{"id":482220,"date":"2021-04-27T08:03:59","date_gmt":"2021-04-27T12:03:59","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/"},"modified":"2021-04-27T08:03:59","modified_gmt":"2021-04-27T12:03:59","slug":"emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/","title":{"rendered":"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees"},"content":{"rendered":"<h2>\nEmiSwap, designed to provide high rewards for liquidity providers pays 100% of Ethereum\u2019s trading fees in $ESW governance tokens for any activity<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>UAE, April  27, 2021  (GLOBE NEWSWIRE) &#8212; (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZVHUUy-Jfy_JS1eTw33nbF57Vk1Wm3zK6llDVCQ7VAtUabR-7yTkbFj95z_2EvJf-nc1kCp_b94pBnULvvnWbm9My4edq6yTJeGduCcl4jI=\" rel=\"nofollow noopener\" target=\"_blank\">via Blockchain Wire<\/a>) &#8211;\u00a0EmiSwap (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ3d0yMApTyAQAjC7eq80lJnDdTw6EXauu8IDxTZhoFNOohS2VqUtYdOZKw9AGWXFxQ==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/emiswap.com<\/a>), the first community-governed decentralized exchange (DEX) to provide high rewards for liquidity providers (LPs), today announced the successful raise of $1.4 million US in seed funding for its $ESW token. Offering 100% compensation for Ethereum\u2019s transaction fees, EmiSwap is a truly decentralized autonomous organization (DAO) that incorporates a variety of solutions for decentralized finance (DeFi), allowing users to benefit from every single transaction in a few easy steps. EmiSwap kicked off its private sale earlier this week to provide further opportunity for investors who couldn\u2019t participate in the overbooked Seed round.<\/p>\n<p>\n        \n      <\/p>\n<p>Transaction fees for an Ethereum-based DEX can cost more than $20 for each trade due to the design of Ethereum\u2019s network, and can fluctuate drastically depending on the level of congestion. Transaction fees have spiked so high that it has caused the market to question the viability of DEXs. To accommodate its community, EmiSwap has launched the first DEX to offer full compensation for Ethereum\u2019s transaction fees along with key benefits, like high rewards for liquidity providers and distribution of non-fungible tokens (NFTs). There will be 1 Mythic, 11 Legendary, 40 Epic, 150 Rare, 300 Uncommon, and 500 Ordinary NFT cards ready to be allocated to participants that surpass specific milestones.<\/p>\n<p>\n        \n      <\/p>\n<p>Designed to provide high rewards for liquidity providers (LPs), EmiSwap offers:<\/p>\n<ul>\n<li style=\"list-style-type:disc\">\n          <b>100% Ethereum gas fee compensation<\/b> for any activity (creating a pool, making a swap, or adding liquidity) in $ESW governance tokens. <\/li>\n<li style=\"list-style-type:disc\">\n          <b>30,000 $ESW for each 1 million DAI trading volume<\/b> is distributed among LPs proportionally daily (which increases the basic reward for providing liquidity by two). <\/li>\n<li style=\"list-style-type:disc\">\n          <b>Over<\/b><br \/>\n          <b>40,000 $ESW is allocated to LPs daily<\/b>. <\/li>\n<li style=\"list-style-type:disc\">\n          <b>0.05% rewards from trading volume daily<\/b> and vote on product developments. <\/li>\n<li style=\"list-style-type:disc\">\n          <b>Limited-edition NFT cards<\/b> will be allocated to LPs. <\/li>\n<\/ul>\n<p>\n        \n      <\/p>\n<p>&#8220;We followed a strategic thinking process, detailed analysis of blockchain values and fees, and a variety of methods and formulas to make our offering valuable and unique,\u201d said Grigory Rybalchenko, founder and CEO at EmiSwap. \u201cWe created EmiSwap, not just for the sake of starting, but because we believe in its power. Today we rest assured that our product is unique and is ahead of the game.