The Fedoragold team is happy to announce that we have worked to lower the cost of swapping.
30 Mar 2021, 15:45
The Fedoragold team is happy to announce that we have worked to lower the cost of swapping; to do this we have added support for the xDai chain to our currency. Now, it is possible to swap FED for BFED on the xDAI Ethereum v2 sidechain. Fees on the xDAI sidechain are radically lower than on Ethereum mainnet. All tokens obtained on the xDAI sidechain can further be freely moved back into the Ethereum mainnet using the integrated gateway systems. The same MetaMask wallet can be used for both Ethereum and xDAI. You can trade FED for BFED (eth20) on xDAI, and you can trade BFED for FED, with much lower fees, or about .00005ETH per 1M FED. Ethereum v2 sidechains, are the new way of trading on Ethereum, and this is the way the Ethereum development team is lowering fees.
The good news does not end here! In fact, we have listed Bfed on the Honeyswap DEX, with the pair xDai-Bfed but soon we will add more pairs, and you can immediately take advantage of the low fees. Honeyswap is also DEFI so it is possible to create pools, or add liquidity in them as on Fedswap.com but at a lower price. Soon our developers will switch Fedswap towards the xDai chain, using the Honeyswap pool system, but the possibility of using the ETH chain as well will still continue. Of course our focus remains security and anonymity, and those who will exchange coins on Fedswap whether they will use the ETH chain or use the xDai chain will always remain anonymous this is what distinguishes us from other systems.