Do.Exchange (DOEX) Holding Public Sale on KICK.IO on 6th December
Do.Exchange, an Automated Market Maker (AMM) and community-driven decentralized exchange launching on the peer-reviewed Cardano blockchain, will crowdfund on KICK.io, a Cardano-focused launching pad and project accelerator, on December 6, 12:00 pm, GMT+02:00.
The DOEX Public Sale Details
The first phase of the DOEX public sale is highly anticipated. Currently, the demand for whitelisting is astronomical–signaling the high quality of the project and investors’ full confidence in developers’ capabilities.
At the pace of investor on-boarding, it is projected that by December 5, a day before the public sale, late investors won’t have a slot. The exchange will offer 23.8 million DOEX tokens representing 17 percent of the total supply at $0.11 to public investors on the Kick launching pad.
DOEX will serve several roles in the swapping platform ecosystem. Aside from holders accessing voting rights, the team will use DOEX to encourage participation. As an AMM exchange reliant on the community, liquidity providers will be rewarded with DOEX. On the other hand, swappers will pay transaction fees in DOEX.
Cardano is the Future of Blockchain
Interest in crypto and DeFi continues to snowball. Following existing scaling and high transaction fee challenges in the legacy blockchain, Ethereum, users actively search for suitable layer-1 alternatives.
Despite activating Alonzo and launching smart contracts recently, Cardano takes the lead in several aspects. Already, Cardano is the most decentralized Proof-of-Stake layer.
Over 70 percent of all ADA in circulation is staked in the more than 1k staking pools. Moreover, Cardano continues to develop, building Hydra in anticipation of dense activity in the layer-1 ledger. Unlike other layer-1, developers are convinced the future of DeFi and other blockchain-anchored innovation lies on Cardano.
The launch of Do.Exchange (DOEX) on Cardano is one of the many pointers of the ledger’s benefits. At the same time, developers of DOEX are keen on building a functional solution drawing advantages from Cardano’s low-cost rails.
DOEX will leverage self-executing smart contracts to launch a fully decentralized swapping platform, further boosting the liquidity in the developing Cardano ecosystem.
Do.Exchange will be a one-stop-shop for DeFi Services
According to the DOEX team, the first DEX on Cardano will be interoperable, allowing the swapping of tokens between the ledger and Ethereum via a fool-proof bridge or converter. Eventually, they add, they plan to be a one-stop-shop for DeFi services, availing even more opportunities for users.
“Our vision is to become the first Cardano-based DEX, ensuring interoperability across chains and allowing for the seamless swap of tokens both on the Cardano blockchain and other ones like Ethereum via a fool-proof bridge or converter.”
“This is part of our extended vision of laying a solid background for extended business and expansion opportunities. Our long-term objective is to be the one-stop shop for DeFi services on the Cardano blockchain, including, but not limited to, staking and asset management.”
The DOEX private sale is ongoing and ends on December 5, 2021. Ahead of the public sale, the team is accepting inquiries from institutional investors who wish to participate in the private sale, acquiring the token at a discounted rate, with interested parties able to enquire at [email protected]
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