EagonSwap token is the native cryptocurrency of the Eagon swap platform. According to its website, Eagon swap is a decentralized exchange platform. The platform is built on the polygon network with automatic market-making (AMM) functionality. AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset.

According to the platform’s whitepaper, many blockchain users prefer to operate seamlessly across diverse blockchain networks. This poses a challenge and setback to the users of blockchain technology. This challenge was encountered in both centralized and decentralized exchange platforms, creating limitations in user choice and hindering access to distributed assets across the various blockchains. Therefore, the Eagon swap came into the picture.

The Eagon swap platform is designed to end this setback in the industry by providing an ecosystem that allows seamless interoperability across the prevailing blockchain networks. The platform further intends to provide a provision for future integration of blockchain networks that are expected to launch. The platform aims to create a fully decentralized exchange platform operating in the trio of the Polygon, Ethereum, and Binance Smart Chains. The platform further seeks to end the limitation of inter-blockchain incompatibility.

The Eagon swap ecosystem includes the Eagon vault system, allowing users to commit their funds to a certified project with a specific return. The user can then withdraw their funds after the vault validity period.

The EagonSwap token is the core token of the platform, which is a utility token and is used at Eagon NFT supermarket, Eagon Defi farming and staking platform and used as an exchange token. The Eagon platform also provides an Eagon pad token (EPAD) used as a governance token of the platform. The holders of such tokens can vote on the future decisions of the platform.

The Eagon swap platform was launched during the third quarter of 2021. The team behind the platform includes Bruce Hughes, Matt, and Garth. The total supply of EAGON tokens is three hundred million coins. At the same time, the total supply of EPAD tokens is ten million coins.