❓FAQ

In this page, you'll find the most frequent asked questions and their answers accordingly.

Introduction:

Panorama Swap is a leading automated market maker (AMM) that facilitates the seamless swapping of digital assets on the Aleph Zero blockchain. With a focus on providing a suite of on-chain decentralized finance (DeFi) protocols, Panorama Swap offers users a censorship-resistant and permissionless environment for swapping tokens, earning yield from staking, providing liquidity, and engaging in yield farming opportunities. In this comprehensive article, we will explore the features and advantages of Panorama Swap, its successful fundraising efforts, the benefits of building on Aleph Zero, the concept of AMMs, available yield farming options, supported wallets, and more.

Enabling Permissionless Swapping and Yield Generation:

Panorama Swap's core functionality revolves around enabling users to swap tokens and create liquidity pools in a permissionless manner. By removing intermediaries, Panorama Swap provides users with direct control over their assets, fostering a decentralized and secure environment for trading. Furthermore, the platform offers various avenues for users to generate yield, such as staking PANX tokens, providing liquidity to pools, and participating in yield farming opportunities.

Successful Fundraising Efforts:

To support the development and growth of Panorama Swap, the team conducted a seed event, during which participants could purchase PANX tokens. The seed event required a minimum investment of 500 USDC and a maximum investment of 5,000 USDC, with a PANX token price of 0.1 USDC. The event successfully raised 290,000 USDC, resulting in the sale of 2,900,000 PANX tokens. The seed event's allocation will be released to participants gradually over approximately 11 months, following a vesting schedule.

Advantages and Innovation Building on Aleph Zero:

Panorama Swap chose to build its platform on the Aleph Zero blockchain, a highly innovative layer 1 smart contract solution. Aleph Zero offers exceptional advantages, including high throughput, lightning-fast confirmation times, and privacy features that obfuscate swaps, protecting users from transaction reorganization attempts by block producers. The scalability and privacy features of Aleph Zero make it a reliable foundation for Panorama Swap, ensuring a smooth and secure user experience.

Understanding Automated Market Makers (AMMs):

Automated market makers form an integral part of decentralized exchanges, eliminating the need for intermediaries in crypto asset trading. Panorama Swap operates as an AMM, enabling users to create and contribute to liquidity pools easily and securely. Through the automated processes, AMMs facilitate efficient price discovery and enable seamless token swaps.

Yield Farming Opportunities on Panorama Swap:

Panorama Swap offers users the opportunity to engage in yield farming, a popular DeFi practice that allows individuals to earn additional tokens by providing liquidity to specific pools. By staking their PANX tokens and contributing to liquidity pools, users can earn extra yield, further incentivizing participation and providing an avenue for passive income generation.

Supported Wallets for Panorama Swap:

To ensure a user-friendly experience, Panorama Swap supports various wallets. Users can connect their wallets through the following options:

1. Polkadot.js: Utilize the Polkadot.js browser extension, available at https://polkadot.js.org/extension/.

2. Subwallet: Download the Subwallet app from https://subwallet.app/.

3. Nova Wallet: Download Nova Wallet at https://novawallet.io/.