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miniswap-roadmap.html
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miniswap-roadmap.html
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<!DOCTYPE html>
<html lang="en" class="no-js">
<script>!function(e){e.className=e.className.replace(/\bno-js\b/,"js")}(document.documentElement);</script>
<head>
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1" />
<link href="./css/style.css" rel="stylesheet" />
<title>Miniswap Roadmap | MiniSwap</title>
<link href="./img/favicon.png" type="image/png" rel="shortcut icon"/>
<link href="https://fonts.googleapis.com/css2?family=Bai+Jamjuree:wght@400;600;700&display=swap" rel="stylesheet">
</head>
<body data-spy="scroll" data-target="#roadmap-aside">
<div class="page-container">
<div class="page-container-content">
<header class="page-header" id="top">
<div class="page-header-container">
<a href="./index.html" class="page-header-brand">
<img src="./img/miniswap-logo.svg" alt="MiniSwap" class="page-header-brand-img" />
</a>
<div class="page-header-content">
<a href="#" class="page-header-toggle collapsed" data-toggle="navbar">
<span class="icon-bar"></span>
<span class="icon-bar"></span>
<span class="icon-bar"></span>
</a>
<nav class="page-header-navbar">
<ul class="nav page-header-nav">
<li><a href="./why-winiswap.html" class="">Why Miniswap</a></li>
<li><a href="./miniswap-roadmap.html" class=" active ">Roadmap</a></li>
<li><a href="./get-involved.html" class="">Get Involved</a></li>
<li><a href="./files/whitepaper.pdf" target="_blank">Whitepapers</a></li>
<li><a href="./trading.html" class="btn btn-secondary-border">Launch App</a></li>
</ul>
<ul class="nav page-header-nav-lang">
<li><a href="./miniswap-roadmap.html" class="nav-link">English</a></li>
<li><a href="./cn/miniswap-roadmap.html" class="nav-link">中</a></li>
</ul>
</nav>
<div class="page-header-lang-dropdown">
<a href="#" class="page-header-lang-dropdown-toggle" data-toggle="dropdown" aria-haspopup="true" aria-expanded="false">
<img src="./img/EN.svg" alt="EN" />
<i class="icon icon-chevron-down"></i>
</a>
<ul class="dropdown-menu page-header-lang-dropdown-menu">
<li><a href="./miniswap-roadmap.html" class="active">EN</a></li>
<li><a href="./cn/miniswap-roadmap.html">中</a></li>
</ul>
</div>
</div>
</div>
</header>
<main class="page-content">
<section class="section-header">
<div class="section-header-bgk"></div>
<div class="section-header-coins"></div>
<div class="container fade-in">
<div class="section-header-content section-header-content--long fade-xs-0 fade-md-0 fade-lg-0">
<h1 class="section-header-title">Miniswap Roadmap<span class="text-primary">.</span></h1>
</div>
</div>
</section>
<section class="roadmap-section">
<div class="container">
<div class="row row-no-padding">
<div class="col-lg-4">
<div class="roadmap-aside fade-in" id="roadmap-aside">
<ul class="nav roadmap-nav fade-xs-0 fade-md-0 fade-lg-0">
<li class="nav-item">
<a class="nav-link" href="#step-1" data-toggle="scroll-to">The First Stage Ecology Establishment and Establishment Rewards</a>
</li>
<li class="nav-item">
<a class="nav-link" href="#step-2" data-toggle="scroll-to">The Second Stage MiniSwap Genesis</a>
</li>
<li class="nav-item">
<a class="nav-link" href="#step-3" data-toggle="scroll-to">The Third Stage MiniSwap DeFi</a>
</li>
<li class="nav-item">
<a class="nav-link" href="#step-4" data-toggle="scroll-to">The Fourth Stage MiniSwap Global</a>
</li>
</ul>
</div>
</div>
<div class="col-lg-8">
<div class="roadmap-main">
<div class="roadmap-item fade-in" id="step-1">
<h2 class="roadmap-item-title fade-xs-0 fade-md-0 fade-lg-0">The First Stage Ecology Establishment and Establishment Rewards</h2>
<div class="roadmap-item-article fade-xs-1 fade-md-1 fade-lg-1">
<p>We kick-start MiniSwap by initiating MiniSwap ecology establishment funds and rewarding to our community. MiniSwap has a limited supply of 1,000,000,000 MINI, which will be used as start-up capital. These MINI will be given to the
community according to the establishment rewards. In particular, 157,000,000 of the total supply will be issued in the form of private placement.</p>
<p>
The fund pool uses a ladder exchange algorithm:
<br />In the first round of private placement, 1ETH can be exchanged for 100901MINI, with a total of 2018039 pieces.
