CoinSwap, a new DEX for the Binance Smart Chain, has launched its decentralized exchange (DEX) and native token CSS on Binance Smart Chain.
CoinSwap Space provides users with many different opportunities to gain rewards. CSS is an automatic market maker (AMM) allowing digital assets to be traded without an order book. Users can see returns on their crypto by providing liquidity to the market, taking advantage of CoinSwaps many yield farming pools, or simply by staking their crypto at CSS stake. Smart routing is utilized by CSS, giving clients the best swapping rates, slippage, and price impact available. There are two tokens that exist within the CSS ecosystem. Contributing to the CSS liquidity pools will grant users CSS-LP tokens. CSS-LP tokens can then in turn be staked in any of CoinSwap’s various yield farming pools.
According to the company, the platform has been audited by Certik, a security-focused ranking platform that analyzes and monitors blockchain protocols and DeFi projects. Certik uses rigorous Formal Verification technology to provide hacker-resistant smart contract and blockchain audits. The successful passing of this audit by CoinSwap Space gives reassurance to any potential investors. The rewards offered by using CoinSwap Space can be farmed without the risk of exposure to hacking.
The CoinSwap team believes that transparency and fairness are two of the most fundamental qualities of DeFi. For these reasons, CoinSwap Space will have a completely fair launch. There is no presales, no allocations, and no team tokens. The only way to acquire the native CSS tokens is to start yield farming them from the moment of the launch, which is now only hours away.
The founders will, for the time being, remain anonymous. However, all of them plan to make themselves public within the next month. It’s worth noting though that even being a founder of CoinSwap won’t grant you any extra privileges for the launch. Founders will have to acquire their CSS tokens by yield farming just like everyone else, making this the fairest possible launch.
400,000 $CSS will be pre-minted to provide liquidity to the pools and the $CSS takeoff price will be $0.25. This means that the total value of provided liquidity will be $205,000 at launch. The rewards for farming will be at their highest for the first 10 days from the launch meaning that investors should get in early to maximize their profits.
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