[ANNOUNCEMENT] CSO #4 Successfully Concluded
We are pleased to announce that CSO #4 held recently on has also been a success.
Round 4 of the CSO event was held on February 10th, 2022 at 20:00 Hours Singapore Time (UTC+8) and distributed a total of 895 Filecoins (FILs) up from 256 FILs of CSO #3.
Here are some of the statistics from CSO #4 :
- A total of 895 FILs (Filecoins) were allocated for the event and all of them were distributed
- A total of 1,271,090.73 CRFIs were accumulated from the users in the event and the CRFIs that exceeded the limit were returned back to the users
- A total of 192,399 CRFIs were burned
- The Limit swap exchanged 44,999 CRFIs
- The Unlimit swap exchanged 134,000 CRFIs
- The burned CRFIs included 13,400 CRFIs charged as Participation Fee in the Unlimit swap
- The Swap Ratio set immediately before the event was 200:1
You can verify the CRFI burn at these incineration addresses:
- Ethereum TXID for 192,399 CRFIs burn: 0x5eb0053c0fc54c6b3bbe55893fea2599be6d897250942806c6d07e37716ff80d
https://etherscan.io/tx/0x5eb0053c0fc54c6b3bbe55893fea2599be6d897250942806c6d07e37716ff80d
- BSC TXID for 192,399 CRFIs burn: 0x1c47febe964710e3d1137c3d0f5bd0040060457af34bcb8358ad0a9b34964c23
https://www.bscscan.com/tx/0x1c47febe964710e3d1137c3d0f5bd0040060457af34bcb8358ad0a9b34964c23
All 895 Filecoins in the pool were utilized. If the event had been less successful and some Filecoins were left unclaimed, they would have been added to the pool for CSO #5. A fresh pool of Filecoins will now be created for CSO #5.
The swap pool was sponsored by 5% of the revenue generated by CrossFi Borrow. The more CrossFi Borrow gets popular, the bigger the Filecoin pool for the next CSOs will be.
Please refer to the CrossFi Whitepaper for details about CrossFi Borrow and CSO:
We hope you enjoyed and profited from the 4rd CSO event. Stay tuned for CSO #5 in May!
CrossFi is a cross-chain protocol that provides liquidity to you for Filecoin staking and rewards.
CrossFi Official Website: https://crossfimain.com
CrossFi DApp Address: dapp.crossfimain.com
CrossFi Whitepaper: https://docs.crossfimain.com/
CrossFi Official Global Telegram Group: https://t.me/crossfimain_en
CrossFi Official Twitter Account: https://twitter.com/globalcrossfi
