Frequently asked questions
96 Asked questions and 13 Tutorial videos:
CrowdSwap is a decentralized finance for cryptocurrency trading and passive income, established in Germany in 2020. As a hub for DeFi opportunities, CrowdSwap streamlines access by automating and optimizing essential processes. The CrowdSwap dApp is a user-friendly interface that saves users time and money.
The platform distinguishes itself by executing optimal deals across various blockchains with minimal transaction costs. This capability is particularly advantageous for users seeking efficiency in navigating the complexities of the cryptocurrency market. CrowdSwap’s commitment to providing a seamless trading experience is reflected in its diverse range of products and features tailored for users and projects.
To explore CrowdSwap’s offerings and take advantage of its features, you can visit the product page by following this link: https://crowdswap.org/products/
Best Price Routing (BPR) plays a crucial role in the CrowdSwap program. Its programming code is designed to automatically identify and execute transactions with the most favorable prices across various liquidity pools or exchanges. Liquidity pools represent aggregated funds facilitating trading on decentralized exchanges, and varying prices for the same asset may arise due to supply and demand fluctuations in different pools. Best price routing aims to optimize trades by accessing liquidity from multiple pools, thereby securing the best overall execution price for a given trade.
The capabilities of BPR are contingent upon integrating decentralized exchanges across diverse blockchains. You can find a list of integrated DEXes in the https://docs.crowdswap.org/core-concepts/protocol#supported-networks-and-dexes-current-state
CrowdSwap is an aggregation protocol in the decentralized finance space aiming to increase mass adoption for everybody and overcome problems in the fast-growing business space of DeFi. CrowdSwap concentrates on fulfilling the following primary missions:
- decreasing high gas fees on the Ethereum network
- making DeFi accessible to everybody
- providing the best prices for swapping tokens across the DeFi space
- conducting cross-chain swaps
- suggesting portfolio combination with the highest yields
- staking and yield farming opportunities
- A Dex Aggregator to search decentralized exchanges to find the best conditions for trading in across all of DeFi
- A launchpad where crypto projects are introduced and an early stage crypto token sales are made available to crypto project investors before it is publicly listed.
CrowdSwap aims to get even more people involved in DeFi. Using CrowdSwap, people who are already in the space but lack the knowledge to transfer tokens across different networks and chains can swap their tokens more easily. Launch the app here to get started with CrowdSwap.
Yes, you can check it out with the link below
Users can participate in staking and yield farming possibilities on CrowdSwap. Those users who hold CROWD can stake their tokens for 25% returns. Yield farming is also available on our platform for several liquidity pools with various pairs of tokens. Click here to see all the investment programs.
✉️ Contact us through our website’s contact form: https://crowdswap.org/contact1/
📧 Email us at support@crowdswap.org
💬 Join our Discord support group and open a ticket for personalized assistance.
In Q1, CrowdSwap announced the launch of a new feature called “CrowDEX,” which is an automated market-making system that enables projects to create liquidity pools and markets. For more info you can read this blog: https://crowdswap.org/blog/crowdswap-representing-crowdex/
The native token of CrowdSwap is CROWD. CROWD is listed on Coingecko, DefiLlama and CoinMarketCap.
The CROWD token serves as the native token for the CrowdSwap project, offering users a means to engage with the project and potentially earn rewards. Stake this token across different networks and participate in LP farms featured on the CrowdSwap Opportunity page. Furthermore, holders of CROWD will have access to exclusive benefits. The token is available on the CrowdSwap platform and other decentralized finance (DeFi) platforms, including OpenOcean and QuickSwap.
Utilizing CROWD as a utility token in Cross Chain transactions: In cross chain transactions, the use of the CROWD token plays a central role, significantly boosting the token circulation.
Staking: Users can stake the CROWD token on various networks and generate income from it.
Liquidity Pools: You can participate in CrowdSwap’s liquidity pool farms using your CROWD tokens and take advantage of their high APYs
VIP Club: CROWD holders can soon become members of our VIP Club and enjoy exclusive benefits.
