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Swappi’s Launchpad Feature Allows IDOs to Conflux

New York, NY, 20th May, 2022, Chainwire Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux, is releasing a new feature that will give new projects launching on Conflux’s eSpace a platform to launch, fundraise, and seed their community. Launchpad is a new feature that will allow projects to launch an Initial Dex Offering on…

New York, NY, 20th May, 2022, Chainwire

Swappi, an AMM-based decentralized exchange (DEX) deployed on Conflux, is releasing a new feature that will give new projects launching on Conflux’s eSpace a platform to launch, fundraise, and seed their community. Launchpad is a new feature that will allow projects to launch an Initial Dex Offering on Swappi.

Swappi Launchpad enables projects to hold IDOs and both public and private sales. They can also set fixed token prices and allocations as well as sale times and sell times for their IDOs. Swappi Launchpad is open to all Swappi users. However, only Swappi native token PPI holders will be able to participate. Private sales will allow them early access.

Private Sale

Users can access a small private sale token allocation by taking PPI in Swappi Launchpad and earning Launchpad credits prior to the public sale. Users will be able purchase IDO tokens in proportion to their Launchpad Credits. The more Launchpad Credits earned and the more private sales tokens purchased, the higher the staked PPI.

Swappi’s Launchpad Credits control the amount of private-sale project tokens that are available to Swappi users. These Launchpad Credits are based on how much PPI an individual staked in each IDO’s allotted time period. A Swappi user can purchase the maximum number of IDO tokens through private sales by calculating their share of Launchpad credits for each IDO private sale. Launchpad Credits are only available for specific IDOs. They cannot be transferred.

Public Sale

Swappi Launchpad allows any user to participate in public sales on a first-come-first-served basis. Swappi Launchpad will allow users to purchase limited amounts of project tokens.

Upcoming IDOs

Conflux has an exciting pipeline to deploy on eSpace. This Ethereum Virtual Machine-compatible smart-contract execution environment allows developers to deploy and run Ethereum-native, decentralized apps (DApps), and smart contracts within the Conflux ecosystem.

The first project to plan its IDO on Swappi launchpad is a crosschain lending and borrowing protocol that uses Aave. The algorithmic liquidity market will allow borrowers to borrow from digital assets, and depositors can earn passive income. The second project is a decentralized reserve cryptocurrency for the Conflux ecosystem, backed by Bitcoin and CFX. Interested projects can apply here.

About Swappi

Launchpad marks the first major feature added to Swappi following its launch in April 2022.

Swappi is a noncustodial platform that lets users trade directly from their wallet of choice and retain 100% ownership of their crypto. Swappi’s smart contracts and DApps are open-sourced software. This allows for maximum transparency.

Certik has audited

Swappi smart contract by Certik, a leading security-focused ranking platform that analyzes and monitors blockchain protocols and DeFi projects.

With Launchpad Swappi is aiming to create the strongest DeFi ecosystem on Conflux. With plans to expand its offerings and give users more chances to earn, Swappi also intends to release additional products.

Contacts

Jeff Davidson, [email protected]

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Bitcoin User Accidentally Hands Over $105,000 Fee on $10 Transaction

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Vivek Ramaswamy-Backed Strive Expands Bitcoin Treasury to 7,525 Coins

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Bitcoin

Germany’s AfD party proposes Bitcoin as strategic asset

The AfD party is urging Germany to treat Bitcoin as a strategic national asset. The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules. AfD is pushing Bitcoin as “state-free money” to boost sovereignty. Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin…


Germany's AfD party proposes Bitcoin as strategic asset

  • The AfD party is urging Germany to treat Bitcoin as a strategic national asset.
  • The AfD Bitcoin reserve motion seeks MiCA exemption and clear, favorable tax rules.
  • AfD is pushing Bitcoin as “state-free money” to boost sovereignty.

Germany’s Alternative for Germany (AfD) party has put forward a parliamentary motion urging the government to recognize Bitcoin as a strategic asset.

The short, forceful proposal argues Bitcoin deserves distinct treatment from other crypto-assets and calls for tax and regulatory relief to bolster innovation and national sovereignty.

The Bitcoin strategic reserve motion by AfD

The AfD motion urges lawmakers to treat Bitcoin differently from tokens and stablecoins covered by the EU’s Markets in Crypto-Assets (MiCA) framework.

It argues Bitcoin’s decentralised design and fixed supply make it a unique form of digital value that should not be shoehorned into rules intended for centrally issued crypto instruments.

The party explicitly proposes that the government consider accumulating Bitcoin within national reserves as a hedge against inflation and currency volatility.

A central demand in the motion is tax certainty.

AfD lawmakers want to preserve the existing 12-month holding exemption for private capital gains and maintain Bitcoin’s exemption from VAT.

They also call for private mining and running Lightning Network nodes to be clearly classified as non-commercial activities, reducing administrative burdens for individual participants.

The motion stresses the right to self-custody and warns that legal uncertainty deters long-term private investment.

AfD frames the proposal as part of a broader defence of digital sovereignty.

The party opposes a European digital euro and portrays Bitcoin as “state-free money” that can protect liberties and reduce dependence on centrally issued currency instruments.

The motion arrives amid debate over Germany’s decision in mid-2024 to sell nearly 50,000 BTC seized from criminal proceedings — an action AfD and others now characterise as a policy mistake given subsequent price movements.

The proposal argues that heavy-handed national implementation of MiCA risks capital flight and diminishes Germany’s standing in blockchain innovation.

AfD lawmakers say excessive rules will push firms and talent to friendlier jurisdictions, eroding competitiveness in a field with rapidly evolving technology and commercial models.

AfD also highlights potential synergies between Bitcoin and energy policy.

The motion suggests that productive uses of excess renewable supply — including mining — could create a technological and economic fit between Germany’s energy transition and the Bitcoin network.

The party frames state accumulation of Bitcoin as a prudent diversification of reserve assets, drawing parallels to moves and proposals in other European countries that have discussed or adopted similar approaches.

Beyond urging a strategic statement from the federal government, the motion seeks concrete commitments: keep tax advantages intact, exempt certain private operations from commercial classification, enshrine self-custody rights, and open study of Bitcoin’s role in reserves and energy integration.

AfD wants the Bundestag to formally recognise Bitcoin’s distinct status and to restrain national rule-making that would extend MiCA beyond its intended scope.

The reaction from the public

Supporters in crypto circles welcomed the proposal as a sign that mainstream political debate is shifting away from dismissive tropes about digital currencies.

Critics, however, worry the plan could politicise reserve policy or clash with EU regulatory intent.

Observers note that Germany occupies an outsized spot in Europe’s economy, so any move to treat Bitcoin strategically would reverberate across markets and policy debates.

As Bundestag review AfD’s motions and the larger question of how national policy should sit alongside EU rules, whether the proposal gains traction depends on cross-party calculation about economic benefits, sovereign risk, and regulatory coherence.


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