NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

Montek Review

According to the CEO, Montek is a reliable and Trusted Investment Platform in Nigeria to invest and get percentage of your money back.

Montek investments says they strive to be among the best providers of investment services in Nigeria delivering a diverse range of established and pioneering service.

You will get profit of 20% ROI in 7 days on your first Investment and subsequently get 80% monthly!

Only Users that have activated their account are eligible to participate in Montek Investment Programme. However you must be 18 years and above, to participate.

Montek Investment

They are introducing a 20% start up ROI to every investor with a minimum of ₦10,000 and maximum of ₦500,000 for a start.

This ROI is to be paid weekly to enable reinvestment and full commitment to members.

• 10k You get 12,000 after 7days
• 20k You get ₦24,000 after 7days
• 50k You get ₦60,000 after 7days
• 100k You get ₦120,000 after 7days
• 200k You get ₦240,000 after 7days
• 500k You get ₦600,000 

20% ROI on all Investment

Montek Founder

While documenting this Montek review, I did my best to search and found no information on the founder of this platform.

I believe knowing the background record of a brand owner is a step forward into knowing how legitimate it is and the reputation of the Profile.

Montek provides no verifiable information about who owns or runs the company on its website.

Montek Withdrawal

• Login to your account.
• Ensure you have a running investment
• on the system.
• On your dashboard you will see a
• withdraw button after your investment is due for withdrawal.
• After 7 days, click withdrawal and you will be paid within 24 hours.

Montek Registration

• Login to your montek account or
• register an account if you don’t have one.
• On your dashboard, make sure you buy a coupon code.
• Click on the Vendors menu bar to buy a coupon code
• Your Coupon code automatically

Montek Login

Before you have access to Montek login page, it’s obvious you must registered successfully.

To login Montek only the below is needed 

• User name  
• Password

Is Montek Legit 

A legitimate Platform will have contact details on its site. If it is just a web contact form, without an address, email, and phone number you should probably be wary. All genuine online platforms will be happy to help with any query.

The platform never mentioned what it does with Investors money and there is no certification on the website, it’s not worth the trust.

Is Montek Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

• Do you think Montek is scam?
• How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Montek on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

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DeFi represents a broad category of financial applications that are being developed on top of open, trust-minimized, programmable, and censorship-resistant networks to improve upon the legacy financial system or create entirely new use-cases. 

Elite Swap is Complete Fork of Uniswap With Defi Dashboard and Multichain Swap Protocol.

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

Elite Swap Review

Elite Swap is a protocol for exchanging ERC-20 tokens on Ethereum. It eliminates trusted intermediaries and unnecessary forms of rent extraction, allowing for fast, efficient trading.

Where it makes tradeoffs decentralization, censorship resistance, and security are prioritized. Elite Swap is open-source software licensed under GPL.

Elite Swap is an automated liquidity protocol. In practical terms, this means there are template smart contracts that define a standard way to make liquidity pools and corresponding markets that are compatible with each other.

• There is no order book, no centralized party, and no central facilitator of trade.
• Each pool is defined by a smart contract that includes a few functions to enable swapping tokens, adding liquidity, and more.
• At its core, each pool uses the function x*y=k to maintain a curve along which trades can happen.

Elite Swap Prices Determination

Prices are determined by the amount of each token in a pool. The smart contract maintains a constant using the following function: x*y=k. In this case x = token0, y = token1, k = constant.

For each trade, a certain amount of tokens are removed from the pool for an amount of the other token. To maintain k, the balances held by the smart contract are adjusted during the execution of the trade, therefore changing the price.

Elite Swap Failure Issues

You might be trying to swap a fee on transfer or deflationary token. If so, you have to increase your allowed slippage to account for the fee taken during the swap. Click on the gear for settings and adjust Slippage tolerance accordingly.

Otherwise, if your transaction is taking forever or stuck pending the gas included might be too low and the transaction will not be processed. You probably need to speed up or cancel the transaction in your wallet.

