About CherrySwap (CHE)
Cherry Swap is a decentralized exchange on the OEC network. Like other popular DEXs, the platform uses an automated market maker mechanism comprising liquidity pools to facilitate swaps between users. Cherry Swap's native crypto asset takes the ticker symbol CHE on exchanges. It serves as a governance token for the project, a medium of exchange and grants entry into daily lottery draws.
In addition to traditional token swaps and opportunities to generate passive income by contributing liquidity, Cherry Swap also provides a nonfungible token market — for which CHE is the medium of exchange — and a new token-sale model dubbed an initial farm offering. Participating in an IFO requires CHE-USDT liquidity provider tokens, which are awarded when contributing to the relevant Cherry Swap liquidity pool.
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