CoinEx Smart Chain (CSC) | The Annualized Rate of Return Exceeding 100%, CSC Takes Advantage of the Trend: Financial Support & Media Publicity Going Hand in Hand, the Seed Fund Leads Ecosystem Growth

As of July 31, the 10-day mining event on the CoinEx Smart Chain (CSC) successfully concluded. The event provided multiple benefits for CoinEx users, including yield farming for three trading pairs and community airdrops. It took full advantage of the first-mover advantage of the OneSwap brand to conduct the first cold start on the chain. During the period, the locked staking volume doubled 5.5 times, among which the annualized yield of the ONES/USDT pair is even as high as 105.01%. In total, the event issued 100,000 ONES for users, allowing miners to make a big profit. On the other hand, it officially set a good start for CSC mining.

Haipo Yang has always placed high hopes on CSC. “Ethereum’s congestion has also brought developers a market opportunity to provide a cheaper, faster public chain with a larger scale. And as an exchange, CoinEx is a big magnet for projects and users and can complete the ecosystem construction of the public chain more quickly.”

CoinEx Smart Chain is a decentralized and efficient public chain created by the CoinEx public chain team for decentralized finance. It provides the developers with an efficient and low-cost on-chain environment to operate decentralized smart contract applications (DApps) and store digital assets, which maintains an extremely high TPS and low transaction fees while being perfectly compatible with the Ethereum ecosystem. One month after it went online, CSC acquired support from high-quality projects such as OneSwap, MathWallet, and IFPool. Its ecosystem has begun to take shape, and the first joint mining event with OneSwap was also a great success. Different from Ethereum’s congested and gas-costly operating environment, the CSC aims to build a developer- and user-friendly network based on an improved underlying consensus mechanism, which adopts the PoS+PoA to create a CPoS consensus mechanism with unique brand characteristics to balance decentralization and efficiency. This consensus mechanism provides an on-chain ecosystem with high performance and low transaction fees, which is favored by many developers.

Ecosystem Progression from 0 to N, Ten Million Dollars for Seed Funding

Although for DeFi, the current situation is not as good as the peak of its 2020 boom and CSC can hardly ride the boom as BSC did, CSC still emerged as a result of the accumulated technical strength. The future blockchain landscape will never be an information-isolated island-like Ethereum, but a multi-chain DeFi ecosystem with interconnected values. As a rising star, the CSC draws on the advantages of other public chains and lessons for the future from a series of crises. From the research and development of the public chain to the selection of on-chain projects, CSC is always working steadily and striving for perfection. The goal of CSC has always been the same: to build the most developer-friendly ecosystem.

To perfect a high-performance smart chain ecosystem, improve its infrastructure and attract more excellent developers to CSC, CoinEx has provided a $10-million seed fund for all developers across the globe to support high-quality and potential DApps on the chain. The company has also adopted an incentive system including policies such as technology development rewards, liquidity support, strategic investment, and prioritized listings.

In the face of diversified project layouts, CSC’s seed fund will not only take form in financial support. The company has offered a three-stage incentive mechanism with rewards, respectively financial support, financial support & media publicity, and financial support, media publicity & ecosystem support. Various support models meet the different needs of ecological project developers, promote the sustainable development of the ecosystem on the chain, and strengthen the eco-value of the exchange.

(1)Financial Support

The CSC Foundation provides three tiers of financial support according to the specific condition of the projects, where high-quality strategic projects can receive up to $200,000 in financial aid. The details are as follows:

The 1st tier: $1,000 to $10,000 will be awarded to the project built by new developers ;

The 2nd tier: $10,000 to $50,000 will be awarded to the project that is built by experienced developers and has innovation in both technology and content

The 3rd tier: $50,000 to $100,000 will be awarded to the project that is built by veteran developers and is excellent in both the technology and experience.

(2)Financial Support & Media Publicity

According to the specific condition of the projects, CSC will also provide media publicity in addition to financial support for suitable applicants. For DeFi projects, including borrowing and lending, oracle, Dex, digital assets, cross-chain projects, derivatives, and yield aggregator, CSC will provide additional liquidity and media promotion support, while for infrastructure projects including development tools, wallets, and mining pools, CSC will provide media publicity, official promotion, and community promotion support.

Financial Support, Media Publicity & Ecosystem Support

For projects with technical excellence and maturity, in addition to financial support and media publicity, CSC will also provide ecosystem support, including prioritized listing, yield farming support, and ViaBTC Capital investment.

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