Swapp Protocol — Cronos Launch?
Crypto.com’s blockchain, Cronos, will be launching early November and we’re ecstatic to say SWAPP protocol will be one of the first projects to launch on their new chain!
What is Cronos? Cronos is the EVM chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi ecosystem, by providing developers with the ability to instantly port DApps from Ethereum and EVM-compatible chains. Cronos is funded by Particle B’s $100m EVM fund and has access to the 10M+ user base of the Crypto.com ecosystem.
You may be wondering, when is the presale? The pre-sale will take place October 29 at 4pm EST for those who have secured a spot on the white list. The Whitelist presale will be open for 3 hours. If we are not at our cap of 1000 BNB by 7pm EST, the pre-sale opens to everyone else. If the 1000 BNB limit is reached we will hold more pre-sale’s leading up to the launch on Cronos! Of course the price at the next pre-sales will be higher than this launch.
Why a Pre-sale? This pre-sale will allow us to add liquidity to the Cronos chain, and additionally helps to implement further Defi applications that will be truly trailblazing on the Cronos Chain.
What is the Price? 1 BNB for 25,000 SWAPP or roughly $0.02/token, we are taking into consideration the price of SWAPP on BSC — Additionally, the Max amount per address is 10 BNB or 250,000 SWAPP.
Why is the pre-sale token price higher on Cronos than on Uniswap and PancakeSwap? This pre-sale price is higher for several factors that we will list below.
- The amount that we raise and the overall launch will help the overall liquidity get a wider net of distribution, holders, and adoption of our ecosystem.
- The raised amount will help us fund further development of products on the Cronos chain that will help our ecosystem flourish.
- We're one of the first tokens to be launched on the Cronos chain, which by itself should provide a lot of new holders and more community members.
- Our NFT marketplace that will be released in early November, will be the first NFT marketplace listed on Cronos (as far as we know, there are no other ones planning to list on Cronos when they launch).
- SwappID (mobile and chrome extension) will support the Cronos chain shortly after our first release.
- Bridges between different chains won't be opened immediately. Hence, there will be a price difference between the tokens at first.
- We're working on other Dapps for the Cronos chain and working with Crypto.com to have all of these Dapps listed on their partners page.
How do you participate? If you are on the whitelist, simply connect your wallet to our DApp (ensure you are on bsc), and deposit the amount of BNB you want. MAX is 5 BNB and there is no minimum. Please note: you will only be able to connect your wallet and deposit if you are on the whitelist. Here is the Dapp link: https://dapp.swapp.ee/pre-sale
What happens after I deposit? You can track the Txn and the address your funds go into but for now, and you will be airdropped the SWAPP tokens into your MetaMask or any other EVM compatible wallet when Cronos goes live.
When will Cronos go live? The date set for the Cronos launch is November 8th. This could change and is completely at the discretion of the Crypto.com team.
Why is Swapp launching on Cronos? Many reasons. In addition to the exposure and excitement that will come along side crypto.com launching their own chain, one really great one is that we will be launching the first NFT platform on Cronos! Additionally our web-extension wallet will be compatible with Cronos!
If you are just finding out about Swapp Protocol learn more at https://swapp.ee/