The blockchain world has evolved to this day, and openness and transparency are still the main ideology, which is obviously difficult to match the existing business system and the actual needs of Web 3.0 in the future. Findora is one of the few public chains with privacy in the current blockchain world, and it can be compatible with Ethereum and can also be linked with other ecosystems, so that privacy can be further extended to other ecosystems, of course, we have reason to believe that PriFi will be a new hotspot in the near future.
After Findora successively launched infrastructure such as EVM (Ethereum compatible) and cross-chain bridges, the ecosystem entered the cold start stage, and FairYSwap, as the DEX of the first AMM model in the ecosystem, also provided incentives for this cold start.
As the first AMM DEX built on Topora EVM, FairySwap inherits some of the features of Findora's underlying layer, which itself is based on two zero-knowledge proofing technologies, Bulletproofs and Soupersonic, that provide programmable privacy and hide specific data from other users on the blockchain.
FairySwap itself has the characteristics of privacy, efficiency and security, which can provide users with private transactions and ensure the security of user transactions. FairySwap itself is also a 100% community-driven, fairly initiated DEX project that is governed by the FAIR TOKEN. The FAIRY token will not be distributed to teams, investors, advisors or any type of insider, totaling 10 million, of which 97% will be used for community vaults and distributed through liquidity mining, and another 3% for other community incentives such as airdrops.
At present, FairySwap is not officially launched and is in the early "cold start" stage, and all users who participate in the early cold start can be rewarded in the form of "lossless mining". FairySwap has now completed CertiK's security audit of the code and contract, which means that all the deployments of FairySwap at this stage are safe and reliable, and after the end of the "cold start", it is officially launched and liquidity mining, which means that the FiFi ecology based on Findora is about to set sail, and FairySwap has started the first shot and become the pioneer of the Early PriFi ecology.
About The Cold Start of Fairy Swap
Findora is a multi-chain ecosystem, the system itself contains two chains, one is UTXO as the main asset transaction model, we can call it UTXO chain, the other is to support EVM and all smart contracts, DAPP will be deployed on the EVM chain. All assets in the early stage of the Findora ecosystem are on the UTXO chain, and after the EVM chain is developed and launched, only the assets in the Findora ecosystem can be "cross-chained" from the UTXO chain to the EVM chain in the form of atomic exchange to further use the application in the Findora ecosystem. At the beginning of the current ecological stage, users will transfer FRA (native tokens on Findora) from the UTXO chain to the EVM chain, which is the early "cold start" we mentioned above.
During the cold start, all users who complete the above FRA asset transfer will be able to receive the reward of the FAIRY token, that is, "cold start" mining, and the user will be able to participate in it in a lossless form.
It is understood that from January 8 to January 20, the "cold start" mining activity will be launched, and a total of 20,000 FAIRY tokens will be rewarded to participating users every day, and a total of 240,000 will be rewarded for 12 days. The reward received by the user will be transferred according to the amount of contribution and weight distribution of the FRA token contributed during the cold start. At present, the annualization rate of "cold start" mining is super high. FairySwap will be officially launched on January 18, and small partners can observe the progress in real time in the official website fairyswap.finance
In addition to participating in the cold start, joining the community to complete tasks and filling out the form will also receive a FAIRY reward in the form of an airdrop, which totals 60,000 FAIRYs.
After the end of the "cold start", FairySwap will officially open liquidity mining on the Findora EVM chain, and the income of the head mine can be expected, and the small partners will continue to pay attention to FairySwap's Twitter, Muedim (related links) and other media at any time.
AS a governance token on FairYSwap, FAIRY will continue to empower holders, and the community will also regularly make profits such as FairySwap's fees and repurchase FAIRY to promote deflation and empower holders and community users.
In addition, FairySwap will also build a metaverse ecology with privacy characteristics in the future, and introduce the NFT fairy element, and FAIRY will also play a very important role in it, which is worth looking forward to.