Suiswap is a decentralized token trading platform and exchange built on the SUI blockchain by Vivid Network. It aims to provide a secure, fast, and agile trading environment for the SUI ecosystem.

introduction-to-suiswap

## A Comprehensive Overview

![suiswap-cover {width:100%} {height:300px}](/doc/images/introduction-to-suiswap-title.png)

Suiswap is a decentralized token trading platform and exchange built on the SUI blockchain by Vivid Network. It aims to provide a secure, fast, and agile trading environment for the SUI ecosystem. In this article, we will provide an in-depth look at Suiswap, its key components, and the overall vision of the platform.

## Background

The name Suiswap is derived from the combination of "Sui" (the name of the blockchain) and "Swap" (token trading). Taking advantage of the fast and secure nature of the SUI blockchain, Suiswap's primary goal is to offer a decentralized, rapid, and secure token trading platform for the SUI blockchain. Additionally, it aims to build a foundational infrastructure for token trading for other protocols built on top of SUI.

Suiswap hopes to provide the entire SUI community with a decentralized, fast token exchange or order book-based trading platform. Specifically, Suiswap's main components will consist of the following:

1. Decentralized token exchange built on traditional liquidity pools, similar to [Uniswap](https://uniswap.org/)'s SUI/USDC.
2. Decentralized token exchange based on stablecoin liquidity pools, similar to [Curve](https://curve.fi/)'s USDC/USDT.
3. Central limit order book trading platform.
4. Decentralized aggregator built on the above three points, aggregating liquidity from order books and liquidity pools to provide greater liquidity and lower slippage.
5. Liquidity farming to earn platform tokens (SSWP) by providing liquidity.
6. Yield farming and platform revenue acquisition through staking platform tokens.

The vision is to provide a unified platform for trading (Trade) and exchanging (Swap) infrastructure for the entire SUI ecosystem and empower other platform protocols based on this foundation.

## Key Components

### 1. Traditional Liquidity Pools

Similar to [Uniswap](https://uniswap.org/), Suiswap will offer decentralized token exchange built on traditional liquidity pools. Users can trade tokens like SUI/USDC in a permissionless and decentralized manner. Liquidity providers (LPs) can contribute assets to the pool, earning a portion of the trading fees generated by the platform.

### 2. Stablecoin Liquidity Pools

Suiswap will also feature stablecoin liquidity pools, akin to [Curve](https://curve.fi/)'s USDC/USDT pools. These pools provide lower slippage and tighter spreads when trading stablecoins, making them an attractive option for traders and LPs alike.

### 3. Central Limit Order Book Trading Platform

To cater to more sophisticated traders, Suiswap will include a central limit order book (CLOB) trading platform. This component allows users to place limit orders, offering more control over their trades and potentially better prices compared to automated market makers (AMMs).

### 4. Decentralized Aggregator

The decentralized aggregator is a crucial component of Suiswap, combining liquidity from order books and liquidity pools to provide greater liquidity and lower slippage for traders. By aggregating multiple sources of liquidity, Suiswap aims to offer a more efficient and seamless trading experience.

### 5. Liquidity Farming

Users who provide liquidity to Suiswap's pools will be able to participate in liquidity farming, earning SSWP tokens as a reward. This incentive mechanism aims to attract more users to the platform, increasing liquidity and improving the overall trading experience.

### 6. Yield Farming and Platform Revenue

Staking SSWP tokens will enable users to participate in yield farming and gain a share of the platform's revenue. This feature offers

additional incentives for users to hold and use SSWP tokens, further supporting the growth of the Suiswap ecosystem.

## Vision and Future Development

Suiswap aims to provide a unified trading and exchanging infrastructure for the entire SUI ecosystem by offering a comprehensive platform that caters to various user needs. By empowering other platform protocols built on the SUI blockchain, Suiswap strives to become the go-to solution for token trading within the SUI community.

The future development of Suiswap will focus on expanding the platform's offerings and continuously refining the user experience. Some potential areas of growth include:

1. **Cross-chain integration**: Integrating with other blockchain networks will enable Suiswap to tap into a broader user base and facilitate cross-chain asset transfers, further solidifying its position as a leading trading platform.

