Mew-O DEX Mechanism

Mew-O DEX is a platform that includes many Liquidity Pools that users, projects, or artists add, and Creators. These Pools can be different pairs like NFT of project A with APT or pair of project B with SUI... The number of Pools available in our DEX depends entirely on the number of NFT projects available in the market. As well as user needs. However, for the number of Pools to be unified so that users can provide liquidity in a centralized manner, creating unity of the system and the efficiency of the DEX, we will limit the number of pairs and methods. User retails pair pool creation method, support NFT project owners, Artists, and Creators to create Pool on our DEX.

Mew-O DEX is entirely different from the current NFT AMM when it still supports Artists, Creators, and NFT project owners who receive Royalty fees from transactions on the DEX. However, to balance users' interests, the number of Royalties will be reduced to facilitate DEX users.

Mew-O NFT DEX Mechanism

Mew-O DEX Mechanism

Mew-O DEX works: helping NFT traders save their costs, Helping NFT Holders have an additional source of passive income through farming in the DEX Liquidity Pool, helping Artists and Creators not lose escape the source of income when users perform decentralized transactions, helping to keep the NFT collection liquid.

How Mew-O works: NFT Holders deposits NFT and APT into our Pool and earn the same amount of LP. Every time NFT Traders execute buy and sell orders, the order will be transferred to Pool's smart contract. After the Smart contract processes the order, the asset of that purchase or sale order is pushed into the Pool. The pool will return the same amount of assets at that bid/ask price, and the value is equalized according to the formula x*y=k, Linear Bonding Curve, or Exponential Bonding Curve (depending on which formula the pool chooses). When making transactions for NFT traders, the smart contract will automatically recognize buy or sell orders to charge the appropriate fees.

• Buy order: only charged transaction fees

• Sell order: charged both transaction Fees and Royalties.

After the fees are charged, they will be sent back according to the pre-installed smart contract. Transaction Fees will be sent to Liquidity Providers (NFT holders) to reward farming liquidity. Royalties will be paid to the wallet of Artists, Creators.

By this mechanism, the liquidity of the collection will always be available, and for the trader to be able to capture the parameters of the NFT set that they are trading.