6.2 Micro Swap

Leading decentralised exchange platform AMM + Staking + NFT Trading

MicroSwap is an automated market maker (AMM) that comes with NFT trading functionalities.

The MicroSwap ecosystem has some core products:

• Token Swap

• Liquidity Pools

• NFT Trading

MicroSwap Link: http://www.microswap.pro/main/swap

Token Swap

Microverse is committed to providing the best products and services, and we are building the infrastructure for the metaverse that would influence the future development of the entire sector. Part of this commitment is to provide comprehensive financial and trading services that would meet the needs of investors and traders in this digital age.

MicroSwap is structured in a similar way to Uniswap, one of the leading decentralized exchanges for Ethereum-based tokens. Users that have been trading regularly on Uniswap would find familiarity with the Microverse interface, and marvel at its simplicity and efficiency.

• Exchange

You can exchange one token for another token through the liquidity pools in MicroSwap.

MicroSwap now supports the exchange of various BEP-20 tokens. Users can propose the addition of new liquidity pools if they are interested in new trading pairs.

When you exchange tokens on MicroSwap, there will be a 0.3% handling fee which will be used to purchase and burn MVP tokens.

Liquidity Pools

• Add Liquidity

The MicroSwap platform hosts liquidity pools, which is a mechanism by which users can pool their crypto assets via smart contract to provide liquidity for traders. Users can provide liquidity for certain token pairings if it fits their investment strategy, and in turn earn trading fees proportional to the amount of liquidity they have supplied to the pool.

When you add tokens to the liquidity pool, you will receive liquidity pool (LP) tokens.

For example, if you deposit MVP and USDT into the liquidity pool, you will receive MVP-USDT LP tokens.

The number of LP tokens you receive represents your share in the MVP-USDT liquidity pool.

You can view the fund pool that you have provided liquidity to in "My Liquidity", and you can also withdraw the tokens at any time.

• Farming/Staking in MicroSwap

Let us learn how to farm/stake your tokens in MicroSwap to earn rewards.

Single-Token Pools

1. Firstly, connect your wallet to the MicroSwap platform.

2. In the [Staking] page, select the single-token MVP staking pool.

3. Input the amount of MVP tokens that you wish to stake, then click on [Approve].

4. Once approved, click on [Stake] to stake your MVP tokens and start earning rewards!

Dual-Token Pools

5. Firstly, connect your wallet to the MicroSwap platform.

6. In the [Staking] page, check the liquidity pools that are available.

7. Choose the pairs that you would like to exchange liquidity for (If needed, go to the [Swap] page to swap for the tokens needed).

8. On the [Swap] page, click on [Add Liquidity], then choose how many tokens you wish to add to one half of the pair – the other half will auto-fill. This is due to the pairing needing to be of equivalent value. Details will be provided on your proportional share of the pool, which will dictate the amount of liquidity provider (LP) tokens you receive. The LP tokens will be named in accordance with the pair of tokens you provided.

9. With the LP tokens, head to the [Staking] page, select the correct pool, then click on [Stake].

10. Select the amount of LP tokens you wish to stake, then click on [Approve] to start earning rewards!

• Remove Liquidity

How to remove your tokens from the liquidity pool:

1. From [Staking], click on [Unstake] to get your LP tokens back.

2. Click [My Liquidity]. Find the currency pair, and then click [Manage].

3. Click [Remove] to remove the liquidity for that trading pair.

4. Slide the progress bar to remove a part of the liquidity. For example, you can choose to remove only 25% of your tokens.

5. Click [Approve] to authorize the transaction, note that transaction fees will be incurred.

6. After [Approve] is displayed, click [Remove].

7. Click [Confirm] to confirm the transaction. After the liquidity is removed, you will receive the corresponding amount of tokens by returning your LP tokens.

NFT Trading

One of the most interesting parts of MicroSwap that distinguishes it from other AMMs is the ability for traders to buy and sell NFTs exclusive to the metaverse platform MicroWorld. NFT products can be easily bought and sold using MVP tokens, which can either be mined by the community or purchased from a cryptocurrency exchange.

On the MicroSwap platform, users can purchase PLOTs of virtual land within the MicroWorld using MVP tokens. The total number of PLOTs in MicroWorld is capped at 13,810, and this scarcity plays a pivotal role in determining the value of these PLOTs. Users can develop their land into different attractions, such as art galleries, entertainment centres, and more. They can also choose to buy and sell PLOTs on MicroSwap for investment or speculation purposes. As the metaverse sector continues to heat up, these PLOTs of land would likely appreciate in value as more people enter the metaverse.

As most of the in-world assets within the MicroWorld are stored as NFTs, users will be able to trade them freely in MicroSwap. This includes digital avatars, pets, or equipment. At the moment, the Microverse team has released their first NFT drop known as MINOs, which is a set of cute collectible dinosaurs that has special abilities in the MicroWorld. More drops are planned for the future, and all of these can only be purchased on MicroSwap using the MVP tokens.

NFT Marketplace Link: https://micronft.market