ACCESS Newswire
14 Sep 2021, 19:19 GMT+10
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 also enable liquidity mining, transaction mining, asset cross-chain functions, and the implementation of a board of directors mechanism. The GIBXSWAP board of directors mechanism, using a designated LP and a single currency, will distribute 'X' based on the proportion of locked positions. 'X' will include a complete repurchase mechanism. Every quarter, a portion of the profits from the GIBXSWAP platform will be used to repurchase and airdrop 'X.' The repurchased 'X' will be destroyed immediately, and the repurchase record will be made public as soon as possible. To ensure openness and transparency, users can query through the blockchain browser; the 'airdrop' portion will be allocated based on the size of each pool, and then distributed based on the proportion of the locked position. To put it another way, 'X' is a deflationary currency. With deflation and high liquidity, you can make money simply by holding the currency!
The ambitions of GIBSWAP in recasting the economic model. GIBSWAP is a decentralized exchange, but it has some significant improvements. The emission rate for each block(X) is ten, and the daily emission is 288,000. X is distributed to trade mining, LP Pool, and Token Pool, with the percentage of emission for each block being 40%, 40%, and 20%, respectively. For deflationary mechanics, X is currently burning 0.05 percent of every trade made on GIBXSWAP. The platform's development will significantly improve the value and price of 'X.' It is beneficial to all 'X' holders.
Stay up to date on our upcoming events and receive a free GIBXSWAP E-Book; click on the link below and fill out the form:
https://devs.win/gibx/register
For more information:
Name: GALAR PR LTD
Website: https://galarpragency.weebly.com
Address: 05-09 Tower G, Arkadia Green Park Jl. TB Simatupang Kav. 88, Jakarta Selatan 12520.
Email address: [email protected]
SOURCE: GALAR PR LTD
Get a daily dose of Raleigh Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Raleigh Times.
More InformationHONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
NEW YORK, New York - Monday's trading session saw mixed performances across U.S. and global markets, with several major indices posting...
WASHINGTON, D.C.: The U.S. government has granted GE Aerospace permission to resume jet engine shipments to China's COMAC, a person...
DUBAI, U.A.E.: Saudi Aramco is exploring asset sales as part of a broader push to unlock capital, with gas-fired power plants among...
MILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
(Photo credit: Stephen Brashear-Imagn Images) Cal Raleigh and Aaron Judge will be in the spotlight this week for their prolific power...
New Delhi [India], July 7 (ANI): Left-arm spinner R Sai Kishore is all set to play county cricket, having signed with Surrey for two...
Surrey [UK], July 7 (ANI): Indian left-arm finger-spinner Sai Kishore has signed for Surrey in Division One of the County Championship....
(Photo credit: Charles LeClaire-Imagn Images) Two-time champion Pete Alonso of the New York Mets said Sunday that he will not be...
Birmingham [UK], July 7 (ANI): After England's heavy 336-run defeat to India, captain Ben Stokes hinted at the possibility of Jofra...