FON (FstSwap) is up 2000% since the launch of BNBChain
Within 25 days since FstSwapbright launched on BNBChain, the price of $FON token has increased by more than 2000% within a few weeks.
FstSwap FON goes against the market.
FstSwap is an automated market maker (“AMM”) that allows the exchange of two tokens on the BNB Chain. According to the documentation, the protocol has a strong community effect, globally distributed community nodes, and innovative references to Swap node elections, making the entire Swap ecosystem more active and attracting more traders to use it. Users can use $FIST tokens to exchange in and out, and the total supply is limited.
On the other hand, FON is a token that powers the entire ecosystem and is earned from farms and liquidity pools.
$FON token grew to $27 from just $1 in 25 days as total liquidity increased to $1.18 billion on May 23. With this recent development, FstSwap announced several updates, including changes to its user interface.
While other coins are suffering from this market downturn, this surge has come when all other protocols are trying to bounce back. However, the price has dropped in a few days to $18.82 currently, which is still something to watch out for.
The $FON token supports the entire ecosystem and is earned through farms and liquidity pools. The AMM on-chain protocol BNB had total liquidity of $839.03 million on May 7 but exceeded the billion-dollar standard within two weeks.
FstSwap has also made some updates to its user interface in response to the increase in the $FON token and user interest.
FastSwap’s tweet shows a spike in prices after the FstSwap audit report was published on April 28. Certik and Beosin prepared the audit report. As reported by Certik, there are no critical vulnerabilities, but there are two principal vulnerabilities in the centralized category, one of which has been resolved and the other acknowledged. According to Certik, it has a security score of 81.
In less than three months of its launch, the FST Swap hit vital control points, starting with introducing OSK tokens on the BNB Chain. Since then, FstSwap has partnered with several protocols such as BitKeep, AveAI, and sgSender. Additionally, FstSwap has also announced a partnership with SpacePi, which will add the liquidity of FIST and SpacePi to FstSwap.
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