FibSwap A New Type Of DEX: A Brief Overview
Ever wanted to swap an ERC20 token for a BSC token?
Have you ever wished you could trade the latest hot crypto project on Binance Smart Chain but found you only have ERC20 tokens in your ETH wallet?
What if there was a one button solution where you could save the time and effort using the Binance Bridge to move and swap tokens from the ETH network to the BSC network.
Now there is — FibSwap
On the 19th July 2021 at 11PM UTC FibSwap will launch on Unicrypt and is expected to sell out in seconds.
After a successful private round the FibSwap team are hoping to raise 1,000 BNB between the Unicrypt launch and the Private round.
What is FibSwap?
The FibSwap DEX is an Interoperable Multi-chain Bridge System (IMBS) DEX which utilizes the FibSwap Smart Algorithm.
This creates a bridge to swap tokens from one chain to another in one seamless, instant transaction.
FibSwap will have the lowest fees on the market too with its unique lowest fee swap aggregator.
$FIBO, is the governance token of FibSwap DEX, all fees and internal accounting will be in $FIBO tokens. Users of the platform will need $FIBO tokens to swap between chains which will further reduce the supply helping to increase the price longer term.
What Problem Does FibSwap Solve?
- Time Consuming:
Just now, trying to swap tokens from one chain to another takes time and effort on the users part. Using the Binance bridge or the Matic bridge is just too much effort for anyone.
FibSwap aims to make it as easy to swap tokens from different chains as it is to swap on single chain DEXs like Uniswap and PancakeSwap.
2. Too Technical
If you’ve ever tried swapping tokens from one chain to another you’ll know it can be tricky wrapping your head around what you have to do.
Using FibSwap to swap an ERC20 token to a BEP20 token takes 10 seconds and can used by someone who is completely new to crypto.
3. High Transaction Fees:
Trading cross chain can be costly swapping from one chain to another. It’s this cost that has put a lot of people off trading crypto with crypto projects losing out on millions of dollars.
The $FIBO token will help to lower fees across all chains. By holding FIBO tokens users will know exactly how much each transaction will cost.
4. No Trust In CEXs
Centralized exchanges are becoming less and less trusted as hackers are finding more and more vulnerabilities and stealing tokens from users of the CEX.
The goal of FibSwap is to provide a safe place to trade your valuable crypto while remaining decentralized. We are loyal to our holders, and that gives us the means to grow exponentially and create one of the most trusted DEXs in the crypto space.
Total Supply — 10,000,000,000
Circulating Supply at launch — 4,830,000,000
Presale Token Price — $0.00012
Initial Market Capitalization at Launch — $580,000
Team tokens will be locked for 1 year (15%)
Dev tokens will be locked for 6 months (10%)
LP tokens will be locked for 1 Year (13.2%)
$FIBO Allocation of Funds
Our roadmap focuses on the development of FibSwap and to bring as much value to our investors as possible.
Possible Future ROI For Investors
Okay a lot of investors are inevitably here to make money and we understand that so we have put together something that can give you a visual representation of what future ROI could look like.
If FibSwap can capture even 0.5% of the overall market cap that would give us a market capitalisation of $415 Million, which would put us on a multiple of 345, meaning if you invested $1 at the beginning you might get back $345 when the market cap reached $415 Million.
Let’s take a look at some possible future numbers with the FibSwap Moon Sheet.
Get ready, Get set, GO GET $FIBO!
Our presale is right around the corner launching at 23:00 (UTC) Monday, 19th July 2021.
Join our Telegram group for more details of the launch and how you can get in on this early.