AfraSwap: Phase 1 Launch

Afraswap
3 min readNov 16, 2021

The Afraswap Team is excited to announce the Afraswap Phase 1 will be launched on 17th November 2021.

Phase 1 would last till the mainnet launch on 15th December 2021, and would bring new and unique opportunities for the users to get AFRA tokens through Staking Aryacoins in Pool or Holding Aryacoin.

Phase 2 will mark the mainnet launch on 15th December 2021 , which would bring even more ways for the users to earn Afra Tokens.

Currently the Team intends to launch the following activities during the phase 1 period:

  1. Airdrop of AFRA Tokens for AYA holders on BSC
  2. AFRA Tokens as rewards for Staking AYA on BSC
  3. Documentation Site Launch
  4. Testnet Launch
  5. Afra Tester Rewards
  6. Bug Bounty

These Activites are explained in details below:

Airdrop of AFRA Tokens for AYA holders on BSC

All Aryacoin (AYA) holders on BSC will be eligible for receiving AFRA tokens on reward. This Airdrop will start on 17th November 2021 and end on 15th December 2021. Each day at 00:00 UTC , snapshot of balances of all AYA holders will be taken till the end of this airdrop. An average balance would be calculated for each BSC Address which holds AYA based on the snapshots and the alloted AFRA tokens will be divided and sent to the all the users participating in this promotion till 20th December 2021.

AFRA Tokens as rewards for Staking AYA on BSC

Users can alternatively stake their Aryacoins into the AYA-AFRA pool , which would allow them to receive AFRA Tokens as rewards , users will be able to claim these tokens as soon as they are eligible and thus do not require for the promotion to end to receive their AFRA tokens as rewards.

Documentation Site Launch

Our documentation site with all the necessary protocol details can be found at: https://docs.afraswap.io

Testnet Launch

Afraswap Team is also preparing testnet launch of the platform to provide the users easrly access to test and use Afraswap capabilities in a safe testnet enviroment without any risk of loosing any real funds.

The Testnet Site would launch soon after the start of Phase 1.

Afra Tester Rewards

All the BSC accounts that participate in the testing site and help the team to improve the platform will be rewarded based on their activity on testnet.

More details regarding this will be shared once the Testnet Platform is launched.

Bug Bounty

Along with Testing platform launch the team will also launch a bug bounty program to enable users to report bugs directly to the users and be eligible for bounties based on the nature of the bugs. This would help the core team to improve the platform before the mainnet launch.

The Phase 1 will kick off on 17th November 2021, with the airdrops and all the rest planned activities will follow soon. The Afraswap Team is very excited for Phase 1 and we believe the users are as well.

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Afraswap

AfraSwap is the new age cryptocurrency Swap currently based on BinanceSmartChain and aims to revolutionize the way people Swap crypto.