❓FAQ

Frequently asked questions about GiroSwap

What is GiroSwap❓

GiroSwap is the first community-driven, multi-protocol platform and first supports dynamic NFT AMM built on the Sui ecosystem, addressing the "liquidity problem" of NFTs and Tokens through a dual AMM (Automated Market Maker) approach. Using the AMM model to solve liquidity issues has become a popular trend and a proven method in the entire crypto market. GiroSwap aims to create a broader network effect by intertwining various decentralized markets and tools, injecting more liquidity into the market.

What is dual AMM❓

Dual automated market maker (AMM) are a type of DEX that use algorithmic “robots” to make it easy for individual traders to buy and sell crypto assets, such as NFT and token.

What is a pool❓

A pool is an assets liquidity pool, usually it contains 2 kinds of assets allowing users to exchange between two assets, such as the pool with GiroSwap Genesis NFT Pass/$GIRO assets. All GiroSwap Genesis NFT Pass holders can swap them for $GIRO, and the reverse is also true. Anyone can provide liquidity on GiroSwap via their own assets.

What is Add Liquidity❓

Adding liquidity on GiroSwap refers to the process of depositing pairs of assets into a liquidity pool. When you add liquidity, you typically contribute an equal value of two different tokens to the liquidity pool, such as $GIRO/$SUI. The assets you contribute are used to fulfill trading orders and provide liquidity for other users who want to buy or sell the tokens in the pool. In return for providing liquidity, you'll earn $GIRO and $SUI after removing liquidity.

What is an NFT AMM❓

An NFT AMM is the decentralized alternative to centralized NFT marketplaces such as Blur and Opensea. As opposed to a bid-and-buy model it utilizes liquidity pools with which anyone can interact. Aside from buying and selling NFTs, traders and web3 projects can create their own liquidity pools to receive LP earnings and provide maximum NFT liquidity.

What is GiroSwap Genesis NFT Pass❓

GiroSwap Genesis NFT Pass is a pass specially designed for early supporters of GiroSwap, aiming to provide them with unique privileges and benefits. The Genesis NFT Pass is a dynamic NFT that is interconnected with the platform's scoring system. It evolves and changes in appearance and functionality as users' scores progress. Whenever a user's score reaches a certain milestone, the Genesis NFT Pass upgrades, presenting a completely new look and enhanced features. By owning the Genesis NFT Pass, users can enjoy multiple perks.

What is dynamic NFT❓

Dynamic NFT is a Non-Fungible Token with encoded smart contract logic that enables it to automatically change its metadata based on external conditions. For example, GiroSwap Genesis NFT Pass is a type of dynamic NFT. Its appearance changes with the level and holders also enjoy different privileges.

What is the benefit of using GiroSwap for NFT trading❓

GiroSwap offers several benefits for NFT trading, including increased liquidity, seamless transactions through the AMM model, access to multiple decentralized markets and tools within the platform, and the ability to participate in staking and liquidity mining programs to earn additional rewards.

How can I participate in GiroSwap's NFT staking program❓

To participate in GiroSwap's NFT staking program, you need to own the GiroSwap Genesis NFT Pass. By staking your Genesis NFT Pass, you can earn additional rewards, such as higher staking yields and enhanced liquidity provider rewards.

Can I provide liquidity to the GiroSwap platform with my own NFTs❓

Yes, GiroSwap allows users to provide liquidity to the platform using their own NFTs. By adding your NFTs to the liquidity pools, you can contribute to the overall liquidity of the platform and earn rewards in return.

How can I access exclusive airdrops as a Genesis NFT Pass holder❓

As a Genesis NFT Pass holder, you will have the privilege of accessing exclusive airdrops offered by GiroSwap. These airdrops provide additional rewards and benefits for holding the Genesis NFT Pass.