DAO: We have decided to transform the project into a DAO and are implementing a mass adoption phase. CROWD token holders, based on their CROWD holdings, will soon be able to participate in decision-making and share in the platform’s revenue.
In each blockchain transaction processed on our platform, a segment of the fees is dedicated to the burning of CROWD tokens. This mechanism effectively manages and controls the circulating supply of CROWD within the market.
CROWD tokens play a crucial role in facilitating cross-chain swaps. When you initiate a cross-chain swap, these tokens act as the bridge connecting different blockchain networks. They ensure a secure value exchange, allowing your assets to move seamlessly from one network to another.
History has shown that whenever a new technology is introduced, governments are skeptical about it at first. As time goes by, governments set regulations for it to fit into an understandable and acceptable framework. DeFi is no exception to this fact. The undeniable fact is that using a new financial system comes with its own risks. As DeFi attracts more attention, instances of fraud and scam projects in the ecosystem are heard from time to time, which necessitates careful thought into fitting it into a regulatory framework. Read more about DeFi regulations.
APY (Annual Percentage Yield) is a metric employed to gauge the potential return on investment in decentralized finance, considering the compounding of rewards over one year. Within DeFi and crypto, APY is frequently linked to yield farming and liquidity provision.
APY articulates the potential earnings derived from these activities annually, factoring in the compounding of rewards over time. For further insights into APY, you can explore more about it. Read more about APY.
APR, or Annual Percentage Rate, represents the simple interest rate you’ll earn on an investment over a year without considering compounding. In essence, APR provides a straightforward calculation of the return you’ll receive without factoring in the reinvestment of interest earnings. It’s crucial to differentiate APR from APY. Read more about APY vs APR.
A cryptocurrency is a digital or virtual currency that employs cryptography to secure financial transactions and control the creation of new units. Unlike traditional currencies governments and central banks issued, cryptocurrencies operate on decentralized networks built on blockchain technology.
There are thousands of cryptocurrencies, each with its unique features, use cases, and underlying technologies. These cryptocurrencies can be broadly categorized into several types based on their characteristics and functions. Here are some common types of cryptocurrencies:
- Bitcoin (BTC): Bitcoin is the first and most well-known cryptocurrency, often called digital gold. It was created as a decentralized and peer-to-peer electronic cash system, and its primary use case is as a store of value and a medium of exchange.
- Altcoins: “Altcoin” (alternative coin) refers to any cryptocurrency other than Bitcoin. There are numerous altcoins, each with its features and purposes. Examples include Ethereum (ETH), Ripple (XRP), Litecoin (LTC), Cardano (ADA), and many more.
- Stablecoins: Stablecoins are designed to maintain a stable value by pegging their value to a reserve asset, such as a fiat currency (e.g., US Dollar) or a commodity. Tether (USDT), USD Coin (USDC), and DAI are examples of stablecoins.
- Security Tokens: Tokens represent ownership or interests in real-world assets, such as company shares, real estate, or commodities. They are subject to securities regulations and aim to bring traditional financial assets onto the blockchain.
- Exchange Tokens: These are tokens created by cryptocurrency exchanges for use on their platforms. They may offer benefits such as fee discounts or exclusive features. Binance Coin (BNB) is an example of an exchange token.
- Governance Tokens: These tokens grant holders the right to participate in the governance of a decentralized protocol or platform. Holders can vote on proposals that impact the development or rules of the network. Examples include Maker (MKR) and Compound (COMP).
- Non-Fungible Tokens (NFTs): NFTs are unique, indivisible tokens representing ownership of a specific digital or physical asset. They are often used for digital art, collectibles, and gaming items. Ethereum-based tokens like CryptoKitties and Decentraland are examples of NFTs.
