Introducing LollySwap 🍭

We are proud to announce LollySwap, a permission-less exchange for token swaps. In Uniswap’s original vision, they were compared to a vending machine, allowing users at any time of the day to come to the protocol and input one token and receive another. This utopian vision of a vending machine for assets has turned into a constant struggle in which the Ethereum bully takes $100–250 from your pocket every time you decide to use the vending machine.

Today, we take this vision a step further by launching LollySwap on the NEAR Aurora EVM. The NEAR EVM enables any ethereum user to use their existing wallets like Metamask, Argent, etc. and even pay for transactions using wrapped ETH. By using NEAR EVM, we have reduced the price per swap down from $100–250 to $0.01 — a 10,000 to 25,000 gas efficiency improvement.

The days of any swap less than $5,000 being turned into dust are over 🌬💨

The Vision and Contracts

Our team of anonymous engineers have built top tier products that thousands of users interact with today in the crypto ecosystem. LollySwap is the manifestation of our years of collective work in crypto, combined with the frustration of wanting a truly accessible platform for trading which doesn’t price out the little guy. The next billion users will onboard using LollySwap. 🍭

On LollySwap everyone is a whale 🐳

Along with our passion for building in crypto, we are very focused on providing a safe trading experience for users, which is why we have reused a lot of the fully audited Uniswap V2 code, which means that users retain not only the same trading experience for lower gas-fees, but also have the peace of mind that the contracts they are trading with are battle tested.

Token Distribution

We believe a fair token distribution that incentives early participants, while also creating a fly-wheel of attracting later stage adopters is key. We have allocated 10% for the core-contributors, of which 50% is allocated for new contributors past the existing team with a 4 year linear vesting. We have allocated 40% for treasury which will be used to support initiatives relating to future research development of the protocol. The final allocation is 50% which is allocated to liquidity mining over a 4 year time horizon.

For more information on LollySwap join our telegram, keep posted here on Medium, and check out the product here!