Creditcoin Launches Mainnet of Decentralized Exchange 'Penguinswap'

Creditcoin's Penguinswap Mainnet Offers New Opportunities for Token Swapping and Liquidity Provision

Creditcoin (CTC), a multi-chain Layer 1 blockchain network, has officially launched the mainnet of its decentralized exchange (DEX), Penguinswap, on February 7. The launch marks a significant milestone for Creditcoin, as it expands its blockchain ecosystem to offer users a more seamless and cost-efficient trading experience.

According to Creditcoin, the Penguinswap mainnet comes equipped with essential features such as token swapping, liquidity provision, liquidity pool creation, and fee generation through liquidity supply. Notably, the exchange operates without transaction fees, providing users with a more affordable and flexible platform for decentralized trading.

This mainnet launch follows the successful rollout of the Penguinswap testnet on January 9, during which Creditcoin tested the platform's service stability and incorporated community feedback to improve the system. With the mainnet now live, users can begin trading and providing liquidity on the exchange, benefiting from its user-centric design.

Creditcoin emphasized that Penguinswap was built with a focus on security, transparency, and usability, aiming to enhance the decentralized trading experience. Through this platform, users can trade tokens and provide liquidity in a transparent environment, while maintaining full control of their assets within the Creditcoin ecosystem.

To celebrate the launch, Creditcoin is organizing a month-long trading competition starting on February 20, offering CTC rewards to users who engage the most in token swapping and liquidity provision activities. The competition encourages users to interact with the Creditcoin network by trading and participating in liquidity pools, with rewards distributed based on their involvement. Creditcoin aims for this initiative to promote the expansion of its ecosystem, allowing users to experience the benefits of decentralized finance (DeFi) within its growing platform.

Furthermore, Creditcoin’s development company, Gluwa, has been actively involved in expanding its ecosystem. Recently, Gluwa participated in the enhancement of Nigeria's Central Bank Digital Currency (CBDC), the eNaira, and has formed partnerships with Spacecoin, Sui, and Walrus. These strategic collaborations aim to further grow the Creditcoin ecosystem and broaden its global impact in the blockchain space.

With the launch of Penguinswap, Creditcoin continues to build momentum, offering a decentralized solution for users looking for secure, efficient, and transparent trading opportunities within the blockchain world.