\u201d<\/p>\n<p>\n        \n      <\/p>\n<p>EmiSwap is the first project of the EmiDAO alliance and its members who are actively involved in managing and supporting the product. The EmiDAO alliance includes, an investment fund focused on emerging blockchain companies, Alpha Sigma Capital (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJxONTECIxI0QrM7wegS56Jsa8MHhXQR9TQ-AYb6drGliFnt3Q5ml2YAMAnihsjZhQLm-hxmMpWF4PXagPDssAwk=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/alphasigma.fund<\/a>); a top cryptocurrency exchange by trading volume and liquidity, DigiFinex Exchange (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJw64SslFg_L40d66N9l0YbvD5BDYocJCQirErTLK-xIe6rEUklY7Qxj5MLzPkH1LN2fhahWg_KBfne0lgMlWQKU=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.digifinex.com<\/a>); an exchange with 2.1 million global users and over 300 cryptocurrencies listed, Bitmart Exchange (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ_00gCAMhzfEe2ev4W8tmzZPClSCxuhz_cHNgnu3svx4trBhYSEAmE3fdqxDC-Uv77V8GOyoI4fGzcRUAIi0AJ8=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.bitmart.com<\/a>); the first decentralized financial project that distributes all its revenue among stakeholders, Emirex Exchange (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ90SCwk_waMjXDDJei5VP6P9W3OM-Twy0sC23LA0MKtiRbTXG7ERebDpALX8jLCwOg==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/emirex.com<\/a>);\u00a0 an all-in-one and open-source white-label exchange solution that lets anyone run a complete crypto trading platform, HollaEx Exchange (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ5uANREOKypFYZIGHJf3jBq5fy5cep9RpFpsI29mixCibYmBqyV3Ug9ezDaUHXAjFw==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/hollaex.com<\/a>); a Hong Kong-based cryptocurrency exchange and financial services company working in areas including media, social, mining, digital asset management, markets and research, IDCM Exchange (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ6OU3Ew0Q6kyEBQfTzwm2AL-AfyQVJDrIB1gjiCEyEmDkseJc4UCNxGEdS15ITy79A==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.idcm.io<\/a>), and a global banking platform that is integrating its services of eKYC, AML, whitelist-as-a-service, and fiat-in\/out ramps, Everest Group (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ2oz0z7op2zZsHEq345zMXv9XIR-qVvxBqCDWqSMQW2w48qLqB8J7G2z50DSiU7_yNSeZqx9Z655H1cNeD_54JY=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/www.everestgrp.com<\/a>).<\/p>\n<p>\n        \n      <\/p>\n<p>EmiSwap passed the security audit performed by Hacken (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ9z-9-FZuOAE9itRfN6951FT3VaHZtKOmA4_gu2KpH3s7vbodd-1JRSW7p479y91vg==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/hacken.io<\/a>) whose clientele includes OneLedger, FTX, AirAsia, Vechain, and more, and ensures the protection of user assets and data. The full report can be found <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=XufpCD109FMoWUWEYyfi7SuoqNH-f-_hS_5PrGfLPMAaXvsOFVpDxB8lggSvIh6dCSqGfSDsdwoGVKLHnNGK5bGwDZRFsVrrusU0uYznMwF3lgIDNYEF8SyoefjugJBMXAR7uK4rMlYby2DjssW4wQ==\" rel=\"nofollow noopener\" target=\"_blank\">here<\/a>.\u00a0<\/p>\n<p>\n        \n      <\/p>\n<p>EmiSwap will conclude the private sale at the end of May, 2021. For more information please visit EmiSwap\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ZtYdLFDCwZmQHOcovr_yIbXK2geEEyserPkiWKiqUBVxgya7_k0EXWCDN6eYHKnLUZq0UzxJx9uxeh-reydAQA==\" rel=\"nofollow noopener\" target=\"_blank\">website<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=iFCpJuRX4UvRt3U-Ny1dj82b61C10XIit8JC3JhLsxGd4JAChczu2CEUXaEqiNXHIscZteUXbtVDYZOiuQpNCQ==\" rel=\"nofollow noopener\" target=\"_blank\">Medium<\/a>.\u00a0<\/p>\n<p>\n        \n      <\/p>\n<p>\n        <b>About EmiSwap<\/b><br \/>\n        <br \/>EmiSwap (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=98epByanJeWs29ojraEPJ8URNoEYxpXkdqMew1Ja2YrJdD4vGu6qH_LsyZEw_sRo6DOVF7zwthaNDq9ihbZx_w==\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/emiswap.com<\/a>) is the first community-governed decentralized exchange (DEX) that provides high rewards for liquidity providers (LPs) and offers 100% compensation for Ethereum\u2019s transaction fees in $ESW governance tokens. EmiSwap is a decentralized autonomous organization (DAO) in which $ESW token holders vote to govern the developments of the platform. Participants will be rewarded daily based on their trade volume and will have exclusive opportunities to collect EmiSwap\u2019s limited edition NFT cards. EmiSwap is the first project in the EmiDAO alliance which includes Alpha Sigma Capital, DigiFinex Exchange, Bitmart Exchange, Emirex Exchange, HollaEx Exchange, IDCM Exchange, and Everest Group.