A Guide To Mojitoswap On The KuCoin Community Chain (KCC).
MojitoSwap is the first audited decentralized exchange with an Automated Market Maker and a high annual percentage rate (APR). It provides users with a secure environment for their funds as well as a place (we call them to pool and bar) where they may potentially earn a high return.
Mojito Finance is a decentralized exchange based on KCC that offers a variety of features for earning and winning tokens. It is quick, inexpensive, and accessible since it is simple to use. It presently has Trade, Bar (Farm), and Wine Pools. Other features are in the works. In the future, it will continue to provide innovative features such as Cocktail Tickets and NFT.
What exactly is MJT?
MojitoSwap’s native token, MJT (MojitoToken), has a total circulation of 100,000,000. MJT is a useful and secure token with a wide range of applications. Holding MJT allows investors to not only engage in liquidity mining and borrow money to gain rewards, but it also gives them ownership of the future Mojito DAO organization’s governance rights.
MojitoSwap Exchange
The exchange is an automated market maker (AMM) that enables the trading of two tokens on the KCC. Mojito Finance does this easily and to the satisfaction of its users.
Farming (Bar)
MojitoSwap Farms on KCC — Yield Farms offers a variety of farming options. You may earn more than 2x the MJT rewards in swap transactions by staking your LP tokens and swapping for more MJT tokens.
Now that you have your LP tokens, it’s time to stake them in order to get MJT. Under the Bar tab, select the option that corresponds to your LP tokens.
Wine Pools (Staking)
Once you have MJT, you may use it to stake in SYRUP pools. You’ll find a list of pools where you may stake your MJT when you go to the Wine Pools page.
You’ll have to approve the withdrawal of your tokens once more. Click Approve MJT to do so. After that, you must determine how much MJT you wish to stake.
Now that the MJT has been staked, you’ll be earning the pool’s reward token in a passive way. If you wish to pay out your rewards, you may do so at Harvest.
How do you add liquidity to MojitoSwap?
A liquidity provider, also known as a market maker, is someone who provides their crypto assets to a platform so that decentralized trade may take place. They are rewarded by fees received from trading on that platform, which is referred to as “passive income.”
Select Liquidity from the left-hand menu, then Add Liquidity and select the token pair you’d want to deposit. More information may be found by clicking HERE.
Conclusions
MojitoSwap is the KuCoin Community Chain’s (KCC) biggest Automated Market Maker (AMM) project, with a lot of features.
Social Networks
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