Cryptocurrencies offer several potential advantages, although it’s important to note that they also come with risks and challenges. Here are some benefits of cryptocurrencies:
- Decentralization:
Cryptocurrencies operate on decentralized networks, typically based on blockchain technology. This means a central authority, such as a government or financial institution, does not control them. - Security:
Cryptography secures transactions and controls the creation of new units, providing high security. Blockchain technology ensures transparency and immutability of transaction data. - Reduced Fraud:
Cryptographic techniques make it difficult for transactions to be reversed, reducing the risk of fraud. Once a transaction is recorded on the blockchain, it is typically irreversible. - Financial Inclusion:
Cryptocurrencies can provide financial services to people who do not have access to traditional banking systems. With just an internet connection, individuals can participate in the global economy. - Lower Transaction Costs:
Cryptocurrency transactions often have lower fees than traditional financial systems, especially for international transfers. - Accessibility and Inclusivity:
Cryptocurrencies are accessible to anyone with an internet connection, promoting financial inclusivity. They can be particularly beneficial in regions with limited access to traditional banking infrastructure. - 24/7 Availability:
Cryptocurrency markets operate 24/7, allowing users to transact and trade anytime, unlike traditional financial markets with specific operating hours. - Ownership and Control:
Users have greater control over their funds and transactions. Private keys and wallet ownership give individuals direct ownership and control over their assets. - Potential for Innovation:
Blockchain technology, which underlies most cryptocurrencies, has the potential to drive innovation in various industries, including finance, supply chain, healthcare, and more. - Privacy:
Some cryptocurrencies offer enhanced privacy features, allowing users to make transactions with a higher degree of anonymity compared to traditional financial systems.
Cryptocurrencies come with various risks that potential users and investors should know. Here are some common risks associated with cryptocurrencies:
- Price Volatility:
Cryptocurrency prices can be highly volatile, experiencing significant fluctuations over short periods. This volatility can result in substantial gains but also significant losses.
- Regulatory Risks:
Regulatory environments for cryptocurrencies vary globally and are subject to change. Legal uncertainties and regulatory changes can impact the use and acceptance of cryptocurrencies.
- Security Concerns:
While blockchain technology is considered secure, the infrastructure around cryptocurrencies, such as exchanges and wallets, can be vulnerable to hacking and security breaches. Incidents of theft and fraud have occurred in the cryptocurrency space.
- Lack of Consumer Protections:
Cryptocurrency transactions are often irreversible, and there is generally no recourse for users who lose access to their private keys or fall victim to scams. Unlike traditional bank accounts, there is no deposit insurance for cryptocurrency holdings.
- Market Risks:
The cryptocurrency market is relatively young and can be influenced by speculative trading, market manipulation, and pump-and-dump schemes.
- Technology Risks:
Cryptocurrencies and blockchain technology are continually evolving. However, there is a risk of technical vulnerabilities, software bugs, and hard forks that can impact the functionality and security of a particular cryptocurrency.
- Adoption and Acceptance:
The widespread adoption and acceptance of cryptocurrencies are still evolving. The value and utility of a cryptocurrency can be influenced by factors such as merchant acceptance, regulatory support, and public perception.
- Operational Risks:
Exchanges and wallet providers may face operational challenges, technical issues, or mismanagement, leading to service disruptions, loss of funds, or other user issues.
- Loss of Private Keys:
Cryptocurrency owners must safeguard their private keys, as losing access to them means losing control over their assets. Recovery of lost private keys is often impossible, leading to permanent loss of funds.
- Network Risks:
Network congestion, scalability issues, and potential forks in the blockchain can impact the usability and stability of specific cryptocurrencies.
- Liquidity Risks:
Some cryptocurrencies may have lower liquidity, making buying or selling assets promptly challenging without affecting the market price.
DeFi stands for “decentralized finance,” which refers to financial apps that eliminate intermediaries in advancing the world’s financial affairs. DeFi is the integration of traditional banking services with decentralized technologies such as the blockchain. It is also known as Open Finance because of its pervasive nature. Read more about DeFi.
Decentralized exchanges or DEXs are autonomous decentralized applications (DApps) that allow cryptocurrency buyers or sellers to trade without having to give up control over their funds to any intermediary or custodian.
This type of infrastructure is entirely different from centralized exchanges where users hand over their crypto assets to the exchange, which acts as a custodian and essentially issues IOUs for users to trade with on the platform.
DEXs were initially conceptualized to eliminate the need for any authority to supervise and approve trades made within a particular exchange. Through the help of smart contracts, DEXs operate automated order books (or automated market makers) and trades. This makes them “truly peer-to-peer.”
