What Is MONEYSWAP (MSWAP)?

MoneySwap (MSWAP) is a DeFi platform that offers users DeFi services such as lending, yield opportunities, and staking. The project was designed by GoMoney2 (GOM2) developers, a utility token used as a payment method in the AnimalGo ecosystem and traded on other crypto exchanges. Also, the AnimalGo Foundation aims to apply a system for MoneySwap to be used directly in the ecosystem along with GoMoney2.

According to the whitepaper, the MoneySwap platform claims to offer many services to its users, which include the following:

• Deposits and Rewards: A variety of tokens can be added to the platform to provide liquidity for the swap pool. The pool members can also mine for a reward proportional to their deposits.

• Swap Pool: As the amount of tokens increases, the liquidity increases, and larger amounts of tokens can be swapped quickly and conveniently. MoneySwap plays the role of a bridge of such swaps, and thus the intrinsic value of the token also increases.

• Governance Function: Each holder can vote on a variety of matters with voting rights proportional to the amount of MSWAP held. Issues that the holders’ voting can determine include a selection of deposit tokens to be added, adjustment of mining rates or fees, selection of airdrop events, and other various policy upgrades.

• Airdrop Events: The team plans various airdrop events to facilitate the increase of liquidity for tokens that can be added on MoneySwap. This way, the team intends to increase the value of existing tokens while introducing existing token holders as new users to MoneySwap.

History of MoneySwap (MSWAP)

MoneySwap was launched in the second half of 2020. The GoMoney2 Team, and the team behind MoneySwap, is set up at MOON LABS PTE.LTD, Singapore. The total supply is 1.5 billion MSWAP tokens, out of which 40% is allocated for the ecosystem, 20% for liquidity, 30% for marketing, and 10% for the reserve.