Poseiswap was first launched on the testnet in March 2023, with the goal of becoming the first and largest DEX on the Nautilus Chain, a new Layer 3 blockchain.
It will not only have a faster and cheaper decentralized exchange, but it will also be more private and compliant with regulations, thanks to the ZK-tech integration and an OFAC-compliant module.
PoseiSwap is scheduled to go live on the mainnet in the second quarter of 2023, and it’s just the beginning of what’s to come.
The following is a timeline for PoseiSwap’s upcoming product feature launches:
Q2 2023
POSE Public Sale
POSE is the official token of the PoseiSwap ecosystem, along with its derivative governance token, sPOSE.
5% of the total POSE supply will be allocated for public sale, and there will be three tiers of selling them:
Tier 1: 0.50% will be unlocked at the Token Generation Event (TGE)
Tier 2: 2.50%—7-to-18 months of linear vesting
Tier 3: 2%—13-to-36 months of linear vesting
Liquidity Mining
The community will be able to provide liquidity to any pool of their choice on PoseiSwap.
In exchange, they will receive a percentage of all transaction fees in the pool of their choice, based on their pool share. Liquidity providers will also be given a Liquidity Pool (LP) token to farm on future farming pools.
Q3 2023
Trading Competition
Several campaigns and trading competitions with exciting prizes will be held to encourage users to explore and use PoseiSwap.
Staking
POSE token staking will be available, allowing holders to lock in their assets for as little as 30 minutes and as long as four years.
Staking rewards will be in the form of POSE’s derivative and governance token, sPOSE, to encourage people to participate actively in its future directions.
Governance
PoseiSwap’s governance protocol will be active and run by its community, or the DAO (Decentralized Autonomous Organization). These will be voted on by those who own sPOSE tokens. The rules and mechanism will be discussed further down the road.
Q4 2023
IDO Platform
PoseiSwap was created not only to be a place to trade coins and tokens, but also to serve as a launch pad for IDOs (Initial DEX Offering).
Side-wide UX/UI Upgrades
For our community, we only want the best and most convenient user experience. This would necessitate upgrades and staying current with the latest trends.
2024 and Beyond
Privacy Trade by ZK Function
One of the primary benefits of using PoseiSwap over other existing DEXs on the market is its inherent ability to protect its users’ privacy.
This will be possible thanks to the ZK-Tech integration, which will allow users to trade and have their transactions confirmed without revealing too much information.
NFT Marketplace and Swap
PoseiSwap will not only be a DEX for fungible coins and tokens, but it will also host non-fungible tokens (NFT), allowing users to list, trade, and discover prices on their NFT collections.
Real-World Asset
The PoseiSwap Ecosystem’s massive adoption goal includes adapting real-world assets that can be tokenized and represented on the DEX, such as real estate, commodities, private equities, stocks, and bonds.
More NFT Pools
Users will be able to not only list and trade their NFTs on PoseiSwap, but also raise liquidity, allowing anyone to buy or sell NFT based on market supply and demand.
