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CosmicSwapCosmicSwapby0x68Fc93Fc7a1faCb7aBEa4DC3CE7ee24DD109715E0x68Fc…715E

How should we solve the price discrepancy between $COSMIC on BSC and Polygon?

Voting ended over 4 years agoSucceeded

We need to review our method of solving the price difference between both our tokens available on BSC and Polygon. We want to let the community decide on what we should do based on the options that are available for us.

  1. Treat both tokens as separate tokens with their own price action of demand.
  2. Set an exchange rate of dollar value rather than the 1:1 value we have. Eg; BSC Price, 10$, Polygon Price, 5$, One BSC token will give you 2 Polygon Tokens.
  3. Wait for the prices to level and implement a bot that will automatically buy and sell on both chains to level up the prices. [NOT RECOMMENDED]

-Azure CosmicSwap

Off-Chain Vote

Both tokens have different price
379.06 94.7%
Change the exchange rate to swap
21.31 5.3%
Implement an arbitrage bot
0 0%
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Timeline

Aug 24, 2021Proposal created
Aug 24, 2021Proposal vote started
Aug 29, 2021Proposal vote ended
Oct 26, 2023Proposal updated