New Financial Thinking Of CCSwap And New Direction Of Blockchain Landing

What is CCSwap exactly, which integrates the four concepts of liquidity mining + single token loan liquidity provision + trade mining + multi-chain?

DeFi Market Cap             Data source: Coingecko

In 2021, DeFi (Decentralized Finance) ushered in a year of rapid development. As of April 7, 2021, the total locked value of the DeFi ecosystem exceeded $100 billion for the first time, which is equivalent to the 40th largest bank in the United States, and lies between the $97 billion assets of Silicon Valley Bank and the $103 billion of BBVA.

According to this set of data, the locked value of the entire DeFi ecosystem is only $1 billion by May 2020, a 100-fold increase in just one year. Such explosive growth has confirmed that DeFi is no longer the so-called pseudo-demand, and people are discussing more about the height of the DeFi ecosystem in the future.

All kinds of the DeFi projects can reach a state of cooperation and complementarity, resulting in the birth of many unique and innovative star projects in the DeFi ecosytem such as Alpha, Compound, ChainLink and so on. Through collaboration and combination, various DeFi projects can increase mutual liquidity support, the utilization rate of funds, etc., while CCSwap is to make changes to the original contract trading platform--CCFOX, based on the existing DEX and CEX, to achieve the dual attributes of CeFi and DeFi. This is exactly what CCSwap is focusing on.

According to some rumors, CCSwap, will overturn the previous centralization and decentralization, integrating the four concepts of liquidity mining, single token loan liquidity provision, trade mining and multi-chain.

Starting off with trade mining. Anyone who participates in a transaction on the CCSwap platform can be regarded as mining. CCSwap innovatively adopted the incentive measures of "take it from the people, use it for the people" and the idea of benefit sharing. It has undergone bold reforms and innovations in its incentive mechanism, making the incentives of tokens controllable, which is also calculated and distributed by the smart contract, thus realizing the open, fair and just of rewards. Technically, it makes the upgrades and reforms that cannot be done by those centralized exchanges come true.

The next is the innovative single token loan liquidity provision, which simplifies the whole trading process. By providing a single token, users can add liquidity to token pairs, thus reducing the complexity and management overhead caused by purchasing matching cryptocurrencies, improving the utilization of funds, and obtaining excess returns. In addition, CCSwap will activate a lending feature, so users are able to deposit a single token to acquire both lending and mining benefits at the same time.

The distribution of transaction fee income on the entire platform is also very interesting. It maintains a transaction fee rate of 0.3%, of which 0.25% belongs to the LPToken holders, and the remaining 0.05% is used to repay traders, the CC buyback and burning plan.

40% of the fees belongs to traders; 40% is used to repurchase CC for burning, the remaining 20% goes to the daily lottery. The prize pool opens every day, and all winners share the current prize in proportion to their transaction amount. If no winner appears in that round, the prize will roll over to the next round. By conducting a transaction on the platform, each trader can get a chance to participate in the lottery draw.

The repurchase of CCSwap brings about a self-driven value cycle. Both CCFOX and CCSwap’s transaction fees are partly used for token repurchase and burning. Through trade mining and repurchase, the internal cycle of transaction and token economy is truly realized, and the profits of traders, liquidity providers and token holders are guaranteed. CCSwap’s traders have gained profit growth by trade mining, and transaction fees for repurchase provide CC holders with holding dividends and support the token price stability in the long run. In the end, the support of CC price not only benefits traders and token holders, but also promotes the constancy of trading volume. Based on that, the core position of CC in the ecosystem is actualized, and CC holders (the real shareholders) can enjoy the price rise dividend from CC buyback and burning using the transaction fees.

CCSwap is positioned as an innovative decentralized multi-chain AMM trading platform that enables its users to mine assets on different public chains. Users only need to deploy a multi-chain AMM smart contract on CCSwap to initiate a deposit request to the CCSwap hosting. According to the status change of the hosting account, the smart contract can conduct the token minting in CCSwap/ETH, and generate corresponding tokens for users’ accounts on ETH or CCSwap, thereby completing the multi-chain mapping of tokens for multi-chain mining. After paying the Gas fee on the CCSwap, users are able to mine the DeFi assets on the Ethereum, which offers miners of the CCSwap ecosystem a higher APY mining strategy. Liquidity mining, single token loan liquidity provision, trade mining, multi-chain is a perfect combination. Single token loan provides users with liquidity in pairs, reducing the complexity and management expenses of buying matching tokens. Therefore, higher liquidity and more mining strategies for digital assets on the CCSwap platform can be accomplished.

Let’s look forward to the development of CCSwap in the future, and I will continue to follow its trends and share them with you. Not only because I am very optimistic about this project. More importantly, this is, after all, a major strategic layout of an industry leader, no matter from the perspective of research or investment, it is worthy of attention.