In 2022, the total TVL locked in DeFi has reached $100 billion, of which 46% is in DEX, an almost 100x increase compared to 2019! It can be seen that DEX has become one of the important infrastructures in the DeFi ecosystem, and the automated market maker (AMM) model developed by Uniswap has fueled the explosive growth of DEX trading volume.
Among them, Fstswap has performed particularly well this year. Now, Fstswap is considered by users as one of the most influential DeFi innovations that can effectively address the shortcomings of DEX’s poor usability and high transaction fees. It allows investors to seamlessly trade between cryptocurrencies in a fully decentralized and non-custodial manner through pre-funded on-chain liquidity pools.
On April 29th at 16:00 Singapore time, Fstswap BD (Business Development) Paul visited ZT Club and spoke with Rita, General Manager of ZT Club. He shared Fstswap with users and extensively discussed the value logic of FIST.
At the beginning of the live broadcast, Paul introduced everyone to the basic information of Fstswap. FstSwap is a decentralized exchange protocol based on BSC Binance Smart Chain. FIST is FstSwap’s governance token, with a total of 200 million in full circulation. Fstswap passed the Certik audit and has a community base of almost 300,000 people. Before launching the public chain Fonvity Chain (FON COIN) in late 2022, Fstswap will focus on creating various defi ecosystems, with win-win and shared prosperity with various high-quality development teams through Fstswap.
“Our goal is to get more people to understand and participate in Defi so that ordinary people can grasp this wave of abundance,” Paul said.
At the beginning of the project, FstSwap formulated a three-year plan. Build a community in 2021 by spreading defi knowledge and consensus on FIST and OSK tokens; build Fstswap in 2022, diversify Fstswap by collaborating with different ecosystems and redirecting international traffic to increase Fstswap popularity and transaction volume; In 2023, the public chain will be introduced. After the established community and ecology are completed, it will open its own public chain, fonivity chain, and help the traditional exhibition industry to adopt blockchain applications.
For today’s Fstswap, the timely completion of each step of the roadmap has given Fstswap a strong vitality.
Significantly different from other DEX projects, Fstswap has a DAO (Competitive Node Mechanism) governance system, and nodes can enjoy all the dividends of Fstswap, thus infinitely promoting the development of Fstswap!
In addition, to better promote the development of nodes, only the first 27 nodes can currently enjoy huge economic dividends. The limited number of nodes will make the nodes more competitive and will continue to serve and educate the community to earn the community’s trust and votes. Finally, I can grow and develop with Fstswap and become a member of the Fstswap family.
Therefore, Fstswap is also equipped with a node evaluation mechanism. To become a node, you must first pledge 21000fist, which can be redeemed after the node is terminated; Second, you must vote, you must provide a FIST/USDT liquidity pool, 1LP: 100 votes. Therefore, only nodes that continue to drain and preach and provide FIST/USDT liquidity pools can hold the top 27.
As the governance token of FstSwap, FIST also plays an important role in ecology. FIST is the main currency currently rated by various ecological liquidity pools and can be used to mine FON COIN. In the future there will be further applications of FIST and OSK, e.g. B. IFO (Initial Farm Offering), lending, NFT ecology and chain game ecology.
Paul is full of confidence in FIST: “The total amount of FIST is limited. As more investors provide pools of liquidity and more applications revolve around FIST, plus the draining and preaching of the node community. With the blessing of various factors, the value of FIST will increase to climb higher.”
The value of FIST is obvious to all. In order to give more users the opportunity, the ZT trading platform FIST has successfully launched, and users are welcome to trade~
In this booming market, the introduction of DAO governance system offers more innovative ideas and further explorations for Fstswap development.
In the future, Fstswap could become one of the most popular DEXs in the entire industry!
Introduction to the ZT Club
ZT Club are all media-integrated service platforms and clubs independently operated by ZT Global.
ZT Club mainly integrates blockchain-related content such as project incubation, community integration, activity expansion, and industry education. Committed to promoting the vigorous development of the blockchain industry and building an industry ecosystem. Since its launch, it has invited a number of well-known industry leaders, rookie blockchain projects, capital institutions, popular communities and other guests, and has successfully hosted multiple live broadcasts.
Going forward, we will continue to bring new traffic, new resources, and new ways to use the blockchain in the form of voice, video, and audio from time to time.
media contact
Name of the company: Coinbetter
Interlocutor: wendy
E-mail: Send e-mail
Country: Seychelles
Website: www.coinbetter.com
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