Miso's Competitive Advantage
Q67. Create a visual document outlining the below facts about Miso, the new addition to the Sushi menu: - What is Miso and what problems does it solve? - Why should users use Miso? - What are the alternatives out there for Miso? - How is Miso going to do it differently from its competitors?
Abstract
Sushi is a community-driven decentralized exchange platform that lets users vote on ecosystem growth projects. Sushi's DeFi network is responsible for generating safe, passive revenue for billions of dollars in idle assets. MISO will enable token minting and discovery via Sushi.
What is Sushi's MISO and how does it work?
Miso is a complete package that encompasses everything from token production to funding. You may create an ERC20 token by selecting the maximum supply, circulating supply, and whether or not the token should have a MINT function. There's also the "Farm Produce" option, which lets you use the token to create farming pools right now.
What issues does it address?
Smart contract software that is free and open source. The Miso was created to make the process of establishing a project on the SushiSwap market as simple as possible. SushiSwap will increase its desirability for token developers and communities to establish new projects by using MISO to attract fresh funding and trade. SushiSwap would aim to build a launchpad for both technical and non-technical project founders in order to provide seamless and rapid deployments to SushiSwap. As a result, MISO's creators decided to include several capabilities that weren't initially planned.
MISO provides a set of ready-to-use smart contracts for token launch that may be utilized instead of more conventional techniques by non-technical founders. The choice of an initial offering, a vault, and a farm will be suited to the customer's needs when launching a token. The MISO capability will assist SushiSwap by making it simpler to issue new coins and link them to fresh liquidity.
This set of contracts, known as "ingredients," is divided into five sections:
• Tokens: Project token possibilities Fixed supply, mintable, and sushi tokens are examples of token kinds.
• Initial Token Offering Market-Contracts You may choose between Crowdsale, Dutch, or Batch auctions, as well as how you want to handle participation.
• Liquidity: Set a part of the cash received to build a new SushiSwap pool and migrate with confidence.
• Fermentation: Options for keeping (and releasing) tokens over time, including vaulting and escrow.
• Users may cultivate Produce-Fresh tokens in exchange for prizes.
Why should Miso be used by users?
Miso may be used for the following three market kinds that are available on MISO:
- Crowdsale
Projects have direct influence over the token price in a typical crowd sale.
- Dutch Auction
The market determines the token price in Dutch auctions. They're also known as "inverted" auctions since they start out high and then steadily lower as time goes on. Users may set their own pricing for token sales in this kind of auction, with the final token price established only after all tokens have been issued.
- Batch
Batch token sales, on the other hand, distribute tokens based on how much each user contributed to the pool. The token price is determined by the amount of money gathered at the end of the auction.
What other Miso options are there?
MISO by Sushi's smart contracts are easy and have previously been audited, so you don't have to be concerned. Sushi intends to make this project multi-chain as soon as feasible, but for the time being, the token will only operate on Ethereum. IDO lets you to accept just addresses on whitelists to make the fundraiser even more restrictive. In such circumstances, a timer may be established to alert specified addresses when their transactions must be completed in order to stay in the IDO. In addition to Fixed Supply and Mintable tokens, Sushi permits forks of its governance token!
You can always see how much money has been collected at any given time and how long the auction will run on the IDO page, so you know how many investors are interested in a project at any one time. The information is critical for a project's success, since most well-designed projects achieve their aim in seconds or minutes, whilst less intriguing ventures fail to achieve their purpose entirely.
How will Miso differentiate itself from its competitors?
Miso, unsimilar most of its rivals, provides a whole package that encompasses everything from token creation to final funding. You may create an ERC20 token by setting the quantity of circulating tokens, the maximum supply, if it should have a MINT function, and so on using the "Tokens" option. Then there's "Markets," which lets you choose whether to run a single-stage or multi-stage fundraising campaign. To earn the confidence of their token holders, token issuers may opt to construct a Sushi liquidity pool after their IDO has expired. Instead, "fermentation" will operate as a token vault or escrow, letting tiny quantities to be given without generating a massive dump. Using the "Farm Produce" option, you can also build farming pools with a single click. It's a fantastic idea, in my view, since it allows you to launch your token without knowing a single line of code!
You don't have to worry about MISO by Sushi's smart contracts since they are simple and have already been examined. Sushi intends to make this project multi-chain as soon as feasible, but for the time being, the token will only operate on Ethereum. IDO lets you to accept just addresses from whitelists to make the fundraiser even more limited. In such circumstances, a timer might be established to alert certain addresses when their transactions must be completed in order for them to stay in the IDO. In addition to fixed supply and mintable tokens, Sushi permits forks of its governance tokens!
Overview
1- MISO ingredients are built on open-source smart contracts that have been verified by a number of organizations. Only small discrepancies exist across industry-wide smart contract standards.
2- MISO offers project managers with hassle-free smart contracts, a simple user interface, and a number of customizable launch options from the start.
3- MISO's integrated platform will provide projects with a flood of new options that they would not have had access to otherwise when designing their launch contracts and campaigns.