The Sarmaswap token is the first phase in the Sarmaswap decentralized platform. It is a deflationary token that is developed on the Defi protocol framework.
Sarmaswap aims to provide an opportunity for a Defi transaction with the fastest execution, cheapest one-time exchange fee, and zero gas fees on internal transactions.
We believe the high gas fees paid today on Defi platforms do not foster the establishment of new life-changing projects in Blockchain technology. We pledge to fix that!
Sarmaswap token holders are automatically rewarded with 5% redistribution on every transaction made by any user. To help enhance value and ensure holders obtain full value for their holdings, 500,000,000,000,000 tokens representing 50% of the total supply were burned upon launch.
In addition, another 400,000,000,000,000 tokens, representing 40% of the overall supply have been locked, bringing the total number of destroyed and inaccessible tokens to 90% of the total supply. The remaining 10% is given to holders and used to cover overhead expenses.
Because of its non-custodial architecture, lack of deposits and escrow, and world-class security protocol, the Sarmaswap Defi platform is built for tremendous transparency and authenticity.
Every transaction is projected peer-to-peer, with no counter party risk and no third-party intermediaries. The platform has been created to meet the needs of the average trader. A trading platform built by traders, for traders.
Total Supply: 1,000,000,000,000,000
Total Burned: 500,000,000,000,000
Total Value Locked (TVL): 400,000,000,000,000