Coingecko lists tokens traded on MinSwap
Starting in mid-October, Coingecko lists tokens that are traded over MinSwap DEX. MinSwap and CoinMarketCap had arrived at a similar arrangement back in July.
Both of these crypto listing platforms track the price action of these tokens in fiat terms or compared to primary coins. In the case of CoinGecko, the primary coins are BTC (including SATS), ETH, LTC, BCH, BNB, EOS, XRP, XLM, LINK, DOT, and YFI.
price of PAVIA token tracked in BNB on CoinGecko
This listing announcement adds to the list of efforts the MinSwap team has been working on behind the scenes. The team has been focused on the platform development, almost to a fault.
Just recently, the team announced the introduction of its new dynamic emission rate for its MIN token. Following this adjustment, the daily emission rate of Minswap's governance token dropped to 782,166 MIN daily; down from 1.3 million MIN daily in August. In its $MINomics Research article, the MinSwap team explains the rationale behind this adjustment in detail.
MIN token daily emission rate on MinSwap's yield farming page
Whether this improvement will help contain the selling pressure on MIN tokens remains to be seen. Since its LBE, the MIN token has shed over 90% of its value due to constant sell-off & the prevailing bear market conditions.
In mid-September, MinSwap announced trading discounts to all its MIN and MIN/ADA LP holders. MinSwap users in this group are eligible for up to 25% in fee discounts. There are 9 discount tiers as follows:
MIN | MIN/ADA LP tokens | Discount | Effective Batcher Fee (ADA) |
---|---|---|---|
0 | 0 | 0.0% | ₳ 2.00 |
2,000 | 200 mil | 1.0% | ₳ 1.98 |
5,000 | 500 mil | 2.5% | ₳ 1.95 |
10,000 | 1 billion | 5.0% | ₳ 1.90 |
15,000 | 1.5 billion | 7.5% | ₳ 1.85 |
20,000 | 2 billion | 10.0% | ₳ 1.80 |
25,000 | 2.5 billion | 12.5% | ₳ 1.75 |
30,000 | 3 billion | 15.0% | ₳ 1.70 |
40,000 | 4 billion | 20.0% | ₳ 1.60 |
50,000 | 5 billion | 25.0% | ₳ 1.50 |
First published on Oct 18, 2022