Swapscanner 2022 Q2 Roadmap Update

Q2 Mission
👉 Sharing revenue with SCNR token holders, while pursuing to be the one-stop platform on Klaytn

1. Sharing 30% of the swap commission to the SCNR token holders!

• Introducing revenue share program to directly share protocol revenue with every SCNR token holders.
• We expect the commission to grow over time, since our mission/vision will bring more traffic, featuring more features, and expand to other networks.
  
  
• Share ratio will be calculated by staked SCNR amount (SCNR single staking only), and length of period.

2. Expanding underlying value of SCNR tokens

• Offering 20% off from the swap commission when paying with SCNR token.
• 100% of the SCNR token paid gets burned immediately.
  
  
• Extra discount will be offered based on tierd membership, evaluated by the amount SCNR staked.
• SCNR can be used for many more utility services to come, such as limit order.
  
  
• Create SCNR related liquidity pools to many other DEXes that we are partnered with.

3. Limit order tiger team assemble

• The very first limit order that utilizes all the liquidity pools that we have aggregated.
• We are aiming to deliver this feature on later this year. Many senior to staff level software engineers are being gathered from all around the world including the Bay Area and Korea to achieve this.

4. Pro Chart feature

• Goal is to create a sophisticated chart service for pros from all over the Klaytn ecosystem.
• Precise token rate is computed in realtime using our own algorithm.
• Aiming to deliver the best user experience, far beyond the industry standard.

5. Improving efficiency of the Navigator: our routing engine

• Provides faster and efficient routing, even than the current one.
• Consolidating the routing engine will solidify our position as the largest DEX aggregator on the Klaytn network, and help our expansion to the other networks.

6. Partnership: The Swapscanner Component

• Features like Swap, Pro Chart, or Dashboard will be opened to be used by our partners via API or components.
• We are willing to help many other dApps with our tech :)

7. Developing data driven business

• DEX, and DeFi related on-chain data will be collected, and analyzed from every single corner.
• Analyzed data will be utilized and rendered into other projects, that can help our expansion.

8. Operation policy updates

8.1 Swap reward policy

• Dropping SCNR token reward issued on every swap.
• Existing allocation will be used for service expansion, including ICO on centralized exchanges, fundraises, and inter-chain expansion.
• Swap Route NFT holders will be benefited from lifetime zero swap commission for from/to route assigned to each tokens.

8.2 Distribution of the swap commission

• 40%: Buyback fund
• 30%: Shared with SCNR stakers
• 30%: Swapscanner service operations (e.g. cloud infrastructure, marketing, wages, ...)

8.3 Buyback fund

• 40% of the swap commission will be allocated to the buyback fund.
• Buyback fund was initially designed to neutralize the potential inflation caused by the swap reward. Since the swap reward program will be terminated, updated ratio of 40% will effectively deliver 60% or more impact.
  
  Following revenues will also be allocated to the buyback fund:
• Asset management
• Minting NFTs, that will be announced later on
• 70% of the revenue from NFT trades

8.4 Commission currency

• We are changing the swap commission currency from KLAY to USDT.
• USDT is a stable currency, meaning it is safe from the fluctuating market.
• USDT is a key currency across multiple networks, and this will help our inter-chain expansion.
• Revenue shares will be accumulated and distributed in USDT.

9. One more thing...

• We will be migrating our community from Telegram to Discord, for global expansion.
• Continue to aggregate newly opened DExes, if any.

Best regards,

Team Swapscanner 🚀
contact@swapscanner.io

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