What is FibSwap?
FibSwap aims to disrupt the crypto trading world by enabling users to swap tokens across multiple
chains using something called IMBS.
We built a DEx that will
disrupt crypto trading forever.
The FibSwap DEX is an Interoperable Multichain Bridge System (IMBS) DEX which utilizes the FibSwap Smart Algorithm.
This creates a bridge to swap tokens from one chain to another in one seamless, instant transaction.
FibSwap will have the lowest fees on the market too with its unique lowest fee swap aggregator.
$FIBO, is the governance token of FibSwap DEX, all fees and internal accounting will be in $FIBO tokens. Users of the platform will need $FIBO tokens to swap between chains which will further reduce the supply helping to increase the price longer term.
Problems & Solutions
FibSwap provides a great value proposition to users of the platform and to token holders which should provide the network effect needed for mass adoption.
One of the main questions we should all be asking when evaluating projects is what problem does this project solve?
High Transaction Fees - Trading cross chain can be costly swapping from one chain to another. It’s this cost that has put a lot of people off trading crypto with crypto projects losing out on millions of dollars.
Time Consuming - Just now, trying to swap tokens from one chain to another takes time and effort on the users part. Using the Binance bridge or the Matic bridge is just too much effort for anyone.
Too Technical - If you’ve ever tried swapping tokens from one chain to another you’ll know it can be tricky wrapping your head around what you have to do.
No Trust in CEX - Centralized exchanges are becoming less and less trusted as hackers are finding more and more vulnerabilities and stealing tokens from users of the CEX.
$FIBO - The $FIBO token will help to lower fees across all chains. By holding FIBO tokens users will know exactly how much each transaction will cost.
FibSwap Ease of Use - FibSwap aims to make it as easy to swap tokens from different chains as it is to swap on single chain DEXs like Uniswap and PancakeSwap.
10 Second Swap - Using FibSwap to swap an ERC20 token to a BEP20 token takes 10 seconds and can be used by someone who is completely new to crypto.
A Trusted DEX - The goal of FibSwap is to provide a safe place to trade your valuable crypto while remaining decentralized. We are loyal to our holders, and that gives us the means to grow exponentially and create one of the most trusted DEXs in the crypto space.
Our whitepaper is a dynamic document. As opposed to a static document we are constantly updating
the whitepaper with the most up to date information.
Security of FibSwap
As part of FibSwap’s core commitment to providing a secure DEX experience for our users, we will continually update and review our audit opinions
and are in talks with several auditors prior to launch of V1.0 of the FibSwap DEx.
Our commitment to maintaining a secure, safe and reliable platform form part of the core values of FibSwap. To ensure this, we have commissioned several Audits from various companies to continually review our process to protect our users and our platform from external exploits and vulnerabilities.
We are delighted to announce that the first of these audits have been completed by TechRate and we are proud to tell you that we have passed with flying colours.
At FibSwap we want to be as transparent as possible and give you all the information
on how we have allocated the original 10 Billion FIBO tokens.
Total supply After 500 million Burn: 9,500,000,000 (9.5 billion)
Locked Liquidity: 1,000,000,000 (1 billion)
Tokens Locked for 1 year: 2,436,000,000 (2.436 billion)
Master Wallet Locked Monthly: 2,390,000,000 (2bil and 390 million FUTURE BURNING WALLET)
Current Circulating Supply: 3,674,000,000 (3.674 billion)
Have questions? We’re happy to help.
You can ask us a question anytime in our various social media channels, our admin team, marketing team, developer team and the owner regularly hold live voice chat AMAs in our Telegram group.