Connect the world with Blockchain

by Arthur · July 4, 2022

Disclaimer: The text below is a press release not written by Cryptonews.com.

The crypto industry has gone through both bull and bear periods from 2021 to 2022. Last year, blockchain has had a revolutionary growth and is known to the public. Based on features such as decentralization, transparency, security and privacy, blockchain technology has led to drastic industrial changes when used in industries such as finance and gaming. CoinEx Smart Chain (CSC) was born in the midst of intense competition from public chains last year. On June 30, 2021, the CSC network was officially put into operation after prolonged accumulation and iteration. Designed to build a decentralized, open financial ecosystem, CSC has ushered in a new era of public chains.

CSC celebrates its first anniversary with exciting events such 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 in June last year, CSC has been going through a bull market and has been facing a bearish crypto industry for the past six months, as evidenced by events including the crash of LUNA (the original symbol of Terra), the Bitcoin decline from historic highs of $ 69,000 to around $ 19,250 on June 30, and Three Arrows Capital’s staggering total settlement amount of $ 400 million on lending platforms such as Deribit and BlockFi.

CSC has made consistent efforts to give back to the market over the past year: as the industry embraced a boom, the public chain made steady progress; When the market became bearish, CSC focused on infrastructure and optimized its ecosystem. The ever-growing public chain is supported by CoinEx’s permanent 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-encompassing ecosystem with several business segments, including CSC, wallet and charity. Thanks to its deep strength, CSC has followed a good path of development.

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

After a year of development, CSC has attracted DApps in various fields and various basic tools to its ecosystem. Apart from must-have DEX, cross-chain bridge and wallet, CSC has also attracted projects in trend segments such as 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 “be the infrastructure of Blockchain World”.

The past year has witnessed CSC’s steady and steady development. It is noteworthy that the daily TVL once passed USD 1200 before the bear market:

I. The ultimate user experience

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

CSC has delivered a comprehensive ecosystem where users can easily operate DeFi and enjoy various applications ranging from ViaWallet, CSC Bridge, DApps and Swap. The original CSC Bridge brings crypto assets on Ethereum, BCS and Tron to CSC so that they can be exchanged for each other without restrictions. It puts vacant assets to full use to help users implement their investment strategies, and also tackles the disadvantages, such as slow transaction, poor liquidity and limited crypto 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 development teams as well as dark horse projects. CSC will evaluate projects in the form of community support, security, liquidity and innovation, to develop the ecosystem and provide win-win results. In its first global hackathon in September last year, the public chain built a communication channel for technicians and provided technical and financial support to developers.

CSC also launched the Ambassador program in December 2021, and has formed three strong professional teams, ie Community Preachers, technology enthusiasts and project ambassadors, to facilitate 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 point of view, it is only a matter of time before the current bear market is gone. After all, the crypto market is full of vitality and has rosy prospects. A beef market will emerge as the emerging industry gains momentum during the downturn.

The prospects for public chains are still wide, and an ideal infrastructure serves as the cornerstone. For CSC, everything has just begun. With desirable results achieved in the last year since the launch of the main network, CSC has just started traveling with public chains. Let’s look forward to the more exciting performance in the future.