FibSwap — December in Nutshell
December has been an eventful month for FibSwap, with various mentions by prominent crypto publications and influencers of the crypto world. Let’s take a quick look at all that happened in December.
The BitMart Hack
FibSwap was featured on Business in Asia, when news came out on the BitMart hack. The article was about the dark history of centralized exchanges with the recent hacks and featured FibSwap as a prime, safer alternative with its decentralized approach and several security features that make it safe and secure for all users.
FibSwap was covered by the prominent crypto publication Crypto Potato that discussed our deflationary token model that ensures increased profits for the investors and constant growth of the ecosystem.
FibSwap is a cross-chain platform that is helping to conjoin the fiat and decentralized world using its variety of products. This ability of FibSwap to combine the crypto and cash world was featured on Bitcoinist.
Launch of FibSwap app on Android
FibSwap achieved a significant milestone this month by releasing the World’s First DEX as an application on Android. FibSwap announced the launch of the app, which will be available on 4th January 2022 for Android devices,soon to be followed by the launch for iOS devices.
The launch date was announced on BeinCrypto and was enthusiastically celebrated by the community and users.
FibSwap is powered by the $FIBO token, a governance token that is also used for accounting for all fees and internal transactions. The users of FibSwap can swap between different chains only with the help of $FIBO tokens which correspondingly reduces the token supply to help increase the price in the longer term.
The $FIBO token has grown exponentially with a 50% price pump in the last two days.
FibSwap is conducting a giveaway campaign where two winners will receive $500 worth of $FIBO each. The users must answer five trivia questions about the project on the FibSwap Twitter account to win the campaign, and the winner will be decided randomly.
Reviews by prominent crypto influencers is a significant achievement as it strengthens the trust and reliability of the project. FibSwap was recently reviewed by Dapp Centre, a popular YouTube channel with over 50k subscribers that features promising crypto projects.
December has been an eventful month for FibSwap, with several exciting updates. However, we are just getting started and have several more announcements in the pipeline for the next year. Stay tuned!
The FibSWAP has developed a new type of DEX, Interoperable Multi-chain Bridge System (IMBS), that utilizes FibSWAP’s Smart Algorithm to streamline cross-chain token swaps. Users can use the bridge to swap tokens from one chain to another in a seamless and instant transaction. Moreover, the DEX has the lowest fees on the market paired with the unique lowest fee swap aggregator.