For a newly established AMM exchange, the most important question is how we can get enough trading volume in a short period of time. More volume means more trading fees, and liquidity providers can get more revenue.
Here is our solution, our unique trading incentive system:
Traders can get extra token rewards in every trading in specialized trading pairs.
For most trading pairs, traders will receive the GATC (GarudaSwap Trader Credit).
Other projects can also provide their tokens as trading rewards for their token's trading pairs. (This means that traders may receive up to 2 tokens as trading rewards for some trading pairs.)
In this way, we provide other projects with the ability to incentivize trading, and they will be more willing to encourage their users to trade on GarudaSwap.
James swap 1 BNB to BUSD, he will receive a certain number of GATC.
James swap 1 BNB to TokenA, and if the project owner provides us some TokenA as trading rewards. James will receive both GATC and TokenA as the trading rewards.
In this way, we will attract more traders and more projects trading on GarudaSwap.
How Can GARUDA Holders Benefit
The logic is simple. We will allocate some trading fees to buy back GARUDA tokens and burned. This can help us stabilize the price of the GARUDA token.
Besides, 10% of the total supply GATC will be allocated to Sky, which means that GARUDA token holders can stake their GARUDA to earn GATC.
GarudaSwap Trader Credit (GATC)
GATC is the second token issued by GarudaSwap, GATC will be used as the trading rewards on our trading incentive system.
Briefly, GATC is a SAFEMOON styled token but without a reflection function. But different from most safemoon tokens, GATC is backed by an existed AMM exchange and has clear use cases.
Max Supply: 1 Quadrillion
10% for sky farming
80% for trading rewards pool
10% for dev fund
Transfer Tax Fee: 10%
5% for automatic liquidity acquisition
3% resent to the trading rewards pool
More details about GATC will be published later.
How Can GATC Holders Benefit
GATC can be staked to earn GARUDA
GATC will cover almost all use cases of GARUDA in the near future