What is CrossSwap?
CrossSwap (CSWAP) is a decentralized exchange (DEX) that empowers users to trade on multiple blockchains seamlessly. It is a platform designed to enable users to exchange or transfer cryptocurrencies from one platform to another without affecting their experience. Partnering with BlueZilla, the DEX aims to address the crypto exchange and transfer challenges faced by blockchain projects during launch. CrossSwap's goal is to enable projects to pre-add liquidity, schedule a launch time, review data, and make edits before launching.
Liquidity is the ability of an asset to convert into real-world economic value without affecting the market, and the platform allows projects to pre-add liquidity for security purposes. Furthermore, CrossSwap employs an anti-sniping feature that enables projects to design their own whitelists. Anti-sniping is a technology that prevents users from placing a higher bid at the last minute.
CrossSwap is designed to support the transfer and exchange of cryptocurrencies across various platforms, including Ethereum (ETH), Binance Smart Chain (BSC), Bitcoin BEP-2 (BTCB), and others. For each exchange or swap of crypto, a fee of 0.25% is charged, and liquidity pool holders receive 0.17% of the fee, while the treasury receives 0.03%. The remaining 0.05% of the swap fee is used for buyback and burning of CSWAP tokens. Similarly, each transfer or bridge of crypto attracts a 0.1% bridge fee. The treasury receives 0.03%, and the remaining 0.07% of the bridge fee is used for buyback and burning of CSWAP tokens.
$CSWAP is the native token of the CrossSwap platform. $CSWAP token holders receive up to a 50% discount on trading fees, and the platform uses part of the transaction fee from the $CSWAP tokens for buyback and burning. Users involved in staking can earn rewards for the automated market maker (AMM) liquidity pool. An AMM is a DEX protocol that determines the price of assets using a mathematical formula. Additionally, 50% of all transaction fees are redistributed to $CSWAP stakers. $CSWAP token holders can also become members of the decentralized autonomous organization (DAO) to modify the proposals for the platform's development and participate in voting.
In 2022, CrossSwap aims to integrate into CrossWallet, allowing users to have more seamless access to the platform. CrossWallet is a multi-asset wallet that supports various blockchain networks and enables users to store, transfer and exchange cryptocurrencies with ease.
In conclusion, CrossSwap is a revolutionary DEX that seeks to solve the problems associated with exchanging and transferring cryptocurrencies. Its partnership with BlueZilla and various features such as pre-adding liquidity, anti-sniping, and AMM liquidity pools make it an ideal platform for blockchain projects to launch their tokens. Its $CSWAP token is an excellent investment for users seeking to enjoy discounts and rewards while participating in the platform's development through the DAO. The integration with CrossWallet is also a significant step towards providing users with a more seamless experience in the cryptocurrency ecosystem.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
Stay ahead of the competition by accessing high-quality data, advanced tools, and expert research.Try for Free