2. **New financial products**: Expanding Suiswap's product offerings to include more advanced financial instruments, such as options and derivatives, will cater to a wider range of traders and investors.

3. **Enhanced user experience**: Continuously refining the platform's interface and functionality will ensure that users have a seamless and efficient trading experience.

4. **Community governance**: Implementing a community governance model will enable Suiswap governance token holders to have a say in the future development and direction of the platform, promoting a more decentralized and community-driven ecosystem.

5. **Partnerships and integrations**: Collaborating with other projects and platforms within the SUI ecosystem will strengthen the overall network and increase the utility of the Suiswap platform.

Suiswap is a promising decentralized token trading platform and exchange built on the SUI blockchain. By offering a comprehensive suite of trading tools, including traditional liquidity pools, stablecoin liquidity pools, a central limit order book trading platform, and a decentralized aggregator, Suiswap aims to cater to a wide range of user needs.

The platform's focus on liquidity farming and yield farming offers attractive incentives for users to participate in and support the growth of the Suiswap ecosystem. With a clear vision and a robust foundation, Suiswap is well-positioned to become a leading trading platform within the SUI community and beyond.

## Useful Link 

- [Discord](https://discord.gg/suiswap)
- [Twitter](https://twitter.com/suiswap_app)
- [Crew3 / Zealy](https://zealy.io/c/suiswap-app/questboard)

The SSWP token symbolizes the Suiswap protocol token, a native token within the SUI blockchain ecosystem. The purpose of the SSWP token is to strengthen the Suiswap protocol, platform, and governance mechanisms.

suiswap-tokenomics

Boost your earnings with Suiswap Token (SSWP) staking and yield farming, leveraging platform dividends and additional SSWP rewards for higher returns.

suiswap-token-staking

A 2-month event aims to incentivize users to provide liquidity to the pools on Suiswap's for a lock-up duration of over three months. By participating in this event, users can earn a share of the 400 million SSWP tokens that will be distributed as rewards.

suiswap-initial-liquidity-reward

We are thrilled to announce the launch of the Suiswap Mainnet, a major milestone in our journey towards a more efficient and equitable decentralized finance (DeFi) ecosystem. Our vision is to provide a platform that leverages the power of SUI to give everyone, everywhere, equal access to financial services and empower the entire SUI ecosystems.

suiswap-mainnet-launch

Join us on 06/03 for the highly anticipated Suiswap IDO. Be part of the next big thing in Suiswap !

suiswap-ido

Since originating as the top DEX on Sui, Suiswap has built a community of over 328,000 Discord members and 358,000 Twitter followers

suiswap-cross-chain-dex

> Whitepaper PDF: [Suiswap Tokenomics.pdf](/doc/misc/suiswap-tokenomics.pdf)

The SSWP token symbolizes the Suiswap protocol token, a native token within the SUI blockchain ecosystem. 
The purpose of the SSWP token is to strengthen the Suiswap protocol, platform, and governance mechanisms. 
Suiswap aspires to establish itself as the premier trading platform for the entire SUI network, offering liquidity for various swaps and transactions. 
As the governance token of Suiswap, the SSWP token constitutes an essential component of the platform's operation.

1. **The Suiswap platform intends to enable community members to derive revenue rights through the SSWP token**: By holding and staking platform tokens on the platform, community members can obtain platform revenue generated from trading fees and other channels via SSWP tokens.

2. **The Suiswap platform seeks to facilitate the distribution of platform management rights among community members holding SSWP tokens**: By staking tokens, members can contribute valuable insights and influence the future trajectory of the platform's development. 

## The Value of SSWP

The SSWP token is the core of all trading and management on the Suiswap platform, and SSWP holders can have the following rights:

1. **Platform Revenue**: We will distribute approximately 60% of the platform revenue evenly among SSWP token holders. All you need to do is lock your SSWP on the Suiswap platform, and you can receive the corresponding platform revenue every 14 days without unlocking your tokens.

2. **Platform Governance**: By staking your tokens through SUI blockchain-based smart contracts, you can govern the SUI platform and community.

3. **Yield Farming**: By locking your SSWP on the Suiswap platform, you can earn additional SSWP rewards when you unlock your tokens.

4. **Trading, Holding, and Circulation**: Like other tokens, unlocked SSWP tokens can be traded, held, and circulated on the blockchain.

