The upcoming CygnetDEX public beta promises to be a game-changer in the world of decentralized finance (DeFi). Built on the XRPL (XRP Ledger) blockchain, CygnetDEX offers users an innovative platform to trade cryptocurrencies and digital assets in a secure and decentralized environment. With its cross-chain swap feature, users can seamlessly exchange assets across different blockchain networks, promoting liquidity and expanding trading possibilities.
Users will benefit from the platform's user-friendly interface and integration with popular wallets, ensuring a smooth and secure trading experience. As an experimental DeFi product, CygnetDEX emphasizes the inherent risks associated with crypto trading, placing responsibility on users to manage their assets and make informed decisions. The public beta presents an exciting opportunity to experience the future of decentralized crypto trading and participate in shaping the evolution of the platform.
Holding XRSwan tokens on CygnetDEX comes with a fantastic perk - a discount on cross-chain transaction fees. By simply having a minimum balance of XRSwan tokens in your wallet, you can enjoy a 20% discount on fees when using the cross-chain swap feature. This incentivizes users to hold and use XRSwan, promoting the adoption of the native token and encouraging liquidity across different blockchain networks. So, trade with ease and efficiency on CygnetDEX while enjoying the benefits of reduced transaction costs with XRSwan.
June 3rd-5th 2022
XRSwan is the native token of CygnetDEX. The token will be required to utilise certain functions and for users to get the most out of the CygnetDEX platform. For example, you will need XRSwan tokens to mint NFTs.
XRSwan was created by our parent company Cygnet-Wire Ltd. Visit their official site here for more info:
- SWFT Blockchain
- Xumm Wallet DEX
- Sologenic DEX
- More places available soon...
We are currently in the early stages of development for our very own decentralised exchange, that will use XRSwan as its native currency. We aim to launch in Q3 of 2022. We have partnered with SWFT Blockchain in order to bring you the best Cross-Chain DEX possible.
CygnetWire is currently in the early stages of the development of a decentralised application for the creating, minting & trading of NFTs on the XRPL. This is one of the projects we are most looking forward to seeing in action. It is here, once the NFT Marketplace launches, that the remaining 55 xSwans NFTs will be sold at auction to help promote the launch of this app.
The 'XRSWANDEX' & 'XRSwan NFT Marketplace' projects have merged into the one ultimate cross-chain enabled crypto platform: CygnetDEX.
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