LFGSwap is giving the community $10,000 worth of USDT following a massive IDO success. The achievement also illustrates the huge interest in the Core ecosystem.
Giving Back to The Community
Top Decentralized Exchange (DEX) on the Core chain, LFGSwap, celebrates its Initial DEX Offering (IDO) by rewarding the community with $10,000 worth of USDT (Tether).
The amount raised during the recently completed IDO surpassed the expectations of the DEX. According to the team’s statement to BSC News, the fundraising target was 25,000 CORE. However, users raised 402,095 CORE, representing the biggest IDO on the Core network.
“LFGSwap’s first IDO on the Core chain has raised 402,095 Core, with a fundraising target of 25,000 Core. It is already the first and largest IDO event on the Core chain,” LFGSwap told BSC News.
Following the notable milestone on the Layer one blockchain, LFGSwap will reward 100 users participating in the giveaway program. Users can earn from a prize pool of $10,000 USDT. The protocol shared details of the event on February 18 via Twitter.
Huge Interest in The Core Ecosystem
The IDO success illustrates the interest in the Core ecosystem. LFGSwap’s tweet on February 18th disclosed that users filled over 1600% of the pool during the IDO.
Shocked at the outcome, the DEX revealed to BSC News that most of the IDO participants were from other blockchain ecosystems.
“Most of the participants in this IDO are users from other public chain ecosystems. There seems to be evidence that users of other chains are migrating to the Core ecosystem. This is another milestone for LFGSwap. We have seen more developments in the Core ecosystem potential and future,” the team said.
Core DAO’s capabilities are unmatched in the crypto space, attracting numerous users. This is because of the Satoshi Plus Consensus mechanism, designed to solve the “Blockchain Trilemma” by offering decentralization, security, and scalability for the Core community. LFGSwap’s success is just a start to more mainstream adoption in the blockchain industry.
What is LFGSwap
LFGSwap is a Decentralized Exchange (DEX) built on Ethereum Proof of Work (ETHW) and, most recently, Core. The DEX offers users a product suite with services like Farming, Staking, Swapping, and more. The LFG token is the protocol’s native cryptocurrency.
Where to find LFGSwap:
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem’s history and an even greater excitement for Core’s role in its future.
Where to find Core DAO:
Source : bsc.news
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