Hello Astar Community! My name is Kovan and I am the founder of AGS Finance and also the Alter Grimace Society NFT collection. We would like to apply for Astar Network’s builder’s program as we look to build the biggest Defi ecosystem on Astar Network.
AGS Finance is a DEX/AMM operating at the lowest fee of 0.17% on Astar Network. We have implemented a unique feature that is not commonly seen in many DEX/AMM but is highly effective.
Protocol owned liquidity, but with a twist, how this works is that for every trade a 0.17% trade fee is imposed ( cheapest on Astar ). 0.06% goes to the protocol owned liquidity, to build strong liquidity for the protocol.
So let’s say, for example, a user swaps from USDC to ASTR, the pair involved in this swap is ( ASTR-USDC ), the 0.06% trade fee goes to the AGS Finance dex in the form of ASTR-USDC LP, therefore ensuring that AGS Finance, in the long run, will have the strongest liquidity pool on Astar, as this minimizes the effect of users removing their LP on AGS Finance Dex.
Moving forward, we are more than just a DEX/AMM, we are looking to build an efficient Defi ecosystem on the Astar network around the Alter Grimace Society NFT, with AGS Finance being the gateway to all new protocols that we will be launching!
We have 3 protocols planned for launch after we have successfully completed our IDO for AGS Finance.
- AGS Finance Launchpad ( Open To Public )
- NFT Marketplace ( Integrated Onto AGS Finance )
- Yield Optimizer Protocol
With these protocols set to launch after we complete our IDO, we will bring many utilities to our native token $AGS and also bring new ways for users to make money on Astar Network.
We are also looking to bring in TVL from other chains, how we plan to do so is through advertising a new Defi ecosystem that’s growing on Astar! I believe that many would jump at the prospect of participating in a new and early Defi ecosystem that has already proven itself by developing amazing dApps. Through this, I believe we can get many users to bridge in from other networks like BSC, Polygon, etc.
Now let’s talk about Alter Grimace society ( our NFT collection ), there are certain unique utilities that come with owning the Alter Grimace NFT.
- Boosted Farming On AGS Finance
- Launchpad Access ( For each project launched on the AGS Finance launchpad, the project will be required to allocate a percentage of the tokens for us to distribute to Alter Grimace NFT holders )
- Stake Alter Grimace NFT earns tokens
- Exclusive alpha group, where we share information about the project there before anywhere else.
That’s just a short overview of how the Alter Grimace ecosystem, could play a huge part in the Astar network, for more in-depth documentation about each utility/feature we mentioned, do feel free to read our medium/docs or drop me a message on telegram @AlterKovan
AGS Finance dApp
Kovan ( Founder/Smart Contract Dev )
Works on smart contract development for AGS Finance. Previously worked on smart contracts for https://bankswap.crobank.net/.
Azuki ( Lead Developer )
Works on dApp development for AGS Finance. Previously worked on projects such as https://radar.global/.
Pratakosong ( Core Mod/ Marketer )
Works on marketing campaigns and strategies for the AGS Finance project. He was one of the mods in hapebeast and has worked as a mod for many prominent NFT projects
Pastor ( Head Of Biz Dev )
Works on securing partnerships for the AGS Finance project and also thinking of creative ideas on how we could expand our developments
Reivax ( NFT Artist )
Designs our Alter Grimace NFT collection. Specializes in creating 2D NFT.
- AGS Finance DEX/AMM Launch ( Completed )
- AGS Finance Launchpad Launch ( Completed )
- IDO Completed & Filled ( In Progress )
- TVL hits 1 Million ( In Progress )
- TVL hits 5 Million ( In Progress )
- TVL hits 10 Million ( In Progress )
- Accepted Into Astar Builders Program
Short & Sweet Roadmap
500,000,000 $AGS ( Max Supply )
1% (5,000,000 AGS ) for Launchpad Offering
9% (45,000,000 AGS )** will be used for partnerships ( Marketing / CEX Listings etc. , vested over 24 months )
10% (50,000,000 AGS )** will be used for development ( Vested Over 48 months )
80% (400,000,000 AGS )** will be allocated to community members
85% can be earned by staking LPs on yield farms
15% can be earned by single AGS pool staking
- 50 AGS Per Block
- Until Max Farming Supply Is Hit ( 400,000,000 AGS )
Forked From PancakeSwap
AGS Auto Staking:
Astar Network’s Builder Program
IDO Completed - 5K In ASTR ( Solely For LP Pairing )
TVL Hits 1 Million - 2K in ASTR ( For Development, Vested )
TVL Hits 5 Million - 4K in ASTR ( For Development, Vested )
TVL Hits 10 Million - 7.5K in ASTR ( For Development, Vested )
Every Launchpad Offering - $500 in ASTR ( For Development, Vested )
The numbers stated above are just my expectations, they can be rediscussed.
Thank you for taking the time to read this proposal, I really hope we can be part of Astar Network’s builder program and expand the Astar ecosystem by building creative dApps to enhance the network.