What Is LatteSwap(LATTE)?
LatteSwap the newest decentralized exchange with integrated NFT functionalities operating on the Binance Smart Chain (BSC). Whether you are a fan of yield farming, NFTs, or just some good coffee, they have something for you. So come on in, they are open for business! NFT ecosystem has gained a lot of attention and adoption in recent months. A company see many DeFi projects started to incorporate NFT on their platforms. However, most NFTs created still have little to no functionalities beyond being just cute collectibles. Functionalities on some platforms are also limited as they were not designed from day one, but rather incorporated as an afterthought.
LatteSwap see an opportunity to create a DEX with integrated NFT functionalities – merging the DeFi and NFT worlds, which will serve to improve incentivization mechanics and truly reward the most loyal users. A company envision LatteSwap to be a fun, efficient, easy-to-use, and profitable DEX for both veterans and newcomers to DeFi alike. A company believe BSC is the best platform right now to launch an NFT project with its large user base, low gas cost, and the platform’s support and focus on the NFT ecosystem.
LatteSwap Storage Key Points
|Circulating Supply||4,026,502.00 LATTE|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Integrated NFT functionalities
Nothing is wrong with punks, penguins, apes, and rocks. LatteSwap love them. But they also believe NFTs can be much more than just collectibles. That’s why they have designed LatteSwap to have real integrated NFT functionalities from the ground up. A company have implemented two key functionalities for coins NFTs from day one, and company will continue to add more NFT functionalities to your platform in the future.
Just as the name implies, these NFTs are exclusive and will only be available for the real LatteSwap OGs. They can only be acquired within the first two weeks of the protocol’s launch. Holders of OG NFTs will be guaranteed to receive a fixed % of LATTE emission in perpetuity! That’s the benefit of being an OG. Sales will go live on 19th September at block #11047888 (Approx. 10AM UTC). Learn more on how OG NFT works here.
Security is LatteSwap #1 priority. This company want your fellow baristas to enjoy their coffees without getting a stomach ache, food poisoning, or other unpleasant symptoms. That’s why your codes have been fully reviewed by two professional audit firms. LatteSwap has coin own in-house Bug Bounty Program with bounty rewards of up to $50,000. They are in the process of setting up a Bug Bounty Program with Immune.
LatteSwap contracts are also owned by a 24-hour timelock. This means any changes made by coins developers will have a 24-hour lag before becoming effective. During this time, the community will be able to review the changes and withdraw funds safely in case of suspicious updates.
Many improvements under the hood
LatteSwap focuses on fair distribution and compos-ability by making improvements on your key contracts. The Master-barista contract improves on the popular mastercheaf contract in the followings areas:
- New core data structure: instead of referencing reward pools with pool ID, it uses staked Token address as the ID, increasing ease of integration, transparency, and compos-ability to the protocol.
- Claim all rewards: enabled at the smart contract level. With one transaction, users can claim rewards from multiple staking pools, minimizing gas fees.
- Add / remove pool: MasterBarista can add/remove reward pools unlike MasterChef that only allow for pool addition.