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Project Roadmap
Phase 1
We are excited to unveil the official blueprint for @CrocodileSwap, the next-generation Decentralized Exchange (DEX) built on the @prlxchain (LAX). Our mission is to build a transparent, sustainable ecosystem that rewards long-term holders and liquidity providers.
01. DEX Development
The core CrocodileSwap exchange is being engineered for high performance, security, and seamless integration with the Parallax Chain.
02. Native Token Launch (Token A)
Fair Launch: There will be NO ICO and NO Presale.
Fixed Supply: Token A has a strictly limited maximum supply of only 100,000 tokens.
Market Entry: 100% of the supply will be released directly to the market via CrocodileSwap.
03. Initial Liquidity Commitment
To ensure a strong start, we are committing 100,000 $LAX (already accumulated) to provide the initial liquidity for Token A. This ensures immediate trading depth and demonstrates our skin in the game.
04. Governance & Yield Token (Token B)
Token B drives the incentive layer of the ecosystem.
Emission Model: Distributed 100% transparently via Smart Contracts through Farming and Pools.
Deflationary Pressure: Token B is emitted at a fixed rate per Parallax Chain block. As the total circulating supply grows, the new tokens entering the market represent a decreasing percentage of the supply over time.
The Ecosystem Economy
How to Earn Token B
Users can earn Token B by staking Token A, Token B, or by adding liquidity to the following pairs and staking the resulting LP tokens:
A - LAX
B - LAX
A - B
Trading Fee & Buy-Back Structure
We have implemented a 0.2% trading fee with a dual-purpose impact:
50% to Liquidity Providers: Half of the fees go directly to those providing liquidity as a reward for their contribution.
50% to Treasury (Buy-Back & Burn): The remaining 50% is sent to the Treasury Contract. These funds are used exclusively to Buy Back and Burn Token B, reducing market supply and supporting price appreciation.
Coming Soon: Phase 2 & Beyond
Phase 1 is just the beginning. We are also developing a Decentralized Token Locking System to allow projects and users to securely lock LP tokens and project assets, along with several other DeFi utilities.
We Value Your Feedback!
To our fellow #LAX holders and Parallax Protocol supporters: We are open to your suggestions. Do you have progressive ideas or feedback on this model? We want to hear from you to ensure CrocodileSwap becomes a cornerstone of the LAX ecosystem.
Join the conversation and let us know your thoughts!
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