(Disclaimer: The contents are subject to change without prior notice, and under no circumstances can it be used as evidence of legal responsibility for investment results. The information provided here does not constitute investment advice. If you have any questions, please contact the Stackswap team.)
Hello, StackSwap Community.
Our team reached one of our goals for 2023 by listing our platform’s STSW token on Bittrex Global, a major centralized exchange.
As the permissionless DEX in the Stacks ecosystem, we thought it was an important step to increase the general accessibility of the platform by listing on a CEX. We plan to further increase accessibility and usability of Stackswap by listing on other centralized exchanges, as well as making STSW tokens more accessible with greater utility overall.
Our listing on Bittrex Global Exchange was announced on the official Twitter account here:
Stackswap’s STSW token was listed with a USDT pair available here: https://global.bittrex.com/trade/stsw-usdt
Progress Report
> Stackswap Dashboard (at block number 97,504 )
> Stacks Accelerator Verified Tokens: 10
● Stackswap (STSW)
● Stacks (STX)
● Arkadiko Token (DIKO)
● Arkadiko Stablecoin (USDA)
● Miamicoin (MIA) v1
● Miamicoin (MIA) v1
● Newyorkcity Coin (NYC) v2
● Newyorkcity Coin (NYC) v2
● Lucid Bitcoin (lBTC)
● HireVibes (VIBES)
Stackswap Ecosystem
> Stackswap Farming Contract Update
In order to keep with the Stacks 2.1 Update, we will be updating the current Farming contract.
Our last update was not executed very smoothly, so we are learning lessons from last time and explaining the process for this contract update.
The contract update will add multiple upgrades and functionalities, so we estimate it will take 3 weeks to complete. This would mean that we are aiming for what would be round 63 for Farming rounds for Farming to restart with the new Farming contract. Users would need to create a new Farming instance from round 63 to continue their Farming on Stackswap.
Farming rewards will be paused after the end of round 58, and users who were locked into farming for rounds 59, 60, 61, and 62 will have their expected rewards calculated and sent directly to their wallets. If our schedule runs past round 63, we will extend this farming reward distribution to cover all rounds until we complete the contract upgrade.
This contract upgrade will mean all farming instances will be cut off after round 58, and users will have to create a new farming instance from round 63 onwards.
The contract upgrade will allow for users to claim all their pending rewards in one transaction, allowing users to save time and transaction fees when claiming their farming rewards. In addition, it will add greater flexibility for the team when and if future farming contract upgrades are required. More details will follow in the next Biweekly reports as well as our social media accounts.
> Stackswap Giveaway Event
To celebrate our listing on Bittrex, we are holding a giveaway event. This giveaway event will last for a month with the following winner’s prizes:
EVENT DURATION: Mar. 02. 2023 ~ Apr. 02. 2023 08:00 AM (Pacific Standard Time)
PRIZES:
🏆 Top Entry (1 Winner):
300 STSW + Gold Pass NFT + Silver Pass NFT
🥈 2nd to 5th Place Entries (4 Winners):
200 STSW + Silver Pass NFT
🥉 6th to 10th Place Entries (5 Winners):
100 STSW + Silver Pass NFT
🥈 500 random winners: 10 STSW
🏆 50 random winners: Silver Pass NFT
Event Link : https://gleam.io/dnZYo/stackswap
> Stackswap Dashboard Update
We have created a token dashboard of notable project tokens within the Stacks ecosystem.
The dashboard’s Market Cap figure is calculated as Token Price multiplied by Circulation, and we will currently display the top 15 tokens in terms of market cap. For new projects to either the Stackswap token list or the Stacks ecosystem, we will refrain from being displayed on the token dashboard until we have basic information from the project, such as project website, social media links, and if there is a finite supply of tokens for the project. This will be carried out to filter out possible rug pulls or dishonest projects.
The dashboard will also link to an External Swap option (to either BTC or ERC-20 ETH) or Swap (SIP-010).
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