On September 23 (UTC+8), the SwapX community launched a vote on "opening transaction mining activities". The community voted on the duration of transaction mining activities. At present, the voting has ended, and the proposal of "trading mining for 20 days" passed with high votes. SwapX will become the first DEX in the DeFi world to launch "trading is mining".
SwapX: Create a benchmark for "transaction mining" in the DeFi world
The SwapX community announcement shows that the "transaction mining" activity will officially start at 12:00 on September 25 for a period of 20 days. The reward for daily trading and mining is 24,000 SWP. The first batch of participating liquid pools is SWP/USDT. Users who buy SWP can get mining rewards. This action on the one hand encourages trading users and on the other hand through incentive Transactions increase transaction costs, and ultimately enable liquidity providers to increase revenue by increasing transaction fees, which helps increase the liquidity of SWP and enhance the value of SWP.
SwapX is the world's first DEX that allows everyone to own their own liquidity pool fund, and has passed the security audit of Chengdu Lian'an. SwapX created the Pair Token, which can be enjoyed by every certified liquidity pool. The Pair Token can not only be traded freely, but also can be divided into transaction fees and SWP, that is, users can get transaction fees, Pair Token, SWP once liquidity is provided. Triple benefit
Currently, SwapX has more than ten liquidity pools including ETH/USDT, DAI/USDT, USDC/USDT, SWP/USDT, etc., and is supported by wallets such as imToken, TokenPocket, MEET.ONE, BitKeep, BitPie, HyperPay, etc. It is worth noting that the SwapX team adopted a decentralized approach without pre-mining, leaving all platform governance coins SWP to community participants.