Narwhalswap Protocol — DeFi Platform with Sustainability

3 min readNov 16, 2020

This article is not investment advice. This is for information and knowledge only. All investment products have risks, especially related to crypto, DWYOR.

Narwhalswap is the newest decentralized finance (DeFi) liquidity pool platform that is a further and better evolution of UniSwap. In addition to offering off-ramp fiat currency converting solutions to allow users great convenience between the fiat and cryptocurrency worlds.

Narwhalswap has also added some new Blockchain community-oriented features to the Uniswap’s core design, which will help boom the technology and provide user-friendly real-time benefits in terms of price curves and contributor rewards. Our protocol design offers to align incentives for the users by introducing strategies like pool rewards & network effects.

How does Narwhalswap work?

As there is no order book or any centralized party required to make trades, you might be wondering how trades happen without a third party. Well, Narwhalswap works with a model that involves liquidity providers creating liquidity pools. This model provides a decentralized pricing mechanism that efficiently smooths out third party depth. Here is how Narwhalswap works.

Roadmap

10–2020:

Launch on Binance Smart Chain

Narwhalswap Launch V1

Narwhalswap info

NAR Pre-Sale

Liquidity Mining Pool V1

GEM launch

GOLD Launch

11–2020:

NFT Launch

NFT Marketplace V1

Liquidity Mining Pool V2

Narwhalswap with Programmable Liquidity

INO (Initial NAR Offering)

01–2021:

Narwhal Lending

Narwhalswap Launch V2

Narwhal Chain

Token

Name: NAR tokens

Symbol: NAR

Supply: 21,000,000

Platform: BSC

The total/max supply of NAR tokens will be capped at 21,000,000 NAR.

The following is the team’s allocated amounts for the token supply:

525,000 NAR is initially allocated to Team Developers, Community Supporters for contributions to the project in the long run. This allocated amount is locked at 2.5% of the circulating supply. The dev team also will not be able withdraw more than 2.5% of the circulating supply at any time.

787,000 NAR is allocated for distribution into DAO for future community initiatives. This allocated amount will be used as a resource for upcoming community proposals and decisions when that feature is released. Be it new suggested features or even competitions or campaigns — the devs want to allocate an amount that they can support the community with.

1,575,000 NAR is allocated for Pre-Sales & Whitelisted Pre-Sales. This allocated amount is used to raise funds for the initial adding to liquidity for NAR.

Sold: 478,001.3217240 NAR

Unsold: 1,096,998.6782760 NAR

1,102,500 NAR are allocated for the initial liquidity of NAR on Narwhalswap.

UPDATED:

Inserted as liquidity: 236,250 NAR

Burned: 866,250 NAR

210,000 NAR will be allocated for airdrop programs. To grow the community, the team will be using this allocated for bounty and community campaigns.

16,800,000 NAR. These remaining tokens make up the allocation intended to be distributed to liquidity providers.

Conclusion

Narwhalswap is the first regulated DeFi project based in Singapore. what makes Narwhalswap different from other similar projects is regulated with clear legality, off-ramp fiat debt conversion, more staking rewards, lower costs, and lots of interesting events that are packed with fun. This is a new evolution in the DeFi ecosystem.

That’s my review, hopefully, it can provide a lot of insight. If you are interested in Narwhalswap, please use the following link:

Website: http://narwhalswap.org/

Twitter: https://twitter.com/narwhalswap

Telegram:https://t.me/narwhalswap

Discord: https://discord.com/invite/svKCf67

Medium: https://medium.com/narwhalswap

Github: https://github.com/narwhalswap