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How CESWAP Became The Second Generation Decentralized Exchange

Published

3 years ago

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We all know that blockchain technology has only started since 2008 and has evolved into an entire industry. Many cryptocurrencies are entering the market at a rapid pace, and new blockchain technologies are emerging in the cryptocurrency scene to support the wider acceptance and application. Beyond that, most exchanges in the cryptocurrency are centralized, which has been the norm so far. Imagine the irony of cryptocurrencies talking about economic decentralization being traded and stored in centralized exchanges and wallets. Fortunately, this model is also changing, as many people in the cryptocurrency believe that the era of centralized cryptocurrency exchanges must come to an end.

In the last article What is the future of blockchain, the final solution of the centralized exchange has mentioned.

Decentralized exchanges are based on the blockchain and do not store user funds and personal data on centralized servers and are managed by institutions. Instead, they match buyers and sellers of digital assets through smart contracts for point-to-point transactions.

Decentralized exchanges are an important part of decentralized finance (DeFi), which has higher barriers to use but lower moral, technical and regulatory risks than centralized finance (CeFi).

Today we’re going to talk about the characteristics of CESWAP. CESWAP is the second generation of an entirely new decentralized exchange, which is still constrained by the performance of the underlying public chain and will run on smart contracts.

CESWAP uses the platform governance token CE to expand the entire incentive mechanism, so as to encourage and expand the platform users at the same time, enabling them to have a smooth and healthy childhood period. CESWAP knows what users mean for an exchange, and that’s the significance to launch the CE in the early period of launching online.

Because the CE’s rewards could attract enough users for CESWAP to get through its infancy period. At the same time, the strong user base will provide CESWAP with an extremely deep trading depth and sufficient security support for trading large digital assets, and the actual price difference due to the slippage won’t appear in CESWAP. The CE will be launched as soon as the platform is launched, and it will be endowed with great capabilities:

  1. As 10% to 50% of the transaction fee, you will receive an airdrop of the equivalent value of platform token;

2. Whether the new currency can be listed or not shall be decided jointly by the holders of the platform token, instead of charging listing fees and so on, which to completely solve the current disordered trading environment;

3. The holder of platform token can enjoy 80% of the platform’s rewards and continue to use the service charge to destroy the platform token;

4. Investment properties of platform token brought by the above applications.

We found that the detailed allocation mechanism in the token allocation introduction of the CESWAP white paper, where only a small portion of the token is allocated to the early subscription, user expand bonus, and development team bonus. Most of it is used for liquidity mining rewards.

We noticed that 800 million of CE were mined by smart contracts by the POS+POW+LP dual consensus mechanism. The whole network hashpower of block rewards for CE is 1000 for every 10 minutes (including POS for 1000 every 10 minutes and POW for 1000 every 10 minutes  and LP for 400 every 10 minutes). In order to achieve better development and sustainability of CE, when the number of common target addresses increases by 5000, the output will decrease by 5%, and so on. With the increase of hashpower of the whole network, the mining difficulty will become even higher. When the number of users has skyrocketed, then the consensus value of CE will also become even higher.

1. CESWAP, the Second-generation Decentralized Exchange Platform

2. CE is the governance token of CESWAP platform, the total number is 1 billion.  800 million for mining, 100 million for original subscription, 50 million for team development rewards, and 50 million for initial node rewards

3. Six advantages of CE: Safety, Freedom, High Income, value Increase, Trust, and Scientific Mining.

4. Six advantages of CESWAP

Security of Over 80% Principal

Completely Free Leaving or Staying Mechanism

Super High Return Income

Complete CE Value Increasing Logic

Absolute Trust

Scientific Mining Mechanism

The USDT or ETH assets held by the user are the user’s POS basic hashpower. The ratio of 20% of the assets to CE will generate the hashpower of the optimal balance algorithm, and the asset utilization rate is the highest. Otherwise, and the minimum value of the mainstream assets and the CE assets is the effective hashpower after the CE assets are multiplied by 5 times. The POW hashpower of the user is determined by the effective POS hashpower of each user in the user consensus group.

CESWAP is different from previous exchanges in that all of the users participating in the CE liquidity mining have the assets they deposit and the rewards from the mining in their hands. Different from previous projects, users will deposit the assets in their own wallets for mining ensures the security of more than 80% of the principal of the user’s assets.

