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SalmonSwap is a decentralized exchange on the TRON network that offers users the opportunity to earn continuously. It aims to prioritize the interests of liquidity providers and the community by providing long-lasting rewards, even if they withdraw their stake from the liquidity pool.
With SalmonSwap, liquidity providers receive a proportionate share of the trading fees generated by each pool they provide liquidity to. What sets SalmonSwap apart from other AMM protocols is that liquidity providers will continue to receive a share of the trading fees even after they have withdrawn their liquidity. The trading fee for each trading pair is set at 0.3%, which will be converted into SALMON tokens and distributed to both past and present liquidity providers for each pool. Out of this 0.3%, 0.25% will be distributed to active liquidity providers, while the remaining 0.05% will be converted into SALMON tokens and distributed to SALMON holders through SalmonSwap. This system ensures that early liquidity providers continue to benefit in the long term, even after they withdraw their assets. To benefit from the 0.05% fee distribution scheme, SALMON holders need to stake their tokens. The rewards will be proportional to the amount of SALMON staked compared to the total SALMON staking pool.
To facilitate the migration of liquidity to SalmonSwap, the platform will run an initiative that rewards stakers of various JustSwap LP tokens with SALMON tokens. During the first 2 weeks (starting from September 3rd, 2020, 19:00 UTC Time), 10 times the amount of SALMON will be generated per block and distributed to these pools. After this initial period, SALMON rewards will decrease to the long-term rate.
During the Genesis Week, each pool will earn 100,000 SALMON per week. After that, the long-term rate will be set at 10,000 SALMON per pool per week.
Initially, SALMON pools will earn 2 times the rewards, while all other pools will have an equal weighting. This is intended to reward the early adopters who contribute to the growth of SalmonSwap.
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