Thread by @kowei1995

@TangleSwapE Whitepaper Summary
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7 Main Products:
Multi-route Token Trading
Built-in smart routing reduces fees. high-frequency traders will be able to place orders through order book (based on feeless L1 @shimmernet ), and there will be no MEV
1/11

https://twitter.com/TangleSwapE/status/1625103020278091776

Concentrated Liquidity Pools
In addition to the commonly seen UniV3, to mitigate the impact of IL, @chainlink Oracle will be introduced to dynamically adjust fees (fees automatically increase with extreme price movements).
2/11

Liquidity Farming
reward multiple tokens (not just Tangleswap's Void).
3 main designs:
Rewards can be based on price range (rewards only within the upper and lower bounds), the most well-known design.
3/11

Rewards can be based on fee generation (the more fees generated, the more rewards), this is a less common design in existing DEX.
Rewards can be based on the VE reputation system.
Mercenary Capital/mining sell army will be difficult to claim.
4/11

Cross-chain Bridge
Collaborates with the most popular cross-chain bridge Multichain (Anyswap).

Vote-escrowed Staking
Locked staking (see below).

NFT Staking

Investment Hub (Token Launchpad)
IDO launcher.
5/11

VIOD token
Burning to achieve value accrual with the below source.
30% of all transaction fees.
Tangleswap Genesis NFT 5% royalties.
100% of POL (Protocol-Owned Liquidity) fees.
burn tokens in the IDO process to increase priority/shares.
6/11

Token Distribution:
Total amount 100M, vested within two years
Community incentives 69.5M
Private placement 10M (2 months locked, 10 months vested, ASCENSION Genesis NFT is also here)
Developers 10M (4 months locked, 10 months vested)
7/11

Community airdrop 5M
Marketing and advisory 2.5M.
Initial market liquidity 3M (POL owned by the protocol is VOID/SMR pair).
8/11

Void Energy (VE): non-transferable reputation points.
Generates non-transferable VE through locked VOID (7-1400 days) cannot be exited early, but can extend locking time and increase locking amount.
9/11

If cashed out after expiration, even with 1 Void, the entire address's VE will be zero (we are able to continue to lock and gain more VE).
The reputation system is designed to be difficult to gain and easy to lose.
10/11

Various functions of VE, besides being used for governance, a considerable amount of VOID rewards will be issued based on the amount of VIOD issued( not the amount of VOID held); liquidity farming rewards could based on VE, and trading discounts are also based on VE.
11/11