In the ever-evolving landscape of decentralized finance (DeFi), platforms like DojoSwap are making waves by introducing innovative tokens and launchpad mechanisms. At the heart of DojoSwap is the native token, $DOJO, designed to serve a multitude of functions within the platform.
$DOJO Tokenomics: The $DOJO token lies at the core of DojoSwap's ecosystem, functioning as more than just a means of exchange. Holders of $DOJO enjoy various benefits, including a share of swap fees, participation in project launchpools from partner projects, and engagement in governance-related activities. The tokenomics of $DOJO further extend to vote-escrowed mechanisms, allowing users to actively participate in shaping the platform's future.
Acquiring #DOJO: There are two primary methods to acquire $DOJO. The first involves direct purchases using @Injective ($INJ) during the platform's launch. The second method is through claiming $DOJO via $POINTs, which can be earned by staking liquidity pool (LP) tokens into the DojoSwap farms. The number of $POINTs earned is determined by the user's share of the farm (based on staked LP tokens) and the duration of the staking period.
Dynamic Overflow Launchpad: DojoSwap's launchpad operates on the innovative DYNAMIC OVERFLOW method, offering users a unique subscription experience. Users can subscribe to the launchpad without restrictions on the amount, with their final allocation calculated based on the percentage of funds contributed in comparison to other users when the sale concludes. Any remaining funds are returned to users upon claiming their tokens after the sale.
The total fund-raising amount dynamically adjusts based on the committed funds. If the committed funds surpass the overflow cap, the next fund-raise tier unlocks, leading to an increase in the fund-raise amount, overflow cap, and initial liquidity. Remarkably, the token price remains constant regardless of the total amount raised.
In conclusion, DojoSwap's $DOJO token and dynamic overflow launchpad on the Injective network introduce an exciting intersection of #DeFi functionalities. The platform not only provides users with opportunities for token acquisition but also empowers them through governance and participation in various projects. As the DeFi space continues to mature, platforms like DojoSwap pave the way for more inclusive and dynamic financial ecosystems. #web3 #dex $INJ