CoinSwap Space adds staking pools with ADA rewards
CoinSwap Space, a decentralized exchange that is built on the Binance Smart Chain, has announced that its native CSS token can be staked and the users would be able to earn rewards in ADA.
The users also have the ability to earn in ETH and LINK as well which means that the users of the exchange now have 3 options to do their staking. The exchange was launched on April 30 of this year and has been adding a lot of DeFi instruments for trading and has also been building on its feature set. One of the important advantages of the exchange is the fact that the transaction fee is only $0.2 which is among the lowest in the industry.
The goal of the exchange is to bring in a wide variety of options and features for the traders while building in the Binance smart chain as there are not many decentralized exchanges on this blockchain. This is being done with the sole purpose of taking the defi products to as many users as possible and make everyone aware of the growth in the industry.
The company says that one of its innovative features is the mass stake and mass harvest functions where the users would be able to stake a harvest across multiple liquidity pools. The company also says that it is offering staking options in ETH, LINK, and ADA as they are the ones that have good long-term prospects especially considering the bearish market that the crypto prices are in. What is important for investors now is to hold through this period and invest in specific cryptos that have a long-term vision and growth so that when the market picks up again, these cryptos would rise along with it and the investors would be able to reap the rewards.
The exchange also says that it has been audited and its smart contracts built on the Binance smart chain have also been audited by Certik, which is into security audits in the blockchain industry. The exchange hopes that this could be useful to improve the reliability of the exchange and would be able to attract users in the long term.