The First Anniversary of CoinEx Smart Chain (CSC): Link the World with Blockchain

Disclaimer: The text below is a press release that was not written by Cryptotelegraph.com.

The crypto industry has gone through both bull and bear periods from 2021 to 2022. Last year, blockchain has seen revolutionary growth and is known by the public. Relying on such features as decentralization, transparency, security, and privacy, blockchain technology has brought drastic industrial changes when it is applied in industries such as finance and game. CoinEx Smart Chain (CSC) was born amid the intense competition of public chains last year. On June 30, 2021, the CSC mainnet officially went live after long-term accumulation and iteration. Designed to build a decentralized, open finance ecosystem, CSC has ushered in a new era of public chains.

CSC is celebrating its first anniversary with exciting events as below:

Event 1: https://gleam.io/competitions/y28bv-speak-csc-out-aloud-competition

Event 2: https://www.oneswap.net/cet/prediction

Event 3: https://gleam.io/competitions/nNYqa-who-gets-the-best-csc-promo

Since the mainnet launch last June, CSC went through a bull market and has been faced with a bearish crypto industry for the past six months, as evidenced by incidents including the crash of LUNA (the native token of Terra), the Bitcoin slump from the historic peak of USD 69,000 to around USD 19,250 on June 30, and Three Arrows Capital’s staggering total liquidation amount of USD 400 million on lending platforms like Deribit and BlockFi.

CSC has made consistent efforts to give back to the market for the past year: when the industry embraced a boom, the public chain made stable progress; when the market turned bearish, CSC focused on infrastructure and optimized its ecosystem. The steadily growing public chain is backed by CoinEx’s firm ecosystem. As an international crypto trading platform, CoinEx is a veteran who has gone through countless ups and downs in the industry. Today it has established an all-inclusive ecosystem with multiple business segments including CSC, the wallet, and charity. Thanks to its profound strength, CSC has been following a sound development path.

Capture the market with quality and win the future with word of mouth

After a year of development, CSC has drawn DApps in various fields and diverse basic tools to its ecosystem. Apart from the must-have DEX, cross-chain bridge, and wallet, CSC has also attracted projects in trending segments like NFT and GameFi. With high user activity, CSC is well received among both developer teams and users. Such success is inseparable from its long-term commitment to “Being the Infrastructure of the Blockchain World”.

The past year has witnessed CSC’s firm and steady development. It’s noteworthy that its daily TVL once surpassed USD 1,200 before the bear market:

I. Ultimate user experience

Built on the PoS consensus protocol, CSC is compatible with EVM, generates blocks within seconds, and charges negligible fees, creating an ideal on-chain environment for both users and developers.

CSC has provided a comprehensive ecosystem where users can easily operate DeFi and enjoy various applications ranging from ViaWallet, CSC Bridge, DApps, and Swap. The native CSC Bridge brings crypto assets on Ethereum, BCS and Tron to CSC so that they can be exchanged for one another without restraints. It puts idle assets into full use to help users carry out their investment strategies, and moreover, tackles the disadvantages, such as slow transaction, poor liquidity, and limited cryptos for trading, that decentralized exchanges used to suffer.

II. A win-win situation for both developers and CSC

CSC has set up the Multi-Million Dollar Supportive Plan and Special Funding Support for Metaverse Ecology to promote promising developer teams as well as dark horse projects. CSC will evaluate projects in terms of community support, security, liquidity, and innovation, to develop the ecosystem and yield win-win results. In its first global hackathon last September, the public chain built a communication channel for technicians and provided tech and funding support for developers.

CSC also launched the Ambassador program in December 2021, and has formed three strong professional teams, i.e. Community Sermons, Technology Enthusiasts, and Project Ambassadors, to facilitate its community, infrastructure building, and ecosystem construction. Such efforts also come as a catalyst for the rapid expansion of the CSC ecosystem.

A fruitful year, a fresh new journey 

From an objective view, it’s just a matter of time before the current bear market is gone. After all, the crypto market is full of vitality and enjoys rosy prospects. A bull market will come after the emerging industry gains momentum during the downturn.

The prospect of public chains remains broad, and an ideal infrastructure serves as the cornerstone. For CSC, everything has just begun. With desirable results achieved in the past year since its mainnet launch, CSC has just embarked on the journey of public chains. Let’s look forward to its more exciting performance in the future.