Topic: KittySwaps.org: A Uniswap for ERC1155 NFTs (Read 126 times)

We're now into the biggest stories of Q3. The months July through September were a return to big announcements after the usual quiet of summer. This is the time we typically see Apple's big iPhone event, but in 2020 that was pushed back into Q4 for the first time in a decade.

Samsung, on the other hand, delivered on its usual Galaxy Note unveil. The Galaxy Note20 and Note20 Ultra became official, but it was the Ultra that held everyone's attention. A new 4x optical zoom camera and a 120Hz adaptive refresh rate screen. The 108MP sensor got equipped with a laser autofocus module to fix the focus issues that plagued the S20 Ultra, and the S Pen was faster than ever with an instantaneous 9ms latency making it feel as if you write on paper.

It is not! You can withdraw all from https://old.kittyswaps.org/, we have official announcement posted to Telegram.

Looks like rugged.
Staking reward stopped. Staked LP no longer accessible

Kittyswaps is a fork of Uniswap, a protocol for automated token exchange on Ethereum. While Uniswap is for trading ERC-20 tokens, Kittyswaps is a protocol for ERC-1155 tokens. Both are designed to favor ease of use and provide guaranteed access to liquidity on-chain.

Most exchanges maintain an order book and facilitate matches between buyers and sellers. Kittyswaps smart contracts hold liquidity reserves of various tokens, and trades are executed directly against these reserves. Prices are set automatically using the constant product $x*y = K$ market maker mechanism, which keeps overall reserves in relative equilibrium. Reserves are pooled between a network of liquidity providers who supply the system with tokens in exchange for a proportional share of transaction fees.

An important feature of KittySwaps is the utilization of a factory/registry contract that deploys a separate exchange contract for each ERC-1155 token contract. These exchange contracts each hold independent reserves of a single fungible ERC-1155 currency and their associated ERC-1155 token id. This allows trades between the Currency and the ERC-1155 tokens based on the relative supplies.

How many tokens do you know about ERC1155 NFTs ?
Does it need a specialised platform ?

Don't expect devs to be here in this board and see your topic then go check the code github. You are making the poorest promotion for a project that should be the greatest as you describe it.

Bitcointalk community would support your effort if you describe the project from an objective perspective. This topic is mainly describing the bonus/supply system. 

1.What is Kittyswaps?
Kittyswaps is an AMM swap forking from Uniswap. Uniswap is for trading ERC-20 tokens, while Kittyswaps is a protocol for ERC-1155 tokens.
Source Code: https://github.com/kittySwaps/kittySwaps(Under Development)
KittySwaps: KittyswapsExchange.sol
Protocol Specification: SPECIFICATION.md

2.What is bonus period & bonus multiplier?
Bonus Period: From block height 11,200,000 to 12,000,000.
How many days is Bonus Period: 125 days.
Bonus Multiplier: 3.0 (In bonus period, you can get 3 times KITTYs.)

3.What is Threshold Strategy?
Threshold Strategy: When the overall liquidity(Measured in ETH) is too low for KITTY/ETH KITTY-LP Pool, a Threshold is applied to limit the mining rate. Threshold Strategy is designed to incentivize bigger liquidity providers and make the distribution of KITTYs fair. And Threshold can only be changed after new liquidity is maintained for over 48 hours.

Why Early Birds Win: Early birds mine much longer than whales at early stage.

Why Whales Win: Whales mine more KITTYs if more liquidity is provided.

Why KITTY is valuable and Threshold strategy is a Win-Win: It’s impossible to mine a lot of KITTYs without liquidity. In other words, one can mine a lot of KITTYs only if KITTY is valuable and there is enough liquidity.

Threshold strategy:

0 ETH ~ 10 ETH Total Liquidity: Threshold 1, Mining rate 1%

10 ETH ~ 100 ETH Total Liquidity: Threshold 5, Mining rate 5%

100 ETH ~ 200 ETH Total Liquidity: Threshold 10, Mining rate 10%

200 ETH ~ 300 ETH Total Liquidity: Threshold 20, Mining rate 20%

300 ETH ~ 400 ETH Total Liquidity: Threshold 30, Mining rate 30%

400 ETH ~ 500 ETH Total Liquidity: Threshold 40, Mining rate 40%

500 ETH ~ 600 ETH Total Liquidity: Threshold 50, Mining rate 50%

600 ETH ~ 700 ETH Total Liquidity: Threshold 60, Mining rate 60%

700 ETH ~ 800 ETH Total Liquidity: Threshold 70, Mining rate 70%

800 ETH ~ 900 ETH Total Liquidity: Threshold 80, Mining rate 80%

900 ETH ~ 1000 ETH Total Liquidity: Threshold 90, Mining rate 90%

1000 ETH and above Total Liquidity: Threshold 100, Mining rate 100%

4.How many KITTYs are spawned per HOUR?
Notice Note that a Threshold can be applied to all the following mining rate.
In bonus period, there are 3 KITTYs spawned per hour(72 KITTYs per day).
KITTY/ETH UNI-LP pool spawns 10 times KITTYs(15 KITTYs) every day.
After bonus period, there is only 1 KITTY spawned per hour(24 KITTYs per day).

5.What is the totalsupply of KITTYs?
At 1st year, there are only 14,952 KITTIES spawned.
Calculations: 24 x 3 x 129 + 24 x 1 x (365–129) = 14952 KITTYs
Dev allocation: only 10%

6.What is KittyCat NFTs and how can I get it?
KittyCats are extremely rare NFTs.
NFTs(non-fungible tokens) represents collectibles with limited edition.
For each KITTY token you have, you can collect a limited edition of KittyCat NFT.
KittyCat NFTs can be traded in markets like opensea.

https://KittySwaps.org/