Decentralized exchanges are exchanges where transactions take place directly between market participants without a third party, such as banks, approving transactions. Person A trades directly with person B and the contract is made directly between the two. UniSwap, FalconSwap, SnowSWap and SushiSwap, for example, are decentralized exchanges based on the Ethereum Natzwerk. PancakeSwap, for example, is based on the Binance Coin network.
Smart contracts are self-executing agreements coded on blockchains like Ethereum. They automatically enforce terms without intermediaries when predefined conditions are met. Operating on decentralized ledgers, they offer transparency and security. Smart contracts find applications in finance, supply chain management, and more, running autonomously based on recorded blockchain events, reducing the need for third-party oversight. They are a fundamental element in decentralized applications (DApps) and the broader blockchain ecosystem. Read more about smart contracts.
In cryptocurrency, gas fees represent the cost users pay to compensate miners or validators for the computational work needed to process and validate their transactions. The fees are determined by the complexity of the transaction or operation and the current demand for network resources.“Gas limit” refers to the maximum amount of gas (or energy) you’re willing to spend on a particular transaction.
Polkastarter is one of the best-known platforms for IDOs/ICOs, where early-stage coins can be discovered. But FalconSwap, DuckDao.io, or ICODROPS are platforms where you can find new projects.
AMM, or Automated Market Maker, is a DeFi concept that is changing how assets are traded on blockchains. Instead of traditional order books, AMMs like Uniswap use algorithms to set prices. Users trade directly from their wallets, providing liquidity to decentralized pools and earning fees. AMMs adjust asset prices based on pool ratios, facilitating continuous trading without centralized exchanges. For more info: How Do Automated Market Makers (AMMs) Work?
A Defi opportunity is an opportunity in a Decentralized world that brings you passive income. It could be yield farming, staking, lending and borrowing, liquidity providing, and much more.
As you may know the profit in DeFi space is more than usual as the Risks. This is where CrowdSwap Comes in and helps you with providing low-Risk opportunities and governs your funds through the process. in addition, you can always switch to a more lucrative one.
Crosschain, also known as blockchain interoperability, refers to the ability of different blockchain networks to communicate and share information with each other. It enables the transfer of assets and data across multiple blockchain platforms. For more information: What Are Cross Chain Swaps?
Cross chain plays a crucial role in expanding DeFi’s capabilities. It allows users to access and utilize financial services across blockchains, providing a more inclusive and interconnected DeFi ecosystem.CrowdSwap simplifies this process into an automatic cross-chain transfer by finding the best price route and optimizing the whole process.
Cross-chain typically involves the use of specialized protocols or technologies that facilitate communication between different blockchains. These may include bridges, relays, or interoperability protocols to ensure secure and transparent data transfer. For more information, Cross-Chain Technology: Unmasking the myths.
The transaction fee consists of:
- Network cost
- Protocol fee
Flat fee: A fixed fee in the source network’s coin. Check out the following table for more info.
Execution cost: The execution cost pertains to the expenses incurred during transaction execution on the destination network, involving variables like gas price and the network’s coin price.
- CrowdSwap fee: This fee goes to CrowdSwap treasury and is calculated based on the following table.
Flat fee:
Chain | Flat Fee (subject to change) |
Ethereum | 0.001 ETH |
BSC | 0.005 BNB |
Polygon | 0.5 MATIC |
Avalanche | 0.01 AVAX |
Arbitrum | 0.001 ETH |
CrowdSwap fee:
Value In | CrowdSwap fee |
< $500 | 1% |
< $875 | 0.9% |
< $1250 | 0.8% |
< $1625 | 0.7% |
< $2000 | 0.6% |
>= $2000 | 0.5% |
Try with other browsers (preferably Chrome), clear the browser cache, and finally inform the CrowdSwap support group.
Explain your problem or send a picture of your warning to CrowdSwap support team and ask them to help you solve the problem
If you sent funds to the wrong address, you’ll need to contact the receiving party and ask for their cooperation in returning the funds. If you do not know the owner of the address, there are no possible actions you can take to retrieve the funds.
