CrossFi
  • CrossFi
  • ENGLISH
    • Introduction
    • DApp Instructions
      • Ethereum chain(ERC20)
        • Getting started
        • Add CRFI and cFIL on wallet
        • Start CrossFi DApp
        • Stake CRFI and cFIL
        • Swap FIL and cFIL
        • CrossFi Borrow (Flashloan)
        • Ethereum chain to BNB Smart Chain
      • BNB Smart Chain (BNB)
        • Getting started
        • Add CRFI and cFIL on wallet
        • Start CrossFi DApp
        • Stake CRFI and cFIL
        • Swap FIL and cFIL
        • MetaMask Wallet Withdrawal Guide
        • CrossFi Borrow (Flashloan)
        • CSO (CrossFi Swap Opportunity)
        • BNB Smart Chain to Ethereum chain
      • Invitation Reward
    • CrossFi - CRFI
      • Token Listing
      • Token Economics
      • Token Distribution
      • Token Contract
      • white paper
      • Audit
    • FAQs
    • Roadmap
    • Channels
    • Announcement
      • What are Liquidity Pool (LP) Tokens?
      • CSO Follow Up Report
      • IT IS TODAY!
      • Let the countdown begin!
      • CrossFi Swap Opportunity is here once again!
      • 9th Round CSO Summit Unveiling Soon
      • Suspend recharge business
      • CrossFi Will Support the Filecoin (FIL) Network Upgrade
      • AMA Recap — CrossFi x Metatalkz
      • CSO Follow Up Report
      • Countdown 0 day
      • Countdown 1 day
      • Countdown 2 days
      • Let the countdown begin!
      • The CrossFi swap opportunity is back
      • CSO #8 coming soon
      • What is Flash Loan
      • What is Exchange Trust Fund
      • The Liquidity Crisis in Crypto Ecosystem
      • CrossFi WorldCup Final Prediction
      • Understanding Blockchain Trilemma
      • World Cup CrossFi Event
      • CSO Follow Up Report
      • Financial Inclusivity– The role of DeFi
      • Will start in an hour and a half🚀
      • Countdown to the day
      • Countdown to 2 days
      • Are you ready? Countdown to 3 days
      • Greetings, CrossFi Family!
      • How does Crypto Lending and Borrowing Work?
      • What are Meme Coins
      • What is Governance Token
      • What is Multi-Asset Staking
      • What is the Difference Between APY and APR
      • Understanding the Difference Between Cryptocurrency and Stock
      • Ethereum Merge– The CrossFi Outlook
      • Announcement
      • Understanding the Basics of Peer-to-Peer Network
      • Atomic Swaps
      • Difference Between Centralized and Decentralized Cloud Storage System
      • How Secure are Crosschain Solutions– Why CrossFi?
      • CSO #6 is a success!
      • CSO #6 Is On 10th August!
        • Countdown to 1 days for CSO #6
        • Countdown to 2 days for CSO #6
        • Countdown to 3 days for CSO #6
      • Understanding Transaction Fees on Blockchain
      • Passion Economy– GameFi, and how it is incentivising Gamers
      • Difference Between Token and Coin
      • Custodial and Non-Custodial Wallets
      • The Basics of Investing in DeFi
      • Exploring DeFi Oracles, and Their Roles in Decentralized Finance
      • What is Impermanent Loss and How to Avoid it
      • Reassessing the Use Cases of Blockchain in the Real World
      • Revisiting the Basics Functionalities of Stablecoins
      • The updated version of our DEX will be live in the third quarter.
      • The Role of Dapps in the Web3 Ecosystem
      • Permissionless, Decentralized Web– Revisiting the Basics of Web3
      • IPFS is Taking Cloud a Step Further with Decentralized Storage
      • An Expository into the Filecoin Ecosystem
      • The Blossoms of Traditional Banking Dwindles as DeFi Enters the Stage
      • Revisiting Blockchain Scalability and the Fate of Adoption in a Bear Market
      • Revisiting Privacy, Free Speech and Censorship in Web3
      • Blockchain Accessibility
      • The World Doesn’t Need Banks, Policymakers or NGOs — It Needs DeFi
      • Proof-of-Work and Proof-of-Stake Compared
      • NFTs at a Glance
      • The Journey Towards DEX Regulation