Adding Token to Elite Swap 

Elite Swap is compatible with any ERC-20 token in the ethereum ecosystem. If you want your project to be searchable in their interface you should seek to be added to a reputable token list or share a link to your token using query parameters. 

Once loaded via a link, the token will be added to their interface. Another option is to open a request using github issues.

The Liquidity Provider Fees

There is a 0.3% fee for swapping tokens. This fee is split by liquidity providers proportional to their contribution to liquidity reserves.

Swapping fees are immediately deposited into liquidity reserves. This increases the value of liquidity tokens, functioning as a payout to all liquidity providers proportional to their share of the pool.

Fees are collected by burning liquidity tokens to remove a proportional share of the underlying reserves.

Since fees are added to liquidity pools, the invariant increases at the end of every trade. Within a single transaction, the invariant represents token0_pool / token1_pool at the end of the previous transaction.

Elite Swap Token

• ELT, the Elite Swap Protocol token, is live!
• ELT contract address: 0x380291A9A8593B39f123cF39cc1cc47463330b1F
• 60% of the ELT genesis supply is allocated to Elite Swap community members
• To start, ELT is available through four liquidity mining pools

Is Elite Swap Safe and Credible

Eliteswap is a decentralized exchange enabling trading between self-custodied wallets. Since the exchange lacks an order book and doesn’t hold assets, it is remarkably secure compared to traditional exchanges.

Is Elite Swap Legit 

To understand why the value of a liquidity provider’s stake can go down despite income from fees, we need to look a bit more closely at the formula used by Elite Swap to govern trading. The formula really is very simple. If we neglect trading fees, we have the following:

• eth_liquidity_pool * token_liquidity_pool = constant_product

In other words, the number of tokens a trader receives for their ETH and vice versa is calculated such that after the trade, the product of the two liquidity pools is the same as it was before the trade.

The consequence of this formula is that for trades which are very small in value compared to the size of the liquidity pool we have:

• eth_price = token_liquidity_pool / eth_liquidity_pool

Combining these two equations, we can work out the size of each liquidity pool at any given price, assuming constant total liquidity:

• eth_liquidity_pool = sqrt(constant_product / eth_price)

• token_liquidity_pool = sqrt(constant_product * eth_price)

So let’s look at the impact of a price change on a liquidity provider. To keep things simple, let’s imagine our liquidity provider supplies 1 ETH and 100 DAI to the Elite Swap DAI exchange, giving them 1% of a liquidity pool which contains 100 ETH and 10,000 DAI. This implies a price of 1 ETH = 100 DAI.

Is Elite Swap Scam

Primarily, Xycinews Media contents is to give an overview of platforms and what they entails to help you decide if proceeding with them or Investing only what you can afford to lose.

• Do you think Elite Swap is scam?
• How you being defrauded?

With a lot of platforms on our desk to review for the general public, we might not be able to keep track of Elite Swap on a regular. Please help us by dropping a comment and this will help other potential investors from falling prey or proceeding to invest.

Disclaimer

This Elite Swap Review Article isn’t aimed at defaming Elite Swap nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this Elite Swap review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

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Lately, the Binance Smart Chain ecosystem has seen exponential growth, this is due to the low commissions and the extreme rapidity of the transactions.

This has resulted in the migration of both developers and retail investors from the ETH DeFi ecosystem to the lower-cost and at the same time more powerful option: BSC.

Exorbitant gas fees have nearly caused new project launches to stall and existing projects to lose user engagement — staking, claiming, and normal trades are costing ETH users hundreds of dollars in transaction fees.

The Binance Smart Chain is currently seeing transaction volume per day higher than Ethereum.

NOTICE: In as much as Team Xycinews aims to deliver a near perfect review, we have a lot of Platforms on our Log to review & a lot already reviewed. Sadly this limits us from backdating to track the status of already reviewed platforms.

