CSO #5 Is On 10th May!
Hello CrossFi Family!
CrossFi Swap Opportunity (CSO) is another golden opportunity to swap your CRFI tokens for Filecoins and earn astonishing profits.
CrossFi Swap Opportunity has recorded quite a stretch of rounds; and each one, undeniably, had gone ahead to become a notable success. Round #4, the last add-on to the CSO collection which took place on 10 February 2022 at 20:00 hours Singapore Time (UTC+8), oversaw the accumulation of 1,272,090.73 CRFI tokens from participants of the event, and the allocation and all-through distribution of 875 Filecoins (FILs), a commendable rise from the 256 FILs shared in CSO round #3. Who knows what round #5 would likely bring to the table?
And as easy as it may sound, all you have to do to grab this profitable chance this time is to be logged into the Dapp, bossed up in its user-friendly and user-reliable interface, before the beginning of the event.
What Is the CSO All About?
CSO is a 1-day-only Swap-and-Burn event that allows users to witness the liquidity and profitability of being an investor in CrossFi. This means that participants in this opportunity are given a safe harbor to barter their CRFI tokens for cFILs (1:1 pegged synthetic filecoin) and attract amazing earnings, whether it’s a limited or unlimited exchange. Its profitability, as noted, however, stems from the almost-certain likelihood that the exchange would pump the market price of CRFI tokens, thereby giving holders or investors a substantial raise in their financial pockets. And the most heartwarming of all the advantages: CSO has been added as a regular feature in the CrossFi platform.
Notably, among many, the exchange ratio between the two components, CRFI and cFIL, is dictated by the market value during the exchange. The current market price of Filecoin at the moment is at a stable of $14.90 USD while that of CRFI is $0.05 USD. The swap pool for the event is sponsored by the 5% revenue generated by the CrossFi Borrow feature–consequently, the higher the popularity of the CrossFi Borrow feature, the higher the Filecoin pool for the next CSO. CrossFi Borrow allows users to create a filecoin synthetic asset (sFIL), and borrow Filecoins with sFIL as mortgage.
You can also read about the CSO in the Whitepaper here:
What Are the Number of Filecoins, Fees and Limits?
Please follow the official CrossFi Twitter account and the official Telegram group for updates and announcements. If you have any questions or doubts the admins and highly cooperative community members would be ever ready to tick them off your box.
Worthy of note: the exact number of cFIL (Filecoin), the Pool Capacity, maximum participation amount per person and the CRFI to cFIL Swap Ratio are as follows:
Date: 10/05/2022
Time: 20:00 (UTC+8 Singapore Time) / 12:00 PM GMT
A total amount of 940cFILs (Filecoins)
Limited Swap 235cFILs
Unlimited Swap 705cFILs
Please also note that once the timer for the event elapses, the exchange will be automatically terminated, and any deposited CRFI token that hasn’t been swapped shall be returned to the user. In another case, if there exist any cFIL at the end of the CSO, the inspected amount will be carried over to the next CSO.
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 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
