Coinage is an automated market-making (AMM) decentralised exchange (DEX) for the Binance, Polygon and Ethereum network. More networks will be available soon.
Coinage($CAGE) is the first decentralised application launched in the Floshin Ecosystem. $CAGE will be available to trade on Binance Smart Chain, Polygon and Ethereum Network.
Coinage is an Automated market maker (AMM) allowing digital assets to be traded and automatically by using liquidity pools instead of a traditional market of buyers and sellers. On a traditional exchange platform, buyers and sellers offer up different prices for an asset.
Each transfer of $CAGE has a 4% transaction tax. From this 4% tax, 1.5% is added to the liquidity pool through the contract automatically to raise the price floor continuously, 1.5% is sent to burn address to reduce the circulating supply which will make $CAGE deflationary and 1% is used for the development and growth of Floshin Ecosystem.
A 2% fee is charged on Floshin staking and a 4% fee for all others. This fee is used in the marketing and development of Coinage.
With Coinage trading, investors will be able to trade on multiple exchanges on multiple chains on a single platform. Coinage has built-in instant exchange integration, where any exchange from the supported network can be added within minutes. This will give a wider market reach for traders and investors.
Full audit report will be available soon.