Kindly note that the platform information were correct as of time of publishing but might turn out to be SCAM without our notice.

Always check our article’s published date & the comment section below for users opinion. Thanks ♥️

BSC Launcher Review

Binance Smart Chain ecosystem has seen exponential growth, this is due to the low commissions and the extreme rapidity of the transactions.

BSC Launcher Finance is a Binance Smart Chain-powered Launchpad for on-chain token pools, giving projects the possibility to raise capital in a decentralized and secure way on BSC.

Although, reputable DeFi protocols are majorly user-centric. So many bad actors are taking advantage of the liberty and permissionless nature of DeFi to scam users of their funds.

To protect investors’ funds, and to save legitimate projects from unnecessary hurdles of presales, BSC Launcher claims to offers a safe ecosystem where the communities of projects are in total control of the presale processes. Some of the features are;

• 1% service fee charge with an easy to use user-interface
• Sustainable liquidity for exchange
• Presale security via “Case/Query Creation”

Is BSC Launcher Safe and Credible

BSC Launcher Finance’s aim is to enable a secure community-governed permissionless platform, and $BSCL token will play a central role. In fact, a lot of already-existing launchpads have an old bureaucratic system to determine the project which will be launched on their platform. They wanted to fully decentralize it allowing our community to determine which project will be listed through.

As we all know most Launchpads built for auction provide little or no incentives for token holders or value to their ecosystem aside from helping developers raise funds. The BSC Launcher smart contract offers presale on a different level featuring the first-of-its-kind smart functions on Binance Smart Chain, creating an advance and secure network for presale participants, and as well ensuring a sustainable ecosystem for token holders to be in charge of the sales.

BSC launcher finance token will be the key to access the various token sales pools, especially the classical high-demand project pools. This will incentivize holding because having a fixed number of tokens in the wallet will be the only way to participate in the most hyped project presales. Our investors will always have priority.

Is BSC Launcher Legit 

Importantly, I always warn my blog readers first not to fall for Ponzi schemes and other investment frauds inrespective of the model, either Smart Contract, MLM, Income program, HYIP Schemes etc.

This is because these platforms involve paying longer-standing members with money from new participants, instead of actual profits from investing or selling products/services to the public. 

Obviously, this cannot be sustained and will always collapse eventually in a space of weeks or months.

Is BSC Launcher Scam

BSC Launcher is excited to release its initial roadmap. This will also outline the BSCLauncher platform upgrades and our plans for the future.

The events depicted in the first 2 steps of the roadmap will happen by the end of March. This includes:

• $BSCL token contract deployment followed by the audit.
• Private seed, which is currently ongoing ( for more info you can contact us: admin@bsclauncher.finance )
• AMA with a community that has yet to be chosen.

After both presale and public sale are concluded, they will proceed with the PancakeSwap listing and Coinmarketcap & Coingecko applications.

In Summary – Is BSC Launcher Legit or Scam

BSC Launcher smart contract ensures initial token liquidity is made available and joinable by selected token holders on the platform. This feature ensures investors need not worry about liquidity provision as all projects interacting with our Launchpad smart contract have to ensure there is provision for initial liquidity to carry out an auction.

To operate in our launchpad, staking and vote on governance proposals we are launching $BSCL, a BEP20 token that users will need to hold to be eligible to participate in presale pools.

$BSCL token will play an important role in our platform for a lot of reasons.

Disclaimer

This BSC Launcher Review Article isn’t aimed at defaming BSC Launcher nor is it targeted to promoting them. 

This article is strictly for enlightening purposes and a honest guide from our perspective because we strongly believe every brand needs a good background check.

Therefore, you are at liberty to accept or reject this article and act base on your own perspective of the platform. You are encouraged to share your own opinion or views about the platform with us via the comments box below so as to further improve this BSC Launcher review.

Team Xycinews is no third party and we can’t handle any queries whatsoever. 

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