## SSWP Automatic Token Burn Mechanism

**The Suiswap platform will automatically use a portion of its platform revenue to automatically buy back SSWP tokens from the market and permanently destroy them.**

This means that the number of SSWP tokens will gradually decrease over time. By progressively reducing market liquidity, we give SSWP tokens the incentive to continually increase in value, encouraging our users to hold SSWP tokens for the long term.

## SSWP Specifications

**The total supply of SSWP tokens is capped at 10 billion**, ensuring that the maximum number of tokens in circulation will never exceed this limit.

These tokens will be distributed among community members, early-stage investors, IDO participants, liquidity providers, the Suiswap team, and advisors according to various locking and vesting schemes delineated in a subsequent table and chart.

The protocol will generate the initial batch of SSWP tokens following the launch of the Suiswap mainnet through a series of token events:

##### 1. Initial SSWP Liquidity Pool

A small number of SSWP tokens will be allocated to the Suiswap `SSWP/SUI` liquidity trading pool immediately after the platform's mainnet launch. 

This limited supply of SSWP tokens will primarily be used to determine token pricing during subsequent IDO events and to enable community members to engage with the ecosystem and features that rely on SSWP tokens (such as platform revenue acquisition and yield farming). 
The `SSWP/SUI` pool will provide reference pricing for SSWP tokens in future IDO events.

##### 2. Initial Liquidity Rewards Event

**Suiswap will host a two-month initial liquidity rewards event after the mainnet launch to incentivize users to provide liquidity to the Suiswap protocol.**
Users can obtain Suiswap tokens by providing liquidity to pools such as `SUI/USDC`, `SUI/USDT`, and `USDC/USDT`, etc. 

These SSWP tokens will be allocated to:
- The first users to provide liquidity.
- Weighted distribution according to the value of the liquidity provided.
- Random participants distribution. These SSWP tokens will be randomly distributed to some participating community members who provides liquidity during the events.

![suiswap-tokenomics-allocation {maxWidth:min(100%, 450px)} {caption:5375697377617020546f6b656e6f6d69637320416c6c6f636174696f6e}](/doc/images/suiswap-tokenomics-allocation.png)

##### 3. IDO

Community members can purchase SSWP tokens through the Suiswap token IDO event. 
**The IDO will be held approximately one month after the Suiswap mainnet launch.** 
Members can buy SSWP tokens using the SUI token during the IDO event.

##### 4. Airdrop

The airdrop event will be held after the IDO event concludes. 
Suiswap community members with OG roles or those who have accumulated Suiswap points will be eligible to receive the airdrop. 
We will snapshots all member's Suiswap Points at the end of the IDO and distribute airdropped SSWP tokens proportionally based on the number of points. 
The airdrop token amount is set to 2%~3.5% and will be dynamically adjusted based on the tokens left in the private sale.

##### 5. Private Sale, Seed Round

These tokens will be given to early Suiswap investors. 
The maximum token supply ratio for early investors is set to 13.5%. 
All leftover tokens will be reallocated to the IDO, airdrop, and Suiswap partners.

##### 6. Liquidity Mining

After the "Initial Liquidity Rewards Event" we will implement long-term liquidity mining activities. 
A portion of SSWP will be allocated to corresponding trading pools daily. 
You can earn SSWP rewards by providing consistent liquidity to these pools.

##### 7. Yield Farming

After the Suiswap mainnet launch, you can lock and stake Suiswap tokens on the Suiswap platform to earn a fixed APR return. 
You will receive staking rewards once your tokens are unlocked.

![suiswap-token-allocation-timeline {maxWidth:min(100%, 500px)} {caption:5353575020546f6b656e2043697263756c6174696f6e205363686564756c65}](/doc/images/suiswap-token-allocation-timeline.png)

## Conclusion

The SSWP plays a crucial role in the Suiswap ecosystem, a decentralized exchange built on the innovative SUI blockchain. 
As a governance token, SSWP enables its holders to participate in platform governance, enjoy platform revenue, and engage in yield farming and liquidity mining activities. 
With a fixed supply of 10 billion SSWP tokens and a token burn mechanism, SSWP is designed to maintain a stable growth in value and incentivize long-term holding.

