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Navigating TangleSwap's $VOID Public Token Sale

Just like the first rays of dawn that bring light to the cosmos, the launch of TangleSwap's $VOID token marks a new era in Decentralized Finance (DeFi) within the Cardano and IOTA ecosystems. Distinguished by the debut of the innovative Concentrated Liquidity Market Maker (CLMM) — a first in both ecosystems — TangleSwap sets the stage to redefine their DeFi landscape by enhancing liquidity depth, trading efficiency, and ushering in unparalleled opportunities for growth and innovation. This transformative move is further complemented by 4 additional state-of-the-art DeFi dApps, from Vote-Escrowed Staking to 'Smart' Farms.

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Click here to explore TangleSwap's Edge over existing DEXs on both Cardano and Iota! 🤓
> After two years of continuous development, TangleSwap has become a fully audited, ground-breaking suite of apps including a Decentralized Exchange (DEX) aimed at mainstreaming decentralized finance by seamlessly integrating simplicity, competitiveness, and interoperability.

Comparing TangleSwap to existing DEX solutions in the Cardano and Iota ecosystems reveals several key differences:

CLMM vs. Automated Market Maker (AMM) ✅
For traders, capital efficiency in a CLMM is up to x4000 times higher than in a conventional AMM DEX. This translates into users enjoying remarkably smaller swap costs such as price impact and slippage. Minimizing trading fees is critical for any future-proof decentralized protocol and ecosystem, which is largely why concentrated liquidity is considered the future of DeFi infrastructure.

For liquidity providers (LPs), passive CLMM positions — i.e. those not requiring active management by the LPs — outperform comparable AMM DEX positions by an average of ~54%. The result for LPs is a superior average yield returned on their assets — or, seen from another perspective, LPs are empowered to invest considerably smaller amounts in a CLMM and benefit from similar returns compared to a conventional AMM.

For liquidity farmers, the TangleSwap protocol offers a groundbreaking Asteroid Farms system, uniquely and deeply intertwined with the CLMM to optimize reward distribution towards high-value LPs, in line with our core ethos around sustainable growth. As the ecosystem grows and matures, this unique ‘smart farming’ system will prove invaluable in fostering prolonged, retentive growth of liquidity.

For stakers and governance participants, they benefit from a fully custom-built Void Energy mechanism that serves a dual purpose: it inherently directs staking rewards towards long-term supporters, while providing the means for a tailor-made governance system that — crucially — is not based on mercenary coin holdings but instead aligns with the future of robust, equitable decentralized systems.

For investors of all experience levels, from seasoned market experts to those embarking on their personal investment journey, TangleSwap’s Investment Hub — also known as Token Launchpad — presents a unique opportunity for users to discover and invest in early-stage ventures based on their individual risk appetite. At the same time, emerging projects benefit from a highly efficient, fully-fledged, and reputable decentralized fundraising platform.
CLMM vs. Orderbook DEX 🧠
Concentrated Liquidity in CLMM is fundamentally different from what's found in Orderbook DEXs. Orderbook DEXs, much like Centralized Exchanges (CEXs), rely on professional Market Makers with significant capital, who play a crucial role in facilitating frictionless trading.

Typically, when trading on a CEX, you're transacting not with another individual user but with a Market Maker. This requirement often leads to additional fees for projects and high demand for professional Market Makers. In contrast, TangleSwap's CLMM model democratizes this process. It allows users to assume the role of Market Makers themselves – hence the term, Concentrated Liquidity Market Maker – without needing extensive knowledge or large capital outlays. This approach not only provides the same level of flexibility but also enhances efficiency, and decentralization. The efficient distribution achieved through CLMM's Concentrated Liquidity often surpasses many CEXs, offering deeper liquidity and higher profitability for Liquidity Providers. This efficiency is vital in the volatile crypto environment, where fully permissionless — i.e. truly decentralized — and scalable infrastructure is key.

Moreover, unlike Orderbook DEXs that still require professional Market Makers to avoid large spreads and unpredictable price actions, CLMM eliminates this need. The system's inherent efficiency ensures that Liquidity Providers enjoy both depth and profitability, which in turn attracts more volume and active trading within the ecosystem. To date, the Concentrated Liquidity approach remains unmatched in terms of liquidity depth and profitability for Liquidity Providers.
blog.tangleswap.exchange/first-steps-into-concentrated-liquidity

Concentrated Liquidity — responsible for over 85% of global DEX volume — is a game-changer in addressing the existing liquidity challenges in TangleSwap's ecosystems of Cardano and Iota.

