🔁DECENTRALIZED EXCHANGE

$CSM has built its own multi-chain Decentralized Exchange (DEX) DOOAR, it will undergo a few stages as outlined below:

Stage 1: A $CSM in-app swap without an independent front end: the swap only serve users within the STEPN app (SOLANA only)

Stage 2: A DEX with a front end: anyone can provide liquidity to $ALICE/USDC & $CSM/USDC pairs.

Stage 3: A DEX with a front end: anyone can create liquidity pools for other tokens (MULTI-CHAIN).

The swap within $CSM will charge 1% trading fee. In this 1% fee:

  1. 0.3% will be rewarded to the liquidity providers.

  2. 0.6% will be held at a separate address to give back to the CheshireMoon ecosystem. The potential use cases include: a) $CSM buyback and burn; b) NFT sneakers buyback and burn; c) Support ecosystem building events ; d) Community giveaways and raffles.

  3. 0.1% will be used for the future development work

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