CrownSwap V1 went live and received massive participation from the global communities, with CrownSwap governance tokens rising from a maximum of $0.1 to $12, an increase of 12,000%, with the trading volume of over $20 million on it launched day. CrownSwap V1 is the first generation of CrownSwap and CrownSwap official labs has decided to launch CrownSwap V2 on 13 November 2021. The changes of CrownSwap V2 are as below:
1. Improvement of marketing ambassador incentive, the requirement of consensus node within three levels with 100 community users upgraded to within three levels with a total of 200,000 computing power, the computing power factor calculation method = contribution value * 10.
2. The contribution value for trading mining will be changed from constant 1.01 to a proportional exchange according to the total trading volume of trading mining trigger by the contracts, with the different tiers with depending on the daily trading volume.
A, if the daily trading volume is less than $50 million, the user will be awarded 1.03 times contribution value for redemption.
B, if the daily trading volume reaches $50 million, 1.02 times the contribution value of the contract will be triggered
C, if the daily trading volume reaches $100 million, 1.015 times the contribution value of the contract will be triggered
D, If the daily trading volume reaches $200 million, the contract will be converted at 1.012 times the contribution value
E, if the daily trading volume beyond $300 million, it will trigger a fixed 1.01 times the contribution value of the contract.
3. The maximum fee sharing factor available for a single invited user is 10 times the trading fee consumption of the user.
Trading mining fee: own fee consumption*10
CrownSwap Official Lab
November 10, 2021
