To the Niubiswap Community,
We are extremely excited to announce the integration of the Niubiswap DEX on Polygon (MATIC).
This integration is a little bit different from the current Niubiswap infrastructure on BSC. This Niubiswap Protocol is an actual DEX, like Pancakeswap. This means that all fees generated by the DEX go to the development team. This is important because it allows us an opportunity to implement an interesting tokenomical structure and distribution/burn schedule. It’s also important to note that Niubiswap and Niubiswap DEX are two separate entities that will have different prices and APY until a bridge is built that can connect and bring equality to the network.
By retaining these tokens, the team is pledging to dedicate these tokens to generate higher APY for the community that is staking their tokens and contributing to the ecosystem. The APY will be higher in the Niubiswap DEX due to the separation of both ecosystems for the time being. In addition, a certain number of tokens will be allocated for burning to reduce token velocity and try to organically drive demand.
While we await the success of this new launch, we have plans for a BSC/MATIC bridge to create a unique way for users to interact and earn in the future depending on the way this new development plays out. Testing the viability of this separate entity is our priority before making the next strategic move.
By bringing NIU to the new layer 2 solution driven Polygon network, we are opening up doors with exciting opportunities awaiting to be discovered. We are hopeful that the addition of this NIU DEX on MATIC will help generate newfound interest and help bring out the most in NIU’s potential. We appreciate all those in the community contributing to our ecosystem and helping sustain Niubiswap.
Thank you,
The Niubiswap Team
