Continued Growth of CoinSwap Space Sees New Agricultural TRX / BNB Pair Added With Massive Initial APY
CoinSwap Space is a comprehensive suite of DeFi products offering its users a plethora of ways to invest
TALLINN, ESTONIA / ACCESSWIRE / June 8, 2021 / 5:00 p.m. CET, this Tuesday June 8 sees CoinSwap space launch a TRX / BNB pair on their decentralized exchange. The new pair presents a great opportunity for DeFi investors to earn massive returns. Sky high APY will be offered as an incentive for users to increase the cash pool in the first days after launch.
The TRX / BNB pair is just the latest in a long line of new offerings that CoinSwap has made available, showing already very impressive growth for the new platform. It’s worth mentioning that the rewards are paid into the platform’s native token: CSS.
Despite the recent downturn in the global crypto market, CSS has performed remarkably well. Its price has actually doubled over the past 14 days, thwarting a serious downtrend and potentially providing investors with a safe haven in these uncertain times. Liquidity on the platform has also increased by over 60% during the same period.
CoinSwap Space is already making a name for itself. Launched in April on the Binance Smart Chain, CoinSwap offers a decentralized exchange that offers even lower fees than PancakeSwap (each trade costs 0.2% versus 0.25%). DEX is based on the Automated Market Maker (AMM) model, offering investors the ability to add liquidity to pools and produce farms.
TRX, meanwhile, is the native token of Tron, a decentralized blockchain-based operating system. Tron is highly scalable and very efficient in smart contracts. Tron also exhibits a very high transaction-per-second rate, surpassing both Ethereum and Bitcoin.
Investors who add capital to cash pools when launching the new token pair can receive massive upfront rewards. The APY for token pairs is calculated based on the CoinSwap algorithm and depends on the added liquidity. However, APY on previous token pairs such as CSS / BNB hit thousands of percent during the first few days after launch.
This represents a great opportunity for investors to grab CoinSwap’s native CSS token, which has a fixed cap. Similar to PancakeSwap, CoinSwap offers a buy and burn model, which is funded by the fees of the exchange. However, the token’s hard cap means that unlike PancakeSwap’s native CAKE token, CSS is deflationary, potentially contributing to its recent impressive performance.
The BSC ecosystem continues to grow. Fast transaction times and low fees make the DeFi solutions offered more accessible than on any other channel. CoinSwap currently offers the lowest fees in the ecosystem and new token launches are a great way to get involved in this exciting new project.
About the CoinSwap space
CoinSwap Space is a DeFi suite of services built on the Binance Smart Chain. It mainly offers a decentralized exchange based on the Automated Market Model (AMM) which offers the lowest fees on BSC. CoinSwap users can earn the deflationary CSS token by staking and cultivating capital. Users also benefit from intelligent routing, ensuring maximum yields and the lowest slippage available.
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SOURCE: Coinswap space
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