Press ReleaseUncategorized

StoneSwap to Launch the First Decentralized Exchange for ModulusZK

StoneSwap has proudly announced the launch of its new decentralized exchange. The platform will provide users with a secure, fast, and cost-effective way to carry out token swaps on ModulusZK, the first privacy-enabling zkEVM.

The upcoming $STONE public sale allows holders to benefit from lucrative staking rewards. The project will reward its community with 0.1% of all the trading volume generated by the DEX as fee revenue.

A New Platform Breaking Paradigms in ModulusZK

StoneSwap is a new platform that provides crypto traders with various tools for their daily needs. By leveraging Cult DAO’s ModulusZK technology, StoneSwap can provide users with an unprecedented level of privacy and scalability.

StoneSwap intends to offer its users various features, such as:

  • A trading dashboard with all the necessary components to interact with StoneSwap
  • A trade function allows users to swap between different tokens
  • An integrated trading pairs section enables users to create, search and evaluate existing trading pairs.

This is just a small preview of the features that StoneSwap has planned. As the platform grows, users can expect even more features to help them make their trading experience even better.

Trading crypto pairs on StoneSwap is easy and secure, and users can place orders quickly with just a few clicks. Each trading pair created will have an associated fee of 0.4%, divided between LP (0.3%) and those who stake $STONE (0.1%). The team will pay the latter reward directly using $CULT, Cult DAO’s cryptocurrency.

The Upcoming $STONE Public Sale

$STONE is the token of the project’s ecosystem, and it will allow users to be part of this decentralized platform. The total supply for $STONE tokens is 666,666,666, and the distribution of these tokens is as follows:

  • 13.35% for early birds,
  • 25% for IDO,
  • 15.35% for the team,
  • 30% for liquidity, and
  • 10% for treasury purposes

The team will burn the remaining part of the tokens, which is a strategy meant to increase token value.

Also, the system will introduce a 2% tax on each sale and purchase of tokens. The tax proceeds will help the team buy and burn different tokens ($STONE, $CULT, and $RVLT) and cover development costs.

The upcoming $STONE public sale on Fjord Foundry is gathering much attention from the crypto community. Based on competitive analysis, StoneSwap’s team aims for high growth potential for its token. The round will officially open on May 26th, 11 AM UTC.

About StoneSwap

StoneSwap is the first decentralized exchange to launch on ModulusZK, Cult DAO’s privacy-centric platform for token swaps. The team behind the project consists of two experienced builders and developers in the crypto space, Rocky and Bouldy. 

StoneSwap aims to offer a secure and accessible platform for users to trade cryptocurrencies and derivatives with enhanced privacy features. StoneSwap has completed its KYC process with the SolidProof team. Their upcoming roadmap includes public IDO, smart contract audit, and derivative DEX integration.

The upcoming $STONE public sale is an opportunity to participate in StoneSwap’s mission of transforming the token swap space. Anyone interested in knowing more about StoneSwap can visit its official website and join its community on the pages below.

Telegram | Twitter | Medium

Disclaimer: This is a paid press release! Chain.Buzz does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Chain.Buzz is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Latest Press

post-thumbnail
Press Release
5 days ago
GhostDAG.org Is Placing a Big Bet on KASPA
GhostDAG.org (GDAG) recently announced their acquisition of $350,000 worth of Kaspa Miners. The grou...
READ MORE
post-thumbnail
Press Release
5 days ago
Wemade CEO Henry Chang to attend Fortune Global Forum and Abu Dhabi Finance Week 2023
Wemade CEO Henry Chang is attending the prestigious Fortune Global Forum Abu Dhabi 2023, an invite-o...
READ MORE
post-thumbnail
Press Release
1 week ago
Lee Yewon wins WEMIX CHAMPIONSHIP 2023
WEMIX CHAMPIONSHIP 2023, the first KLPGA golf tournament to offer all-crypto prize money and hosted ...
READ MORE
post-thumbnail
Press Release
1 week ago
Libertum Launches Innovative Real Estate Investment Platform: Democratizing Property Investment
Today marks a significant milestone in the world of real estate and blockchain technology as Libertu...
READ MORE
post-thumbnail
Press Release
1 week ago
De.Fi Sold Out $5M Round. OKX, Binance & Coinbase Directors among Investors. The Sale is Still Open
De.Fi, a SocialFi & Antivirus SuperApp, has reached a significant milestone with the launch of D...
READ MORE
post-thumbnail
Press Release
2 weeks ago
Montage Token – Assembling the Future Gold Standard of Crypto
Montage Token is a community-centric project seeking to introduce the “new gold standard of cr...
READ MORE
post-thumbnail
Press Release
2 weeks ago
Wemade announces global teaser site and pre-registration date for blockbuster MMORPG NIGHT CROWS
Among the most successful 2023 mobile game launches in Korea; #1 (revenue growth) and #2 ranked mobi...
READ MORE
post-thumbnail
Press Release
2 weeks ago
The Future of AI-Agents is Decentralized: Delysium and Microsoft Partner to Mainstream AI on Blockchain
Onboarding new users into the world of blockchain and AI can be a daunting task filled with complexi...
READ MORE
post-thumbnail
Press Release
2 weeks ago
Fizen.io Presents Plan to Boost Crypto Mass Adoption through Payments, Not Trading
Trading is detrimental for new crypto users because it often results in losses and setbacks, tarnish...
READ MORE

Publish an article now

Unlock the power of media for instant visibility to the target audience, major SEO boost, greater website traffic and conversion rates.

click here to get started