https://etherscan.io/tx/0xcc5da2ecf5456289abb3769a2d58a5e16875cdd888dd0d7645778c3a8431b905
Please look at this diagram to understand the ecosystem:
+--------+ +--------+ | | | | | x7m105 <--------+ x7dao | | | | | +----^---+ +--------+ | +---------------+ | +-------+ | | | | | ETH | | | | | +---^---+ | | | +---v---+ | | | | +--------> X7001 <--+-------+ | | | | |
+-------+ +---v---+ +----^--+ | +---v---+ +-------+ | | | | | | | | | | | ETH <---> X7005 | +------+-----++ | X7002 <---> ETH | | | | <--+ +--> | | | +-------+ +----^--+ | Liquidity | +--^----+ +-------+ | | Hub | | | +--+ +--+ | | | +------^------+ | | | +------^------+ | | | +--v--v-+ | +-v--v--+ | | | | | | X7004 <------ | ------> X7003 | | | | | | | --+ | +---^---+ | | | +---v---+ | +---v---+ | | | | | | ETH | | | ETH | | | | | | +-------+ | +-------+ | | | +--------------+---------------+ | | | A Uniswap Fork Dex | | | | 1. An LP fee that pays into | | the Liquidity Hub | | | | 2. A lower fee than uniswap | | | | 3. Website hosted on IPFS | | for censorship resistence| | | +------------------------------+
The uniswap fork dex, which will have a lower LP fee than Uniswap, and will be optimal for DeFi Initial Liquidity Offerings.
The profit from the DEX will flow into the liquidity hub
a) A portion will flow into the x7m105 as liquidity b) A portion will flow into the X7001-X7005 token network as liquidity
Arbitrager's will ensure that X7001-X7005 tokens will maintain a similar price (and due to liquidity tax and the DEX profits, these tokens will have a constantly rising floor).
Long term Holders of X7001-X7005 can expect an ever deepening liquidity pool and price floor as funds from the DEX flow in.
Short and mid term holders of X7001-X7005 can enjoy arbitrage opportunities across the pairs
In order to make arbitrage more practical the X7001-X7005 can be traded at a discounted fee by holding >= 50,000 x7dao tokens.
In the future we may offer a trading pass NFT that provides this same benefit. If we do so, we will be able to enable that on the existing tokens.
Due to the recent tornado cash sanctions, this project is intended to be censorship resistent by hosting the DEX frontend on IPFS and using on chain messages to communicate.