The Suiswap platform offers a variety of token events, such as the initial liquidity rewards event, IDO, airdrops, private sales, and seed rounds, to distribute SSWP tokens and encourage community engagement. 
By actively participating in these events and providing liquidity to the platform, community members can benefit from the growth and success of the Suiswap ecosystem.

As SUI continues to develop and strengthen its blockchain technology, focusing on speed and security, Suiswap's potential as a leading decentralized exchange also increases. 
The SSWP token will remain at the core of the Suiswap platform, empowering its users and shaping the future of decentralized finance.


The Suiswap platform aims to provide multiple benefits to its users, including the opportunity to unlock platform revenue through holding and staking SSWP tokens. In this article, we will explain in detail how SSWP token holders can participate in platform revenue sharing, staking, yield farming, and other related benefits.


## Platform Revenue Sharing

We will collect approximately 60% of the platform's revenue every 14 days and return this portion of the revenue to users as dividends on the 15th day. We call each 14-day period an earning cycle. Earning cycles on the Suiswap mainnet are set to 14 days, meaning that users who stake their SSWP tokens can claim their share of the platform's 60% revenue every two weeks. In testnet, earning cycles are set to one day.

**Users who stake their tokens before the start of the next earning cycle have the right to claim dividends from the current earning cycle, and your share of dividends depends on your staked SSWP amount multiplied by your Boost value (see below).**

> #### Example
>
> For example, if the first earning cycle on the Suiswap mainnet runs from March 1st to March 14th, and the second earning cycle from March 15th to March 28th, approximately 60% of the revenue generated between March 1st and March 14th will be collected. 
>
> At the start of the second earning cycle (March 15th), the dividends from the first earning cycle (March 1st to March 14th) will be distributed to users who staked their tokens on the platform before March 15th. Users who stake their tokens on or after March 15th will not be eligible for dividends from the first earning cycle.
>
> At the start of the third Earning Cycle (March 29th), users who staked their tokens before March 29th can claim dividends from the second Earning Cycle (March 15th to March 28th), and so on.



## Staking

When you stake your SSWP tokens, you can choose your lockup period. During this time, your SSWP tokens will be locked in a smart contract and cannot be withdrawn. Locked tokens can be used for:

1. Claiming platform dividends
2. Yield Farming: Earning additional, stable SSWP rewards after the lockup period ends.

**The longer your lockup period, the higher your share of platform revenue and additional SSWP rewards with higher APR.** Specifically, your lockup period will affect two factors: 

- Boost value 

- Additional SSWP rewards.

  

### Boost Value

Boost acts as an additional multiplier that is used to calculate your share of platform revenue, with values typically ranging from 1.0 to 7.0, depending on the length of your staking period. The longer you stake your tokens, the higher your boost value.

Your dividend reward share will be calculated based on **your staked token amount multiplied by your oost value**. For example, staking 1000 SSWP tokens with a boost value of 2.0 will yield the same dividend rewards as staking 2000 SSWP tokens with a boost value of 1.0.



### Yield Farming

When you stake SSWP tokens on the Suiswap platform, the platform will grant additional SSWP tokens based on your staked amount when you unlock your tokens. This allows you to earn stable, additional rewards simply by staking.

Your additional SSWP rewards depend on your staked amount and staking period. With the same staked SSWP amount, the longer your staking period, the higher your APR, and the more additional SSWP rewards you will receive when unlocking your tokens.

> ##### Note
>
> **Please note that this does not mean the total circulating supply of SSWP will increase over time.** 
>
> Since the total circulating supply of SSWP tokens is fixed upon the launch of Suiswap, a portion of SSWP tokens will be pre-allocated for staking rewards. Once this pre-allocated portion is exhausted, you will no longer receive additional rewards from staking SSWP. However, you can still extend your staking period to increase your Boost value.



## How to Stake

1.  Visit the [Suiswap app](https://suiswap.app/) and navigate to the "Suiswap Token" tab.

2. In the `Suiswap Token` tab, you can view your total SSWP token holdings, their corresponding market value, and the current amount of SSWP tokens you hold and have staked.

