Within 25 days, the $Fon token from FstSwap had a massive rise in value with a surge in its total liquidity.
Going Against the Bear Market
$FON token by FstSwap surges to $27 from just $1 in 25 days as the total liquidity rose to $1.18 billion on May 23. With this recent development, FstSwap announced some updates, including changes to its user interface.
While other coins are suffering in this downturn of the market, this surge has come at a time when all other protocols are trying to make a comeback. Nevertheless, the price has dropped within a few days to a present $18.82, which is still noteworthy.
The $FON token supports the entire ecosystem of FstSwap and is earned through farms and liquidity pools. The AMM protocol on the BNB Chain had liquidity totaling $839.03 million on May 7 but exceeded the billion-dollar benchmark within two weeks. FstSwap also made several updates to its UI to cope with the surge in $FON token and user interest. https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3JlZnNyY19zZXNzaW9uIjp7ImJ1Y2tldCI6Im9mZiIsInZlcnNpb24iOm51bGx9LCJ0Zndfc2Vuc2l0aXZlX21lZGlhX2ludGVyc3RpdGlhbF8xMzk2MyI6eyJidWNrZXQiOiJpbnRlcnN0aXRpYWwiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3R3ZWV0X3Jlc3VsdF9taWdyYXRpb25fMTM5NzkiOnsiYnVja2V0IjoidHdlZXRfcmVzdWx0IiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1529379134253563906&lang=en&origin=https%3A%2F%2Fwww.bsc.news%2Fpost%2Ffstswap-unveils-updates-as-fon-token-surges&sessionId=83a345d7c3074fcf8f5781856b5182d9a98fd1a0&theme=light&widgetsVersion=c8fe9736dd6fb%3A1649830956492&width=550px
FastSwap’s tweet indicates a surge in price after the FstSwap audit report was released on April 28. The audit report was prepared by Certik and Beosin. According to the Certik report, there are no critical vulnerabilities but two major ones in the centralization category, of which one is resolved, and the other acknowledged. According to Certik, FstSwap has a security score of 81. Additionally, the security audit report by Beosin was also published, which can be viewed here.
Within the last few days, FstSwap brought a myriad of updates, some of them are as follows:
A new user interface has been implemented.
It is now possible to create nodes, and FRT can be staked. Node reward will start at block #18272080.
Within less than three months of its launch, FST Swap has attained important checkpoints, starting with introducing the OSK token on the BNB Chain. After that, FstSwap joined forces with several protocols such as BitKeep, AveAI, and sgSender. In addition, FstSwap has also announced a partnership with SpacePi, which will add FIST and SpacePi liquidity to FstSwap.
BSC News contacted the FstSwap team for more information on the recent updates, but we didn’t get any response.
What is FstSwap:
FstSwap is an automated market maker (“AMM”) that allows two tokens to exchange on BNB Chain. According to the FstSwap docs, the protocol has a strong community effect, globally distributed community nodes, and innovative references to Swap node elections, making the entire Swap ecosystem more active and attracting more traders to use it. Users can utilize the $FIST token to exchange in and out of FstSwap, and the total supply is limited. On the other hand, FON is a token that supports the entire ecosystem of FstSwap and is earned from farms and liquidity pools.
Where to find FstSwap:
Source : bsc.news
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