Crypto News

Swappi’s new Launchpad feature to bring IDOs to Conflux

New York, NY 20 May 2022 Chain Wire

Swappi, an AMM-based Decentralized Exchange (DEX) hosted on Conflux, is releasing a new feature that offers new projects launching on Conflux’s eSpace a platform to launch, gather and grow their community. The new feature, dubbed Launchpad, will allow projects to conduct an Initial Dex Offering (IDO) on Swappi.

Swappi Launchpad allows projects to conduct IDOs and conduct both private and public sales, allowing them to set fixed token prices, token allocations and sell times for their IDOs. While all Swappi users can participate in the Swappi Launchpad, users using Swappi’s native token PPI will gain early access via private sales.

private sale

Airdrop from VNSMART Swappi’s new Launchpad feature to bring IDOs to Conflux, Crypto Trading News

Private Selling allows users to access a limited allocation of Private Selling Tokens by using PPI in Swappi Launchpad to earn Launchpad Credits prior to the start of the Private Selling. Once the private sale begins, users will be able to buy their share of IDO tokens in proportion to the amount of Launchpad credits earned. The more PPI employed, the more Launchpad credits are earned and the more private sale tokens are available.

Swappi Launchpad Credits determine the amount of Private Sales Project Tokens available to Swappi users. These Launchpad Credits are calculated based on the amount of PPI a user has wagered during the staking period allotted for each IDO. The maximum amount of IDO Private Sell Tokens available to a Swappi user is calculated based on their share of Launchpad Credits for each IDO Private Sell. Note: Launchpad credits are for specific IDOs and are non-transferrable.

Public sale

Swappi Launchpad allows any user to participate in public sales on a first come, first served basis. Users can purchase a limited number of project tokens directly from Swappi Launchpad.

Upcoming IDOs

Conflux already has an exciting pipeline of projects to be made available on eSpace Ethereum Virtual machine-compatible smart contract execution environment that enables developers to deploy and run Ethereum-native decentralized apps (DApps) and smart contracts in the Conflux ecosystem.

The first project planning its IDO on Swappi Launchpad is a cross-chain lending and lending protocol based on Aave. Depositors will be able to earn passive income by depositing their digital assets into an algorithmic liquidity market, enabling loans to borrowers. The second project is a decentralized reserve currency for the burgeoning Conflux ecosystem developed by Bitcoin, CFX and PPI is supported. Interested projects can apply here.

About Swappi

Launchpad is the first major feature added to Swappi since its launch in April 2022.

Swappi is a no-custodial platform that allows users to swap directly from their Wallet trade of their choice and retain 100% ownership of their crypto. Swappi’s DApps and Smart Contracts are based on open source software and are also publicly visible for maximum transparency.

Swappi Smart Contracts have been audited by Certik, the leading security-focused ranking platform for analyzing and monitoring Blockchain-Logs and DeFi-projects.

With the release of Launchpad, Swappi aims to build the most robust DeFi ecosystem on top of Conflux and plans to expand its offering to provide users with more earning opportunities.

contacts

jeff davidson, [email protected]

Source: Crypto News Deutsch

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