Swanlana is a (https://www.coinbase.com/learn/crypto-basics/what-is-a-dex#:~:text=A%20decentralized%20exchange%20(or%20DEX,occur%20directly%20between%20crypto%20traders.&text=A%20decentralized%20exchange%20(better%20known,occur%20directly%20between%20crypto%20traders) and NFT (Non-Fungible Token) marketplace that combines social media. The Swanlana network is built on the Solana blockchain, and the Swanlana Finance marketplace aims to introduce several features that set it apart from other NFT marketplaces.
Swandex is the platform’s decentralized cryptocurrency exchange. Swandex runs by the Serum Foundation, which has experienced people in DeFi (decentralized finance), cryptocurrencies, and digital currency trading. Swandex platform was created to address issues fundamental to decentralized finance, such as centralization, speed, usability, and multi-chain support.
According to its website, the platform chose Solana blockchain because of its scalability. Most of the blockchains currently available in the crypto world don’t have the capacity for mainstream creators and fans to afford the transaction fees paired with purchasing an NFT. On the other hand, Solana resolves the problem mentioned above by offering affordable transaction fees to its users.
SWAN is the native token of the Swanlana platform. The SWAN token aims to allow users to deposit, access, and earn from the limited-edition content created by influencers/ celebrities from around the globe, all powered by NFTs. The Swanlana platform aims to list SWAN NFT and the SWAN token on other markets and offer giveaways and contests for the community.
The Swanlana platform has allocated the total tokens as follows: