# MintSwap

> MintSwap is a DEX and NFT marketplace on the Mint blockchain, offering token trading, NFT trading, and NFTFi functions for Web3 users.

- Canonical URL: https://iq.wiki/wiki/mintswap
- Categories: Exchanges & Marketplaces
- Tags: DEX, NFT
- Created: 2024-09-03T10:50:35.894Z
- Last updated: 2024-09-11T01:53:46.650Z
- Source: IQ.wiki — the world's largest blockchain and crypto encyclopedia (https://iq.wiki)

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**MintSwap** is a [DEX](https://iq.wiki/wiki/decentralized-exchange) (Decentralized Exchange) and [NFT](https://iq.wiki/wiki/non-fungible-token-nft) marketplace that operates natively on the Mint blockchain[\[4\]](#cite-id-eqmapwp36be), providing token DEX, NFT trading, and NFTFi functions for [Web3](https://iq.wiki/wiki/web3) users. [\[1\]](#cite-id-jfjejvd43gn)[\[2\]](#cite-id-27f6j9fn2mu)  
  
# Overview  
  
MintSwap is the first native [DeFi](https://iq.wiki/wiki/defi) protocol and native DeFi protocol and NFT marketplace on Mint Blockchain for Mint-native teams and tokens to build on. MintSwap integrates the lifespan of a token into one protocol. [\[3\]](#cite-id-sieif7xmir)  
  
For developers, MintSwap supports exclusive fair launch mechanics and token management tools built for general users, MintSwap supports advantageous yield and LP opportunities, built-in social and analytic features, and an efficient trading experience. [\[3\]](#cite-id-sieif7xmir)  
  
# Core Features  
  
## Token Dex  
  
Launched in June 2024, MintSwap’s DEX, derived from the [Uniswap V3](https://iq.wiki/wiki/uniswap) Protocol, is a peer-to-peer system for exchanging [cryptocurrencies](https://iq.wiki/wiki/cryptocurrency) ([ERC-20](https://iq.wiki/wiki/erc-20) Tokens) on the Mint blockchain. The DEX supports features such as AMM ([automated market makers](https://iq.wiki/wiki/automated-market-maker)) to enable on-chain trades of utility and governance tokens without interfacing with an order book, Concentrated Liquidity which allows [liquidity providers](https://iq.wiki/wiki/liquidity-providers) to focus their capital within specific price ranges, and Swaps. [\[3\]](#cite-id-sieif7xmir)  
  
## NFT Marketplace  
  
Also launched in June 2024, the NFT marketplace of MintSwap is designed as a decentralized on-chain system for exchanging [NFTs](https://iq.wiki/wiki/non-fungible-token-nft) on Mint Blockchain. [\[3\]](#cite-id-sieif7xmir)  
  
This contains On-chain Orders whereby MintSwap stores NFT exchange orders directly on the Mint Blockchain, making listings and bids easily accessible. [\[3\]](#cite-id-sieif7xmir)  
  
Supported Tokens for trading, listing, buying, etc. include NFTs of [ERC-721](https://iq.wiki/wiki/erc-721), [ERC-1155](https://iq.wiki/wiki/erc-1155), and [ERC-404](https://iq.wiki/wiki/erc-404). Payments of [ETH](https://iq.wiki/wiki/ether-eth) or [ERC-20](https://iq.wiki/wiki/erc-20) tokens are supported when listing NFTs, while only ERC-20 tokens are supported when making biddings at this stage. [\[3\]](#cite-id-sieif7xmir)  
  
# MS404 & MST  
  
MS404 ($MST) is MintSwap's unique native asset, built on the [ERC-404](https://iq.wiki/wiki/erc-404) standard and launched in July 2024. This protocol combines the characteristics of [ERC-20](https://iq.wiki/wiki/erc-20) tokens and [ERC-721](https://iq.wiki/wiki/erc-721) NFTs which encourages ownership, trading, and utility within the MintSwap & Mint ecosystem. [\[6\]](#cite-id-qm2i8bf8u39)  
  
The MS404 collection consists of 10,000 unique NFTs with a fixed supply and no future issuance planned. Each MS404 NFT can be converted into 10,000 $MST tokens, the native currency of the MintSwap platform, ensuring a granular and flexible system for trading and utilizing these assets.   
60% of the total supply was allocated to MintSwap mining rewards, 30% to Pre-sale, and 10% to Initial liquidity. [\[6\]](#cite-id-qm2i8bf8u39)  
![Screenshot 2024-09-03 110658.png](https://ipfs.everipedia.org/ipfs/QmXK3HYCZ5VfEt8b7UqfjUAtSVQMCicEnEyoCsbFANpB2s)  
  
## Utility  
  
### Stake to Earn  
  
By [staking](https://iq.wiki/wiki/staking) MS404 NFTs, users can earn a share of all trading fees generated within the MintSwap NFT Marketplace. This means that 100% of the NFT trading fees are returned to MS404 holders. [\[8\]](#cite-id-hcb2g078a0j)  
  
### $MINT Airdrop from Mint Blockchain  
  
As the first DEX and NFT Marketplace on Mint, MintSwap got full support from Mint Blockchain. MS404 holders are eligible to receive $MINT [airdrops](https://iq.wiki/wiki/airdrop) from the Mint Blockchain, providing additional value and potential for future rewards. [\[8\]](#cite-id-hcb2g078a0j)  
  
### Governance Rights  
  
MS404 holders can participate in MintSwap governance, shaping the future direction of the platform through voting and proposals. [\[8\]](#cite-id-hcb2g078a0j)