Palmswap Protocol offers decentralized perpetuals on Binance smart chain, similar to those of central exchanges like Bybit, Bitmex or FTX. On Palmswap you can use leverage up to x10 in the initial phase and go long and short on different markets.
Palmswap Testnet Whitelist & Airdrop
JOIN WHITELIST: https://wn.nr/mRdRTS
? Deadline – January 14, 2022
? 50% Palm Buyback & Tokenburn ?
? 50% Insurancefund
How to whitelist
2. Follow @Palmswaporg on Twitter
3. Retweet our Whitelist Event
4. Join our Discord Server + verify account
5. Follow other Social Media Channels
How to get a guaranteed spot?
Reffer 20 friends, you will recieve your guaranteed spot only if they complete all tasks/entrys (reffering excluded)
1. You will receive BEP20 USDT tokens sent to your whitelisted wallet
2. You must place a minimum of 2 trades on the testnet
3. Share your thoughts on telegram and discord.
You will receive the Airdrop on your wallet right after TGE.
About Palmswap
Palmswap is a protocol whose primary focus centers around perpetual contracts. Our long-term goals are to successfully engage the general population into DeFi through an ecosystem consisting of serial products that redefine and improve traditional finance in a decentralized manner.
What can users do on Palmswap Protocol:
- Open long or short positions on various assets
- Trade with up to 10x leverage during Beta (up to 50x after Beta)
- Trade with very low fees due to BSC technology
- AMM based on-chain trading
- Token rewards through trading cycles
- Safety Providing
Why Binance Smart Chain (BSC)?
We count on BSC scaling technology to increase trading speed compared to Ethereum-based opportunities while at the same time minimizing fees. BSC is currently growing faster than other networks, and its adoption is also increasing day by day.
In very simple terms, why would we drive a slower car that costs more to operate?
In addition, on one of the most popular dAPP networks, the Binance Smart Chain, there is no functioning perpetual market… ?
Faster, cheaper, user-friendlier.
Palmswap Products
Trading
No registration or account required. You can start trading immediately without any other requirements.
Invite
Invite your friends and earn from paid trading fees.
Trading Cycle
With this program, 27% of the total token supply (270 million PALM) is distributed to active traders on the protocol. This is the first way to secure tokens before anyone else (Free).
Decentralized Hedge Funds (v2)
Participate in funds or create your own decentralized fund. Already from v2 it will be possible to use decentralized funds.
When will the Protocol Token be implemented?
As soon as the first trading cycle is completed we plan a token sale, which we expect will take place in March. Following the token sale, PALM will be listed on the first exchanges and the trading cycle will be started. Initially there will be two big “groups” of users who will hold tokens: Trading Cycle 1 participants & Token Sale participants.
PALM has numerous use cases in the protocol and will offer users various ways to use the token in the protocol.
Roadmap:
We kept the roadmap short in this article, the detailed plan can be found in the Roadmap section in our Gitbook.
- 2022 Jan: Release Testnet, Bug Bounty
- 2022 Feb: Release Mainnet v1 & Start of Trading Cycle 1
- 2022 Mar: Token Sale|Token Release|Safety Providing and Yield Farm |Start of Cycle series
- 2022 Q3/4: Mainnet v2 (Governance, decentralised hedge funds)
What are trading cycles?
Trade on the Protocol to get free tokens. It’ s as simple as it sounds. The first Trading Cycle distributes a total of 20,000,000 PALM (40% of the initial supply) to traders. The first Cycle will automatically end once a total trading volume of 2.5 billion USD has been reached across all markets on the Protocol. The next trading cycles are not based on a volume target but on a number of days. Each cycle lasts 7 days and as soon as one cycle ends, the next one starts. The users can withdraw their earned PALM without any waiting time after the end of each trading cycle.
A total of 270,000,000 PALM tokens will be circulated through Trading Cycles over the next seven years.
Make sure to get your share of the next-generation decentralized exchanges!
- Palmswap Website
- Telegram Announcements
- Telegram Chat
- Discord
- Documents (available shortly)
REGISTER ACCOUNT TO GET BIG BONUS 💰!
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