Sideswap Intro

Sideswap Finance

SideSwap is a decentralized trading platform that provides efficient on-chain liquidity for Web3 assets, making it easy for anyone to access Web3 assets.
As an open and permissionless application, SideSwap eliminates trusted intermediaries and fees, allowing users to securely and efficiently trade without the need for third-party trust.
SideSwap also offers a reward mechanism that allows users to provide liquidity and earn trading fee rewards. The goal of SideSwap is to provide a safer, faster, and more convenient experience for digital asset trading, while also offering users more trading pairs and liquidity.

100% SIDE Fair Launch

Details of $SIDE 100% Fair Launch
Total Supply: 1 billion $SIDE
Valuation: $300K
Campaign Date: 00:00:00 (UTC) December 27, 2023 - 23:59:59 (UTC) January 20, 2024
Total period: 600 hours
Token Distribution

Community - 20% SIDE

• 1% Participants in Zealy activities
• July 17, 2023 - January 20, 2024
• 2% Lumoz loyal points holders
• Allocation based on Lumoz points data from the ZKF community airdrop event.
• 7% $ZKF stakers
• January 14, 2024 - January 20, 2024
  • A snapshot of ZKF stake points will be taken everyday
  • Airdrop will be distributed everyday based on the percentage of ZKF stake points.
• 10% Sideswap protocol contributors
• 
  

Sideswap liquidity providers - 40% SIDE
Liquidity Campaign Start Date: - 00:00:00 (UTC) December 27, 2023
Liquidity Campaign End Date: - 23:59:59 (UTC) January 20, 2024

• Supported LP token pair

• ZKF/USDC
• WBTC/USDC
• WBTC/USDT
• ETH/USDC
• ETH/USDT
• USDC/USDT
• WBTC/ETH

• Distribute 40% of SIDE over 600 hours, allocating 666,666.6666 SIDE per hour.
• Conduct hourly random snapshots of the value of all Sideswap LP tokens and the value of all LP tokens held by users, distributing rewards once per hour.

• Estimated SIDE = your LP tokens value / total LP tokens value * SIDE distributed

Example:
Period
Snapshot of total LP tokens value
Snapshot of Bob's LP tokens value
Estimated SIDE
Total estimated SIDE for Bob

Random time of first hour
$ 100000
$ 1000
6666.6666 (1000/100000*666666.6666)
6666.6666
Random time of second hour
$ 180000
$ 100
370.3703 (100/180000*666666.6666)
667037.0369 (6666.6666+370.3703)
Random time of third hour
$ 120000
$ 2000
11111.1111 (2000/120000*666666.6666)
678148.148 (11111.1111+6666.6666+370.3703)

What's More?

In addition to receiving a 40% SIDE airdrop, LP providers are also eligible for trade fees.
Sideswap traders - 40% SIDE
Trading Campaign Start Date: 00:00:00 (UTC) January 10, 2024
Trading Campaign End Date: - Once the trade fees hit $120,000

• Total Airdropped SIDE tokens: 400 million.

• Total Trade fees: $120,000.

• Tokens are distributed based on trade fee contributions of all users in this campaign.

Once the trade fees hit $120,000, the promotion will conclude, and any subsequent fees will not be considered.