On the Crowdswap platform, you can check the status of your transactions in the transaction history section across various networks. Finally, if you need more help, contact our support.
Email us at support@crowdswap.org
Join our Discord support group and open a ticket for personalized assistance.
First, check your wallet address in the desired network scanner site (etherscan, bscscan, …). If there is a token showing there and not in the wallet, you can import it using the token address.
The transaction may stay in the queue for an extended period due to factors like slippage, fluctuating prices, or network congestion. In such cases, users can cancel the transaction at any time using the cancel button and receive the initial payment.
Swap allows users to easily exchange one token for another token.
Swaps involve users trading one cryptocurrency for another directly on a platform without a centralized intermediary. Smart contracts on blockchain networks execute these transactions automatically.
In a decentralized swap, transactions occur directly between users through smart contracts on blockchain networks. In a centralized swap, a third-party intermediary facilitates the exchange, introducing a level of central control.
The speed of a swap depends on the blockchain network’s congestion and the platform’s efficiency. It can range from a few seconds to several minutes on decentralized platforms.
The calculation of transaction fees in a blockchain network varies depending on the specific blockchain and its underlying protocol. However, the general concept is similar across many blockchain systems. But keep in mind that details may differ between different cryptocurrencies.
- Network Congestion:
The transaction fee often depends on the current state of network congestion. When the demand for transactions is high, users may need to pay higher fees to incentivize miners/validators to prioritize their transactions. Transaction Size:
In most blockchain networks, the size of a transaction in terms of data (measured in bytes) plays a role in determining the fee. More significant transactions require more data storage and processing power, and thus, they may incur higher fees.Gas or Fee Unit:
Some blockchains use “gas” or a similar unit to measure the computational work required to process a transaction. Ethereum, for example, uses gas, and the fee is calculated based on the gas consumed by a transaction multiplied by the current gas price.Gas Price:
The gas price is the cost per unit of computational work in the network. Users set the gas price when they submit a transaction. Higher gas prices increase the likelihood of miners/validators including the transaction in a block.Priority:
Some blockchains allow users to prioritize their transactions by paying a higher fee. Miners/validators are likelier to include transactions with higher fees in the blocks they mine/validate.
In the CrowdSwap platform, we are calculating in the following order:
DEX fee(It will vary based on the DEX found in the best price routing process.) and CrowdSwap fee(0.1 percent of the amount in) In addition to network costs(the factors affecting it were mentioned above).
First, check your wallet address in the desired network scanner site (etherscan, bscscan, …). If there is a token showing there and not in the wallet, you can import it using the token address.
Try with other browsers (preferably Chrome), clear the browser hash and finally inform the CrowdSwap support group.
The price of CROWD is determined by supply and demand in the crypto market. you can check the current price of CROWD here
You need a wallet to own and trade cryptocurrencies. There are paper wallets, mobile wallets (e.g., Trustwallet), desktop wallets (e.g., Atomic Wallet), and hardware wallets (Ledger, Trezor).
The most commonly used wallet on the Ethereum network is metamask, which is also the default on CrowdSwap. For more info:
- Visit the Google Chrome Web Store Extension Section from your browser.
- Search for “MetaMask”
- Tap on the “Add to Chrome” option.
- Once the installation is done, click on “Get Started”
- Now, create a wallet by following the prompted instructions.
For more info: How to Install MetaMask
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A web-based free solution to help you sort out your assets.
The Portfolio Manager is like a digital whiteboard filled with opportunities at your fingertips. Users can view their asset list categorized on or across all networks.
A liquidity pool in DeFi is a collection of tokens locked in a smart contract, often forming pairs for specific trading on decentralized exchanges. Users contribute tokens to the pool, receiving liquidity provider (LP) tokens in return. These LP tokens can be staked in yield farming, allowing users to earn rewards like governance tokens or a share of trading fees. Liquidity pools ensure there’s enough liquidity for trading activities, and participants contribute to the pool’s efficiency while earning rewards.
For more info: What is a liquidity pool in DeFi?
