EmiSwap

EmiSwap operates as a decentralized exchange (DEX) functioning as an automated market maker (AMM) built on the Ethereum blockchain. Founded in 2020 by Grigory Rybalchenko, the platform was established as the inaugural project within the EmiDAO ecosystem, a decentralized autonomous organization (DAO). Rybalchenko, who has a background as a management and technology leader at Accenture and holds a degree from Harvard Business School, has been active in the cryptocurrency space since 2012, advising on token offerings and blockchain implementation.

The core of EmiSwap's business is to provide a platform for users to trade cryptocurrencies directly through blockchain-based smart contracts, eliminating the need for intermediaries. It functions as a fork of Uniswap V2 and Mooniswap, combining their features while adding its own functionalities. The business model centers on generating revenue through a 0.3% trading fee on transactions. This fee is then distributed, with 0.25% going to liquidity providers who supply tokens to the platform's pools, and the remaining 0.05% distributed among holders of the native ESW governance token. This structure incentivizes user participation both in providing liquidity and in governing the platform's future development through voting rights tied to ESW token ownership.

EmiSwap's service is designed for cryptocurrency traders and DeFi users. A key feature is its compensation mechanism for Ethereum gas fees, refunding them to users in the form of ESW tokens. The platform also integrates a gamified loyalty program through Non-Fungible Tokens (NFTs), called NFT Magic Cards, which are used to reward active users and liquidity providers. The ESW token is central to the ecosystem, granting holders the ability to vote on protocol changes and earn a share of the trading volume. EmiSwap has also planned for cross-chain compatibility, with intentions to expand to other blockchains like Binance Smart Chain and Polygon to enhance interoperability. In June 2021, the company announced it had raised $1.38 million in a private funding round from various strategic investors and community leaders.

Keywords: EmiSwap, automated market maker, AMM, decentralized exchange, DEX, DeFi, ESW token, liquidity provider, cryptocurrency trading, Grigory Rybalchenko, EmiDAO, NFT Magic Cards, governance token, liquidity mining, crypto swapping, Ethereum blockchain, gas fee refund, cross-chain DEX, decentralized finance, yield farming, crypto rewards, Uniswap fork