CSC’s $10 Million Support Plan Facilitates Win-win Cooperation between Projects and CSC Ecosystem
If public chains are parallel highways, then CoinEx is a bridge connecting them.
Developer-friendly and easy-to-use, CoinEx Smart Chain (CSC) is a blockchain compatible with Ethereum. Its full compatibility with not only the EVM but also smart contracts on ETH, BSC, and HECO means that almost all DApps, ecosystem components, and tools on Ethereum can be migrated to CSC directly or with only minor changes and users can easily access the network as well.
CSC applies PoS (Proof of Stake), together with PoA (Proof of Authority). Based on a network of multiple validators, CSC generates a block in seconds, making it a fast infrastructure for DeFi protocols.
CSC outruns the PoW-based consensus in the respect of performance (with less block time and higher transaction processing capacity). As a result, it can be flexibly managed by the community, without compromising decentralization, and provides users with a stable, secure decentralized ecosystem. At the same time, validators are motivated by CET as rewards from the amount of work they perform on the blockchain, which maintains the transaction processing speed as well as stability.
At present, driven by the CoinEx community, CSC has embraced increasing projects, developers, and builders who bring with them a number of DApps, infrastructure, and tool projects.
To sustain the growth, CoinEx is actively looking for more innovative DApps, including those from various fields such as asset synthesis, explorers, and aggregators.
Recently, with the official launch of CSC, CoinEx has announced a $10 million support fund, which is the most valuable acceleration support plan for developers. This plan aims to encourage more developers to join CSC, facilitate the application of excellent projects and improve the CSC ecosystem.
With the $10 million funds, on one hand, CoinEx hopes to provide users in the CSC ecosystem with more choices and make the ecosystem prosper; on the other hand, this move comes as a commitment to both users and project developers as the good projects discovered in this plan would benefit both. The project developers and CoinEx share the same original intention to serve the majority of crypto users and drive the development of blockchain.
So what can CoinEx bring to excellent projects on CSC?
To begin with, CoinEx will offer developers a support fund and help them with the security audit.
The security audit is the first threshold any good project must cross.
Although CoinEx does not conduct security audits on code, for the time being, it can help developers access services of security audit agencies such as PeckShield. CoinEx will provide a support fund for trustworthy projects that have passed the audit. Without the trouble of searching for such security audit agencies, developers can enjoy the fast audit services thanks to CoinEx and focus on their projects instead.
Second, CoinEx provides projects with liquidity, and those excellent can be launched on CoinEx.
Teams develop projects on CSC independently. CoinEx will incentivize the projects to pass the security audit with liquidity. As everyone knows, liquidity is the key to success in this field and only projects with sufficient liquidity can win over investors. CoinEx can provide abundant liquidity, and excellent projects may have the chance to list tokens on CoinEx in the future and enjoy a better prospect. What a golden opportunity!
Last but not the least, massive resources.
Currently, CoinEx has achieved a top-tier position in the field of centralized exchanges. Its ecosystem has been gradually expanding and improving with not only tens of millions of users, but also various resources including media information, knowledge education, incubation and financing, derivatives and financial management. All these resources and funds are available directly and simultaneously to high-quality projects on CSC, further facilitating the development of projects.
As the world’s largest digital asset exchange, CoinEx has spared no effort in ecosystem construction.
As early as this April, CoinEx announced the official launch of the CSC ecosystem acceleration plan (with a fund of $10 million). This support plan also includes liquidity for some excellent projects, in an attempt to improve the liquidity in the ecosystem and increase the TVL.
The compatibility of CSC has gradually become the bridge between various public chains, realizing one-click circulation between different network tokens. It creates more freedom for people using encryption technology and builds the synergy between centralized platform users, assets, and decentralized public chains. More application scenarios take shape thanks to its support and incubation of projects.
The CSC ecosystem will contain popular segments including DeFi, NFT, insurance, and oracle, to drive the coordinated development in multiple fields. As it draws increasing projects, CSC also makes concrete efforts to accelerate transaction confirmation and increase the depth, driving the ecosystem to move forward steadily.
In fact, what CoinEx can bring high-quality project developers goes far beyond that. Its profound accumulation and superior blockchain technology, together with high-quality projects, are sufficient enough to make the CSC ecosystem prosper. We have every reason to believe that CSC will be the top choice for more excellent projects.