MojitoSwap is a KCC-based, decentralized exchange (DEX), has been officially launched. MojitoSwap users can trade on the platform starting October 15, 2021. MojitoSwap was developed by members of the KCS community. It aims to provide easy access to KCC DeFi. Incentives for early adopters will include 1 million MJT coins being distributed along with MojitoSwap’s launch.

Numerous DeFi apps have been created to satisfy the increasing demand from investors and developers as a result of the growth of crypto markets. Leading DEXes such as PancakeSwap have achieved significant milestones, thanks to the popularity of public chains that are backed by major crypto exchanges. PancakeSwap was the DEX protocol built upon BSC and surpassed UniSwap as the most popular decentralized exchange. MojitoSwap has committed itself to being the next generation DEX using the KCC ecosystem.

MojitoSwap’s initial launch will see 1 million MojitoToken tokens drop. MojitoSwap’s native token is MJT. It has a supply total of 100,000,000. MJT can be used for utility or governance purposes. MJT holders can not only participate in liquidity mining or lending for profits, but they also have the right of the future governance and Mojito DAO.

MojitoSwap says there will be two rounds total of airdrops. On October 9, 2021, the first round was launched. Participation is open to users who made at least one transaction on KCC in the time period before block height 2,080,000. Airdrops will be available for up to six months.

From October 19, 2021, the second round will begin. KCS holders that have reached a specific number of tokens within their KCC wallet between the hours of 00:00:00 and 00:00:00 (UTC), can join. After the snapshots are taken, Airdrops can be announced in 7 days. More information can be found on the MojitoSwap official site.

MojitoSwap is planning to launch many functions over the next months.

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