Netswap

Overview

Netswap is a decentralized exchange (DEX) built on the Metis Andromeda network. The NETT token serves as the platform's governance and utility token, allowing holders to participate in protocol decisions and earn rewards through staking.

Purpose and Utility

The primary intended purpose of NETT is to facilitate decentralized trading on the Metis network, provide liquidity incentives, and enable community governance. The token is actively used for these purposes within the Netswap ecosystem.

Business Model

The protocol generates revenue through trading fees on the DEX platform. The business model is transparent and straightforward, primarily focused on facilitating asset exchange. While the protocol includes staking mechanisms, these function as operational infrastructure rather than interest-bearing products.

Real-World Adoption

Netswap has established itself as one of the primary DEXes on Metis, with active trading volumes and liquidity provision. The platform maintains regular development activity and community engagement.

Token Distribution

The token distribution includes allocations for liquidity mining, team, and ecosystem development. Team tokens are subject to vesting schedules to align long-term incentives.