CrossSwap Features Highlight — Part 2
To continue with the promised trend, today’s objective is to spotlight the second feature of CrossSwap. CrossSwap ($CSWAP) is the cross-chain DEX designed for both traders and projects.
As per usual, we’ll first highlight the problem, and then explain how CrossSwap addresses it. Alright, let’s begin!!!
The Problem — Delayed Token Distribution
During the initial phases of a project launching, delayed token distribution has become commonplace. This issue leads to early, private and public investors twiddling their thumbs, sometimes for hours on end. Receiving the promised tokens on time can make the difference between a poor and a profitable investment. This is why many VCs have become more cautious about which projects to imbue, and thus often rely on tested launchpad platforms.
The Solution — CrossSwap’s 2nd Feature — Token Claim Distribution Setup
CrossSwap has been developed to interject and rectify the familiar issue of not receiving tokens on time. The way it corrects for this is by enabling projects to pre-set wallet addresses that require token allotment prior to launching. Projects can also take advantage of scheduling token release at a time of their choosing. Therefore, CrossSwap empower projects to take full control over their token distribution event. It also enables users to claim after the scheduled liquidity provision.
CrossSwap facilitates no more delayed token distributions, and thus, happy early project backers.
CrossSwap has been developed by BlueZilla labs, which after being involved in launching hundreds and hundreds of projects, seeing all the issues arising during launching, prioritised correction over these important issues.
#Random Fact
To ensure the long-term success of the DEX, CrossSwap has an inbuilt deflationary mechanism, where 0.05% of the transaction fees are used for $CSWAP token buybacks and burnings.
❊ Interesting facts about the $CSWAP token:
➤ TVL: 1.3 M
➤ Fees: 149K (distributed to the staking pool)
➤ Number of Stakers : 1442
➤ Total $CSWAP staked: 3211014.45
➤ APY: 349.07%
Conclusion
We will continue on this journey of informing and educating our community about the limitations of current DEXes, and how CrossSwap is raising the bar.
☞ Stay tuned, there’s so much more to come!
❑ Website: https://crossswap.com
❑ Telegram: https://t.me/CrossSwapDex
❑ Telegram Ann: https://t.me/CrossSwapannouncements
❑ Twitter: https://twitter.com/CrossSwapDex
