What is Minswap (MIN) ?

Minswap is a decentralized exchange (DEX) on the Cardano blockchain featuring an innovative multi-model liquidity pool system. The platform combines stable pools, multi-asset pools, and concentrated liquidity to provide advantages for both traders and liquidity providers. MIN tokens are distributed fairly without private sales or venture capital investment, ensuring the community benefits fully while preventing insiders or speculators from gaining unfair advantages.

Minswap aims to optimize user experience with low transaction fees and fast token swaps. Users can stake MIN tokens to earn ADA, Cardano’s native cryptocurrency. This staking option encourages participation in the platform while offering additional rewards to liquidity providers.

Team and Founders

Minswap is developed by an experienced team within the Cardano ecosystem, focusing on innovative DeFi solutions. The founders ensure fair distribution of MIN tokens and long-term sustainability of the protocol.

• Long Nguyen: Co-founder and key figure representing Minswap at events like Cardano Summit, emphasizing community-centric values.

• Richard Nguyen: Co-founder and Blockchain/Technical Lead, responsible for developing DeFi infrastructure on Cardano’s eUTXO model and Plutus smart contracts.

• Hieu Phan (Phan Nguyen Huy Hieu): Active team member handling product development, UI/UX, and operational processes.

Investors and Partnerships

Minswap has progressed without private or VC investments, relying on community members, liquidity providers, and DAO participants for protocol growth. Innovative mechanisms like the FISO model and MINt token incentivize community engagement and ensure fair protocol expansion.

Notable integrations and partnerships include:

• Cardano Ecosystem: Integration with Cardano wallets (Nami, Eternl, Yoroi), NFT marketplaces, and other DeFi protocols.

• Projects: Many new Cardano projects choose to list their liquidity first on Minswap, acting as strategic partnerships.

Project Concept and Functionality

Minswap’s core idea is to build a community-driven DEX using Cardano’s technical advantages, optimizing liquidity and supporting a fair launch model.

• Liquidity Optimization: Combines different AMM models (e.g., Uniswap v2 constant product formula and StableSwap dynamic formula) for best swap rates.

• Fair Launch: MIN tokens are distributed primarily to the community and liquidity providers instead of private investors, ensuring decentralization and fairness.

How It Works

Minswap operates using Cardano’s Plutus smart contracts and eUTXO model.

• Automated Market Maker (AMM) Model: Instead of matching buyers and sellers, Minswap uses liquidity pools.

• Liquidity Pools: Each pool locks equal value of two tokens (e.g., ADA/MIN) in a smart contract.

• Liquidity Providers (LPs): Users deposit tokens into pools and receive LP tokens in return.

• Swaps: Trades execute based on pool token ratios, with users paying a transaction fee.

• Earnings: LPs earn a portion of swap fees proportionally to their share of the pool.

Yield Farming

Users can stake LP tokens on Minswap to earn additional MIN tokens, incentivizing liquidity provision and enhancing platform growth.

Governance

Minswap follows a community-driven governance model. MIN holders vote on protocol changes and ADA delegation. Initially, small adjustments are managed by the core team, while major decisions require community voting. DAO governance is gradually expanding toward full community control.

Roadmap and Achievements

Since Q2 2021, Minswap has launched testnets, the FISO model, MINt token, Laminar solution, Mainnet, and Liquidity Bootstrapping Event. Additional improvements include user experience enhancements, DAO governance, Yield Farming V2, and staking rewards.

MIN Token Details

• Total Supply: 2.49B MIN

• Max Supply: 2.5B MIN

• Circulating Supply: 1.75B MIN

Token Use Cases

• Stake MIN to earn ADA rewards.

• Hold MIN for trading fee discounts.

• Participate in governance decisions.

MIN Token Distribution

• Yield Farming: 38.26%

• Circulating Supply: 34.53%

• Development Fund: 8.42%

• Team Tokens: 8.40%

• DAO Treasury: 6.67%

• Incentives & Partnerships: 2.17%

• MIN from MINt: 1.55%

Ecosystem and Features

Minswap’s ecosystem features fast, low-cost token swaps, multiple liquidity pools, and community-oriented governance. Key features include:

• Community-driven token distribution and DAO governance.

• Innovative mechanisms like FISO model and Launchpool.

• SPO support and automatic fee conversion (Babel Fees).

• Liquidity Bootstrapping Event and Launch Bowl for new projects.

• MIN staking options: 9-month fixed contract or liquid staking.

Platform Highlights

• Multi-Pool Models (Router): Combines AMM algorithms (Constant Product, StableSwap) for optimized liquidity.

• Low Transaction Fees: Utilizes Cardano’s cost-efficient infrastructure.

• Non-Custodial: Users retain full control of their assets.

• Community-Driven: Fair launch and strong governance put the protocol in users’ hands.

Official Links

• Website
• Twitter
• Telegram
• Discord

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