BSCex (BSCX) price, marketcap, chart, and fundamentals info
BSCex is an unsupervised, decentralized cryptocurrency exchange focused ecosystem that runs on Binance Smart Chain (BSC).
BSCex's mission is to provide Binance's off-chain services on the blockchain. Developing applications on BSC and promoting decentralized finance features that allow users of the ecosystem to earn tokens and gain many other economic benefits.
What are BSCex products?
SwapX is a key product of the BSCex ecosystem. It's similar to Binance's Liquid Swap but much more premium. Binance's LiquidSwap is a centralized service that supports swaps between stablecoins and fiats while SwapX supports more stablecoin and crypto pairs.
For example, SwapX users can easily swap between BUSD and USDT. SwapX will help users find the best rates and liquidity to facilitate trading. On December 19, 12, SwapX's TVL was over $ 2020 million.
The problem with most DeFi projects launched on BSC is the slippage of liquidity:
- Slippage is closely tied to market depth and measures the difference between the expected price of a trade and the price reached after its execution.
- A high level of slippage often indicates a less liquid market.
SwapX solved the lack of liquidity by using a unique technology called Cross Liquidity Layer 2 to facilitate transactions with minimal slippage.
LaunchpadX is an online version of Launchpad on Binance. This is the platform for crypto startups to raise their capital through a process known as IDO (Initial Dex Offering).
The difference here is that only those who won the LaunchPadX LuckyStar ticket are eligible to join IDO. To win tickets, participants must hold tokens of the liquidity provider (LP) of the BSCX-BUSD pair.
LaunchpoolX is the online version of Launchpool on the Binance exchange. LaunchpoolX allows you to use your tokens and the liquidity provider (LP) tokens of the BSCX-BUSD pair to farm (earn) the new token for free.
The amount of tokens you earn per day is proportional to the number of tokens you signed up to the pool to the total number of tokens registered to the pool. The tokens you earn will be distributed to you in real time. You can accumulate a brand new coin, free.
DexX is the DEX exchange of the BSCex ecosystem built on the Binance Smart Chain. DexX will deploy our protocol and technology (AMM +) to get the best of Binance Smart Chain liquidity to facilitate its on-chain order.
DexX will have all the functions of a centralized exchange and many types of market orders (limit, market, stop-limit and stop-market ...)
What is BSCX token?
BSCX tokens are mined by Liquidity Mining. It is governance token and equity of the BSCex ecosystem.
Basic information of BSCX
|Blockchain||Binance Smart Chain|
|Total Supply||100.000.000 BSCX|
Distribution of BSCX tokens
- Total Supply: 100,000,000 BSCX
- Farming: 96,800,000 BSCX
- IDO: 2,000,000 BSCX
- Liquidity 1 (After IDO): 422,806 BSCX
- Liquidity stage 2: 577,194 BSCX or burn (Vote on community for final decision)
- Airdrop: 200,000 BSCX
What is BSCX coin used for?
User hold BSCX can participate in liquidity farming, IDO (LaunchpadX). There are many other activities on other chains of the BSCex ecosystem to ensure the economic benefits of the token holders of the project.
Contract BSCX through a completely fair distribution mechanism. To ensure that no one can disrupt the fairness of the ecosystem.
Evaluate the potential of BSCX
BSCex technology focuses on a unique technology called Cross Liquidity Layer 2. This technology utilizes the liquidity of AMM popular on BSC such as Pancakeswap, BakerySwap, BurgerSwap to provide better yield farming and liquidity service for cryptocurrency traders and yield farmer.
Depositors provide liquidity to the market to earn passive income in the form of BSCex's BSCX tokens.
As introduced, the project products include SwapX, LaunchpadX, LaunchpoolX, DexX. The key product of the ecosystem is SwapX, let's learn a little more about it:
The BSCex aggregator will find the most liquid AMM among the BSC AMMs to divide, execute and execute user orders. Most AMMs have low liquidity and large price impact (slippage) on most transactions.
Users cannot execute orders with large volumes without causing large slippage. BSCex Aggregating Engine will divide orders into parts and execute each part in different AMMs to reduce the risk of slippage.
For example: User BSCex wants to swap 2000 BUSD to BNB. BakerySwap's slippage against 2000 BUSD in the transaction volume is 0,2%. Every $ 500 in volume will cause a 0,05% slide. While the PancakeSwap slip is 0,12% and the $ 500 volume will cause a 0,105% slide.
The BSCex aggregator will calculate and divide 2000 BUSD into 2 smaller orders:
- 1 order 1363,636 BUSD is made on PancakeSwap
- 1 other order 636,364 BUSD is made on BakerySwap.
- Total impact / slippage is 0,097%. Much lower than executing an instruction on a single AMM.
In the meantime, BSCex is leveraging PancakeSwap's liquidity for the ecosystem's IDO. The upgraded integration and Cross-Liquidity Layer 2 integration of BSCex will be realized after IDO ends.