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
Pre-Sale has some risks. Like minting, proxies and developer abandonment. Please DYOR (do your own research)
|Liquidity Lock||% 60 BNB raised liquidity lock|
Lock duration: 11 months
|Participation||Open to anyone|
|Max Spend per Account||15 BNB|
|Presale Price||55,55555556 PSWAP / per BNB|
|Listing Price||38,88888889 PSWAP / per BNB|
|Start||Thu 15 Apr 10:00|
|End||Mon 19 Apr 10:00|
Total Supply: 1.000.000 PSWAP
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.
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
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.
1.542 BNB collected. Reached the softcap. Success