<br />In the second round of private placement, 1ETH can be exchanged for 93838MINI, with a total of 2815164 pieces.
<br />In the tenth round of private placement, 1ETH can be exchanged for 52510MINI, with a total of 5776154 pieces.
<br />And so on...
</p>
<h3>Miniswap private placement pool</h3>
<div class="roadmap-graph">
<div class="roadmap-graph-content">
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">20ETH : 2018039MINI</div>
<div class="pyramid-graph-line-arrow">
<span class="pyramid-graph-line-arrow-line"></span>
</div>
<div class="pyramid-graph-line-eth">
<span>Round 1: <span class="text-primary">1ETH=100901MINI</span></span>
</div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">........</div>
<div class="pyramid-graph-line-arrow"></div>
<div class="pyramid-graph-line-eth"></div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">........</div>
<div class="pyramid-graph-line-arrow"></div>
<div class="pyramid-graph-line-eth"></div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">110ETH : 5776154MINI</div>
<div class="pyramid-graph-line-arrow">
<span class="pyramid-graph-line-arrow-line"></span>
</div>
<div class="pyramid-graph-line-eth">
<span>Round 10: <span class="text-primary">1ETH=52510MINI</span></span>
</div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">........</div>
<div class="pyramid-graph-line-arrow"></div>
<div class="pyramid-graph-line-eth"></div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">........</div>
<div class="pyramid-graph-line-arrow"></div>
<div class="pyramid-graph-line-eth"></div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">210ETH : 5336971MINI</div>
<div class="pyramid-graph-line-arrow">
<span class="pyramid-graph-line-arrow-line"></span>
</div>
<div class="pyramid-graph-line-eth">
<span>Round 20: <span class="text-primary">1ETH=25414MINI</span></span>
</div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">........</div>
<div class="pyramid-graph-line-arrow"></div>
<div class="pyramid-graph-line-eth"></div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">........</div>
<div class="pyramid-graph-line-arrow"></div>
<div class="pyramid-graph-line-eth"></div>
</div>
<div class="pyramid-graph-line">
<div class="pyramid-graph-line-pyramid">310ETH : 3813000MINI</div>
<div class="pyramid-graph-line-arrow">
<span class="pyramid-graph-line-arrow-line"></span>
</div>
<div class="pyramid-graph-line-eth">
<span>Round 30: <span class="text-primary">1ETH=12300MINI</span></span>
</div>
</div>
</div>
</div>
</div>
</div>
<div class="roadmap-item fade-in" id="step-2">
<h2 class="roadmap-item-title fade-xs-0 fade-md-0 fade-lg-0">The Second Stage MiniSwap Genesis</h2>
<div class="roadmap-item-article fade-xs-1 fade-md-1 fade-lg-1">
<p>MiniSwap Genesis is an Ethereum-based decentralised and automated trading platform. It leverages two key concepts. The first key concept is a liquidity pool, where liquidity providers adds tokens into the pool and traders exchange
any pair of their tokens within the Ethereum ecosystem. The second key concept is transaction-fee-mining, where MiniSwap provides rewards to the trader for each of their transaction. For each transaction processed in MiniSwap,
all MINI holders will also obtain a share of the community reward.</p>
<h3>1.Price Oracle</h3>
<p>MiniSwap dynamically adjusts the price of any given pair of tokens.Let pi be the price at time ti. Formally, the price pi,∆t of using token A ∈ T to buy token B over a period ∆ starting from ti is defined as follows:</p>
<img src="./files/formula/formula-road-map-1.jpg" alt="" class="img-responsive" />
<p>Any participate can access to this oracle to get an estimation of the price,i.e. the average price of a time interval.Analysis. To see the benefit of using this weighted price oracle, let’s consider that the price p¯A,Bi of using
A to buy one unit of B at an isolated time point where we do not apply the accumulation, that is</p>
<img src="./files/formula/formula-road-map-2.jpg" alt="" class="img-responsive" />
<img src="./files/formula/formula-road-map-3.jpg" alt="" class="img-responsive" />
<h3>2.Liquidity Pool</h3>
<p>MiniSwap provides liquidity for any pair of assets through a liquidity pool.MiniSwap stores reserves of any two assets (A, B ∈ T ) of a linear relationship,as follows:</p>
<img src="./files/formula/formula-road-map-4.jpg" alt="" class="img-responsive" />
<p>where K is a pre-defined constant. Liquidity providers contribute their tokens into the pool according to the linear relation, i.e., for each of the token A to be reserved, the liquidity provider needs to also put some token B into
the pool according to the defined relationship. Traders can exchange any pair of assets available in MiniSwap. The exchange of assets can be done seamlessly with no confirmation delay through a contract enabling atomic transactions.
