CremePieSwap: The New Innovation for MATIC
Despite a marketwide downturn, it’s seemingly business as usual for some of the biggest communities on the BSC: 100xCoin, Launchzone, and BARMY.
After the launch of 100xAltbase, an app designed to buy altcoins – the 100xCoin team has now collaborated with other coin founders and communities in order to create a joint, cross-chain venture on Polygon. Specifically speaking, CremePieSwap.
What is CremePieSwap?
CremePieSwap is a decentralized exchange, established on the Polygon Matic network. The newly formed project makes use of a DEX protocol known as an automated market maker. The AMM protocol uses mathematical algorithms to create options for users to pre-fund assets through liquidity pools to support regular buying and selling on the dApp. This allows for fully autonomous and decentralized trading. The presale and public sale will be held on BSC, with a cross-chain bridge part of the future plans.
Why use the Polygon Matic network?
Many Matic cryptocurrency projects have seen accelerated growth in recent months. Adoption is on the rise as more developers and users have begun to take notice of the benefits and potential that Polygon provides. As the fundamentals of Polygon is to solve what seems to be an ever-present conundrum of Etherems scalable solutions, low gas fees are naturally associated with projects that are on the Polygon network. This makes Polygon an attractive alternative for DEX protocols. Additionally, Matic cryptocurrency transactions will have faster speeds due to uncongested networks, thanks to Polygon’s infrastructure development and scaling technology.
CremePieSwap features
CremePieSwap will have a great number of advantages and features from launch. Trading should be made easy and accessible. Users will be able to buy and sell without the need of registering for an account by simply connecting their wallets to CremePieSwap and having instant access to all CremePieSwap’s features.
Traders will also have the option to participate in liquidity pools to earn tokens. Additionally, for those who participate in these liquidity pools, users will enjoy discounts for trading fees and have access to a broader range of Polygon products. A staking and yield farming feature will also be available.
CremePieSwap is also set to feature a lottery system that runs two sessions per day. 1 $CPIE can be traded for 1 lottery ticket. It’s important to note that there is no limit to the number of lottery tickets, however, only 50 can be purchased at a time.
How to participate in the official whitelist registration
On July the 12th, a private whitelist launch will be underway followed by the full public whitelist IDO launch. The CremePieSwap team is moving quickly, announcing that the official launch date for CremePieSwap’s DEX will also be on July 12th.
Media Contact:
Liam Ross
Liam@100xcoin.io
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