In the second half of 2020, DeFi and various public chains exploded one after another.
Each competing public chain enters into DeFi in order to get a share of the pie. Performance, operation, assets, infrastructure, representative chain applications, what are the core elements of the success of the public chain ecology?
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DEX is the foundation of liquidity
PancakeSwap on BSC has surpassed the transaction volume of UniSwap after several months of operation, which is undoubtedly a milestone for BSC. BSC has gained a large wave of projects and popularity due to its low mining fee and fast transfer speed. DeFi is no longer an era of big money snowballing, but a real decentralized finance that all people can participate in. Among the many DEXs, there are places for us to learn from, and the main learning object we are going to talk about today is MDEX.
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GIBXSwap: Make a better "indigenous version" MDEX on BSC
GIBXSwap is committed to being the best decentralized trading platform in the market, focusing on mainstream cryptocurrencies. Their goal is to become the benchmark of the DEX platform, hoping to become the leading DEX platform in the token exchange market, providing real value, fairness and innovation for decentralized finance through high-quality products and services.
The newly launched GIBXSwap will open liquidity mining, single currency mining, transaction mining, asset cross-chain functions and implement the board of directors mechanism. GIBXSwap will realize a multi-chain DEX model after it goes online and stabilizes. After the Binance Smart Chain, it will deploy ecological chains such as Huobi Ecological Chain (HECO) and Ethereum, which integrates Huobi Ecological Chain and Binance Smart Chain. Low transaction fees and Ethereum The advantages of the prosperity of the Fang ecosystem support the "dual mining mechanism" of liquidity mining and transaction mining, which will enable it to achieve the greatest degree of drainage effect and high-quality user experience. At the same time, it will promote the advantages of low slippage, fast speed, capital security, and optimal price to quickly seize the market.
The LP provider of GIBXSwap will receive LP commission dividends, and the rebate amount depends on the transaction pair and the percentage of transaction volume. For example, if 1 BNB is converted to USDT, in this transaction, a transaction fee of 0.3% will be charged, which is 0.003 BNB. Once the transaction is completed, the system will immediately return the transaction fee according to the percentage of LP supply in the pool.
As an investor, if you want to plan ahead, you must first understand the new wealth code earlier than others. The upcoming GIBXSwap is a decentralized trading protocol based on an automated market-making mechanism, aiming to integrate the differentiated advantages of various basic public chains. The core essence is to avoid the various disadvantages of decentralization and realize the advantages of decentralization, create a high-performance composite DEX ecosystem, and give participants maximum rewards with the "dual mining incentives" of liquidity mining and transaction mining , and realize the self-driven value capture ecological closed loop through the fee repurchase and destruction mechanism.
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ILO（ Initial Lock-up Offering）
GIBXSwap was launched on September 16, and the ILO will be launched for the first time on September 15 at 8:00 pm Beijing time.
ILO, the full name is Initial Lock-up Offering, which is to exchange initial X tokens by locking positions. GIBXSwap ILO is an innovative initial liquidity issuance method that can directly create AMM liquidity pools for projects and investors. For the project side, it eliminates the cumbersome issuance procedures, reduces its own costs, and improves project liquidity.
So, how to participate in the ILO?
ILO will open on September 15provide liquidity
provide liquidity
1. Click "Add Liquidity" to add liquidity
2. Select the token you want to increase liquidity and enter the amount
3. Check the details and click "Supply"
4. Check the details and click "Confirm Supply"
5. Confirm the transaction in your wallet.
6. Done! You can click "View on BscScan" to view your transaction details
Pledge LP
1. Select the farm you want to mortgage
2. Click "Approve Contract" to authorize the contract
Click "Stake LP" and enter the LP amount, then click "Confirm"
4. Confirm the transaction in your wallet
5. Done! You can click "View on BscScan" to view your transaction details
Receive X Rewards
1. Select the farm you want to claim
2. Click "Withdraw" to take out
3. Confirm the transaction in your wallet
summary
summary
GIBXSwap's platform currency X will be open for trading at 8:00 pm on September 16, at which time you can receive the initial issuance of ILO's X tokens. What kind of splash can GIBXSwap, which integrates the initial issuance method of BSC's new prince BabySwap, MDEX's product interface, and MDEX's transaction mining, set off on BSC?
Decentralized finance should not allow AMM to have only a small number of centralized subjects, but to diversify the product around one function. PancakeSwap, BabySwap, BakerySwap, ApeSwap and other BSC popular AMM DEXs have their own unique features. Decentralization is the essence of DeFi.