![sswp-token-panel {center:true} {maxWidth:100%}](/doc/images/sswp-token-panel.png)

3. Click the `Stake` button in the Suiswap Token tab to start staking your SSWP tokens. In the pop-up interaction panel, you can choose the amount of tokens to stake and the staking period.

4. The staking panel will prompt you to select the amount to stake and the lockup period. After selecting the given lockup period, you can see your boost value and the estimated additional SSWP rewards and APR for the current lockup period.

![sswp-stake-info {center:true} {maxWidth:100%}](/doc/images/sswp-stake-info.png)

5. After selecting the staking amount and period, click the `Stake` button in the panel to submit a staking request to the smart contract deployed on the blockchain.

6. After completing the request, you will see your staking information under the Suiswap Token tab. You can stake multiple times, but since you will stake different SSWP tokens at different times and their lockup periods may vary, each staking action will generate a separate staking information panel, and their dividends and rewards will be calculated separately.

![sswp-stake-info-panel {center:true} {maxWidth:100%}](/doc/images/sswp-stake-info-panel.png)

7. You can select one of the staking information panels and click the `Claim Reward` button to claim platform revenue or the `Unlock` button to unlock the staked SSWP.

8. When you select `Claim Reward`, a claim-reward" interaction panel will pop up, listing your dividend earnings for each liquidity pool during the current earning cycle.

![sswp-claim-reward-success {center:true} {maxWidth:100%}](/doc/images/sswp-claim-reward-success.png)

9. Click the `Claim` button to claim all dividend earnings, completing the dividend claim for the current earning cycle.

10. You may encounter situations where the `Claim` button is not clickable, which is primarily due to one of the following reasons:

    - You have already claimed your dividend earnings for the current earning cycle and cannot claim them again. You must wait for the next Earning Cycle.

    - The current earning cycle has not ended, and you must wait for the next earning cycle to begin before you can claim dividends from the previous earning cycle.

![sswp-claim-rewrad-failed {center:true} {maxWidth:100%}](/doc/images/sswp-claim-rewrad-failed.png)

In conclusion, staking SSWP tokens on the Suiswap platform allows users to participate in platform revenue sharing and yield farming, providing additional benefits and rewards to SSWP token holders. By carefully selecting your staking period and amount, you can maximize your potential earnings from the Suiswap platform.

Any user who chooses to provide liquidity for over three months in the **SUI/USDC, SUI/USDT, or USDC/USDT** pools can **share 400,000,000 SSWP tokens**.

**This event will last for two months**, during which we will track all user transactions within this period and select those who provide liquidity with a lock-up duration of over three months as our reward recipients.

All rewards will be distributed **after the event ends**, and we will officially commence long-term liquidity mining following the conclusion of this event.



## Reward rules for the event:

1. 12,500,000 SSWP tokens will be distributed among the first 10,000 users who provide a liquidity value of more than \$100.

2. 12,500,000 SSWP tokens will be distributed among the first 2,000 users who provide a liquidity value of more than \$500.

3. 12,500,000 SSWP tokens will be distributed among the first 100 users who provide a liquidity value of more than \$10,000.

4. 25,000,000 SSWP tokens will be equally distributed among users who provide a liquidity value of more than \$100 (throughout the event).

5. The remaining 337,500,000 million tokens will be distributed based on a weighted allocation of your liquidity value and lock-up duration.



## Participation rules for the event:

1. You need to provide liquidity in the **SUI/USDC, SUI/USDT, and USDC/USDT** pools on the Suiswap mainnet.
2. **Your liquidity provision lock-up time must exceed 3 months.**



## FAQ

###### 1. Does participating in this event mean I spend this amount of money to get rewards?

Of course not.

You can withdraw your liquidity amount after the lock-up period. At the same time, since you are providing liquidity for all transactions on the Suiswap platform, you can receive liquidity rewards (i.e., a 0.25% transaction fee for each trade, but beware of [impermanent loss](https://academy.binance.com/en/articles/impermanent-loss-explained) caused by price changes).

Specifically, by providing liquidity for three months or more, you can receive after the lock-up period:

1. Withdraw your tokens (the ratio of the two will change with price fluctuations).
2. The profits you made from platform transaction fees during the lock-up period.
3. **SSWP tokens from this event**.

