FINSWAP Beta is Now LIVE - FINX Global - Medium

We hope you are just excited as we are because the FINSWAP Beta is now LIVE and officially launched! Our team has poured all their efforts into making a platform that is easy to use and we’re sharing all the features of this new addition to the FINX ecosystem.

Here are the actions you will be able to do on the platform:

Earn Pools

Stake your USDT for a fixed amount of time to maximise yields and receive additional benefits!

When you use our platform, there will be no performance fees which means the longer you lock, the higher the boost applied to the yield! You’ll be happy to know that FINSWAP is always offering a higher APR!

USDT rewards will unlock along with your staked USDT, when your lock duration expires.

Here are some tips;

If you have USDT locked in fixed-term staking

You can:

✅Withdraw before the locked term ends

✅Add additional staking contract while

But you cannot:

❌ Harvest rewards before locked term ends

❌ Add more USDT to lock

Swap

Token swaps on FINSWAP are a simple way to trade one FINX token for another via automated liquidity pools.

Liquidity Pool

When you add your token to a Liquidity Pool you will receive Liquidity Provider (LP) tokens and share in the fees.

For example, if you deposited FINX$ and BNB into a Liquidity Pool, you’d receive FINX$-BNB LP tokens. The number of LP tokens you receive represents your portion of the FINX$-BNB Liquidity Pool.

You can also redeem your funds at any time by removing your liquidity

It’s also worth noting that providing liquidity gives you a reward in the form of trading fees when people use your liquidity pool.

Whenever someone trades on FINSWAP, the trader pays a 0.25% fee, of which 0.17% is added to the Liquidity Pool of the swap pair they traded on.

For example:

There are 10 LP tokens representing 10 FINX$ and 10 BNB tokens.

1 LP token = 1 FINX$ + 1 BNBSomeone trades 10 FINX$ for 10 BNB.

Someone else trades 10 BNB for 10 FINX$.

The FINX$/BNB liquidity pool now has 10.017 FINX$ and 10.017 BNB.

Each LP token is now worth 1.00017 FINX$ + 1.00017 BNB.

Just a gentle reminder though, like every other platform, providing liquidity is not without risk, as you may be exposed to impermanent loss.

Limit Orders

Limit orders allow you to get your swaps at desired prices by leaving instructions to fill buy or sell orders at specific prices. The trade will only be executed if the price on FINSWAP reaches your limit price (or better).

If you’re excited to start swapping or staking, head out to our platform:

You can get additional information on the website itself or by reaching out to our community through our social media links. We hope to see you on our brand-new platform!

Also, if you’re interested in establishing a farm or pool listing on FINSWAP, do not hesitate to contact us through FINX GLOBAL Discord: https://discord.gg/Est8APyRyu

Approach our support specialist by opening a ticket at 🤝│partnership channel.

About FINX Global

FINX is the future of finance that aims to promote digital asset payments into the financial system, enabling seamless digital payments that are accepted globally.

As a result, FINX will end the intensive Crypto to Fiat conversion by providing a platform to the global audience that enables anyone from anywhere across the world to seamlessly transact and participate in the world of digital assets conveniently and faster than before. This vision will therefore allow the world to better understand cryptocurrencies and digital assets, fueling mass adoption.

Social Media & Communities

Website: https://finx.global/

Discord: https://discord.gg/Est8APyRyu

Twitter: https://twitter.com/FINXSupport

Telegram Announcement: https://t.me/finxcapital

Telegram Community: https://t.me/FINXGLOBAL

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