The Rise of Incinerate: An Upcoming DEX on SmartBCH named EmberSwap
February 16, 2022 - Wednesday, 11:00 PM
Smart Bitcoin Cash or SmartBCH is a side-chain of Bitcoin Cash (BCH) that aims towards decentralization in which a peer to peer transaction are being confirmed faster than any other crypto-chain's while having also the lowest transaction fees. It is a chain that works similarly as Web 3.0 API and Ethereum EVM Network which provides a secure and high throughput on its DApps on the crypto-world in decentralized manner.
As of this writing, SmartBCH currently has seven (7) active and live Decentralized Exchange's (DEX) on its Network.
If you don't know all of these Decentralized Exchange's (DEX) yet and it's governance, I already made an article about it two (2) weeks ago and if you really wanna know all of these DEX's, you can read on the article link below.
As young as SmartBCH is, there's a huge possibility that more and more crypto enthusiast and developer's will jump into its network as its get more people on board, consistent exposure and also enough trust from its supporter in all Bitcoincash Communi-verse. So let's expect it chill'hustler's that every now and then, more and more projects will be launched on SmartBCH Network and in this article of mine today, let's talk about the Incinerate Protocol.
The Rise of Incinerate Protocol
Incinerate Protocol is a DeFi Token on SmartBCH that was launched last November 26, 2021 and is currently on its phase of bringing its own DEX to its project. Incenerate Protocol and it's token $FIRE will soon have its own DEX which is named EmberSwap and add new token to its project in $EMBER. The launched of the DEX on its roadmap is February of this year and as what I have found out while searching for some details, it will be launch this coming February 19th and will have a distribution of $EMBER token to all its $FIRE token hodlers on the 18th of the same month, which two days away from now.
Tokenomics:
Name: Incinerate
Token: $FIRE
Contract Address: 0x225FCa2A940cd5B18DFb168cD9B7f921C63d7B6E
Market Cap: $631,342.00
Circulating Supply: 18.7 Billion
Liquidity: $281,649.00
EmberSwap on the other if I'm not wrong hasn't release its $EMBER Token Contract Address yet for I haven't found any on their site documents, but It already provides its total supply at 210,000 and half of it or 50% of the total supply will be distributed to all $FIRE token hodlers. EmberSwap also is currently running its testnet for a week now and so far hasn't encounter any big problems, so the launching will be possible at the dates I mentioned above. There will never be any other way to buy $EMBER Token but to wait for its launch with $0.09 initial price per token.
You can try the EmberSwap testnet at emberswap.com
Upon knowing all this information about Incenerate Protocol inline with its roadmap of launching its own Decentralized Exchange (DEX) back in the first week of this year, I bought some Incenerate Protocol Token in $FIRE wherein during this time also, the token was on its downtrend. I was holding a little $FIRE token which equivalents to 0.1 BCH at that time of buying back in the first week of this year. Lastweek, as the project is nearing its launch, the $FIRE token was pumping so I was tempted to sell some, my initial investment of 0.1 BCH became 0.13 BCH so I sell some 0.08 worth of $FIRE token and currently holding some $FIRE token that equals to 0.05 BCH.
If you want to be eligible for their inflationary token $EMBER distribution to all their $FIRE token hodlers, of course you need to have a live hodl of $FIRE token on your SmartBCH Wallets and if ever you have staked it on a farms, you should unstake it before February 18th for you to have a current hodl.
I'll try my best to update this article before the said launch date regarding this chill'hustler's once I've got some new and fresh information inline with this and let's ready our funds to buy on its DEX launching and support this project by staking your tokens on its farms because for sure, once a new DEX is launched, it always gives high APR's and APY's on its farms and pools to easily boost the DEX Total Value Lock (TVL).
You can follow the developers of the project and ask them directly about anything you want and they are very approachable and accommodating via their telegram account below:
https://t.me/IncinerateOfficial
May this project be successful and support it all throughout same as we warmly support and adopts the previous Decentralized Exchange's (DEX) on SmartBCH Network.
Hello there Chill'hustlers!! 🙋🏽♂️ That's it
for today and as always, I'm glad you
reach the end again, thank y'all for
always sharing your day with me, see you
on the next one Chill'hustler's. Have a
chill vibe love month and stay hopeful
cause better days are comin', Good vibes
always, Jah bless and PEACE ✌️!!! 🙏🙇
Adieux..!!!
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Title : The Rise of Incinerate: An
Upcoming DEX on SmartBCH named
EmberSwap
Author : @Carewind - 58th Article
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I haven't swap my $FIRE token yet since I bought it last year. I hold it for months already and I have a total of 5M hold and I bought it for 0.45 BCH that time and I have a free 2M plus hodl this is a amazing token for me because, everytime that the new buyers and when the dumpers swap their hodl, my hodl increases. 😍💚