The launch of GIBXSWAP is one of the explosive events in the second half of this year. Since the listing, members and investors have also been paying attention to the dynamics of GIBXSWAP. On the day of listing on CoinMarketCap, it soared all the way, and a series of dazzling results gave investors reassurance.

What attracts global attention is that GIBXSWAP will launch a new decentralized currency. The new currency will be the core token of the GIBXSWAP platform, which can be used for voting, repurchasing, fundraising, trading, and currency earning. The main reason is that the circulation of the original GUSDT™ market has gradually increased, and the market value urgently needs a larger carrier to achieve breakthrough growth. The market needs new currency to stimulate. The maximum supply of new currencies is 1 billion, and the block reward is 20 new currencies for each block. The open-source code of the new currency is audited by professional organizations such as Ernst & Young and Deloitte, ensuring safety. At the same time, the new currency will support the decentralized cross-chain transaction protocol of BSC, HECO and ETH, using “dual mining incentives through liquidity mining and transaction mining.” It can enable participants to get the maximum return, seamlessly integrate with Binance and Huobi’s huge global traffic and head resources.

GIBXSWAP is an automated market maker (AMM) that allows users to exchange two tokens. The liquidity provided to the exchange comes from liquidity providers (“LP”) who place their tokens in the liquidity pool. In exchange, users get LP tokens and can also stake these tokens to earn X tokens in the “pool”.

When users perform token swaps (transactions) on the GIBXSWAP exchange, a 0.3% transaction fee will be charged, as follows:

• 0.15% is returned to the liquidity provider in the form of a fee reward
• 0.10% deposited in the national treasury
• 0.05% is used for X token burning

What has attracted the attention of the world is that GIBXSWAP launched a new decentralized currency “X”. The new currency is the core token of the GIBXSWAP platform, which can be used for voting, repurchasing, fundraising, trading, and earning coins. The emergence of “X” is mainly due to the gradual increase in the circulation of the original GUSDT market, and the market value urgently needs a larger carrier to achieve breakthrough growth; the market needs new currency to stimulate. The maximum supply of “X” is 1 billion, and the block reward: each block rewards 20 “X”s. The “X” open source code is audited by professional organizations such as Ernst & Young and Deloitte, ensuring safety. At the same time, “X” supports the decentralized cross-chain transaction protocol of BSC, HECO, and ETH, and uses “dual mining incentives through liquidity mining and transaction mining”, which allows participants to obtain the greatest return and seamlessly integrate with the Binance and Huobi huge global traffic and head resources in GIBXSWAP.

After the launch of GIBXSWAP, the multi-chain DEX model was implemented. It is first launched on the BSC Binance Smart Chain, then launching it on the Huobi Ecological Chain (HECO) and Ethereum and other ecological chains, integrating the low transaction fee of Huobi Ecological Chain HECO and Binance Smart Chain BSC and the advantages of the prosperity of the Ethereum ecosystem, support the “dual mining mechanism” of liquid mining and transaction mining, which will enable it to achieve the maximum drainage effect and high-quality user experience. Platform services include staking pools, liquidity mining pools, DEXs, cross-chain asset bridges, and other ecology. 

In the view of the GIBXSWAP team, the first important point of DEX is to truly achieve decentralization. In the past, centralized exchanges were at the top of the food chain of the digital currency industry. Regardless of whether the market was bullish or bearish, the market was hot or deserted, the exchanges had been relying on listing fees and transaction fees to ensure their income due to droughts and floods. Therefore, the exchange has always been very strong in the face of users, putting platform interests above users’ interests. What’s more, in order to obtain greater benefits, they gave up their integrity and bottom line and began to use illegal methods. At this time, the team behind the GIBXChange platform also discovered some unavoidable problems in the decentralized exchange during the operation process. For this reason, the core essence of GIBXSWAP was created to avoid the disadvantages of decentralization and achieve the advantages of decentralization.

At the same time, GIBXSWAP has no private equity, no pre-mining, and is committed to building a new community-oriented DEX and ecosystem. It will realize the advantages of low slippage, fast speed, fund security, and optimal price, and quickly become the market leader. Its professional and experienced team makes the platform safer, more stable, and efficient, and it also makes investors’ and users’ assets more secure.