Beethoven is a pretty famous symphony that everyone must have heard of, right? But the topic I write in this article is not it, in this article I will introduce you to the AMM platform called Beethoven X.

What is Beethoven X?

Beethoven X (BEETS) is a next generation Automated Market Making (AMM) protocol on top of Fantom Opera, built on top of Balancer V2. Beethoven X’s goal is to be a one-stop decentralized investment platform on Fantom.

Features of Beethoven X

More than just an AMM with simple features:

• Swap: swap tokens.
• Liquidity Pool: provides liquidity.

Beethoven X is also equipped by the developer team with some other features such as:  Farm,  Stake, and  Liquidity Boostrapping Pools.

Highlights of Beethoven X

Built on the basis of Balancer V2, so Beethoven X inherits most of the outstanding features such as:

• Automated portfolio management system.
• Allows the community to create their own Pools.
• Weighted Pools: Unlike pools in other DeFi protocols that only provide 50/50 weights, Beethoven X’s Weighted Pools allows a pool to hold up to 8 different tokens and the ratio of these tokens can be customized. correction.
• Stable Pools: are Pools for some less volatile assets like stablecoins. Pools allow for large transactions to be made on this asset class in a stable manner before experiencing price fluctuations.
• Trade efficiently by pooling liquidity from investors’ portfolios and using Smart Order Router (SOR) to give traders the best rates available.
• Allows projects to launch tokens and release them to the community on a fair basis using Balance’s Liquidity Boostrapping Pool (LBP) method. This tool helps projects solve initial liquidity problems, stabilize token prices, and prevent bots and whales from acquiring large amounts of tokens.
• fBEETS holders can participate in a biweekly review vote to decide which 30% incentives are awarded to Pools.

Similar projects

A few other similar AMM projects:  Balancer,  SpookySwap,  SpiritSwap,…

Roadmap

Phase 1.0 (complete)

• Launch of the Beethoven X . app
• Run self-balancing Lp groups
• Run optimally for new profits
• Launch token $BEETS
• Launch pools created by the community

Phase 2.0

• Protocol fee distribution mechanism (complete)
• Protocol Analysis Console (complete)
• LBP Service (complete)
• Launch of Trade, Invest, Portfolio, Bridge (complete)
• Partnerships
• Community activities
• Brand Story
• NFTs

Team

The project does not publicize any information about their Team.

Investors

The project allocates tokens in a fair form (Fair Launch), so there are no investors.

Tokenomic

Token Use Cases

BEETS is the native token of the protocol and is used to:

• Stake BEETS will receive fBEETS, fBEETS holders get to share 30% of the protocol revenue and have the right to participate in Beethoven X’s DAO governance.
• Rewards for farming Pools.

Basic information about BEETS token

• Token Name: Beethoven X
• Ticker: BEETS
• Blockchain: Fantom
• Standard: FRC20
• Contract: 0xf24bcf4d1e507740041c9cfd2dddb29585adce1e
• Token Type: Utility, Governance.
• Total Supply: 250,000,000
• Circulating Supply: 70,700,859

Token Allocation

BEETS has a maximum total supply of 250,000,000 tokens, distributed as follows:

• Farm Emissions: 68%
• Vested Team Fund: 13%
• Treasury: 10%
• Strategic Partnerships: 7%
• Liquidity Boostrapping Pool: 2%

Socials

Website: https://www.beethovenx.io/

Twitter: https://twitter.com/beethoven_x

Github: https://github.com/beethovenxfi

Medium: https://beethovenxio.medium.com/

Discord: https://discord.gg/jedS4zGk28

Final thoughts

Beethoven X  is a new generation AMM on Fantom and inherits most of the outstanding features of the Balancer.

The above is all information that  CryptoChill Team  has researched about the  Beethoven X  project, and this is not investment advice. Hope this article will help you get the necessary information and give your personal opinion about the project.