What is Poof Token ($POOF)?
$POOF is the utility token on Ethereum of Houdini Swap which is a service that anonymizes blockchain transactions using Monero as a tunnel between exchanges. By using Monero, Houdini Swap breaks any on-chain link between sender and receiver.
Houdini Swap aims to bridge the inherent disconnect between public blockchains and the individual's right to privacy. As blockchain continues to become integrated into the traditional financial ecosystem, the idea of paying for services with crypto and exposing your on-chain wallet history to the public is unacceptable. Privacy is security.
Token holders will have the ability to earn back swap fees, referral and staking rewards and other incentives.
- To enter into the Houdini Swap loyalty program, swap users must stake their $POOF tokens for varying amounts of time. The longer the staking period and the more that is staked, the larger the swap fee rebates for the user to claim.
- As an incentive for users to onboard new participants to the Houdini Swap platform, users will also be able to generate additional $POOF tokens via the Houdini Swap referral program.
- Each user will be able to generate a unique account ID and a referral link which can be shared with others. By using this link or ID, swaps will be attributed to the referrer, and they will be able to earn more $POOF.
- With the staking and referral elements of the platform, Houdini Swap aims to reward existing Houdini Swap users and incentivize social sharing to introduce the platform to new users.