⛓️AshSwap Token

ASH token and how it works within the AshSwap Protocol and Platform.

Native Token - ASH

ASH is the native token of AshSwap. It serves as the entry for extended features and incentivizes liquidity providers on the platform.

ASH Token Utility:

• Revenue Sharing

• DAO Voting Right

• Farming Yield Boosting

• Stablecoin Minting Fee (coming)

This helps:

• Reduce selling pressure & create constant buying pressure

• Bring benefits to long-term holders

• Create revenue stream

MultiversX (previously Elrond) ExplorerMultiversX

ASH Contract on MultiversX

By locking ASH for a certain amount of time in Governance Staking, users get veASH in return and have multiple benefits.

Obtaining ASH

• ASH can be obtained by participating in Liquidity Staking (Farming) program on AshSwap and Metastaking program on xExchange.

• ASH is currently listed on xExchange (ASH/EGLD) and AshSwap’s concentrated liquidity pool (ASH/USDT).

🧑‍🤝‍🧑Governance - AshDAO

Governance Token - veASH

ve stands for Voting Escrow, a system for temporarily locking up tokens (such as veCRV for Curve; or veASH for AshSwap). Take veASH as an example, the veToken serves the following purposes:

• Earn 50% of the trading across all pools on the exchangeAshSwap Litepaper

• Be able to boost farming yields, by up to 250%

• Have Voting Power in AshDAO in which users can participate in governing specific metrics in AshSwap products

• Earn Bribe while voting in AshDAO

As AshSwap evolves and more products are developed, veASH holders will continue to benefit from those greatly.

How to claim trading fees