MoonSwap

MoonSwap is a second layer solution that aims to eliminate the speed and high gas fee issues that can come with trading on automated market making (AMM) platforms like Uniswap.

As an alternative to popular AMMs like Uniswap and SushiSwap, MoonSwap looks to make trading cryptocurrencies a fast, (almost) free process, thanks to the use of the Conflux blockchain. MoonSwap leverages Conflux’s Tree Graph (TG) technology to ensure transactions are confirmed within 23 seconds, while achieving a throughput of up to 6,000 transactions per second (tps).

The platform launched the Moon token in September 2020 after unveiling its asset migration process, which allowed holders of all Ethereum-based assets locked in MoonSwap to migrate their assets to Conflux cross-chain assets (e.g. ETH to cETH). This is a one click process that allows users to easily acquire Moon LP tokens.

The MoonSwap token (MOON) is an ERC20 asset that acts as a reward mechanism for holders — since all fees accrued on the platform are distributed to MOON holders. Those who participated in the MoonSwap migration prior to January 2021 were also rewarded with a Dragon non-fungible token (NFT) for use within the ConDragon DeFi RPG game.