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PAWSWAP Price (PAW)

₹ 0.0000015910 5.04 %

Low : ₹ 0.0000 High : ₹ 0.0000

Market Cap

₹0.63 B

6.2050 %

All Time High : ₹0.0000

All Time Low : ₹0.0000

Volume

₹48.72 M

Circulating Supply 423536000000000
Max Supply 1000000000000000

PAWSWAP (PAW) Price Live Chart

PAWSWAP (PAW)

PAWSWAP functions as a decentralized exchange (DEX) where users engage in cryptocurrency trading. Operating on the Shibarium Layer 2 chain and constructed upon Ethereum, PAWSWAP aims to provide increased decentralization in comparison to other crypto exchanges. Additionally, it endeavors to offer a wide array of trading tools for users.


What is PawSwap (PAW)?

PAW stands as an ERC-20 token with a total supply reaching 1 quadrillion. Originating on the Ethereum blockchain, PAW extends beyond being just a token; it embodies a thriving segment of the lively PawChain community. The growth of PAW fuels the PawChain ecosystem, facilitating transactions and empowering community governance. 

Our future aspirations for PAW are ambitious and promising. The token's trajectory involves transitioning from its current ERC-20 token status to a genuinely cross-chain asset. PAW holds the central position in our Layer-2 solution, PawChain, interconnecting all our utilities. It will propel our decentralized exchange, PawSwap, stimulating swaps and staking opportunities. 

PAW will also play a pivotal role in our envisioned DeFi eCommerce marketplace, Payment Cards, Wallet Hardware, and more, enabling seamless transactions in both digital and physical realms. Through our Layer-3 solution, our aim is to interlink all chains, fostering a fully interconnected ecosystem. Therefore, PAW transcends being merely a token; it serves as a crucial element in the decentralized future puzzle.


History of PAWSWAP

PAWSWAP emerged partly due to discontent within the Shiba Inu community. Certain users expressed dissatisfaction with Shiba Inu's exchange methods and harbored concerns that the ecosystem was tilting toward centralization. Consequently, they embarked on creating an unofficial DEX (decentralized exchange) integrating all the features that Shiba Inu had declined to include in its own exchange.

Under the guidance of the pseudonymous developer PawKishi, several individuals collaborated to develop a distinctive exchange. They aimed to deliver a seamless trading experience that prioritized user needs. As per statements on X (formerly Twitter), their primary objective is simply to "construct what the PEOPLE desire."

Frequent conflicts have arisen between the PAWSWAP team and Shiba Inu's head developer, Shytoshi Kusama™. Kusama has disclaimed any affiliation with PAWSWAP, and certain influencers have hinted that the PAWSWAP team might comprise previously dismissed Shiba Inu employees. In recent months, PAWSWAP's website has removed numerous references to its association with the Shiba Inu ecosystem.


How Does PAWSWAP Function?

PAWSWAP operates on the Ethereum system, a well-established blockchain ensuring compatibility with various web3 applications. Acting as its base, Ethereum provides stability and reliability to the ecosystem.

Shibarium, a scaling solution for Ethereum, is another integral part of PAWSWAP. Developed by the Shiba Inu community, Shibarium functions as an Ethereum Layer 2 protocol, enhancing the speed and affordability of blockchain transactions. It facilitates the creation of diverse decentralized applications (DApps) and projects.

Utilizing Shibarium's smart contract protocols, the PAWSWAP team constructed their exchange platform. This platform comprises coding and smart contract layers, forming a comprehensive yet user-friendly system accessible via the organization's website. Users can create accounts and seamlessly perform various tasks like crypto exchanges through on-site instructions.


Features of PAWSWAP

PAWSWAP aims to empower users with several features for financial autonomy. Here are the fundamental elements of the PAWSWAP ecosystem:

  • PAW Aggregator: This tool scans multiple exchanges to determine the best prices for asset swaps. It furnishes users with pricing analytics and suggests optimal trade choices.

  • PAW Merchant: Integrated with payment gateways, this feature streamlines crypto payments for products. It collaborates with other web3 programs, enabling secure crypto transactions and the conversion of crypto to fiat currency.

  • PAW DAO: PAWSWAP’s governance model emphasizes community involvement. A decentralized space allows members to collectively vote on exchange operations, with participants receiving rewards for contributing to governance decisions.

  • PAWChain: As the Layer 2 blockchain for PAWSWAP's utilities, PAWChain implements proof of stake (PoS) and proof of authority (PoA) consensus mechanisms for transaction verification.

  • PAW Treasury: This multisig wallet manages community funds, supporting PAWSWAP’s further development by the core developer team.

  • PAW Club: Offering social engagement, PAW Club enables users to create profiles and engage in discussions related to decentralized finance (DeFi). It serves as a platform for proposing ideas to enhance the PAWSWAP system.

  • PAW Burn: The PAW Burn portal facilitates sending PAW tokens to a dead wallet, contributing to the improvement of crypto values. Over 27 billion tokens have been burned via this method.

  • PAW Staking: To curb inflation, PAWSWAP advocates staking. Users can choose between flexible staking models, earning either 3% APR indefinitely or locking PAW tokens for 13 weeks to earn 8% APR.


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