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CSO #6 Is On 10th August!

Greetings, CrossFi Family!

Another great opportunity to swap your CRFI tokens for Filecoins to make profits from our CrossFi Swap Opportunity.

Welcome to the round #6 of CrossFi Swap Opportunity (CSO). If you have been following our CSO trends religiously, you can attest to the outstanding success that’s been recorded in each round. Round #5, for instance, the last add-on to the CSO opportunity trend, which took place in 10th May, 2022, at 20:00 hours Singapore Time (UTC+8), oversaw the accumulation of 1, 461,667.91 CRFIs and the distribution of 940 FILs — a whooping leap from 895 FILs shared in CSO Round #4. There’s no doubt to the magic round #6 will lay in wait for us in front of our doors.

To be part of this profit-making opportunity, all you need to do is to make sure you’re logged into the Dapp before the beginning of the event.

What Is 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, 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 $9.31 USD while that of CRFI is $0.02 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.

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: 10/08/2022

Time: 20:00 (UTC+8 Singapore Time) / 12:00 PM GMT

A total amount of 960cFILs (Filecoins)

Limited Swap 240cFILs

Unlimited Swap 720cFILs

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 exists 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 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

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