4 | 28800 | 0,1 | 2880 | 7.096.960,00 |
| 5 | 28800 | 0,08 | 2304 | 7.937.920,00 |
| 6 | 28800 | 0,06 | 1728 | 8.568.640,00 |
| 7 | 28800 | 0,04 | 1152 | 8.989.120,00 |
| 8 | 28800 | 0,02 | 576 | 9.199.360,00 |
| 9 | 28800 | 0,02 | 576 | 9.409.600,00 |
| 10 | 28800 | 0,02 | 576 | 9.619.840,00 |
| 11 | 28800 | 0,02 | 576 | 9.830.080,00 |
| 12 | 28800 | 0,02 | 576 | 10.040.320,00 |
| 13 | 28800 | 0,02 | 576 | 10.250.560,00 |
| 14 | 28800 | 0,02 | 576 | 10.460.800,00 |
| 15 | 28800 | 0,02 | 576 | 10.671.040,00 |
| 16 | 28800 | 0,02 | 576 | 10.881.280,00 |
| 17 | 28800 | 0,02 | 576 | 11.091.520,00 |
| 18 | 28800 | 0,02 | 576 | 11.301.760,00 |
| 19 | 28800 | 0,02 | 576 | 11.512.000,00 |
| 20 | 28800 | 0,02 | 576 | 11.722.240,00 |
| … | … | … | … | … |
* Estimations don’t include token burn cases, so end of year supply has to be lower, expected.