      • CSO #5 Is On 10th May!
        • ONLY a few hours to go for the CSO #5
        • One day to go!
        • Two days to go!
        • Get ready for CSO #5 just 3 days to go stay tuned
      • Liquidity Pool
      • DEX Aggregators– All You Need to Know
      • Importance of Cross Chain Solutions– A Future Outlook
      • Introducing Aurora
      • Raising Global Investment in DeFi Space– Growth and Analysis
      • CrossFi Staking Rewards
      • Announcing the winner of the meme contest
      • Functions of DEX–A Brief Overview
      • The meme contest is coming to an end
      • Announcement
      • Deploy CrossFi DEX on Aurora
      • We're happy to announce new features on our DEX protocol.
      • GREAT NEWS!
      • Less than 24 hours until our big announcement!!
      • CrossFi Discord Meme Contest is here!
      • Something Big Coming on CrossFi
      • What exactly is a Decentralized Exchange(DEX)?
      • CRFI(CrossFi)will be listed on LBank
      • Know more about CrossFi
      • The 2022 Roadmap For The CrossFi DEX
      • Our website has been newly updated!
      • CSO #4 Successfully Concluded!
      • Markets Are Up & CSO #4 Is On 10th February!
        • It's today! Are you excited? Wallets ready?
        • One day to go! Better save the date AND time!
        • Two days to go until the start of the CSO #4!
    • CSO burns
      • CSO #15
      • CSO #14
      • CSO #13
      • CSO #12
      • CSO #11
      • CSO #10
      • CSO #9
      • CSO #8
      • CSO #7
      • CSO #6
      • CSO #5
      • CSO #4
      • CSO #3
      • CSO #2
      • CSO #1
    • CSO #12
  • 中文
    • 项目简介
    • DApp 使用说明
      • 以太坊链(ERC20)
        • 入门
        • 语言切换
        • 添加CRFI、cFIL
        • 进入CrossFi DApp
        • 质押cFIL、CRFI
        • 兑换FIL、cFIL
        • CrossFi 借贷(闪贷)
        • ETH链兑换BNB智能链
      • BNB智能链(BNB)
        • 入门
        • 语言切换
        • 添加CRFI、cFIL
        • 进入CrossFi DApp
        • 质押cFIL、CRFI
        • 兑换FIL、cFIL
        • MetaMask 钱包提取指南
        • CrossFi 借贷(闪贷)
        • CSO(CrossFi 兑换机会)
        • BNB智能链兑换ETH链
      • 邀请奖励
    • CrossFi - CRFI
      • 代币上市
      • 代币经济
      • 代币分配
      • 代币合约
      • 白皮书
      • 审计
    • 常见问题
    • 频道
  • Tiếng Việt
    • Giới thiệu
    • Litepaper
    • Hướng dẫn sử dụng Dapps
      • Ethereum (ERC20)
        • Bắt đầu
        • Thêm CRFI và cFIL trên ví
        • Khởi động CrossFi DApp
        • Stake CRFI and cFIL
        • Chuyển đổi FIL và cFIL
        • Borrow CrossFI (cho vay nhanh)
        • CSO (Cơ hội hoán đổi CrossFi)
        • Ethereum chain to BNB Smart Chain
      • BNB Smart Chain (BNB)
        • Bắt đầu
        • Thêm CRFI và cFIL trên ví
        • Khởi động CrossFi DApp
        • Stake CRFI and cFIL
        • Chuyển đổi FIL và cFIL
        • Borrow CrossFI (cho vay nhanh)
        • CSO (Cơ hội hoán đổi CrossFi)
        • BNB Smart Chain to Ethereum chain
      • Phần thưởng lời mời
    • CrossFi - CRFI
      • Niêm yết token
      • Token Economics
      • Phân phối Token
      • Token Contract
      • Kiểm toán
    • FAQs
    • Các kênh truyền thông
  • Bahasa Indonesia
    • PERKENALAN
    • PETUNJUK DAPP
      • BNB Smart Chain (BNB)
        • Memulai
        • Tambahkan CRFI dan cFIL di Dompet
        • Memulai CrossFI DAPP
        • Stake CRFI dan cFIL
        • Tukar FIL dan cFIL
        • Pinjaman CrossFI (Dana Cepat)
        • BNB Smart Chain ke Ethereum chain
      • Ethereum (ERC20)
        • Memulai
        • Tambahkan CRFI dan cFIL di Dompet
        • Mulai CrossFI Dapp
        • Stake CRFI dan cFIL
        • Swap FIL dan cFIL
        • Pinjaman CrossFi (Dana Cepat)
        • Ethereum chain ke BNB Smart Chain
      • Hadiah Undangan
    • CrossFi - CRFI
      • Daftar Token
      • Token Ekonomi
      • Pembagian Token
      • Kontrak Token
      • Audit
    • FAQs
    • Lite paper
    • Channels
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  • What is the CSO?
  • Participate in the CSO

