Following our initial announcement, we're thrilled to unveil the next phase of ColorPool's evolution: the launch of our decentralized exchange (DEX) and bridge. This milestone brings seamless asset management, trading, and earning opportunities to the Chromia ecosystem.
🔐 Security First: Audit Completed via Cantina
Ensuring the safety of our users is paramount. We've partnered with Cantina for a comprehensive security audit of our DEX code. Through a competitive review process, security researchers have scrutinized our platform, and we're proud to announce that the audit has been successfully completed. This rigorous evaluation reinforces our commitment to providing a secure and reliable trading environment.
The audit results will be published shortly before the launch of ColorPool DEX.
🚀 Seamless User Experience: No Gas, All Credits
Say goodbye to traditional gas fees. ColorPool introduces a credit-based system for on-chain transactions.
What are Credits?
Credits are a gasless alternative used for executing on-chain actions such as trades, liquidity provision, or claiming rewards. Each action consumes a certain number of credits based on its complexity and resource usage.
Daily Refresh:
Users receive a daily allocation of credits, ensuring continuous engagement without the burden of gas fees.
🌉 Onboarding to ColorPool: Bridging Assets
Our bridge facilitates the transfer of USDC from Binance Smart Chain (BSC) to ColorPool, as wrapped USDC. Account Creation: If you haven't previously created an account, a one-time account creation fee applies. Existing users can seamlessly connect their accounts. These accounts are utilized across both the bridge and DEX chains.
Payment Options for Account Creation Fee:
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2 USDC
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10 CHR
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10,000 COLOR
Wallet Compatibility:
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ColorPool Bridge supports MetaMask and WalletConnect-compatible wallets.
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ColorPool DEX supports MetaMask only.
🌾 Launch Campaigns: Farming and Staking
Staking:
Stake $COLOR tokens to earn more $COLOR. A portion of trading fees collected on the DEX will be used to buy back $COLOR, which is then distributed to stakers, enhancing the value proposition for long-term holders.
Farming:
Farming will commence in June (exact date to be announced). LP tokens can be staked to earn $COLOR rewards. Initially, CHR and popular ecosystem tokens will be added to the ColorPool Farm.
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Bonus Period: Enjoy a 5x reward multiplier for the first 3 months.
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Duration: The farming program spans 24 months, providing long-term earning potential.
🎁 Airdrop: Rewarding Our Community
Brush Game Participants:
As we conclude the Brush Game, we're excited to reward our active users.
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Snapshot Date: May 16
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Distribution Date: May 21
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Allocation: 10% of the total $COLOR supply will be distributed to eligible Brush Game participants.
Chromia Stakers:
Chromia (CHR) Stakers are also recognized for their support.
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Snapshot Date: Jan 15
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Distribution Date: May 21
Allocation: 5% of the total $COLOR supply will be distributed to CHR Stakers.
📅 Timeline at a Glance
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May 16: Brush Game Snapshot
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May 21: Airdrop Distribution
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May 26: DEX Launch
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May 29: Staking Program Commences
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June: Farming Program Launch (Date TBA)
Join Us in Shaping the Future of DeFi on Chromia
With the launch of our DEX and bridge, ColorPool is poised to become the hub of decentralized finance within the Chromia ecosystem. We invite you to participate, trade, stake, and grow with us.
Stay connected:
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Website: colorpool.xyz
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X (Twitter): @colorpool_xyz
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Telegram: t.me/colorpoolxyz
Experience a seamless, gasless, and rewarding DeFi journey with ColorPool.
Note: For the best experience, ensure your MetaMask wallet is set up and ready for the upcoming launch events.