What is MojitoSwap (MJT)?
MojitoSwap is an all-in-one decentralized exchange (DEX) platform built on the KCC blockchain. The platform has lots of features enabling users to earn and win tokens. KCC makes the project fast, affordable, and accessible.
MojitoSwap platform operates as a decentralized autonomous organization (DAO). It allows users to trade and exchange tokens through an automated market maker (AMM).
Besides trading, users can also earn rewards through other DeFi products such as staking, yield farming, and liquidity mining. The primary goal of MojitoSwap is to expand users’ earning scope through gamification. Therefore, it will continue launching more DeFi projects to cover a wider scope of users’ needs.
However, MojitoSwap also has a reward program for users who promote the exchange. You can refer other people to join the platform via a referral link and earn MJT tokens. According to the program, the referrer receives 5% of the transaction fee on the first transaction by the invitee. The platform also rewards the invitee with 1% of the transaction fees on their first transaction.
MJT is the native token of MojitoSwap. The token is both a multi-utility and governance asset. Check the MJT price in the live MojitoSwap price chart above.
Use Cases of MJT Tokens
MojitoSwap token holders can become liquidity providers, earning rewards from liquidity mining.
Moreover, participants can also earn more MojitoSwap crypto assets by participating in yield farming and staking processes.
Besides that, MJT also gives holders governance rights, which means they can participate in shaping the future of the project.
You can purchase MJT tokens to join the community. However, you should not forget to research MJT price trends before doing that. Use the MojitoSwap price chart above to get accurate and up-to-date information.
Who Founded MojitoSwap?
A group from the KCC community launched MojitoSwap in 2021. Members of the team are experienced technical experts who have worked for reputable internet enterprises. They are skilled in blockchain projects, with an in-depth understanding of the DeFi ecosystem.
Tokenomics of MJT
MojitoSwap token has a maximum token supply of 100 million MJT, meaning no more tokens will ever be issued. This model ensures that MJT price has the potential of increasing with the increase in demand, as the token becomes scarcer. The MJT token is distributed as follows:
- Labs (Allocate by DAO voting) – 10%
- Team – 6%
- Marketing Cost – 4%
- Branding Cost – 4%
- Airdrop – 1%
- Mining – 74%
