Welcome To SchoolSwap.Finance
SchoolSwap is a multi-cross-chain DeFi platform supporting Polygon, Binance Smart Chain, Solana, Hashgraph, Avalanche, and Heco Chain within a single interface.
This Medium article is intended to provide a general overview of SchoolSwap.
SchoolSwap is a cross-chain decentralized finance platform that encompasses fundamental DeFi use-cases within a single, innate interface. Cross-chain technology can be viewed as a technology that provides for interoperability and scalability; allowing people to break current barriers.
- Cross-chain interoperability refers to the ability of a token to exist on more than one blockchain. Since a token can never actually leave its native network (chain), this must be done by locking a token on one chain and creating a wrapped (synthetic) version of it on another chain.
- When the wrapped version of a token is brought back to its native chain, it is burned (destroyed) and the original token is released.
- The SchoolSwap platform utilizes cross-chain technology in a way that instantaneously detects the network the wallet is using to seamlessly swap $SCHOOL on multiple blockchains, which is all possible using one single website.
SchoolSwap makes the advantages of DeFi attainable to its users in an inherent way; saving them from using multiple interfaces, paying expensive fees, and facing risks of using unfamiliar platforms. SchoolSwap offers a variety of investment strategies that have the ability to optimize the capital efficiency of crypto assets. Therefore, whether it is a bull or bear market, there are always opportunities to maximize returns.
- The SchoolSwap Pool allows for staking individual crypto assets (SCHOOL, MATIC WMATIC, USDT, USDC, WBTC, WETH) to obtain very high single-asset yields at a very minimal risk.
- The SchoolSwap Mine allows for staking LP token pairs to obtain even higher yields.
What Is The Purpose Behind Creating SchoolSwap?
In the United Nations (UN) 2030 Agenda for Sustainable Development, the world pledged to leave no one behind. As part of this agenda, the international community committed to achieve the fourth Sustainable Development Goal (SDG 4): “Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all.”
Of all regions of the world, sub-Saharan Africa has the highest rates of education exclusion. Over 20% of all children between the ages of about 6 and 11 are out of school, followed by 33% of children between the ages of about 12 and 14. According to UIS data, almost 60% of youth between the ages of about 15 and 17 are not in school.
Inequality is reproduced across generations; therefore, SchoolSwap aims to break the cycle of disadvantage between generations one step at a time, as children tend to acquire more education than their parents. SchoolSwap will thereby allocate 0.5% of all fees collected from the platform to ensure education inclusion for the youth in Sub-Saharan Africa.
SchoolSwap is grounded in the notion of open and decentralized governance. After the SchoolSwap has matured, the development team will propose their vision for full on-chain governance, giving complete control to the community for all future protocol parameters. The development of the DAO will be an open process — There are multitudes of brilliant and savvy people in the crypto space, and the SchoolSwap team takes community feedback seriously. Thus, the community’s input may heavily influence the direction and design of the DAO.
What DeFi Features Does SchoolSwap Offer?
Decentralized Exchange
First and foremost, SchoolSwap is an automated market maker, decentralized exchange created with the purpose of shifting liquidity into the protocol and providing incredibly minimal swap fees.
Staking
The SchoolSwap Pool rewards those who place assets within the SchoolSwap ecosystem. The protocol rewards stakers with $SCHOOL and boasts minimal to no deposit fees.
High APY Farming
The SchoolSwap Mine provides generous rewards those that stake LP tokens within the SchoolSwap ecosystem. The protocol rewards stakers with $SCHOOL and boasts no deposit fees.
Auto Compounding
The SchoolSwap Vault utilizes innovative and versatile strategies to auto-compounds rewards and maximizes profits. Instead of having to constantly harvest rewards, the protocol automatically restakes rewards to grow your investment.
Tokenomics & Fees
- Ticker: $SCHOOL
- Contract Address: 0x19247cc4dc01f1a159f211f799bcfbf83f93d70f
- BlockChain: Polygon (Matic)… (And More To Come!)
- Maximum Supply: Unlimited $SCHOOL
- Emission Rate: 10 $SCHOOL/BLOCK
Initial Distribution Of Tokens
- 5% of the intial supply will be allocated for airdrops.
- 5% of the intial supply will be allocated for the team.
- 10% of the initial supply will be allocated for the initial LP and will be locked.
- 15% of the initial supply will be allocated for rewards.
- 20% of the initial supply will be allocated for early contributors to SchoolSwap.
- 20% of the initial supply will be allocated for the development team.
- 25% of the initial supply will be allocated for Marketing, Partnerships, Investments, and Development.
Fair Launch
The SchoolSwap team are firm believers in the importance of fair launch. The SchoolSwap protocols were developed in house and the team did not receive any money or tokens from outside investors. Therefore, all $SCHOOL token holders will have the opportunity to claim tokens early on!
Fees & Anti-Deflationary Burning Mechanisms
Whenever there is a completed token swap on the exchange, there is a fee that goes to liquidity providers. When you stake tokens in a SchoolSwap Pool, there may be an associated deposit fee. Always check the fees before depositing! Fees are collected to promote the ecosystem, manage burns, and allow for continued development. In short, the fees enable the tokenomics to happen!
Education — 0.5% of all fees collected will be allocated to ensure education inclusion for the youth in Sub-Saharan Africa.
Burning — There are several means that will ensure that $SCHOOL is not over produced. In addition to the inherent source code mechanisms, there are also plans to implement very large lotteries to not only engage users, but also reduce the number of $SCHOOL in circulating supply. Furthermore, there are plans to establish special non-$SCHOOL vaults(BTC, ETH, MATIC); the fees colleted from these non-$SCHOOL vaults will be used to burn $SCHOOL tokens.
The SchoolSwap Roadmap
On Launch
- DEX on Matic/Polygon Chain
- Pool — Staking
- Mines — High APY Farming
- TechRate Audit
- Community AMA and Influencer Marketing
Going Forward
- Binance Smart Chain Support
- CertiK Audit
- Solana Chain Support
- Mirror Protocol Support to Add Tokenized Stocks/Synthetic Assets
- Hedera Hashgraph Support
- Multi Chain Yield Optimizer
- Leveraged Yield Farming
- Lending and Borrowing
- PeckShield Audit
- HECO Chain Support
- Avalanche Chain Support
- Cross Chain Swaps
SchoolSwap Links
Website
- Home Page: https://schoolswap.finance/#/
- Exchange: https://schoolswap.finance/#/exchange
- Liquidity: https://schoolswap.finance/#/liquidity
- Mine: https://schoolswap.finance/#/mine
- Pool: https://schoolswap.finance/#/pool
- Vault: https://schoolswap.finance/#/vault
- Governance: https://schoolswap.finance/#/governance
- About: https://schoolswap.finance/#/about
Twitter
Telegram
- Chat: https://t.me/SchoolSwapChat
- Announcement: https://t.me/SchoolSwapAnn
- Spanish: https://t.me/SchoolSwapES
- Chinese: https://t.me/SchoolSwapCh
- Turkish: https://t.me/SchoolSwapTr
- Indonesian: https://t.me/SchoolSwapInd
- Japanese https://t.me/SchoolSwapJP