Yield farming in DeFi involves users providing liquidity to decentralized platforms, locking their assets into smart contracts to earn rewards such as governance tokens or a share of transaction fees. Overall, it’s a strategy for cryptocurrency holders to generate additional returns through active participation in DeFi protocols.The liquidity pools on CrowdsSwap, combined with a high APY, are considered secure investments in DeFi.
For more information:
Yield farming has gained popularity due to its potential for high returns. It allows investors to earn additional tokens on top of their existing holdings, potentially increasing their crypto assets significantly. It can also be beneficial during bear markets as it offers a way to generate profits and protect against inflation.
CrowdSwap offers three investment options: “Invest by Pair(Selected opportunity tokens),” “Invest by Token,” and “Invest by Cross-Chain.” These options allow users to invest in liquidity pools with different token combinations, depending on their holdings and the pool requirements.
“Invest by Pair” is a straightforward option where users allocate an equal value of both tokens that exist in the liquidity pool pair. This option eliminates the need for token swaps and simplifies the investment process.
“Invest by Swap” is useful when a user has only one of the tokens required for a liquidity pool. CrowdSwap automatically swaps half of the user’s token for an equal value of the other token, creating a pair in the liquidity pool.
The “Invest by Crosschain” option allows users to invest in a liquidity pool even if they don’t have the same tokens as the pool requires. CrowdSwap automatically swaps the user’s token for an equal value of the tokens in the liquidity pool pair, even if they are on different networks.
CrowdSwap provides an easy-to-use interface for withdrawing pool rewards. Users can select the “CROWD Reward” option from the drop-down menu in their CrowdSwap account and transfer the earnings directly to their wallet.
The tokens you earn as rewards may vary based on the investment opportunity you choose. For example, if you invest in a CROWD opportunity, you’ll receive rewards in CROWD tokens. Different platforms may offer rewards in different tokens.
Staking is the process of participating in the operation of a blockchain network by actively holding and locking up a certain amount of cryptocurrency in a wallet to support the network’s operations. Individuals who engage in staking are called “validators” or “stakers.” Staking is a key element of blockchain networks that use a Proof of Stake (PoS) or a delegated Proof of Stake (DPoS) consensus mechanism. Staking has become increasingly popular as a way for cryptocurrency holders to earn passive income and actively contribute to the operation and security of blockchain networks. However, it’s important to note that staking also comes with risks, and participants should carefully consider factors such as network reputation, staking rewards, and potential slashing penalties for malicious behavior.
Staking offers several benefits to cryptocurrency holders participating in the process. Here are some of the critical advantages of staking:
- Passive Income:
Staking allows cryptocurrency holders to earn passive income by participating in a blockchain network’s validation and block creation process. Stakers receive rewards in the form of additional cryptocurrency for their contribution. Incentive for Long-Term Holding:
Staking encourages the long-term holding of cryptocurrency, as stakers are typically required to lock up their tokens for a certain period. This commitment can contribute to price stability and reduce the likelihood of short-term speculative behavior.Support for Blockchain Projects:
Staking is a way for users to support and contribute to the success of a specific blockchain project. By staking their tokens, users provide collateral that helps secure the network and participate in its growth.Reduced Selling Pressure:
Stakers commit their tokens for a specific period, reducing the circulating supply available for trading. This reduction in selling pressure can contribute to price stability.Opportunity for Governance Participation:
Some blockchain networks allow stakers to participate in governance decisions. Stakers may be able to vote on protocol upgrades, changes, or other proposals that impact the network.
Staking rewards are incentives given to participants who stake their cryptocurrency. These rewards are typically distributed through additional cryptocurrency or transaction fees collected by the network. The reward amount varies depending on factors such as the staked amount, network rules, and overall network participation.
The availability of staking options may vary depending on the blockchain network.
On the CrowdSwap platform, there is no minimum for staking. By staking your CROWD on the CrowdSwap platform, you can earn more CROWD tokens effortlessly while you go about your daily life. When you stake your CROWD, you’ll receive 18% – 25% APY rewards in CROWD (depending on the network). This way, your CROWD tokens will continuously compound on top of each other every hour. When you decide to unstake your CROWD tokens, you’ll receive the originally staked amount plus any additional interest accrued over time, minus a small fee of 0.1%.
