LFGSwap gives $10,000 worth of USDT to the community after a massive IDO win. The success also illustrates the great interest in the core ecosystem.
Giving back to the community
Top Decentralized Exchange (DEX) on Core Chain, LFGSwap is celebrating its Initial DEX Offering (IDO) by rewarding the community with $10,000 worth of USDT (Tether).
The amount raised during the recently completed IDO exceeded DEX expectations. According to the team’s statement to BSC News, the fundraising goal was 25,000 CORE. However, users accumulated 402,095 CORE, which is the largest IDO on the Core network.
“LFGSwap’s first IDO in the core chain raised 402,095 cores, with a fundraising goal of 25,000 cores. It is already the first and largest IDO event in the Core chain,” LFGSwap told BSC News.
Following the notable milestone on the Layer One blockchain, LFGSwap will reward 100 users who participate in the giveaway program. Users can earn from a prize pool of 10,000 USDT. Protocol shared details of the event on February 18 via Twitter.
Keen interest in the core ecosystem
The IDO success illustrates the interest in the core ecosystem. LFGSwap’s February 18th tweet revealed that users filled over 1600% of the pool during the IDO.
Shocked by the result, DEX revealed to BSC News that most of the IDO participants were from other blockchain ecosystems.
“Most of the participants in this IDO are users from other public chain ecosystems. There seems to be evidence that users from other chains are migrating to the core ecosystem. This is another milestone for LFGSwap. We have seen further developments in the potential and future of the core ecosystem,” the team said.
Core DAO’s capabilities are unmatched in the crypto space and attract numerous users. This is due to the Satoshi Plus consensus mechanism, which aims to solve the “blockchain trilemma” by providing decentralization, security, and scalability for the core community. The success of LFGSwap is just a beginning for wider adoption in the blockchain industry.
What is LFGSwap
LFGSwap is a decentralized exchange (DEX) based on Ethereum Proof of Work (ETHW) and most recently Core. The DEX offers users a product suite with services like farming, staking, swapping and more. The LFG token is the protocol’s native cryptocurrency.
Where can I find LFGSwap:
Website | Twitter | Telegram |
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It presents an opportunity for miners to generate new revenue streams by injecting hash power on the chain. Inspired by the principles of both blockchains, Core shows a deep appreciation for the history of the crypto ecosystem and an even greater enthusiasm for Core’s role in its future.
Where to find Core DAO:
Website | Documents | Twitter | discord |
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