Greetings, CrossFi Family!
We are beyond thrilled to present you with another CrossFi Swap Opportunity where you can swap your CRFI tokens for Filecoins and make significant profits.
CrossFi CSO #8 is on February 10th 2023 at 20:00 Hours SGT (UTC+8)
We are proud to welcome you to the Round #8 of CrossFi Swap Opportunity (CSO). If you have been a dedicated follower of our previous CSO trends, you must firmly agree on the notable successes amassed in each passing round.
The previous CSO opportunity add-on (CSO#7) — which took place on 10th November, 2022, at 20:00 hours Singapore Time (UTC+8) — was another successful entry as well. Such that it went ahead to oversee the distribution of 960 FILs — a significant increase from the 940 FILs distributed in CSO Round #6.
If you want to be part of this amazing opportunity, all you need to do is to make sure you’re logged into the Dapp before the start of the event.
What Is CSO All About?
CSO is a 1-day-only Swap-and-Burn event that allows participants to witness earn liquidity and profits as an investor in CrossFi. All participants are given the opportunity to barter their CRFI tokens for cFILs (1:1 pegged synthetic filecoin) and earn amazing interests. Such profits are attributed to the expected in the exchange of the market price of CRFI tokens. The exchange ratio between the two components, CRFI and cFIL, are controlled by the market value during the exchange.
The swap pool for the event is sponsored by the 5% revenue generated by the CrossFi Borrow feature. And, notably, the higher the popularity of the CrossFi Borrow feature, the higher the Filecoin pool for the next CSO. CrossFi Borrow provides a healthy environment for 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:
Time: 20:00 (UTC+8 Singapore Time) / 12:00 PM GMT
A total amount of 940cFILs (Filecoins)
Limited Swap: 235cFILs
Unlimited Swap: 705cFILs.
Please 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