LuaSwap (LUA)

LuaSwap Coin Price & Market Data

LuaSwap price today is $0.066171629835 with a 24-hour trading volume of $223,871. LUA price is down -4.5% in the last 24 hours. It has a circulating supply of 110 Million LUA coins and a total supply of 217 Million. If you are looking to buy or sell LuaSwap, Uniswap (v2) is currently the most active exchange.

What is LUA?

LUA is the governance token for LuaSwap. 

How to obtain LUA?

You can purchase LUA from FTX and LuaSwap. You can find LUA trading on various centralized and decentralized cryptocurrency exchanges.

What is LUA?

LuaSwap is a Decentralized Exchange (DEX) running on both Ethereum and TomoChain. Inspired by Uniswap, LuaSwap is the Automated Market Maker (AMM) based DEX built for TomoChain. 

What are the fees incurred from using LuaSwap?

The swap fee is set at 0.4%, of which 0.05% goes to LUA stakers, and the remaining 0.35% goes to LPs.

What is LuaSafe?

LuaSafe is the yield farming program of LuaSwap. Users can stake LUA to receive the following revenues:

• 0.05% from swap fees across all pairs

• 0.1% from withdrawal fees for LPs withdrawing liquidity from liquidity pools.

• 0.5% from users withdrawing their LUA staked in LuaSafe

What is TomoChain?

TomoChain is a scalable L1 blockchain that uses an innovative consensus method called Proof of Stake Voting (PoSV). 

TomoChain has low fees and a confirmation time of only two seconds. TomoChain can currently process 2000 transactions per second (TPS). Ethereum, in the meanwhile, can only support up to 15 transactions per second.

The TomoChain uses an enhanced Ethereum Virtual Machine (EVM). As such, existing Ethereum projects can port over to TomoChain with ease. 

What is Proof of Stake Voting (PoSV)?

Token holders need to deposit 50,000 TOMO to become a Masternode Candidate, and users can delegate votes to any of the candidates. Masternode Candidates that received the most votes are selected to create blocks within a period, called an epoch. 

Each Masternode creates blocks in a round-robin manner every two seconds and follows the double validation technique for security reinforcement. A block is finalized if 75% of the Masternodes sign it off. Masternodes that produced the blocks receive rewards, alongside the voters who voted for those Masternodes. 

What is Double Validation?

When a Masternode creates a block, another randomly chosen Masternode will verify it. Double validation strengthens security, reduces forks, and makes TomoChain unique among other Proof-of-Stake-based blockchains.

How to use TomoChain?

There is a bridge created to convert from Ethereum to TomoChain. For more details, please refer to the official documentation.