----------------------------------

###### 2. Can I receive rewards from Events 1 to 5 simultaneously?

Yes, since the statistical methods for each event are different. You can receive rewards for Events 1 to 4 by providing liquidity only once.

----------------------------------

###### 3. How is my liquidity value calculated?

Your liquidity value depends solely on the value of the tokens when you provide liquidity, and the values of USDC and USDT are both considered to be \$1.0.

For example, if you provided 1,000 SUI tokens and 1,500 USDC when the SUI price was \$1.5, your liquidity value would be equivalent to \$3,000. After the event, if the value of SUI changes to \$1.2, your liquidity value **will not** be recalculated and will still be considered as \$3,000.

----------------------------------

###### 4. How is the time sequence for Events 1, 2, and 3 determined?

In Events 1, 2, and 3, we will sort all users' liquidity-providing transactions in `SUI/USDC`, `SUI/USDT`, and `USDC/USDT` pools by transaction time (according to the blockchain confirmation time) and calculate the time.

----------------------------------

###### 5. Can providing more liquidity value in Event 4 increase the number of tokens I receive?

No, in Event 4, we will distribute this portion of tokens equally among participants. As long as your liquidity value is equal to or greater than \$100, you can share this reward equally.

----------------------------------

###### 6. Is there a minimum liquidity value requirement for participation in Event 5?

There is no minimum liquidity value requirement for Event 5. Any user who provides liquidity to the pool during this period can participate in Event 5. The number of tokens you ultimately receive will depend on your liquidity value and lock-up duration.

----------------------------------

###### 7. Will providing more liquidity value or longer lock-up periods in Event 5 result in more tokens?

Yes, a higher liquidity value or longer lock-up period will increase your final allocation weight.

The specific calculation is the "liquidity value at the time of your provision" multiplied by the corresponding multiplier.

The multiplier depends only on your lock-up duration, as shown in the table below:

| Lock-up Duration | Multiplier |
| ---------------- | ---------- |
| 3 Months         | 2          |
| 4 Months         | 3          |
| 6 Months         | 6          |
| 1 Year           | 10         |
| 2 Years          | 20         |
| 3 Years          | 30         |
| 4 Years          | 40         |

For example:

- User 1 provides 1,000 SUI tokens and 1,300 USDC tokens when the SUI price is \$1.3 for the `SUI/USDC` pool. Their liquidity value is \$2,600. User 1 chooses a 1-year lock-up, receiving a 10x boost multiplier. Their final token allocation weight is 2,600 * 10 = 26,000.
- User 2 provides 1,000 SUI tokens and 1,000 USDC tokens when the SUI price is \$1 for the `SUI/USDC` pool. Their liquidity value is \$2,000. User 2 chooses a 3-month lock-up, receiving a 2x boost multiplier. Their final token allocation weight is 2,000 * 2 = 4,000.

This means that in the Event 5 token rewards, User 1 receives approximately 6.5 times more tokens than User 2 (26,000/4,000).

> ##### Note: 
>
> Please distinguish between the multiplier for this event and the "liquidity boost" displayed in the liquidity provision panel. 
>
> Although both are used to multiply the provided liquidity value by a factor for weighted allocation of rewards to incentivize those who provide longer liquidity value duration, their purposes are different:
>
> 1. The former serves only as a coefficient for this event.
> 2. The liquidity boost is a coefficient for liquidity mining after the event ends.

We are thrilled to announce the launch of the Suiswap Mainnet, a major milestone in our journey towards a more efficient and equitable decentralized finance (DeFi) ecosystem. Our vision is to provide a platform that leverages the power of SUI to give everyone, everywhere, equal access to financial services and empower the entire SUI ecosystems.

Simultaneously with the mainnet launch, in order to encourage users to provide liquidity for our protocol. we will establish the 

1. [Initial SSWP liquidity pool](#1.-initial-sswp-token-liquidity-pool)
2. [Initial liquidity reward event](/doc/suiswap/?section=suiswap&article=suiswap-initial-liquidity-reward)

You can participate in both activities to maximize your SSWP earnings.

