PorkSwap Finance (PSWAP)-Presale

Teams, tokenomics and technical reviews about the PorkSwap Finance (PSAWP) project are here.

They describe themselves:

PorkSwap is a decentralized platform for spot and futures trading. You can trade any BEP-20 tokens on Binance Smart Chain. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading. Porkswap will be open-source under GPL license.‌‌

Launchpad AMM: Pancakeswap


Disclaimer

Pre-Sale has some risks. Like minting, proxies and developer abandonment. Please DYOR (do your own research)


tokenomics
Liquidity Lock % 60 BNB raised liquidity lock
Lock duration: 11 months
ParticipationOpen to anyone
Softcap750 BNB
Hardcap2.700 BNB
Max Spend per Account15 BNB
Presale Price55,55555556 PSWAP / per BNB
Listing Price38,88888889 PSWAP / per BNB
Audit
KYC
StartThu 15 Apr 10:00
EndMon 19 Apr 10:00

Total Supply: 1.000.000 PSWAP

PSWAP’s links:

it is good

  • % 60 Liquidity lock rate very good. Lock time 11 months
  • Presale price is lower than listing price.
  • Audit by solid(Full Audit Report)
    • No mint function
    • No volatile code
    • Verify MD5 before investing https://solidgroup-68170.medium.com
    • 18% is currently held by the dev. Dev will distribute those tokens to private sale investors.
  • KYC

it is not good

  • Dev. wallet is very huge (% 78).
  • As the contracts has been verified, there is still a slight warning about the investment/trust perspective:
    • No known team(but The Team’s company is known to KYC auditors.)
    • No beta version and live product

About the team

  • Anonymous.

From Lite Paper

  • While other spot platform tokens mint 750,000 tokens per day, we’re aiming to burn 10% everyday through the revenue generated from the platform.
  • Spot Trading: Improved automated market maker to provide instant fulfillment of orders with less slippage, exchange your favourite tokens with 10 times less gas than Ethereum.
  • Lottery: Try your luck by gambling the extra tokens that you made by providing liquidity, with a chance to 100X your investment.
  • Security: While other projects are getting DNS hijacked, we ensure the security of our platform from DNS all the way to Smart Contract are state-of-the-art secured.

% 50 total supply is locked, but lock time is 2-3 months (check it ). %10 of total supply is locked for 18 months. Circulating Supply is %40 (400.000 PSWAP).

The team has been well prepared and invested in this project. We do not easily come across a project that has KYC and audit.

They made news on sites such as bloomberg.com finance.yahoo.com through a company in the form of a press release. They constantly airdrop events to grow their community.

This project was also sold privately. If the team uses 18% of the tokens well, they can grow quickly.
I should also mention that the project currently does not have any product (AMM, DEX, etc.). They promise to do it.

Presale ended.

1.542 BNB collected. Reached the softcap. Success

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