Unlike any other platform at CrowdSwap, you can unstake at any time. When you decide to unstake your CROWD tokens, you’ll receive the originally staked amount plus any additional interest accrued over time, minus a small fee of 0.1%.
Like any investment or participation in financial activities, stealing comes with opportunities and risks. Whether staking is considered safe depends on various factors, including the specific blockchain network, the staking mechanism, and the individual’s understanding of the associated risks. Here are some considerations regarding the safety of staking:
- Network Security:
Staking can contribute to the security of a blockchain network. In PoS and DPoS networks, stakers have a financial interest in maintaining the network’s integrity, as they risk losing a portion of their staked tokens if they act maliciously. Smart Contract Risks:
Some staking mechanisms involve interacting with smart contracts. Users should assess the security of these smart contracts, as vulnerabilities could potentially lead to losses.Market Risks:
The value of the staked cryptocurrency can fluctuate based on market conditions. Stakers should be prepared for potential market volatility and consider the impact on the value of their staked assets.Lock-Up Periods:
Some staking mechanisms involve locking up tokens for a specified period. Participants may not have immediate access to their staked funds during this lock-up period. This lack of liquidity can be a consideration, especially in rapidly changing market conditions.Project and Team Reputation:
The reputation of the blockchain project and the team behind it can influence the safety of staking. Users should research the project, its development team, and its track record before participating in staking.
Staking: The primary purpose of staking is to participate in the consensus mechanism of a blockchain network and contribute to its security and operation. Staking often involves locking up a certain amount of cryptocurrency to earn rewards.
Yield Farming: On the other hand, Yield farming is a more complex strategy involving users providing liquidity to decentralized finance (DeFi) protocols in exchange for rewards. Yield farmers aim to optimize their returns by moving their assets among different DeFi protocols to capture the highest possible yield.
The potential rewards in staking and yield farming can vary significantly based on several factors, including the cryptocurrency, network, market conditions, and participation levels. Yield farming, due to its more complex and dynamic nature, may offer higher potential rewards but also carries higher risks. For more information: Yield Farming vs. DeFi Staking
CrowdSwap’s Crypto Launchpad is a service that allows new DeFi projects to raise funds through token pre-sales. It provides a platform for DeFi projects to connect with enthusiastic users and secure seed money.
CrowdSwap’s Crypto Launchpad is a service that allows new DeFi projects to raise funds through token pre-sales. It provides a platform for DeFi projects to connect with enthusiastic users and secure seed money. For more info: CrowdSwap Crypto Launchpad for DeFi Projects (Crowd Sales)
The setup form includes information about the token pre-sale, such as project name, network, token name, token decimal, the required token for the transaction, and optional token address. It also covers KYC levels, price and funding range, vesting plan, start and end dates, first hours best price, links to social media platforms, rules, and terms and conditions.
KYC stands for “Know Your Customer” and is a procedure to verify the identities of users participating in the token pre-sale. CrowdSwap collaborates with its partner, Fractal, an Identity Solution Provider for Web3, to facilitate KYC processing. Projects wishing to set up KYC must integrate Fractal’s Decentralized ID. For more guidance on the process, contact the sales team at “sales@crowdswap.org”.
Yes, projects can set their own start and end dates for the pre-sale. However, once the dates and times are set, they cannot be changed, so it’s important to double-check and ensure the accuracy of the selected dates.
“First Hours Best Price” refers to offering special benefits to users who make a purchase during the initial hours of the pre-sale. It incentivizes early participation and often includes better prices or exclusive offers for early investors.
Yes, projects can provide links to their social media platforms on the Crowd Sales setup form. CrowdSwap also offers to share advertisements for partners to boost sales and raise awareness. Further marketing cooperation can be discussed as part of the pre-sale planning and communication.
A Fiat to Crypto Exchange is a gateway or platform that enables users to convert traditional fiat currency (like USD, EUR, etc.) into cryptocurrency, facilitating the entry of fiat funds into the crypto space.
