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Minswap

Minswap

MINS
#2102
$0.003187Down 7.10 percent($0.00)

Key Stats

Volume (24h)$20.11K
Max Supply∞
Launch Date2021-10-10
Built OnADA
Smart Contract Address29d222…494e
Decimal Places6

Minswap Information

Websites
minswap.org
Industries
DeFi

Minswap Price Converter

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Minswap Markets

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InstrumentExchangeBenchmark DataPrice24h Change
MinswapUSDT logo
MINS-USDT
MINUSDT
mexc logomexc
C
0.003189USDT
-7.08%

Minswap Supported Platforms

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Trading AsToken StandardBuilt OnSmart Contract AddressLaunch Date
MINADA29d222ce763455e3d7a09a665ce554f00ac89d2e99a1a83d267170c64d494e2021-10-10

About Minswap

Minswap (MIN) is a decentralized exchange (DEX) on the Cardano blockchain, known for its community-centric approach and absence of private or venture capital investments. It supports token swapping, liquidity provision, yield farming, and governance participation by its users. Developed by Minswap Labs, a team based in Vietnam, the platform has quickly risen to prominence within the Cardano ecosystem for its high trading volume and total value locked. Minswap enables liquidity providers to earn multiple forms of rewards, including ADA staking rewards, making it a unique offering in the DeFi space.

Frequently Asked Questions

Minswap is a decentralized exchange (DEX) that operates on the Cardano blockchain. It differentiates itself through a community-centric approach, with no private or venture capital investment. The platform enables users to swap tokens, provide liquidity, and engage in yield farming. Minswap has garnered attention for its high trading volume and total value locked (TVL), positioning itself as a leading DEX within the Cardano ecosystem since its launch in March 2022​​.

Minswap facilitates several key DeFi activities on the Cardano blockchain:

Token Swaps: Users can exchange one cryptocurrency for another, with a portion of each swap fee distributed to liquidity providers. Liquidity Provision: Users can deposit assets into liquidity pools to earn swap fees and MIN tokens as rewards. Yield Farming: By staking liquidity pool tokens, users can earn additional MIN tokens. Governance: MIN token holders can participate in governance decisions, influencing the direction and development of the platform. Staking Rewards: The platform uniquely allows liquidity providers to earn ADA staking rewards in addition to the usual liquidity and yield farming rewards​​.

Minswap was developed by Minswap Labs, a team of DeFi developers and natives primarily based in Vietnam. The team's focus on building a community-driven DEX has led to innovative features that promote equitable distribution of rewards and governance participation among its users​​.

The official Minswap ticker is “MIN” and trades under that name on all the exchanges where it has been listed. The designation “MINS” is for CryptoCompare.com only.