Emberswap, the new Dex on smartBCH launch in 2 days

SmartBCH is quickly gaining a lot of traction in the cryptocurrency world. As more and more people learn about it and jump on board, the potential for endless opportunities increases. The SmartBCH network is becoming a breeding ground for innovative new projects, and the potential for growth is enormous. We're excited to see what the future holds for SmartBCH, and we know that the best is yet to come.

Within 4 months of launch, SmartBCH is quickly becoming a go-to network for crypto enthusiasts and developers. With its growing community, consistent exposure, and trusted platform, more and more projects are being launched on the network. This provides endless opportunities for everyone involved. And the next big thing on the block is coming from the Incinerate protocol and its $FIRE tokens.

What to know about Incinerate Protocol

Incinerate Protocol is a decentralized finance (DeFi) platform that was launched last November 26, 2021. The platform is built on the smartBCH network and allows users to create and use smart contracts. The platform’s native token is $FIRE, which is a SEP-20 token on smartBCH network.

The platform’s main goal is to provide a more efficient and user-friendly way of creating and using smart contracts. The team behind Incinerate Protocol is also working on developing a Decentralized Exchange (DEX) that will allow users to trade different tokens and cryptocurrencies, and the Dex name is called Emberswap.

Meet Emberswap, an innovative Defi platform

'Emberswap' as the incinerate protocol upcoming Dex will be called will be launching in two days, Precisely on February 19th, and at 14 UTC. This new Dex, built on the incinerate protocol, will offer a more user-friendly experience, with a better interface and faster transactions.

The incinerate protocol is designed to offer a more efficient and secure way to swap tokens, and the upcoming Dex will be its first implementation.

A little Background on the protocol Dex "Emberswap"

Emberswap is a scaling solution that is being implemented to improve the Decentralized Exchange (Dex) functionality for the Incinerate protocol. The protocol is designed to reduce the gas requirements for trades and improve the user experience by allowing orders to be placed on a peer-peer transaction.

As the popularity of cryptocurrency continues to grow, so does the need for a platform that can accommodate a variety of transactions. EmberSwap is a decentralized exchange that provides liquidity and enables peer-to-peer transactions on the smartBCH Network.

The goal of EmberSwap is to provide a comprehensive and convenient, one-stop platform for the cryptocurrency community. With its easy-to-use interface, users will be able to trade a variety of cryptocurrencies on the smartBCH network.

This innovative exchange allows for secure and transparent transactions. And because it is decentralized, there is no need for a third party to manage or oversee operations. This means that users will be able to conduct transactions with complete confidence and privacy.

What does this mean for users?

With Dex Emberswap, incinerate protocol is looking to change the game in the world of crypto trading. EmberSwap is a direct swap platform that allows users to trade tokens without the need for a third party. This not only saves on trading fees, but also provides greater liquidity and security. As EmberSwap becomes more popular, it will help to support the growth of the smartBCH community by providing greater value to both token holders and traders.

EmberSwap is just that – an innovative new platform that allows users to trade directly from their wallets, rather than through a third party. Because tokens never leave your custody, it is 100% owned by you.

Lower trading fees make EmberSwap an attractive platform to trade with. Higher liquidity also helps provide a broad range of support to various facets of the smartBCH community, and to continuously adapt to the market by continuing to provide value to both token holders and the community.

We believe that EmberSwap will play a vital role in the growth and development of the cryptocurrency community, and we’re excited to be a part of it.

Emberswap tokenomic

Initial supply is 210,000 $EMBER

105,000 $EMBER is distributed to $FIRE holders

105,000 $EMBER is paired with 420,000,000 $FIRE at a launch price ≈ $0.0905632

How to participate and benefit early in Emberswap

Since the Incinerate protocol is the one developing the Emberswap Dex it's essentially right to reward its primary token $FIRE holders with the Dex native token $EMBER. In this case, 50% of the token $EMBER total supply will be distributed to all $FIRE holders in form of an airdrop. A user who invests in $FIRE tokens before the Dex launch will get the airdrop.

Incinerate token $FIRE is trading on Mistswap Dex at $0.00003335 per token at the time of writing.

Name: Incinerate

Token: $FIRE

Contract Address: 0x225FCa2A940cd5B18DFb168cD9B7f921C63d7B6E

Market Cap: $630,342.00

Circulating Supply: 18.7 Billion

Liquidity: $260,649.00

Emberswap proposed features

Like other Dex, Emberswap will have Yield Farming and staking features for paired in the liquidity pools and in the single Vaults to earn $EMBER.

Some of the proposed Yield Farming paired and their percentage allocation includes those in the screenshot below:

Ember Vault is the single staking pool for $EMBER. It will be a high incentivized pool for long term supporters of the Dex native token. The Vault has a locking function where a user can choose to lock $EMBER for a specified period to earn higher rewards.

When using the Vault, the timer reset and renew the locking period anytime a user claim reward or stake more $EMBER.

Our recommendations

With the Incinerate Protocol upcoming Dex Emberswap, we thought it would be helpful to give some recommendations on what you should do to get ready.

First and foremost, make sure you have the smartBCH network available on your MetaMask wallet browser and get some SEP-20 ready before the launch. preferably, you can get the $FIRE token to qualify for the $EMBER airdrop as well.

Also, be sure to join the Telegram group and follow Emberswap on Twitter for updates. We'll be sure to keep you in the loop as we get closer to the launch of the Dex Emberswap.

Telegram; https://t.me/IncinerateOfficial
Twitter; https://twitter.com/Incinerate_cash/status/1492081071906856962