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  1. ENGLISH
  2. DApp Instructions
  3. BNB Smart Chain (BNB)

CSO (CrossFi Swap Opportunity)

The CSO is a great way to experience the liquidity of CrossFi by swapping to Filecoins and burning your CRFI.

PreviousCrossFi Borrow (Flashloan)NextBNB Smart Chain to Ethereum chain

Last updated 3 years ago

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What is the CSO?

Introduction

CSO is an opportunity for CRFI (CrossFi Token) holders where they can swap CRFI to cFIL for good profits. cFIL is a 1:1 pegged synthetic FIL (Filecoin). CSO has been added to the (dapp.crossfimain.com) as a regular feature. It will be launched as a 1-day-only event for the first time on September 9th 2021, and thereafter, more such 1-day-only events will be regularly organized.

CSO is a great chance for you to experience the liquidity and profitability of investing in CrossFi. So just open the DApp and Swap!

The structure of the CSO

The allocated cFIL pool for the event has been sponsored by 10% of the total revenue generated via , a feature that we launched recently on 2nd September, 2021.

The exact number of cFIL (Filecoin), the Pool Capacity, maximum participation amount per person and the CRFI to cFIL Swap Ratio will be announced through the and the approximately 30 minutes before the start of the event. The Swap Ratio will be determined by the market price at that time.

When the event timer ends, the swap will be automatically terminated. Any deposited CRFI that is not swapped will be returned to the user. If there happens to be any unused cFIL in the pool at the end of the first CSO, the amount will be carried over to the next CSO, to be announced at a later date.

The process explained (as on the screen during the CSO Event)

1. Initiate - Initiate the exchange, enter the exchange amount, and confirm with the wallet.

2. View - Wait for the event to end and check the redemption results.

3. Extract - Withdraw the converted assets.

What is a Limited Exchange?

This option has a maximum amount of CRFI that can be swapped per user but there will be no Participation Fee.

Example:

You start with 2,000 CRFI

Swap Ratio is 20 CRFI:1 cFIL

Total CRFI Deposited on the Platform is 40,000

Swap Pool has 1,000 cFIL

Formula is:

Amount of cFIL Swapped = Your CRFI Participation Percentage * Swap Pool

i.e., Amount of cFIL Swapped = (Your Deposited CRFI / Total CRFI Deposited on the Platform) * Swap Pool

i.e. Amount of cFIL Swapped = (2,000 / 40,000) * 1,000 = 50 cFIL

And Amount of CRFI Used = Amount of cFIL Swapped * Swap Ratio

i.e. Amount of CRFI Used = 50 * 20 = 1,000 CRFI

So, you can withdraw 50 cFIL and the remaining 1,000 CRFI

What is Unlimited Exchange?

This option has no limits on the amount of CRFI that can be swapped per user but there will be a 10% Participation Fee. The more you put in, the more you will get out.

Look at the example above. From a total of 2,000 CRFI at the start, 1,000 were used for the swap and the remaining 1,000 were available for withdrawal. With the 10% Participation Fee, the 1,000 CRFI used will become 1,100. So, 900 will be available for withdrawal.

CSO FAQs

Which swap should I participate in? Can I participate in both at the same time?

You can participate in one or both at the same time.

What is swapped CRFI used for?

Successfully swapped CRFI will be burned.

How much does it cost to participate?

Only the Unlimited swap opportunity charges a fee, the Limited swap is free. Upon withdrawal, you will receive the net amount after deduction of a 10% participation fee.

Where will the participation fee be used?

The received CRFI for the participation will be burned.

Participate in the CSO

How to use the CSO feature?

1. When you open the DApp, you will find a [CSO] button added to the main menu at the bottom of the screen.

2. Pressing the [CSO] button will open the Swap & Burn Event screen.

3. The clock countdown will show you how much time is remaining for the 1-day-only event to conclude, don’t miss out on this great opportunity!

4. The ‘View Past’ dropdown will show you information about the past events and the next event. 1-day-only CSO events will take place regularly on the CrossFi DApp.

5. Press the [Limited Exchange] button for a 0-fee swap from a smaller pool of cFIL.

5. Press the [Unlimited Exchange] button for a 10% fee swap from a larger total pool of cFIL.

6. Simply press the [Authorize] button to execute the swap and you’re done!

CrossFi DApp
CrossFi Borrow
official CrossFi Twitter account
official CrossFi Telegram group