CSO #14 Follow Up Report
It is our pleasure to declare our 14th CSO event officially concluded, and successful.
Community members who are frequent partakers of previous versions of our CSO events would be familiar with the huge successes we have recorded in the past.
We have recorded yet another outstanding success in the just-concluded CSO Round #14. The event took place 10th August, 2024, at 20:00 (UTC+8 Singapore Time), and featured the distribution of 715 Filecoins.
Below are the statistical recordings from CSO #14:
A total of 715 FILs (Filecoins) were selected for the event in which they were all distributed. A cumulative summation of
Limit-178 cFILs
Unlimit-537 cFILs
· A total of 301,286.4 CRFIs were burned
· The Limit swap exchanged 69,732 CRFIs
· The Unlimit swap exchanged 210,504 CRFIs
· The burned CRFIs included 21,050.4 CRFIs charged as Participation Fee in the Unlimit swap
· The Swap Ratio set immediately before the event was 392:1
Verification of the CRFI burn can be done at these incineration addresses:
BSC TXID: 0x9fdffdbe2542d25520e8eb669adae0c2357f31be3795224c0d81d9c887257914
ERC20 TXID: 0x140571267d1924ce95e623253b9986a870d17ac6414ed05f649f91f25c3d1a7d
All 715 FILs in the pool were utilized. Had it been the event was in any way less successful and consequently gathered unclaimed Filecoins, the remainders would be compounded into the pool for CSO #14, therefore an entirely new pool will be created for the coming round.
Notably, the swap pool was sponsored by 5% of revenue generated by CrossFi Borrow. This means that the higher the popularity of CrossFi Borrow, the bigger the Filecoin pool for the next CrossFi Swap Opportunity. CrossFi is a built-in feature of CrossFi DApp that allows users to borrow cFIL (Filecoin) using sFIL as collateral. You can learn more about the feature here.
Please refer to the CrossFI Whitepaper for details on what CrossFi Swap Opportunity (CSO) entails: How Does CSO Work?
We had hoped you enjoyed and gathered profits from the 14th CSO event. More opportunities are on the way. Stay tuned.
CrossFi is a cross-chain protocol that provides liquidity for Filecoin staking and rewards.
CrossFi Official Website: https://crossfimain.com
CrossFi DApp Address: dapp.crossfimain.com
CrossFi Official Twitter Account: https://twitter.com/globalcrossfi
CrossFi Official Discord Group: https://discord.gg/UKGSX3VBY3
CrossFi Official Global Telegram Group: https://t.me/crossfimain_en
