AllSwap Blackpaper
Summary
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Summary
Last updated
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AllSwap is a proprietary cross-chain aggregation protocol built by All Labs. AllSwap provides ‘cross-chain swaps to conduct exchange settlements without regard to limitations of a typical isolated Blockchain network. The mission of AllSwap is to provide consumers access to cryptocurrency-based financial services, allowing them to exchange or ‘swap’ all digital assets. AllSwap is a non-custodial automated & trust-less system with no ‘sovereign’ access (owner-less) across all major Blockchains, making for a superior crypto marketplace. AllSwap is a, first of its kind, Universal Decentralized Exchange (or UDEX, for short). The UDEX is only the first product by All Labs. AllSwap allows consumers to trade via its easy to use trust-less, peer-to-peer system and with liquidity supplied by other users. Instead of a formal “IDO” or “ICO,” we at AllSwap have decided to take a more unconventional route and host an ISMO, short for an Initial Stake Multi-Pool Offering. Our ISMO is the first of its kind across the entire industry and will allow more users to access our offering by taking on two of the most widely adopted and promising blockchains. Consumers will be able to stake their SOL or ADA in AllSwap’s coordinating pools. By doing so, users will receive $ALL Tokens as a staking reward. Once the span of that section of funding ends, users will be gifted $ALL NFT’s. $ALL Tokens will be released on Solana and Cardano from launch. We have chosen to go this route as it allows for a safe way for AllSwap supporters to receive $ALL and stake without risk while allowing the SPO, short for “supply path optimization,” to receive rewards that will be utilized for further funding of this protocol. In this sense, AllSwap is also an “automated market maker” (or AMM, for short). While a consumer’s underlying tokens remain in the pool, fluctuations in the price of the two underlying tokens automatically recalibrate the quantity of those tokens across the two blockchains to confirm to the equation x*y=k, where x and y are the quantities of the two paired tokens, and k is the constant.
