⛓⚖️ AMM ⚖️⛓
Explains the Automated Market Maker of the tenXXX Tokens.
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Explains the Automated Market Maker of the tenXXX Tokens.
Last updated
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The Automated Market Maker (AMM) makes sure that there is one place where can be swapped to back and forth to a ratio of ~1:1 at any time.
Every time someone locks a into the AMM there will be minted a token. Every time someone unlocks a they need a which is burned at this moment. There is also a fee (at the beginning minting: 1.6% burning: 0.6%) for the . This fee will be taken away after minting or before burning a tenXXX token. That means there will never be more Tokens minted than locked tokens in the AMM.