<\/p>\n<p \/>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNDM1NiM0MTQxMTAxIzUwMDA3OTY0Nw==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/507017e8-3403-4cc1-848e-c8fa70534d28\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Media Contact: Transform Group, emiswap@transformgroup.com\r\nCompany Contact: alliance@emirex.com \r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>EmiSwap, designed to provide high rewards for liquidity providers pays 100% of Ethereum\u2019s trading fees in $ESW governance tokens for any activity UAE, April 27, 2021 (GLOBE NEWSWIRE) &#8212; (via Blockchain Wire) &#8211;\u00a0EmiSwap (https:\/\/emiswap.com), the first community-governed decentralized exchange (DEX) to provide high rewards for liquidity providers (LPs), today announced the successful raise of $1.4 million US in seed funding for its $ESW token. Offering 100% compensation for Ethereum\u2019s transaction fees, EmiSwap is a truly decentralized autonomous organization (DAO) that incorporates a variety of solutions for decentralized finance (DeFi), allowing users to benefit from every single transaction in a few easy steps. EmiSwap kicked off its private sale earlier this week to provide further opportunity for investors who couldn\u2019t participate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-482220","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"EmiSwap, designed to provide high rewards for liquidity providers pays 100% of Ethereum\u2019s trading fees in $ESW governance tokens for any activity UAE, April 27, 2021 (GLOBE NEWSWIRE) &#8212; (via Blockchain Wire) &#8211;\u00a0EmiSwap (https:\/\/emiswap.com), the first community-governed decentralized exchange (DEX) to provide high rewards for liquidity providers (LPs), today announced the successful raise of $1.4 million US in seed funding for its $ESW token. Offering 100% compensation for Ethereum\u2019s transaction fees, EmiSwap is a truly decentralized autonomous organization (DAO) that incorporates a variety of solutions for decentralized finance (DeFi), allowing users to benefit from every single transaction in a few easy steps. EmiSwap kicked off its private sale earlier this week to provide further opportunity for investors who couldn\u2019t participate &hellip; Continue reading &quot;EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-27T12:03:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNDM1NiM0MTQxMTAxIzUwMDA3OTY0Nw==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees\",\"datePublished\":\"2021-04-27T12:03:59+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\\\/\"},\"wordCount\":711,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIyNDM1NiM0MTQxMTAxIzUwMDA3OTY0Nw==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\\\/\",\"name\":\"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees - 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Offering 100% compensation for Ethereum\u2019s transaction fees, EmiSwap is a truly decentralized autonomous organization (DAO) that incorporates a variety of solutions for decentralized finance (DeFi), allowing users to benefit from every single transaction in a few easy steps. EmiSwap kicked off its private sale earlier this week to provide further opportunity for investors who couldn\u2019t participate &hellip; Continue reading \"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-27T12:03:59+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNDM1NiM0MTQxMTAxIzUwMDA3OTY0Nw==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees","datePublished":"2021-04-27T12:03:59+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/"},"wordCount":711,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIyNDM1NiM0MTQxMTAxIzUwMDA3OTY0Nw==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/emiswap-raises-1-4-million-in-seed-first-to-refund-ethereums-gas-fees\/","name":"EmiSwap Raises $1.4 Million in Seed: First to Refund Ethereum\u2019s Gas Fees - 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