![suiswap-mainnet-launch-cover-no-title {height:200px} {width:100%}](/doc/cover/suiswap-mainnet-launch-cover-no-title.jpg)

--------------------------

## 1. Beacon SSWP Token Liquidity Pool

Upon the launch of the Suiswap Mainnet, we will establish an initial liquidity pool for Suiswap's native token SSWP, namely `SSWP/SUI`, to facilitate a small portion of SSWP token circulation initially. 
This liquidity will comprise about 1% of the total circulating tokens and will be sold at an initial price of 0.015 SUI per SSWP.

- **This pool will first serve as a beacon for determining the price of our IDO public sale**. In subsequent IDO events, our selling price will be determined by the price of the `SSWP/SUI` pool.
- At the same time, this portion of SSWP can enable users to experience all SSWP-based features, such as obtaining 60% of the platform dividend by staking SSWP tokens, and earning extra SSWP benefits by locking SSWP. As demonstrated in our test network, any user who purchases SSWP tokens via `SSWP/SUI` and completes the staking after the mainnet launch can receive 60% of the platform income dividend on the 14th day after the mainnet launch.

The `SSWP/SUI` liquidity pool adopts an automatic destruction mechanism. During the beacon stage, all of the transaction fee will be used to automatically purchase `SSWP` tokens and destroy them. 
This will help reduce the token circulation in the long term and stabilize the price of the SSWP token.

> ##### Why Can't I Add Liquidity to the SSWP/SUI pool ?
>
> During the beacon phase (before IDO launch), the `SSWP/SUI` liquidity pool mainly serves as an initial platform for users to purchase SSWP (or sell SSWP when appropriate), while also providing a market-determined reference price for the IDO.
>
> In this beacon phase (before the IDO launch), 1% of the liquidity is provided by the Suiswap Team. All transaction fees during this phase are used to buy SSWP from the `SSWP/SUI` pool and are permanently destroyed. As liquidity providers cannot earn transaction fees during this phase, we temporarily suspend user liquidity provision to the `SSWP/SUI` pool before the IDO launch. Of course, this does not affect your ability to trade through the `SSWP/SUI` pool.
>
> After the IDO, we will readjust the transaction fees for liquidity providers and reopen the liquidity of the SSWP/SUI pool.



## 2. Initial Liquidity Reward Event

We will host an Initial Liquidity Rewards event that will last for two months. Any user who chooses to provide liquidity for more than three months in the **SUI/USDC, SUI/USDT, USDC/USDT** pools can share 400 million SSWP tokens evenly.

For more details, please visit this [link](/doc/suiswap/?section=suiswap&article=suiswap-initial-liquidity-reward) for event detail.

---------------------

## Not the End

The Suiswap Mainnet launch signifies a new chapter in our journey. It reflects our commitment to providing a platform that is not only user-friendly and efficient but also contributes to the broader DeFi ecosystem. We are grateful for the support of our community and look forward to continuing our journey together towards a more equitable financial future.

Stay tuned for more updates on the Suiswap Mainnet and thank you for your continued support!

## IDO Overview

- **IDO Price**: `0.02175 SUI`
- **IDO Start**: 6am UTC, 3rd June, 2023
- **IDO End**: 6am UTC, 5th June, 2023
- **Maximum Supply for IDO**: 500,000,000 SSWP (5%)
- **Minimum Participation Amount**: 10 SUI.
- **Maximum Participation Amount**: Depends on whether you are a regular user, Level 2, or Level 1 whitelist user.
- **IDO is public, and anyone can participate at the same price.** However, we have different purchase limits and rebate mechanisms for regular users, Level 1, and Level 2 whitelist users.



## IDO Rebate

We offer SSWP rebates for Level 1 and Level 2 users.

For example, if you purchase 1,000,000 SSWP and your rebate percentage is 8%, you will receive an additional 80,000 SSWP during our airdrop phase. 

The rebate will be conducted simultaneously with the airdrop and will not affect the airdrop allocation.



## How to Participate in our IDO

Visit https://suiswap.app and click "IDO Event" to participate in our IDO event when it starts.

During the IDO phase, you will interact with our smart contract deployed on the chain through the UI on Suiswap. Once your transaction is completed, you will immediately receive SSWP tokens.

