FOXT Token Swap to Binance Smart Chain
Fox Trading announced that the platform will be migrating from ERC20 to BEP20 beginning 10th May 2021.
REASON FOR BSC SWAP
- Platform capability enhancement to create full DeFi app for coming services like Staking program, Trading Pool and others
- Low “gas” fees in comparison with incredible high ETH mainnet fees
- Overall market trend/movement towards DEX exchanges, like PancakeSwap
BENEFITS FROM BSC SWAP
- Users will start earning money in different ways now with their FOXT, at the first step providing liquidity to DEX like PancakeSwap as well as extra earning, up to 15% in just two months (APR 180%), through our Liquidity Incentive Program
- Allows project growing with new products development. The goal is to create DeFi app as a bridge between Forex and Crypto markets
- Continue reducing supply of FOXT since different new products will use FOXT and will create continues amount of tokens being burnt.
- Automation of key tokenomics proposals like burning, users payments, affiliate commissions and finally creation of the fully DEX platform.
FOXT swap to Binance Smart Chain process will begin 10th May and will ends on 10th July 2021. After end of token swap period trading on Mercatox and Hotbit exchanges won’t be officially supported and request to delist FOXT ERC20 token will be made
Main source for FOXT BEP20 trading will be PancakeSwap DEX. Liquidity Incentive Program on PancakeSwap DEX will start together with token swap period
About Foxt Trading
Foxt Trading is an automated tools powered by FOXT tokens and managed by Binary Options and Forex trading bots that will get the most from your investment.
About Binance Smart Chain
Binance Smart Chain is a sovereign smart contract blockchain delivering Ethereum Virtual Machine (EVM) compatible programmability. Designed to run in parallel with Binance Chain, Binance Smart Chain retains the former’s fast execution times and low transaction fees while adding Smart Contracts functionality to support compatible DApps.
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