Within the CE mechanism, there are no mandatory restrictions for all users. The user can choose freely to participate in CE mining. Every user only needs to pledge 20% of the principal of CE to have hashpower and obtain rewards by POS mining, and through CE liquidity mining can also have POW hashpower and obtain corresponding rewards. The CE has a super-high POW mining rewards, which encourages the formation of consensus relations. With the increase in the value of CE, users can get the double benefits of mining rewards and currency appreciation.

As I said just now, every user involved in liquidity mining needs to pledge CE of 20% of the principal value of mining, which also ensures that the premise of CE mining is to provide sufficient market purchasing power; The model of periodic decline of mineral extraction with increasing address number also provides the possibility of sustainability for CE. The complete economic logic will lead to a steady rise in the value of the CE.

The CE has dual consensus mechanism, and this mixed consensus mechanism provides equal opportunities for all miners, and any group can participate in the mining. The way of POS and POW double blocks output way will provide two-way selectivity for users to participate in the liquidity mining. At the same time, the rule of increasing address and decreasing output can also promote the sustainable development of CE. The value of CE will be guaranteed with the increase of hashpower and mining difficulty of the whole network.

In conclusion, CESWAP will welcome all blockchain applications to CESWAP with an open mind and guide all platform users to create the most secure, convenient, efficient and rich world-class decentralized exchange together.

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Alex Jacob

Alex Jacob is a literature author. He was born in Chicago. Alex passion is writing news articles. He writes number of articles and published it.

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Press Release

The Golden Ticket MEME Token Is Set For Public Launch On Solana Network

Published

22 mins ago

on

April 23, 2024

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The Golden Ticket are crypto enthusiasts with experience in the sector who have seen enough of failed projects and let down communities that have decided to create the confidence with a community driven meme token.

The Golden Ticket is expected to drop by the end of April and have been actively posting on their Twitter/X page with updates! Recently, Mark Mugen, professional MMA/UFC fighter and actor has shown a lot of interest in the project as well. You can see the TikTok here…

https://x.com/TGTSolana/status/1782114957913469074

When and where is it launched? 

The liquidity will be burnt and minting/freezing will be revoked as the project will be launched on pump.fun and from there will bond on to a dex with no pre-sale and a fair launch to allow ample opportunity for those interested. Expected launch date is the last week of April 2024, as the team was very well informing their followers that they wanted to wait for the right market conditions in their professional and experienced opinion.

MEME tokens within the space

Recently, meme tokens have taken the space by storm with multi-million dollars in market cap. It seems with the right team behind it and a strong community, sky’s the limit! We do not offer financial advice, and encourage everyone to do their own research.

To learn more about The Golden Ticket and join their community, follow the links below.

Telegram Twitter Website     

Media Details:

Daniel Hugill

Website – https://www.thegoldenticket.xyz

Website email – [email protected]

Location – Prescot, UK

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Cloud PR Wire

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Press Release

Revolutionizing Social Networking: XAIVoice Leads the Charge

Published

51 mins ago

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April 23, 2024

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In the ever-evolving landscape of social networking, one platform stands poised to revolutionize the way we connect, collaborate, and communicate. XAIVoice, a pioneering venture at the intersection of human intelligence and artificial intelligence (AI), is set to redefine the future of online interaction.

With its official launch, XAIVoice is making waves in the digital sphere, offering users a dynamic platform where AI-driven innovation enhances every aspect of their online experience. From intelligent chat moderation to personalized recommendations, XAIVoice leverages cutting-edge technology to create a space where human connection thrives.

But what sets XAIVoice apart from other social networking platforms? The answer lies in its forward-thinking approach to integrating AI into every facet of its operation. By harnessing the power of AI, XAIVoice enables users to engage in more meaningful conversations, discover new opportunities, and unlock their full potential.

Imagine a world where chat rooms become virtual hubs of innovation, where diverse voices come together to solve complex problems and drive progress. In this advanced world, AI assistants seamlessly anticipate users’ needs, offering valuable insights and facilitating intelligent conversations.

In the future envisioned by XAIVoice, collaboration knows no bounds. Users from around the globe unite on the platform, leveraging AI-driven tools to tackle global challenges, foster creativity, and forge lasting connections. Through shared experiences and collective intelligence, XAIVoice becomes a catalyst for positive change in the world.

But the impact of XAIVoice extends beyond the digital realm. As AI technology continues to advance, XAIVoice envisions a future where its platform plays a central role in shaping the way humans and AI interact in all aspects of daily life. From education to healthcare, from business to entertainment, XAIVoice becomes an indispensable tool for enhancing human potential and driving progress.

