WHAT YOU NEED TO KNOW ABOUT CHOCOSWAP.

It's no news that Decentralized Exchanges (DEXes) are filling lags in Centralized exchanges, perhaps DEX wouldn't have gain much exposure if not for development and growth of many Decentralized Finance (DeFi). Although, many Defi and DEX have solved some of the problem users face on Centralized Exchanges using Automated market Maker (AMM) but yet there are weaknesses SUCH as mono or dual chain support, low scalability, poor Decentralized Automated Organization (DAO) mechanisms, high fee, low speed, etc.
In the light of this, I will like to bring to your awareness a Defi project that left no stone untouched in name of Chocoswap.org


WHY CHOCOSWAP?

Chocoswap will be the first decentralized exchange based on Ontology, with the high-performance
underlying technology of the Ontology, Chocoswap will provide its users
with trustless cross-chain trading, all at the best speed and price.
This decentralized will also provide derivatives trading to its users. Choco swap support perpetual and options swap which make this DEX outstanding among others existing Decentralized Exchanges.
CHOCOSWAP TOKEN (CHOKO)
Chocoswap is expected to have the following features:
10% each for; locked liquidity Marketing, Development( For Marketing and Development allocation and will be released every month), Team ( tokens cannot be Withdrawn for 1 year initially and then 10% is unlocked every quarter)
3%: Partnership Allocation;
7%: Uniswap Locked Liquidity;
20%: ChocoSwap Ecosystem incentive fund ( for transactions mining, decentralized referral distribution etc.),
30% presale allocation.
CHOKOSWAP DAO TOKEN (VNLA)
VNLA is the governance token in the chokoswap ecosystem. VNLA has no pre -mining ,no founder shares , and no VC interests ,it has a completely equal opportunities for staking distribution to attract a broad and like minded community to steward the future of the protocol and token. There will be six mining pool at inception , of which different amounts of VNLA will be allocated to the pools, halved every 7 days.
DAO GOVERNANCE
With the development of the chokoswap ecosytem, VNLA will be the hub of the community. If more projects want to list in the mining pools, theg need to purchase 10% of the designated number of VNLA to apply for a community vote.
For example, project A wants to list on Chocoswap with 1,000 VNLA to mine. Therefore, they need to buy 100 VNLA tokens to create a vote. This fee is non -refundable , which means if the votes fails, project A will not receive the q00 VNLA back; should the community approves the project A ,they need to buy the remaining 90% of the pool amount i.e project A need to buy another 900 VNLA tokens. On approval Project A will Need to buy another 10% of the pool fee to the community to create a vote to increase the token supply but with the maximum buying amount. This way ,VNLA will be used to create a positive cycle that serves useful projects on Ontology, while protexting the rights of VNLA token holders.
ECOSYSTEM INCENTIVES
Chocoswap will be the first decentralized exchange with a complete referral program, liquidity providers will be rewarded based on first come first served, besides transaction mining rewards will be shared duly and Choco holders tend to get discounts on their transactions fee.
www.chocoswap.org is excited to announce $CHOCO presale launch with @LID_Protocol
PRESALE OPEN : Jan. 8th, 9PM PST.
Token Supply : 21M $CHOCO
Available for presale :7.35M $Choco
1ETH : 9187.50 Choco
Minimum - 0.01 ETH
Maximum - 25 ETH
For more details, visits https://sale.lid.sh/xhoco
Or visit chocoswap.org to learn more about $Choco
Main Official Networks
Twitter : https://twitter.com/Choco_Swap
Telegram : https://t.me/chocoswap
Reddit: https://www.reddit.xom/r/Chocoswap
Medium : https://medium.com/@chocoswap
NB : This is a sponsored Ads, manage your risk as you know crypto currencies trading are volatile.
#DeFi #cryptocurrencies #Choko #Dex #Bitcoin #Erc20 #Nep-5 # ONT #ETH #Ether #BTC #Ethereum #Ontology

Note social app is the bomb works as expected but needs more tweaking & update kudos team.

this Ann looks too scanty for this type of project. they have been doing great with development so far

This project looks interesting I may have to buy some. 

This looks interesting

i dont know which bounty is most profitable but will be interested in getting some good returns. anyone with a good bounty program, kindly indicate

finally got my wallet to sync how do i  mine pls

honestly dont understand the need to create this token or even an airdrop

Can someone please tell me when ICO is scheduled to be done wouldn't wanna miss this project

This project looks interesting. I can't imagine how great this will impact some African countries with internet connectivity issues

crypto trading may be difficult for those not willing to learn new things to be a successful trader u need to increase ur curiosity and learn, research. u will become successful. set rules for urself. andd remember, buy low sell high. rinse and repeat. you will get  there
 

This project looks interesting. I wish I did the crowdsale. Guess I wasn't looking close enough

I feel this project will be massive in as much that devs perfect it's UI and probably add a reward system that will encourage users

Hello Dev does the lottery work like the PowerBall Lottery

joined thanks

i remembered the first SYS i got at 900 sats then we got nice moon shot to 8k now sub 3k sats am Hopeful it will be my winner afterall since Masternode is coming soon

pls what time will it be on the exchange i missed ICO

I made a lil research about the lottery Industry. My discovery was breath taking. i said to myself what if its on the blockchain it would be a game changer.

Hey guys I have tried registering for the airdrop is it over?

This project is actually a massive one if they can dedicate the time to it