What Is ViperSwap?
ViperSwap is an automated market maker (AMM), a decentralized exchange (DEX) and DeFi protocol that allows users to exchange tokens, provide liquidity and earn trading fees.
The DEX launched March 8th, 2021 and runs on Harmony's blockchain - making it one of the fastest and cheapest DEX:es in existence.
ViperSwap is based on a mashup of Uniswap and SushiSwap smart contracts and features an automated market maker model where users trade against liquidity pools.
The pool liquidity is deposited by users who want to earn trading fees as well as staking rewards for providing the liquidity. After depositing funds the users earn a liquidity provider (LP) token called VENOM-LP which can be staked to earn additional rewards besides trading fees.
The LP token is also used by users to reclaim their initial provided capital plus earned trading fees.
What Makes ViperSwap Unique?
ViperSwap takes advantage of Harmony's 2-second finality and extremely low transaction fees to offer one of the fastest and cheapest DEX:es in existence right now.
A regular swap transaction on ViperSwap typically costs around $0.0000000015 - making the platform a viable option for everyone since users don't have to pay $10, $20 or even $100 to perform a single swap.
ViperSwap is governed by the VIPER governance token which is HRC-20 token awarded to liquidity providers staking their LP tokens on the platform.
The VIPER token features a unique lockup system designed to incentivize long-term protocol participation with the explicit goal of rewarding early and loyal liquidity providers. The token is used for both protocol governance as well as incentivizing liquidity providers.
Swaps on ViperSwap follow a similar fee model as Uniswap and Sushiswap: every trade carries a 0.3% fee.
ViperSwap features a fee-sharing system called the "ViperPit" where 0.1% of the 0.3% fee (1/3rd) is distributed to users staking the VIPER token in the ViperPit single-asset staking pool. This is 50% more than what is awarded to stakers in e.g. SushiSwap (which rewards stakers with 1/6th of trading fees).
In summary:
- Super fast DEX
- Insanely low swap fees (as low as $0.0000000015!)
- Attractive fee sharing mechanism rewarding singe-asset stakers 1/3rd of all generated trading fees
How does ViperSwap affiliate program work? - step by step
| Steps | How it works |
|---|---|
| Joining an Affiliate Program | Similar to traditional affiliate marketing, you start by join a crypto affiliate program by contacting a business development manager or access affiliate program homepage. |
| Getting Your Unique Affiliate Link | Each program has its own requirements. Once you qualify, you will receive your unique affiliate link. It is with this link that you’ll promote the company’s products or services. |
| Promoting Products/Services | You then promote the products or services through various channels, including blogs, websites, email newsletters, or social media platforms. |
| Earning Commissions | When someone clicks on your affiliate link and completes a desired action (such as signing up), you earn a commission like a fixed fee per conversion or by percentage of transaction volume. |
| Tracking and Analytics | You can see metrics such as clicks, conversions, and commissions earned. This enhances your marketing campaigns and generates better results. |
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