MiQiSwap will create a new cross-chain decentralized exchange protocol, connecting various public chains to enable the free exchange of assets across these chains. MiQiSwap serves as the medium for value exchange between different public chains. MiQiSwaps cross-chain decentralized exchange protocol will facilitate cross-chain transactions on all public chains. This is a fully decentralized trading platform that automatically and swiftly connects with other public chains through MiQiSwaps space nodes. The space nodes automatically re-sign the address, enabling transactions on MiQiSwap. All transactions occur on-chain and cannot be tampered with or reversed.
MQ is a deflationary economic token, with 12% of tokens deducted during on-chain transfers (6% burned, 5% liquidity mining rewards, 1% to the sustainable development foundation). Once the total supply is reduced from 33 million tokens to 33,000 tokens through burning, no further tokens will be destroyed upon transfer. Stakers providing liquidity can earn a portion of MiQiSwaps transaction fees. The fee-based liquidity mining rewards include those from the initial Ethereum Swap, Polkadot Swap, and later-developed cross-chain Swaps.