TALLINN, ESTONIA, June 22, 2021: Leonicorn Swap, the most advanced DEX Exchange on Binance Smart Chain, is happy to announce its whitepaper release.
According to the official announcement on Twitter, the whitepaper V1.0 is officially live on the Leonicorn website ending the long wait. The whitepaper comes just days before the exchange scheduled public sales that have been set to start on June 25 and run till June 30.
The official announcement read on Twitter:
“Wait is over. Whitepaper V1.0 is live on our official website. Only five days left for our public sale. Join our whitelist today.”
Leonicorn Swap introduces to the cryptocurrency industry new and advanced features that allow their users to earn and win tokens. Among the notable features include operating based on the Automated Market Makers (AMM) model and a non-fungible token (NFT) marketplace. This has helped us build one of the most innovative platforms to allow users to trade digital assets and complete control over their money and investment decisions. Leonicorn Swap is truly decentralized with the most user-friendly, efficient, and secure cryptocurrency solutions leveraging blockchain technology.
Features of the Leonicorn Swap whitepaper
The document is a 28-page read with a detailed description of the project. As per the whitepaper, Leonicorn Swap is a project built to understand the present cryptocurrency market dynamics and the changes that are constantly taking place in the market. There is a need for innovative features to adopt other cryptocurrencies, decentralized finance (DeFi), and non-fungible tokens (NFTs) and bolster user investment decisions.
The paper highlights the challenges that come with centralized exchanges, including the hacks, transaction fees, withdrawal limits, listing greed, foul play by the key stakeholders’ complexity, no fiat currency support, and liquidity concerns, among many others.
Through the paper, Leonicorn notes the growth of the DeFi market in the last ten months. The exchange also notes that while DeFi has the potential for more growth, various challenges serve as obstacles to its development. Among the notable limitations include Limited scalability, decentralization concerns, and security.
The whitepaper also explains why the exchange chooses to use the Binance Smart Chain (BSC). According to the paper, Leonicorn Swap chose BSC for its low transaction cost structure as low as 1 cent. The blockchain also is among the fastest and will help users, especially developers, take advantage of the dual chain architecture. A dual chain means that users can transfer their digital assets across the various blockchain networks available.
The whitepaper gives a detailed structure of Leonicorn’s ecosystem. These include a token swap exchange, liquidity pools, hunting pools, Initial Farm Offering (IFO), lottery structure, token economics, and their Non-fungible token marketplace.
Lastly, the whitepaper gives detailed information of the team behind the project. First on the list is Mofassair Hossain, the CEO and also serving as an angel investor. Hossain brings to the table years of experience serving as a blockchain start-up marketing advisor who has helped raise $600 million and got more than 60 projects. Scott joins him- the CMO and angel investor, Aravind Babu-CTO, Ashok Kumar R.J- Solidity and Blockchain App Developer, Alexey Makarov- Senior UX/UI Graphic Designer, Atiqur Rahman- Graphics and UI/UX Designer, and Samiran Mondal- PR expert.
CEO- Mofassair Hossain
Company – Leonicorn Swap
Telegram- LEONICORN SWAP OFFICIAL COMMUNITY
Twitter- LEONICORN SWAP
Name- Samiran Mondal
Company- News Coverage agency
Team- News coverage agency
Telegram- Samiran Mondal