Coming Soon

How to Join the $VOID Token Sale on TangleSwap​

If you are looking to secure your spot in the upcoming $VOID public token sale, here's how you can be a part of it:

Phase One — Get Ready​

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👇 Choose your preferred ecosystem and wallet for participating in the $VOID token sale!

Here’s how to prepare for the $VOID sale on Cardano using your Eternl or Nami wallet, it's pretty simple:

Step 1: Wallet Setup

First, ensure your Eternl or Nami browser extension is installed and connected to TangleSwap. If needed, click here for a step-by-step guide.

Step 2: Fund Your Cardano Wallet

Ensure your Eternl/Nami wallet is loaded with $ADA. This is crucial both for your participation in the sale and to handle transaction gas fees. Remember to keep at least 10 ADA in your wallet to ensure a smooth experience.

Short on $ADA? Top up with ease from any Cardano exchange (decentralized or centralized) and make sure to hold your $ADA in your personal wallet. Note: in future occasions, once TangleSwap will go live on the Cardano Mainnet by the end of 2023, you'll be able to handle this process directly aboard the Tangleship. 😉

And that's it! You're all set to jump into the next phase.


Phase Two — Participate in the Sale​

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The entire process is securely managed through TangleSwap’s self-custodial and fully permissionless Launchpad, known as the Investment Hub. This platform ensures that the sale process is decentralized and governed by Smart Contracts, with the distribution of funds occurring only after the sale is concluded. For those eager to learn more about it, we’ve compiled an array of resources to guide you:

Follow these steps to participate in the $VOID sale on Cardano with your Eternl/Nami browser extension:

Step 1: Navigate to the Investment Hub interface.

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Please bookmark this link for security, and ensure you access the sale only following our official public announcement on X/Twitter and Discord.

Step 2: Connect your wallet to TangleSwap. Select Cardano.

app.tangleswap.exchange/invest

Swap UI - Default State

Step 3: Select the $VOID - Fair Launch auction.

Step 4: Enter the amount of $ADA you wish to invest for acquiring $VOID, then click on Participate.

app.tangleswap.exchange/invest

Swap UI - Default State

Step 5: Agree to the market participation agreement, and Confirm Participation.

app.tangleswap.exchange/invest

Swap UI - Default State

Step 6: Click on Confirm, and Sign the Wrap transaction in your wallet. Estimated time: 2-4 minutes.

app.tangleswap.exchange/invest

Swap UI - Default State Swap UI - Default State Swap UI - Default State Swap UI - Default State

INFO

Wrapped Smart Contracts (WSCs) serve as a key infrastructure component for both TangleSwap and Cardano, enabling a native user experience with seamless, interoperable interactions. TangleSwap handles the process automatically for you, but if you'd like to perform any manual operations, the Wallet Widget feature — illustrated below — enables you to seamlessly transfer tokens between Cardano L1 and L2. Click on the About section to learn more about WSCs.

app.tangleswap.exchange/invest

Swap UI - Default State

Step 7: Once the Wrap is completed, click on Confirm and Sign your Transact operation in your wallet. Estimated time: a few seconds.

app.tangleswap.exchange/invest

Swap UI - Default State Swap UI - Default State

Step 8: Congratulations! You've successfully secured your stake in the TangleSwap $VOID token sale.

Please note that you can increase your stake at any time before the auction finalizes by repeating steps 4-7 above. TangleSwap will automatically skip step 6 (Wrap) if you already have sufficient $ADA in your L2 wallet.

Once you're happy with your current stake in the auction, simply wait until the sale concludes to claim your tokens. We appreciate your participation in building the future of Decentralized Finance, Explorer. 🛸

app.tangleswap.exchange/invest

Swap UI - Default State Swap UI - Default State

Step 9: After the successful completion of the auction, you're all set to Claim your well-earned $VOID tokens.

Note: In the event of an auction not reaching the minimum set goal, TangleSwap's Investment Hub would offer users to reclaim their original $ADA by following the same claiming process outlined below.

app.tangleswap.exchange/invest

Swap UI - Default State



And that's all! Once you have claimed your VOID tokens, these will be available both on Cardano (Layer 1 and Layer 2) and the ShimmerEVM (as well as the IotaEVM once it launches in Q1 2024). The TangleSwap crew has a special announcement prepared in terms of the omnichain interoperability of VOID, so stay tuned for that over the coming weeks...

Next step: put your VOID to work in the TangleSwap ecosystem!