Doggy Swap: AMM and NFT Marketplace Solutions

4 min readJun 16, 2021

Introduction

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Definition

In this article, I am gonna explain to you a new project called Doggy Swap (https://doggyswap.io/), a all-in-one DeFi platform that offers AMM and NFT Marketplace solutions in one place.

How does it work?

The platform consists of three main features where users can enjoy different functionalities inside the ecosystem.

Dex Exchange and Swap: where users can exchange any cryptocurrency including Doggy Swap tokens. It is a digital platform that works like traditional exchanges. But unlike traditional exchanges, a smart contract operates at the heart of the service. This eliminates intermediaries to a large extent, making them more secure and transparent. Simply put, a decentralized exchange, or DEX, is a cryptocurrency exchange operated by smart contracts.
Staking and farming with high APY: users can also generate more $DOGS and be redeemed thanks to the Staking and Farming features that Doggy Swap provides to their users. On the one hand, Staking is another way to put your crypto assets to work. It is the activity in which a user blocks or holds their funds in a cryptocurrency wallet to participate in maintaining the operations of a proof-of-stake (PoS) based blockchain system. On the other hand, Farming is the practice of betting or lending crypto assets to generate high returns or rewards in the form of additional cryptocurrencies.
NFT Marketplace: a store of several NFTs that every user can buy or sell.

Bounty program

The project gives the opportunity to earn $DOGS tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5338329.0), where you can access the link in order to see what are the conditions to become an early Doggy Swap contributor and start acquiring tokens.

You can also stay tuned to their official Telegram Channel (https://t.me/doggyswap). I hope you liked the post and soon I’ll send you new ones.

Tokenomics

The main token of the platform will be $DOGS, a BEP-20 token based on Binance Smart Chain. The token is based on the Binance Smart Chain (BSC) network, which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. What is special about Binance Smart Chain is its low fees and fast transaction speed, but what is even more special is its compatibility with EVM (Ethereum Virtual Machine). Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is.

Total supply: $100,000,000,000,000 $ DOGS
Pre-sale: 55,000,000,000,000 $ DOGS
Initial liquidity: 40,000,000,000,000 $ DOGS
Airdrop Reward: $2,000,000,000,000 $ DOGS
Commercialization: $3,000,000,000,000 $ DOGS