Crosswise Weekly Recap: Week 49 & 50/2021

Dear Crosswise Community,

It’s time to summarize another two weeks as we move closer towards our projected launch on 27th December 2021. Our team has made extensive progress in developing the dAPP and creating marketing plans for the launch and beyond.

dAPP Development

We have finished the initial development of our V1 dAPP.

All major features have been implemented:

  • Main Page
  • dAPP Frontend
  • Trading: Quick Swap, Liquidity, Trading Fee on DEX
  • Farms: Staking, Mass Harvest, Mass Stake, Auto Compound, Vesting Toggle
  • Pools: Staking, Mass Harvest, Mass Stake, Auto Compound, Vesting Toggle
  • Biconomy Gasless Feature
  • Chainlink Price Feeds
  • The Graph Subgraph
  • Referral System
  • Orderbook
  • User Settings Page
  • User Profiles
  • User Support System through Live-Chat and Email
  • Info / Analytics
  • Anti-Whale router
  • Lock Up Feature
  • Own LP Locking contracts

We will announce the next features that will be released shortly after launch, but in general we are sticking to our roadmap and following the plan.

Farms Page of internal Beta in Black and White Mode

Release Date

As the current market situation seems uncertain and all BSC-based projects have seen a loss in traffic and volume, we have asked the community to vote on whether to slightly delay the release for a maximum of two weeks.

Please find a link to the Poll in our Telegram Group HERE. The voting will end at 1PM UTC today, on the 22th of December.

Pre-Sale

Our Pre-Sale is officially coming to an end as we move closer towards our release date.

Depending on the result of the community vote following end dates of the Pre-Sale have been fixed:

  1. Vote for Release on the 27th December: Pre-Sale ends 25th December at 10AM UTC
  2. Vote for Release later (maximum 2 week delay awaiting improved market conditions): Pre-Sale ends 31st December at 10AM UTC

Initial Trading Pairs on DEX & LP

We will dedicate 30% of the raised amount towards initial liquidity of the platform as stated on our website. To make all trading pairs tradable we need to split the total liquidity and also to incentivize users adding Liquidity to CRSS LPs and earn Farm rewards.

The numbers below are calculated with a total raised amount of 1.5 Million BUSD and are due to change as more money will flow in during the last days of Pre-Sale.

Our DEX will start with following trading pairs and staking options, deposit fees & multiplier for farm rewards for adding liquidity:

  • $CRSS/$BNB: Multiplier: x30 no deposit fee, transfer fee 0.1% applies. Liquidity: 75k USD LP initially
  • $CRSS/$BUSD: Multiplier: x20 no deposit fee, transfer fee 0.1% applies. Liquidity: 75k USD LP initially
  • auto $CRSS: Multiplier: x10 no deposit fee, transfer fee 0.1% applies
  • manual $CRSS: Multiplier: x10 no deposit fee, transfer fee 0.1% applies
  • $BNB/$BUSD x5 (1% fee). Liquidity: 37.5k USD LP initially
  • $USDT/$BUSD x2 (1% fee). Liquidity: 37.5k USD LP initially
  • $BNB/$ETH x3 (2% fee). Liquidity: 37.5k USD LP initially
  • $BNB/$BTCB x3 (2% fee). Liquidity: 37.5k USD LP initially
  • $BNB/$CAKE x2 (2% fee). Liquidity: 37.5k USD LP initially
  • $BNB/$ADA x2 (2% fee). Liquidity: 37.5k USD LP initially
  • $BNB/$DOT x2 (2% fee). Liquidity: 37.5k USD LP initially
  • $BNB/LINK x2 (2% fee). Liquidity: 37.5k USD LP initially

Way forward

All of our contracts have already been given to CertiK for Audit. They have already started auditing the CRSS Token, MasterChef Router, SousChef, Farm & Staking contracts and more.

We are now shifting our focus towards strategic marketing initiatives for release and beyond, building up partnerships and working on content for our help-base including tutorials and video instructions.

Conclusion

We are very excited to release our developed dAPP and finally let users enjoy our platform. We will await the community’s vote regarding the release date.

From my perspective it would be ideal to launch during a strong market to attract the maximum amount of new investors to raise the price floor of our own token and ensure enough liquidity is added.

Best regards,

Frederic Beeg

CEO Crosswise.finance

Follow Frederic on Twitter

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.

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Next-gen cross-chain Decentralized Exchange building a seamless DeFi user experience. Crosswise bridges the gap between centralized and decentralized exchanges.

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Next-gen cross-chain Decentralized Exchange building a seamless DeFi user experience. Crosswise bridges the gap between centralized and decentralized exchanges.

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