Miidas NFT celebrates a new milestone on the core network
LFGSwap gives the community USDT worth USD 10,000 after a massive IDO success. The achievement also illustrates the huge interest in the core ecosystem.
Giving back to the community
Top Decentralized Exchange (DEX) on the core chain, LFGS exchangeis celebrating its Initial DEX Offering (IDO) by rewarding the community with USDT (Tether) worth USD 10,000.
The amount raised during the recently completed IDO exceeded the expectations of DEX. According to the team’s statement to BSC News, the fundraising goal was 25,000 CORE. However, users collected 402,095 CORE, representing the largest IDO on the Core network.
“LFGSwap’s first IDO on the Core chain has raised 402,095 Core, with a fundraising target of 25,000 Core. It is already the first and largest IDO event in the Core chain, LFGSwap told BSC News.
Following the remarkable milestone on the Layer one blockchain, LFGSwap will reward 100 users who participate in the giveaway program. Users can earn from a prize pool of $10,000 USDT. The Protocol shared details of the event on February 18 via Twitter.
Great interest in the core ecosystem
The IDO success illustrates the interest in the core ecosystem. LFGSwap’s tweet on February 18 revealed that users filled over 1600% of the pool during IDO.
Shocked by the result, DEX revealed to BSC News that most of the IDO participants were from other blockchain ecosystems.
“Most of the participants in this IDO are users from other public chain ecosystems. There appears to be evidence of users of other chains migrating to the core ecosystem. This is another milestone for LFGSwap. We have seen several developments in the potential and future of the core ecosystem,” the team said.
Core DAO’s capabilities are unmatched in the crypto space, attracting many users. This is because of the Satoshi Plus Consensus mechanism, designed to solve the “Blockchain Trilemma” by offering decentralization, security and scalability for the core community. LFGSwap’s success is just the start of more mainstream adoption in the blockchain industry.
What is LFGSwap
LFGSwap is a decentralized exchange (DEX) built on Ethereum Proof of Work (ETHW) and most recently Core. DEX offers users a product package with services such as Farming, Staking, Swapping and more. The LFG token is the protocol’s native cryptocurrency.
Where to find LFGSwap:
Website | Twitter | Telegram |
What is Core DAO:
Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core demonstrates a deep understanding of the history of the crypto ecosystem and an even greater excitement for Core’s role in the future.
Where to find Core DAO:
Website | Documents | Twitter | Discord |
