The CoinEx native blockchain testnet is now in use with a $10 million DApp seed fund

CoinEx, a Cryptocurrency Exchange Company The company was established in December 2017 and today announced that after two weeks of stable internal operations, its native CoinEx Smart Chain (CSC) testnet has been successfully deployed. CSC is a Smart contract Blockchain provides developers with an efficient on-chain environment to run decentralized applications (DApp) and store digital assets.

The block interval of the CSC PoS consensus protocol is shorter than that of Ethereum. It adopts an equity-based on-chain governance mechanism and can support up to 101 block proposers without permission. In addition, compatibility with Ethereum means that almost all DApps, ecosystem components and tools on Ethereum can be directly migrated to CSC.

More features, including coming soon

According to the CSC development roadmap; the CoinEx public chain team completed the CSC tap at the end of April, released the CSC white paper and developer documents in May, and launched the testnet and seed fund program. It will be released this month. It will release CSC Explorer and CSC Mainnet. There are more improvements.

While ensuring the compatibility between Ethereum and its future upgraded version, CSC will continue to improve the throughput of the blockchain, make the blockchain client easier to use, enhance the security of the custodial service, and provide more cross-functionality. Chain token service. At the same time, enriching its DApp ecosystem will be one of CoinEx’s main goals in the near future.

$10 million seed fund and DApp competition to encourage more developers to participate

Promote the synergy between CoinEx’s CeFi and DeFi ecosystems; CSC Foundation will set up a seed fund of 10 million US dollars to attract More developers Build applications on CSC.

Subsequently, a DeFi project competition will be launched to encourage more DApp development. Promising projects will receive up to $100,000 in support funds. The CSC Foundation will also provide resources related to capital, technology and marketing for DeFi projects.

“CoinEx is very pleased to have new promising developers apply for CSC seed funding; and build their DeFi projects on CSC. Those with extensive development experience in other chains are also welcome to migrate their projects to CSC. CSC Foundation Liquidity will be provided to selected projects that pass the security audit and CET will be awarded as rewards. In addition, top projects will have the right to list tokens on CoinEx Exchange.”
– CoinEx team

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