KUALA LUMPUR / ACCESSWIRE / September 14, 2021 / After the encryption market has experienced growth, the entire blockchain ecosystem has higher security, efficiency, liquidity, and decentralization requirements. Even though the DeFi, Polkadot, NFT, ETH2.0, storage, and other projects or models quickly caught people’s attention during 2020, the hype space can still radiate to the next stage of Web 3.0. Still, the exploration of the project crowdfunding model has not improved.
Following the irreversible NFT economic model development, GIBXSWAP began to lay out detailed plans for innovating crowdfunding methods and creating a minimalist issuance model. The introduction of GIBXSWAP ILO can assist projects on Ethereum and Polkadot in moving from 0 to 1.
GIBXSWAP is an automated market maker (AMM) that allows users to exchange two tokens. The exchange receives liquidity from LPs who stake their tokens in the Liquidity Pools. A user receives LP tokens in exchange, which can be staked to earn X tokens in the ‘pool.’ GIBXSWAP’s platform currency is the X token.
The value of “X” is equal to the trading volume of the decentralized exchange GIBXSWAP DEX. As a result, the greater the volume of GIBXSWAP transactions, the greater the value of “X”! At the same time, token holders have the option to sell “X” at any time to protect the long-term interests of early participants and GUSDTTM holders.
What distinguishes GIBXSWAP from other exchange platforms is that it returns transaction fees to users in the form of X tokens. The amount of fee returns varies according to the trading pair and the percentage of the trading volume. For instance, suppose you decided to exchange 1BNB for USDT, and the fee return for that pair is 100%. A transaction fee of 0.3 percent, or 0.003BNB, will be charged during this exchange. Once the transaction is completed, the system will immediately return the transaction fee in the form of X, proportional to the trading volume.
The newly launched GIBXSWAP will…
