What is Valkyrie Network (VAL) ?
Valkyrie Network (VAL) is an automatic token exchange protocol based on Ethereum. It is designed for ease of use, high gas utilization, censorship resistance, and zero draw. Vswap is a system deployed on Ethereum, which can perform about 15 transactions per second. This is not feasible for order book exchanges, mainly because the order book model relies on one or more external market makers to make a continuous market on an asset, while Ethereum’s TPS is low and the blockchain network does not support high frequency trading by market makers. Without market makers, the exchange’s liquidity would immediately be reduced, which would be a poor experience for users.
Valkyrie Network (VAL) adopts the liquidity pool plus constant multiplication formula, which is an automatic market maker (AMM) mode, to realize the exchange of assets. The automatic market maker mode does not require the buyers and sellers to issue orders, nor does it overlap the orders of the buyers and sellers, so it can carry out free trading
Valkyrie Network (VAL) Use liquidity pool to provide transactions between buyers and sellers. Market makers simply put Tokens into the liquidity pool. Constant multiplication formula: The system automatically calculates the buying and selling price according to the amount of Tokens in the liquidity pool.
Valkyrie Network (VAL) Coin Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Valkyrie Network |
| Short Name | VAL |
| Max Supply | 10,180,000 |
| Total Supply | 10,180,000 |
| 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 |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Ease – of – Use
Valkyrie Network (VAL) Exchange of Token A for Token B can be completed in Vswap as long as one transaction is issued. In other exchanges, two transactions may be issued: the first transaction is converted into Token A for some kind of media currency, such as ETH, DAI, etc., and then the second transaction is converted into Token B.
Gas Efficiency
Valkyrie Network (VAL) The amount of gas consumed on Vswap is the lowest of several major de-centralization exchanges on Ethereum, which means that miners have to pay the fewest fees in Vswap
Censorship Resistance
Valkyrie Network (VAL) The anti-censorship is reflected in the fact that there is no threshold for the new Token to be put on Vswap, and anyone can put any Token on Vswap.
Zero Rent Extraction
Valkyrie Network (VAL) In the Vswap protocol design, the development team does not extract fees from the transaction, and all fees from the transaction are returned to the liquidity provider. bids. The exchange matches buyers and sellers, and when the highest price in the order book falls below or equals the lowest price, a deal is made and a new transaction price is created.
Liquidity Pool
Valkyrie Network (VAL) A liquidity pool is a general term for all tokens and funds locked in smart contracts. Liquidity is the conversion of funds into tokens, or the conversion of tokens into funds. A complete flow pool is divided into two parts, each representing a different currency, and becomes a trading pair. In Vswap V1, there is ETH and ERC20 Token, and in Vswap V2, direct exchange of different ERC20 tokens is supported. So the flow pool in Vswap V2 can allow different ERC20 tokens on both sides, in which the ETH will convert into ETH Token automatically. For simplicity, take the ETH-ERC20 trading pair as an example
Constant Multiplication Formula
Valkyrie Network (VAL) Assuming that there is a flow pool of ETH-DAI trade pairs in Vswap, the user needs a method to determine the transaction price when using DAI to exchange with the ET
Impermanent Loss Design
Valkyrie Network (VAL) Participation swap for liquidity mining will lead a normal phenomenon: assets deposited in the current pool revealed less value than the previous value, this kind of situation is called “impermanent loss”.
Mandalorian Plan
The Valkyrie Network project attracts developers from around the world, and these DEFI technology enthusiasts will develop and promote smart contracts within the Vswap ecosystem. Valkyrie Network has a rating system and a reward system in place for the developer community, which ensures that every line of code is rewarded with tokens.
All bounty items will be posted globally through the developer community and the website. The Mandalorian Project code is open source, and every developer can contribute from anywhere around the world and participate in the evaluation tasks. This new form of collaboration will give the developer community the greatest freedom and the greatest rewards