Core Features of TaalSwap IDO

The TaalSwap team has been developing the first working version of TaalSwap on Ethereum before going further on to embrace BSC, Klaytn and Heco. The initial goal of this MVP (Minimum Viable Product) is to make available a fully working swap platform for ERC-20 token pools, creating a marketplace that joins pool creators to liquidity providers (LPs).

Fixed Swap Auction Pools

From our website, users can probe into a variety of token pools and join them. They will be fixed swap auction pools where the parties concerned exchange a fixed number of tokens for a predetermined price. TaalSwap’s Fixed Swap Auction Pools serve as a well-tailored token swap infrastructure for token sales.

The beauty of Fixed Swap Auction is that by pledging a fixed exchange rate, project investors are able to assess their investment cost and make smart decisions on the project they are interested in. On the project side (i.e., for auctioneers), the amount of raised funds and sold tokens is correctly calculated.

With this TaalSwap MVP, pool creators can feed the pool information comprising token contract address, title of the pool, limit per address, pool access type (public or private) and token price. A participant (i.e., auction-goer) can join a token sale and his/her bid(s) are automatically processed in no time, ensuring the immediate transfer of the swapped tokens.

Incentivizing LPs in terms of Governance Contribution

To ensure full decentralization, TaalSwap IDO offers a governance model in which users can actively participate through voting for a project. To this end, TAL, the native token of TaalSwap, serves as governance tokens for project listing. The users interested in a particular project can stake TAL as governance tokens for taking a vote on the project. If the project listing is approved, the users who participated in voting acquires priority over the project token sale, and also be rewarded project tokens for their governance contribution (The amount of token rewards is to be set by the project).

Permissionless Listings

The gist of the TaalSwap platform is to build a permissionless trading environment for authentic decentralization. Ultimately, any TAL token holders will be able to make use of the protocol on the TaalSwap platform to autonomously create and launch fixed swap/sealed-bid/Dutch auction pools.

Anti-Scam and Anti-Slippage Measures

DEX platforms often suffer from criticisms caused by fake tokens listed on them despite the projects not having launched their native tokens yet. The anti-scam measures will be fully integrated into the TaalSwap IDO platform, thereby protecting the users from scam tokens. We also plan to integrate anti-slippage measures by providing users with an alert system that warns them about risky price jumps and probable slippage-incurring trades.