**After the IDO is completed, we will provide you with CEX and the `SSWP/SUI` liquidity pool on the Suiswap platform.**



## IDO Timeline

- **May 20**: IDO preparation and warm-up phase.
- **May 21, 06:00 AM UTC**:  We will draw all the `SSWP/SUI` beacon pool liquidity and determine the pool. **You will not be able to trade `SSWP` on Suiswap until the end of IDO.**
- **June 1**: Whitelist for Level 1 and Level 2 users will be determined.
- **June 3, 06:00 AM UTC**: IDO officially starts.
- **June 5, 06:00 AM UTC**: IDO officially ends.
- **June 6, 06:00 AM UTC**: SSWP platform token will be listed on CEX (timeline subject to change).
- **June 8, 06:00 AM UTC**: `SSWP/SUI` liquidity will be added back, and you can exchange SSWP tokens on the Suiswap platform.



## IDO Users and Rebates

#### Regular Users:

- Any user can participate in the IDO event, but with a purchase limit of only **200 SUI**.


#### Level 1 Users

- Becoming a Level 1 user grants a maximum purchase limit of **3000 SUI and a maximum rebate of 5%**.

- **Requirements**:
  - Join the Suiswap Discord community and successfully link your wallet address using the `/link-address` command.
  - Have Suiswap points exceeding 2000.

- **Rebates**:

  | Suiswap Points | Rebate |
  | ------------------ | ------ |
  | 2000 to 4999       | 1%     |
  | 5000 to 9999       | 2%     |
  | 10000 to 19999     | 3%     |
  | 20000 to 29999     | 4%     |
  | 30000 and above    | 5%     |


#### Level 2 Users

- Purchase limit of **20,000 SUI with a maximum rebate of 10%**.

- **Requirements**:
  - Join the Suiswap Discord community and successfully link your wallet address using the `/link-address` command.
  - We will randomly select 15%, 25%, 20%, 20% of Suiswap users from the following conditions as our Level 2 users:
    - 15%: Participation in our Beacon Pool and holding a certain amount of SSWP. (**Snapshot will be taken at 6am UTC, 20th May, 2023**)
    - 25%: Providing liquidity for pools such as `SUI/USDC`, `SUI/USDT`, `USDC/USDT`, `WETH/SUI`, `WETH/USDC`, etc. (**Snapshot will be taken at 6am UTC, 1st June, 2023**).
    - 20%: Weighted selection based on your Suiswap points.
    - 20%: Fill out our [survey](https://forms.gle/qs8dBxE49nWvX31c6), from which we will randomly select.
    - Our volunteers, moderators, and Suiswap OG Platinum will automatically become Level 2 users.

- **Rebates**:

  | Suiswap Points | Rebate |
  | ------------------ | ------ |
  | 0 to 4999      | 6%    |
  | 5000 to 19999  | 8%   |
  | 20000 and above | 10%   |



## IDO Magic Potion

Any Discord member participating in our IDO (regardless of user level and purchase amount) and successfully linking our wallet using the `/link-address` command to participate in the IDO project (otherwise, we cannot find you through on-chain data) will receive our IDO Magic Potion .

IDO Magic Potion will grant you an additional 1000 Suiswap points and multiply the total Suiswap points for users with more than 5000 points by 1.5.

For example, this means a user with 10,000 Suiswap points will receive (10,000 + 1,000) * 1.5 = 16,500 Suiswap points.

Since originating as the top DEX on Sui, Suiswap has built a community of over 328,000 Discord members and 358,000 Twitter followers. Our SSWP token recently listed on Gate.io and prices have surged over 400% in the last month.

We have been instrumental in boosting adoption of Sui - total value locked on the network itself has exploded from $12.6 million in August 2023 to over $207 million as of December.

## 2024 Holds Even Bigger Ambitions for Our Rapid Growth

This year, we are gearing up to launch Suiswap 2.0 with new brand and roadmap.Most ambitiously, Suiswap aims to evolve from the top DEX on Sui into a premier multi-chain platform. We have strategic partnerships and integrations planned to drive this next phase of ecosystem expansion.

While we have achieved impressive early community growth, exponential room for improvement remains across products, chains and liquidity. We encourage engagement on Discord and Twitter as we unveil more details later this year!

The Suiswap team is committed to pushing the frontiers of innovation for decentralized trading. We are excited for users old and new to join us on this journey into 2024 and beyond!
