Crosswise Re-Launch: Community Incentives
The Crosswise Finance re-launch is imminent, and we are going to need your help to make it a success!
We’re fortunate to have a very supportive community, and hope that these initiatives will allow us to leverage this support and significantly accelerate growth.
In order to prepare you for what will come, we would like to share with you two really great ways to get involved and earn additional rewards during the re-launch and beyond.
These are the Crosswise Referral and Liquidity Partner programs:
Moonwalker Affiliate Program
The goal is simple: provide a really generous incentive scheme that helps us attract new users and helps you earn big rewards for spreading the word!
How Does It Work?
Users head over to the Moonwalker page in the Crosswise dApp. Here you will find a unique link to use when inviting your friends or posting in your communities.
You will need to ensure that people use your unique referral link in order for the referral to be counted.
It’s as simple as that. Once your referred user stakes or provides LP, you earn a bonus 1% of their reward amount.
What’s best is that your referrals are valid for life! As long as they earn, so do you. All you will need to do is periodically claim your referral commission!
Example Scenario
Mike shares his referral link with Anne, who deposits LP and earned 500 $CRSS over the last month. Mike will earn a total 5 $CRSS as a commission (1%).
Where Do Commissions Come From?
Being referred by another user does not affect your own earnings. All referral commissions are taken from our emission, so nobody earns less, only more.
How Many Users Can I Refer?
There is no limit on the number of referrals, however once a user has been referred they cannot be referred again by somebody else.
Do I Earn On Referrals of Referrals?
No, you only earn on user you directly refer.
How Best to Take Advantage
Our referral program offers significant earnings potential. To maximize your earnings be sure to share your link as widely and early as possible.
As every user can only be referred once, you will want to be the first to let them know about Crosswise Finance.
Liquidity Partner Program
Our second initiative is our Liquidity Partner Program, designed to ensure a a smooth launch and provide additional incentives to our long-term supporters.
Of course many of you might instinctively question the need for such a program, given that providing LP in return for rewards is part and parcel of yield farming. However sufficiently deep liquidity is a major pre-condition to providing efficient swaps, and thus important to a successful re-launch.
Given the way the market evolved and additional costs incurred auditing and re-working our code, we are no longer in a position to provide, what we would deem, deep enough liquidity.
We therefore decided to offer additional incentives to those willing to provide locked liquidity to the protocol.
Who Is It For?
Needless to say, you need to share our enthusiasm for the project and believe in its longer-term future, as you will have to lock your LP tokens for 3 months. That means during those 3 months you will not be able to remove the LP provided.
In return you will be able to purchase $CRSS tokens at a competitive Over The Counter price, and receive generous rewards in our locked farms, in addition to 5% bonus CRSS.
How Does It Work?
Community members wishing to take part will be able to purchase CRSS token at a fixed Over the Counter (OTC) price of 1.05 BUSD.
Although we will re-launch with a price of 0.95 BUSD, only the very first handful of buyers will be able to purchase at this price. The slight premium is intended to avoid abuse.
You will then need to provide the LP and stake your tokens in one of our locked CRSS-BNB and/or CRSS-BUSD farms.
Once you have done so, send us the link to the TX hash for us to check and we’ll send you a 5% bonus CRSS token to your wallet after 30 days!
The amount of available CRSS to purchase via this scheme is limited to 200,000 CRSS tokens, to avoid overly large OTC purchases. Allocation will be on a first come first serve basis.
Users need not be buying CRSS Over The Counter in order to take part. Everyone is welcome to stake LP in the locked pools.
How To Take Part?
Please join the Crosswise Liquidity Partner telegram group, where you will be able to reserve your CRSS purchase: https://t.me/+Ou08H-t2deQ0ZmVl
Closing Remarks
Our collective success, particularly in these poor market conditions, relies on you, the Crosswise community.
Over the past few months Team Crosswise has gone well beyond what most projects are willing to do in order to try and make the community whole again post-exploit.
It has taken its toll on everyone involved including yourselves, and we truly appreciate the patience and support demonstrated by many!
We hope that all these efforts have not been in vain, and that you will join us in making the Crosswise re-launch a true community success story!
Team Crosswise
About Crosswise Finance
Next-gen cross-chain Decentralized Exchange (DEX) building a seamless DeFi user experience. Crosswise Finance bridges the gap between centralized and decentralized exchanges, bringing together the best of both worlds. Crosswise is committed to it’s community and brings back customer service and support to the DeFi space.
Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making investment decisions.
