XDAO and CoinEx Smart Chain (CSC) are now partners. And you can create your company on CoinEx Smart Chain, which is the blockchain of a professional global cryptocurrency exchange. Manage cryptocurrency, raise funds with partners or create a small DAO just for yourself.
Efficient and low-cost system is completely compatible with Etherium and copes with its shortcomings such as ‘high cost and low efficiency”. It is also permission free and more decentralized, since CSC supports up to 101 nodes based on the ranking of staked $CET.
Exciting opportunities are coming and cross-chain makes your DAO more sustainable and adaptable on the market. Here’s an easy guide on how to create and rule your DAO on CSC.
How to fill up CoinEx Smart Chain wallet
To fill up the CSC wallet users could buy $CET in CoinEX exchange and withdraw to their wallet. Firstly, you should add CSC to MetaMask or use a wallet that support natively CSC like ViaWallet, Nabox or MathWallet. Then you can bridge tokens from the native chain to CSC Mainnet and back.
Here is more details: https://info.coinex.net/#/en-us/bridge?id=_2-bridge-tokens-from-the-native-chain-to-csc-mainnet
CoinEx Tokens ($CET) is a value-added services & privileges scheme based on CoinEx’s business ecosystem. $CET is issued on Ethereum ERC20 protocol and has been migrated to self-innovated CoinEx Smart Chain (coinex.org) acting as gas. Using the bridge ( bridge.coinex.net ) the user could choose to receive a portion of his bridged asset in $CET.
How to create DAO on CoinEx Smart Chain
Go to https://xdao.app/ and press the “Create a DAO” button.
Just that easy! More information on how to create a DAO you will find here: https://docs.xdao.app/
Finally, to start interacting with the CSC ecosystem you can check the existing dApp in CSC at coinex.org/Dapp. Connect your DAO any dApp using XDAO Connect.
Rapidly developing cross-chain systems have given more and more facilities to invest, trade and develop your blockchain projects. That is the reason why XDAO and CoinEx exist and cooperate — for the prosperity of decentralized world and Web3.