A Fiat to Crypto Exchange typically involves a user depositing fiat currency through various payment methods (bank transfers, credit cards, etc.) on a platform that converts these funds into cryptocurrency, making them available for use on the blockchain.
Yes, you can use this feature in the application and on the Buy/Sell page. For more detailed information regarding the conditions for Fiat On-Ramp, click on this link: https://www.mtpelerin.com/support.
This word stands for ”Long Term Holders”.The evaluation aims to determine the investors who have held or consistently held CROWD for the most extended period during the competition.
The factors considered in the evaluation include the purchase time and the continuous ownership volume.
Two wallets are considered “connected” if a transaction into CROWD has taken place between them. This is known as a “wallet network.”Two wallets are considered “connected” if a transaction into CROWD occurs between them. This is known as a “wallet network.” https://crowdswap.org/blog/long-term-holder-competition-season-ii-rules/
Anyone can participate in the competition if they have at least 10,000 CROWD in their connected wallet at the time of evaluation, are not or were not an advisor at CrowdSwap, and are not an employee of the CrowdSwap project.
The winning points are calculated based on the eligible wallet networks, determined based on CROWD transactions between wallets, the absence of advisors or CrowdSwap project employees, and the minimum balance of 10,000 CROWD.
CROWD in the wallet, CROWD in staking, CROWD transfers to other wallets, and CROWD Liquidity Mining if no CROWD had to be sold to enter Liquidity Mining are considered as “CROWD held.”
CROWD swap into other non-CROWD tokens and investing in Liquidity Mining by only CROWD (because half of the CROWD are swapped in the background) are not considered as “CROWD held.”
The “capital at start” refers to the wallet balance at the end of the “LTH I CROWD Masters” period, which is considered the starting point for calculating the winning points for those who purchased and held CROWD during that period.
No, yields from LTH I will not be considered in the balance history.
The main difference between LTH1 and LTH2 is the timeframe and the periods considered for calculating winning points.
In LTH1, the evaluation period is before 21 February 2023. It is irrelevant for collecting winning points, but the wallet balance at this period’s end is considered the “capital at the start.”
In LTH2, the evaluation period is from 21 February 2023 to the Bitcoin Halving in 2024 (exact date to be determined in the future).
The list of Long term holders is updated weekly every Monday, and you can view it on the Loyalty Program page of CrowdSwap.
If your wallet address is not listed in the weekly update, contact us so we can sort it out and get you back in the running.
The prize pool for the LTH2 competition is up to 1.5 million CROWD tokens.
In the competition we only respect CROWDS that were bought or received from airdrops or competitions in the past. Rewards (from liqui-mining or staking e.g.) do not count here. So the amount you can see in the list is usually lower than the current amount in your wallets
Every purchase of CROWD before 21st January 2023 will increase your winningpoints only if you not sell them before evaluation day (bitcoin halving 2024)
In the CrowdSwap Ambassador Program, enthusiasts can promote CrowdSwap through social media and word-of-mouth marketing. Ambassadors receive a commission percentage after attracting users and conducting transactions through them.
To join the CrowdSwap Ambassador Program, register and receive an ambassador ID on the application. You can earn commissions by sharing this ID with others and encouraging them to use the CrowdSwap platform.
More info: Ambassador Program – CrowdSwap
You can join the CrowdSwap Discord channels related to the ambassador program and utilize banners, infographics, and text shared within these channels. Share this content with friends and acquaintances or post it on social media.
Discord Channel: https://discord.gg/MsDM7Py9CR
Yes, anyone can join. However, those who are genuinely interested in CrowdSwap, possess a strong online presence, and can effectively communicate the benefits of CrowdSwap are likely to be more successful. Join the CrowdSwap Ambassador Discord channel to present CrowdSwap effectively.
The minimum amount for a payout is $50, and on the first day of every month, Our team will monitor the eligible ambassadors. After that, their payouts will be sent to their wallets until the 15th of the said month. Of course, you can watch your commissions on your affiliate dashboard in real-time, so you will know how much you made at any time.
Currently, CrowdSwap offers one of the highest commission rates in DeFi. Ambassadors receive a 60% commission on the fee generated in each transaction.
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