The CrossFi Swap Opportunity
The CrossFi Swap Opportunity (CSO) is back. Another great opportunity to swap your CRFI tokens for Filecoins to make profits.
CrossFi Swap Opportunity Round 5, for instance, is the last add-on to the CSO opportunity trend, which took place on 10th May 2022, at 20:00 hours Singapore Time (UTC+8). It oversaw the accumulation of 1, 461,667.91 CRFIs and the distribution of 940 FILs — a whooping leap from 895 FILs shared in CSO Round 4. There’s no doubt to the magic round 6 will lay in wait for CrossFi in front of their doorsteps.
To be part of this profit-making opportunity, all you need to do is to make sure you’re logged into the Dapp before the beginning of the event.
What is CSO?
CSO is a 1-day-only Swap-and-Burn event. Allows users to witness the liquidity and profitability of being an investor in CrossFi. This means that participants in this opportunity are given a safe harbor to barter their CRFI tokens for cFILs (1:1 pegged synthetic Filecoin). Attract amazing earnings, whether it’s a limited or unlimited exchange.
Its profitability, as noted, however, stems from the almost-certain likelihood that the exchange would pump the market price of CRFI tokens. Giving holders or investors a substantial raise in their financial pockets. And the most heartwarming of all the advantages. CSO has been added as a regular feature in the CrossFi platform.
Notably, among many, the exchange ratio between the two components, CRFI, and cFIL, is dictated by the market value during the exchange. The current market price of Filecoin at the moment is at stable $9.31 USD while that of CRFI is $0.02 USD.
Furthermore, the swap pool for the event is sponsored by the 5% revenue generated by the CrossFi Borrow feature–consequently. The higher the popularity of the CrossFi Borrow feature, the higher the Filecoin pool for the next CSO. In addition, CrossFi Borrow allows users to create a filecoin synthetic asset (sFIL). It also allows users to borrow Filecoins with sFIL as a mortgage.
The exact number of cFIL (Filecoin), the Pool Capacity, maximum participation amount per person, and the CRFI to cFIL Swap Ratio are as follows:
- Date: 10/08/2022
- Time: 20:00 (UTC+8 Singapore Time) / 12:00 PM GMT
- A total amount of 960cFILs (Filecoins)
- Limited Swap 240cFILs
- Unlimited Swap 720cFILs
NOTE! Once the timer for the event elapses, the exchange will be automatically terminated. Any deposited CRFI token that hasn’t been swapped shall be returned to the user. In another case, if there exists any cFIL at the end of the CSO, the inspected amount will be carried over to the next CSO.
ABOUT CrossFi
CrossFi is a cross-chain protocol that provides liquidity to Filecoin staking and rewards.
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