Crosswise Weekly Recap: Week 46/2021
Dear Crosswise Community,
Another interesting week has passed by, that’s for sure. I’m sorry for providing this Recap with a slight delay due to me having to deal with a short attack of Flu & Fever. Winter is coming.
Stage 1 Pre-Sale Sold Out
First of all I would like to thank everyone again for filling our Hard Cap of Round Number 1. We have had an amazing right filling the Pre-Sale Round 1 within less than 4 weeks.
Stage 2 Pre-Sale Vote & Result
I have received various messages from users during the last days of Round 1 and after that about their demand of buying into our Pre-Sale. As someone directing the project and thinking about what is best for it, but still wanting the community to do the active governance of the project, I decided to let our community vote about hosting a second round of Pre-Sale. This round still fits in great before our release, creates more demand for the launch and we are keeping the traction going and are able to satisfy more early investors, thus new investors are already buying in at a higher price. Greg, our COO, has mentioned all of these concerns and gave valid argumentation a few days ago in his Medium.com Article.
Following the method of including our community in every major decision regarding the project we have held a poll, which has been positive with a huge majority of almost 71%. Therefore, we have announced to host the second stage of our Pre-Sale Today, the 25. November, starting at 8AM UTC.
A short overview of the Tokenomics of Stage 2:
Total : 1 Million $CRSS (2% of total Max Supply)
2 Stages: Stage 1 with 500k $CRSS at 0.7 BUSD and Stage 2 with 500k $CRSS at 0.8 BUSD
Hard Cap: 750k BUSD
Initial Start Price at Release of DEX: changes from 0.75 to 0.95 BUSD
Summarizing the process I can say that this development will be a great improvement of our initial liquidity and our potential growth. I know that some users raised concerns, but with all factors in place its mostly a very positive development.
Development Update
I haven’t given much of an Update regarding Development of our DEX in the past two weeks. It has been very time consuming hosting the Pre-Sale, answering all of your questions and keeping track of developments of our Team.
But, here we are. We have finished integrating Chainlink PriceFeeds for all major trading pairs on our DEX plus our own coin, $CRSS. This means we will always have up-to-date real live market prices on a DEX. How cool is that? No searching around for the best conversation rate anymore, we will always host the real, actual price.
Also, we have finished integrating the DAPP Frontend. We have completely implemented all parts of the design, that are needed for Version 1 of the DEX. Version 1 of the DEX will have all essential functions that are needed, such as Account area, Swapping, Farming, Staking, Affiliate System, Analytics and Statistics and much more. Also, we will already have build in Auto-Compound, Vesting and Mass Harvest.
Another huge development is the Gasless Feature. We have successfully integrated Biconomys API and we will offer Gasless transactions directly once the DEX is live.
You want more? I got one more. We have integrated The Graph’s Subgraph so we can easily export price feed and market data from our DEX. Why is this essential? This enables us to list the $CRSS Token on any coin tracker or compare website such as CoinMarketCap. Also, we can export all the trading pairs from our DEX with live price data and be listed as an exchange on CoinMarketCap. This means that users will see all trading pairs, such as BNB-BUSD on those website. Exposure and real market data is everything.
The End
So far so good, stay tuned for more in the next Recap. I will talk about marketing plans for Stage 2 of the Pre-Sale, for the release and after it. Also, soon I will provide a video showing bits and pieces of our internal Beta on Youtube. Nice, huh.
Best regards,
Frederic Beeg
CEO Crosswise.finance
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.
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