CORE

LFGSwap Enters Arbitrum Ecosystem, Outlines Next Development Plan

by BSCN

March 23, 2023

LFGSwap will deploy its ecosystem functionalities and native $LFG token on Arbitrum. The DEX looks to tap into Arbitrum’s secure, fast, and cheap network.

LFGSwap Goes Live on Arbitrum

Core-based Decentralized Exchange (DEX), LFGSwap, has entered the Arbitrum ecosystem. Both the protocol’s products and the $LFG token will go live on the EVM-compatible blockchain.

Following the announcement on March 20, the platform aims to become the leading DEX on Arbitrum, with the largest traffic, most users, and strongest Meme attributes. The protocol also confirmed the news with BSC News, stating its plans to collaborate with Arbitrum officials to develop its growing ecosystem.

“We’re excited to announce that LFGSwap will be live on Arbitrum! Both the LFGSwap product and tokens will be deployed on #ArbiturmOne. We will work closely with Arbitrum officials in regard to community building and ecosystem development. LFG!” LFGSwap wrote to BSC News.

Arbitrum provides a suite of Ethereum scaling solutions that are secure, cheap, fast, and EVM-compatible. Further, integrating Arbitrum will help expand LFGSwap’s development in the Decentralized Finance (DeFi) space and attract more users.

LFGSwap’s next step toward development will be to deploy its existing functionalities, such as the Wolf of Wall Street Non-Fungible Token (NFT), Initial DEX Offering (IDO) launchpad, and $LFG tokenomics on Arbitrum. According to the protocol’s Medium publication, users can move their tokens across all active chains on LFGSwap.

“We are working on a viable solution for $LFG to move freely and securely between ETHW, CORE, and Arbitrum. In the case of integrating Arbitrum, holders of $LFG (ETHW/CORE) can exchange their tokens for $LFG on Arbitrum,” the blog read.

LFGSwap’s Medium blog has more information about $LFG tokenomics on Arbitrum, including cross-chain rules for bridging the token to the network. You can learn more about the $LFG IDO on Arbitrum HERE. The IDO is scheduled to kickstart on March 26 at 13:00 UTC.

What is Core DAO:

Core DAO is the official decentralized organization developing the Satoshi Plus ecosystem. It represents an opportunity for miners to access new revenue streams by contributing hash power to the chain. Inspired by the principles of both blockchains, Core displays a deep appreciation for the crypto ecosystem's history and an even greater excitement for Core’s role in its future.