GIBXSWAP: Head Market Website
After the encryption market has experienced many upsurges, the entire blockchain ecosystem is endowed with higher requirements: security, efficiency, liquidity, and decentralization. Although the Defi, Polkadot, NFT, ETH2.0, storage, and other projects or models that quickly hit people’s sight during 2020, the hype space can still radiate to the next stage of Web 3.0, but the exploration of the project crowdfunding model has not improved.
After the construction of the economic model of irreversible NFT, GIBXSWAP began to layout in-depth plans on how to innovate crowdfunding methods and create a minimalist issuance model. The launch of GIBXSWAP ILO can help projects on Ethereum and Polkadot to leap from 0 to 1.
GIBXSWAP has an automated market maker (AMM) that allows a user to exchange 2 tokens. The liquidity provided to the exchange comes from LPs who stake their tokens in the Liquidity Pools. In exchange, a user gets LP tokens that can also be staked to earn X tokens in the ‘pool’. X token is the platform currency for GIBXSWAP.
The value of “X” is equal to the trading volume of the GIBXSWAP DEX decentralized exchange. Therefore, the greater the GIBXSWAP transaction volume, the higher the value of “X”! At the same time, token holders can sell “X” at any time to ensure the long-term interests of early participants and GUSDT™️ holders.
What makes GIBXSWAP different from other exchange platforms is that GIBXSWAP returns the transaction fees to the users in the form of X token. The amount of fee returns depends on the trading pair and the percentage of the trading volume. For example, if you decided to exchange 1BNB for USDT and the fee return for that pair is 100%. During this exchange, a transaction fee of 0.3% which is 0.003BNB will be charged. Once the transaction is complete, the system will immediately return the transaction fee in the form of X, according to the percentage of the trading volume.
The newly launched GIBXSWAP will also open up liquidity mining, transaction mining, asset cross-chain functions, and the board of directors mechanism will be implemented. The GIBXSWAP board of directors’ mechanism, staking designated LP and a single currency, will be able to disburse “X” according to the proportion of locked position. “X” will have a complete repurchase mechanism. Every quarter, part of the GIBXSWAP platform profits will be used for repurchase and airdrop “X”. The repurchased “X” will be directly destroyed, and the repurchase record will be announced as soon as possible. Users can query through the blockchain browser to ensure openness and transparency; the “airdrop” part will be allocated according to the size of each pool, and then distributed according to the proportion of the locked position. In other words, “X” is a deflationary currency. With deflation and high liquidity, you can earn passive income just by holding the currency!
After the launch of GIBXSWAP, the multi-chain DEX model was implemented. It is first launched on the BSC Binance Smart Chain, then launching it on the Huobi Ecological Chain (HECO) and Ethereum and other ecological chains, integrating the low transaction fee of Huobi Ecological Chain HECO and Binance Smart Chain BSC and the advantages of the prosperity of the Ethereum ecosystem, support the “dual mining mechanism” of liquid mining and transaction mining, which will enable it to achieve the maximum drainage effect and high-quality user experience. Platform services include staking pools, liquidity mining pools, DEXs, cross-chain asset bridges, and other ecology. GIBXSWAP has no private equity, no pre-mining, and is committed to building a new community-oriented DEX and ecosystem. At the same time, it will realize the advantages of low slippage, fast speed, fund security, and optimal price, and quickly become the market leader.
What has attracted the attention of the world is that GIBXSWAP launched a new decentralized currency “X”. The new currency is the core token of the GIBXSWAP platform, which can be used for voting, repurchasing, fundraising, trading, and earning coins. The emergence of “X” is mainly due to the gradual increase in the circulation of the original GUSDT market, and the market value urgently needs a larger carrier to achieve breakthrough growth; the market needs new currency to stimulate. The maximum supply of “X” is 1 billion, and the block reward: each block rewards 20 “X”s. The “X” open-source code is audited by professional organizations such as Ernst & Young and Deloitte, ensuring safety. At the same time, “X” supports the decentralized cross-chain transaction protocol of BSC, HECO, and ETH, and uses “dual mining incentives through liquidity mining and transaction mining”, which allows participants to obtain the greatest return and seamlessly integrate with the Binance and Huobi huge global traffic and head resources.
GIBXSWAP ‘s ambitions in recasting the economic model:
GIBXSWAP is a decentralized exchange, but it has some key improvements. The emission rate for each block(X) is 10 and the emission per day is 288,000. X is distributed to trade mining, LP Pool, and Token Pool in which the percentage of emission for each block is 40%, 40%, and 20% respectively. Currently, X is burned 0.05% of every trade made on GIBXSWAP for deflationary mechanics. With the development of the platform, the value and price of “X” will be greatly improved. All holders of “X” can benefit from it.