As we embark on this journey into the future, XAIVoice invites users from all walks of life to join its community and be part of the revolution. Together, we’ll redefine the way we connect, collaborate, and create in the digital age.

In conclusion, XAIVoice is not just a social networking platform – it’s a vision for a better, more connected world. Through innovation, collaboration, and the power of AI, XAIVoice is leading the charge towards a future where human potential knows no bounds. Join us on this transformative journey and be part of history in the making.

For more information, visit www.xaivoice.net

Twitter: https://twitter.com/XAI_Voice

Contact:

Company Name: XAI Voice

Contact Person: Till Fleming

Email: [email protected]

City: Frankfurt

Country: Germany

Website: https://xaivoice.net/

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Press Release

Cyberbay and TMG Security Jointly Launch “Learn and Earn Program” to Address Critical Shortage of Cybersecurity Researchers Globally

Published

2 hours ago

on

April 23, 2024

By

Hong Kong S.A.R., 23rd Apr 2024 – In a collaborative effort to combat the escalating issue of cyber threats and the talent gap in the cybersecurity sector, Cyberbay is delighted to partner with TMG Security to unveil the “Learn and Earn Program.” This innovative initiative is designed to nurture the next generation of cybersecurity talents.

The global landscape has seen a disconcerting surge in cyber attacks in recent years, leading to a shortage of cybersecurity professionals. Cybersecurity Ventures reports that by 2025, the annual cost of cybercrime is expected to surge to over $10.5 trillion. Furthermore, they predict a global cybersecurity workforce gap of 3.5 million professionals by 2024. This shortfall, amplified by the rapid digitization of industries and the expansion of cloud computing, all contribute to an enlarged attack surface for cybercriminals. In light of these pressing matters, Cyberbay and TMG Security have strategically partnered to confront this issue.

The “Learn and Earn Program” offers an expertly designed curriculum of real-world bug bounty courses. The program enables participants to develop crucial cybersecurity skills while earning rewards for successful bug discoveries. This blend of theoretical knowledge and hands-on experience equips students with the necessary tools and expertise to effectively counter evolving cyber threats.

Cyberbay’s bug bounty platform serves as an essential instrument for TMG cybersecurity students to hone their skills and contribute to the security landscape while earning financial rewards. This provides a distinctive opportunity for students to assess various systems for vulnerabilities and identify potential security flaws. Participants in the Cyberbay bug bounty program can apply the theoretical knowledge they gleaned from the TMG courses to gain practical experience.

Felix Kan, CEO of Cyberbay, expressed his enthusiasm regarding the partnership, “We are excited to launch the Learn and Earn Program. This initiative empowers students to develop vital skills while offering organizations a continuous security assessment through Cyberbay’s bug bounty platform.” Mayank Gandhi, CEO of TMG Security, echoed the sentiment, saying, “By pooling our resources and expertise, we can significantly impact the critical shortage of cybersecurity researchers.”

For additional information about Cyberbay’s bug bounty platform and the partnership, please visit https://cyberbay.tech/.

 

About Cyberbay:

Cyberbay is an AI powered, crowdsourced bug bounty platform that acts as a bridge between organizations and a global community of security researchers. By leveraging the collective skills and expertise of these researchers, Cyberbay helps organizations detect vulnerabilities in their digital systems. Cyberbay strives to make cybersecurity effortless, more secure, and accessible for all.

For more details, contact Galina Kho, Chief Strategy Officer, Cyberbay at [email protected],  call +1 646 546 7608 or +852 97190043.

 

About TMG Security:

TMG Security is a renowned cybersecurity firm specializing in course development, instructional design, and educational support. With expertise in creating effective cybersecurity training programs, TMG Security equips individuals and organizations with the knowledge and skills needed to defend against cyber threats.

For more details, connect with Mayank Gandhi, Founder & CEO, of TMG Security, at [email protected] or call +91 6283538660.

 

Media Contact

Organization: Cyberbay

Contact Person: Galina Kho

Website: https://cyberbay.tech/

Email: Send Email

Contact Number: +85297190043

Country: Hong Kong S.A.R.

Release Id: 23042411329

The post Cyberbay and TMG Security Jointly Launch “Learn and Earn Program” to Address Critical Shortage of Cybersecurity Researchers Globally appeared first on King NewsWire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.

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