Let n A be the number of asset A the a trader wants to spend to buy asset B and f be the transaction fee of this transaction,then the trader will obtain nB of asset B, as defined below</p>
<img src="./files/formula/formula-road-map-5.jpg" alt="" class="img-responsive" />
<h3>3.Transaction-Fee-Mining</h3>
<p>Every transaction in Miniswap is confirmed, there will be a MINI twice the transaction fee is mined, 50% of which is obtained by the trader; 50% by the liquidity provider.</p>
<p>All handling fees generated in Miniswap will be used to purchase MINI. Among them, 50% will be allocated to token holders; 50% will be directly destroyed.</p>
<div class="roadmap-graph-block">
<img src="./files/why-winiswap.jpg" class="roadmap-graph-block-img " />
</div>
<a href="./why-winiswap.html" class="btn btn-primary-full">Transaction-Fee-Mining Description</a>
</div>
</div>
<div class="roadmap-item fade-in" id="step-3">
<h2 class="roadmap-item-title fade-xs-0 fade-md-0 fade-lg-0">The Third Stage MiniSwap DeFi </h2>
<div class="roadmap-item-article fade-xs-1 fade-md-1 fade-lg-1">
<p>At the third stage of MiniSwap, we will introduce MiniSwap DeFi to enable a variety of decentralised financial products. This will create an ecosystem of MiniSwap with rich features.</p>
<p><strong>1.An American Option</strong>
</p>
<p>An American Option is a financial contract. It enables a buyer to purchase or sell an asset at a pre-defined price no later than an agreed time. The predefined price is called strike price (SP) and the agreed time is called an option
cycle. As contracts are not always available, an option cycle defines the available time for a listed option. MiniSwap DeFi provides eight different option cycles, including 1 minute, 3 minutes, five minutes, 15 minutes, 30 minutes,
1 hour, 12hours, and 24 hours. Each option has an intrinsic value (IV). Intrinsic value is the difference between the option’s strike price and the current price (CP) of the underlying market. For call options, intrinsic value
is calculated by subtracting the strike price from the underlying price. Similarly, the intrinsic value of put options is calculated by subtracting the underlying price from the strike price.</p>
<p>A premium is the price that a buyer needs to pay for buying N options. It is also the maximum amount of money a buyer can lose.</p>
<p><strong>2.Insurance Services</strong>
</p>
<p>MiniSwap DeFi also provides insurance services to participants. A participant of MiniSwap DeFi can leverage this insurance service to reduce its lose. Each insurance has a specified price range where the insurance would cover. For
example, a short seller purchases one BTC option with 10 minutes option cycle, underlying price of 5000 USDT, and intrinsic value of 12 USDT. The breakeven price is be 4988 USDT and the premium is 12 USDT. If this investor uses
1 USDT to buy an insurance of 5 USDT at the price range from 4990 to 4995 inclusive, then if the strike price is within the range, the insurance will providemaximum 5 USDT to the user. If the price is not within the range, then
the calculation of the users profit or loss is as normal.</p>
</div>
</div>
<div class="roadmap-item fade-in" id="step-4">
<h2 class="roadmap-item-title fade-xs-0 fade-md-0 fade-lg-0">The Fourth Stage MiniSwap Global</h2>
<div class="roadmap-item-article fade-xs-1 fade-md-1 fade-lg-1">
<p>We will launch MiniSwap Global in the fourth stage, by enabling MiniSwap DeFi to communicate across distributed ledgers. This will make MiniSwap a decentralised, interoperable, and automated platform for trading a vast variety of
financial products provided by different ledgers. MiniSwap Global will enable a network of ecosystems and allow traders from different blockchain platforms to trade seamlessly.</p>
<p>The initial plan is to enable a mixture of Cosmos-like solution and Atomic Swap [3]. The former will be suitable for traders desiring fast confirmation and the latter can be done in a pure distributed peer-to-peer manner.</p>
</div>
</div>
</div>
</div>
</div>
</div>
</section>
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<h3 class="h4 nav-arrow-label">Documentation</h3>
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<a href="./files/whitepaper.pdf" target="_blank">Whitepapers</a>
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