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Press Release

Can Calyx Token (CLX) outrun PancakeSwap (CAKE)?

The DeFi (Decentralised Finance) sector has some of the most innovative platforms looking for a way to ease finance in the lives of the masses. Several DeFi ecosystems thrive on cutting costs with intermediaries while trading and providing passive income while at it. Like PancakeSwap (CAKE), Calyx Token (CLX) aims to positively impact the DeFi scene.

DeFi enthusiasts will notice there are still some tokens on centralised exchange platforms which is illogical for a system that preaches decentralised finance. DeFi tokens are on centralised exchanges because of the lack of sufficient liquidity pools.

Top blockchain networks like Ethereum (ETH), Polygon (MATIC), Binance Smart Chain (BSC), Avalanche (AVAX), and Fantom (FTM) pull liquidity pools from Uniswap, ParaSwap, ApeSwap, TraderJoe, Axial, SpookySwap, SpiritSwap, and many more. The Calyx ecosystem will use the CalyxSwap system to aggregate all of these liquidity sources to give one system that encourages fast trade and cheap transactions.

Can Calyx Token (CLX) compete with PancakeSwap (CAKE)?

PancakeSwap (CAKE) offers a platform that allows you to trade, earn, and get rewards as you hold and use the platform’s native tokens. Its tokens do well in the market due to the functionalities the PancakeSwap ecosystem provides. It allows a no-registration use of the platforms; just connect your wallet and start swapping tokens.

The Calyx Token ecosystem also enables users to use its services without creating an account. Instead, connect your wallet to the platform for an immersive, seamless experience of swapping tokens they have for CLX or any other. In addition, the CLX ecosystem is community-driven and uses a permissionless liquidity protocol.

CLX design allows users to focus on multi-chain crypto trading and sourcing liquidity from decentralised exchanges. This lets you get the best prices for the token swap. With the CalyxSwap, users of the CLX tokens can switch between tokens in a single transaction without hassle. The ecosystem currently uses Ethereum for transparent transactions, but it will add other popular blockchain networks over time.

CLX token holders will have the power to govern and manage the protocol. Through the CalyxDAO, your votes and decisions will have the potential to influence the changes in the ecosystem.

Liquidity Providers and Traders

To make the aggregation of liquidity pools possible, the Calyxswap will use two key components: the liquidity providers and traders. The liquidity providers are creators that contribute to the pool by contributing ERC-20 tokens to common liquidity pools.

The liquidity pool providers can create pools on any preferred blockchain using the CalyxSwap or add more liquidity to already created liquidity pools. This way, users will get higher capital efficiency for the liquidity providers and give users lower payable slippage.

Calyxswap is permissionless, and anybody in the ecosystem can become a liquidity provider or build pools by contributing equal amounts of underlying tokens in exchange for liquidity provider tokens.

The traders will be able to swap tokens through Calyxswap, where they’ll pay a small fee that goes to liquidity providers. The liquidity providers get 85% and 15% goes to CalyxDAO.

CalyxSwap will use trade routing to source and merge multiple liquidity pools across different decentralised exchanges on networks including Ethereum, Polygon, Binance Smart Chain, and Avalanche. This will give traders the best rate for swapping tokens on any network.

Calyx Token has good potential to surge in the cryptocurrency market with the values offered to its users. The crypto project will have an interactive and user-friendly interface to support your experience on the platform. There are more developments planned for the future as the new cryptocurrency gains traction.

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