What mist is about ?

in blurt •  3 years ago 

Hey Den, sure - not sure what you want specificly but I'll give a general overview.
Welcome ☺️

What is Mist about? Well- It's currently the top DEX on SmartBCH!
High TVL, High daily-trade volume.

What makes Mistswap different? The Algorithm!
It allows for farms to change month based off volume. (Instead of a single party/dev choosing what farms are)

We have governance (which all chat/proposals go into discord).. and as mist grows/ smartBCH it will eventually turn into a fully DAO dex!

Personally, Mistswap is my number 1 dex because it really does bring that full BCHer vibe (everyone can use it and be apart of it!)

Mist is also fully open source, and also has bounties if you are a dev and want to get your hands dirty.

Any questions feel free to ask. Read up on the documents as alot is explained there!

Kasumi is the Dev, so any support questions are best directed into discord for her.

Really, Kasumi would be best to give a overview being her dex... But hopefully that helps a little 😉

So Mist bridge is out and working already! you can use it by just clicking on the bridge tab on website- it uses hop.cash and sideshift to allow you to send your crypto from other chains and it will convert to SmartBCH for you. Super easy process!

For the token itself we have Mist and Xmist.

Mist is the main dex token / reward token. It is a sushiswap fork.
xMIST is when you take your mist and stake it (creates xmist when mist put in& burns xmist when you remove). xMIST gains fees from the dex swaps & bridge fees. (Soon also from lending and other projects.)
You also use your xMIST for voting.

What makes it difference vs other dex's tokens? Well, over all they are all the same. The biggest thing about Mist (well, Kasumi) is its track record and continuous push towards bringing things into mist to generate fees for xMIST holders... which really is one of the big things that makes the token itself stand out from others... given less of a reason to sell & more holding.

As smartBCH grows, Mist should stand out quite heavily because of it.

A few other things for break down on how the tokens work / mist works can be seen here if you want some more indepth reading:
https://docs.mistswap.fi/

Glad to help!
I am sure if Kasumi (or anyone else) thinks of anything important they will add it in.

There are so many dex's (helpme.cash list them) but Mistswap maintains the highest TVL for a reason!

Alot of the dex's on SmartBCH have great teams behind them and are working on their own projects, many are great choices for investments , and you can't really go wrong getting into them as long as you are getting into them for the right reasons! 😊

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