Led by entrepreneur and CEO Alois Köhle, Tron-based DEX Socialswap has completed onboarding with USDT, BTC, and ETH trading markets on ProBit Global open for SST trading. An additional 80,000 SST highlights a trading competition rewarding the top 20 participants once the event closes on July 16, 2021, at 23:00 KST.
Socialswap is a cryptocurrency trading platform aiming to empower financial access as an education hub through various channels and social events.
Following the official launch of the SocialSwap DEX in March 2021, the team’s primary objectives include consolidating liquidity fragmentation and reducing slippage. Price oracles track and maintain price changes along with a cap on reserve balances preventing the execution of any swap transactions once a balance exceeds the set amount.
SST tokens unlock various tools such as token swapping, staking, and accruing LP tokens across current pools. During Q3 or Q4 2022, the team will roll out SocialSwap V2 and decentralized lending to enable users to access decentralized loans through cryptocurrency collateral.
The team will also allocate the majority of early investors’ funds for SST buybacks to equalize market volatility along with an additional 5M SST stored securely in the Hold-Back Pool.
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