${ project.token } (${ project.short_token }) #${ project.rank }
${ project.name }
@${ project.slug }
${ project.price_btc } BTC
Socials
Explorers
${explorer.short}| MarketCap | $ ${ project.market_cap } |
|---|---|
| Volume(24h) | $ ${ project.volume_24 } |
| Circulating Supply | ${ project.circulating_supply } ${ project.short_token } |
| Total Supply | ${ project.total_supply } ${ project.short_token } |
About the project
SakeSwap is a fork of Uniswap and Sushiswap but with some key improvements.
- SAKE token
The SAKE token has two functions, which are entitling SAKE holders to governance rights and a portion of the fees paid to the protocol. Eventually, SAKE holders will own the protocol. SAKE tokens can entitle liquidity providers and traders to continue earning the benefit of the protocol development, which means the early adopters will be significant stakeholders of SakeSwap. Meanwhile, SakeSwap involves tokenomics of deflation to support the token price from a structural perspective.
◦ total supply
Unlike SUSHI Token that has unlimited total volume, we set SAKE token a limited total volume to avoid dilution and maintain project sustainability. Details of SAKE token distribution is explained in the Token Distribution part.
◦ burn and reward distribution
SakeSwap follows the transaction fee distribution of SushiSwap, namely 0.25% goes directly to the active liquidity providers, while the remaining 0.05% gets converted back to SAKE (obviously through SakeSwap). 30 % of the remaining 0.05 % will be burned and the rest 70 % will be distributed to all SAKE token holders.
- 50 % slippage capacity
Instead of arbitrators acquiring all the slippage in Uniswap, liquidity providers in SakeSwap are enabled to capture profits otherwise captured by arbitrageurs with virtual trading curves. In the case of spatial arbitrage, the AMM collects 50 % slippage capacity from arbitrage traders. As a result, the other 50 % will be shared among liquidity providers. The 50 % slippage capacity for liquidity providers can enlarge LPs’ income to ～200 % compared to transaction fee as income.
- S token
SakeSwap supports trade mining and virtual trading curve in AMM protocol. SakeSwap introduces Slippage Token (S token) to incentivize traders. With the design of liquidity pool, traders have a positive impact on price discovery. And S token will be generated when trading, which represents traders’ contribution to maintaining AMM pool balance. Holders can start to farm SAKE token by staking S token when SakeSwap AMM pools are active.
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