The Cardano ecosystem continues to grow and evolve thanks to the introduction of ADA staking and smart contracts. As a result, competition is heating up for the race to become the top decentralized exchange in this ecosystem. The Do.Exchange (DOEX) team has recently unveiled an overview of what its platform will bring to the table.
DOEX Offers Many Useful Tools And Features
It becomes difficult to stand out in the ever-growing competitive landscape of decentralized exchanges. In recent months, many protocols have embraced the Automated Market Maker (AMM) model, enabling users to explore various market opportunities and maximize their trading potential. DOEX will similarly approach the decentralized exchange concept but provides a professional-grade user interface and experience that caters to the needs of novice and advanced traders alike.
Moreover, there is a growing need for customization when dealing with decentralized exchanges. Unfortunately, most DEX platforms have a strict user interface that is rather barebones and provide a sub-optimal experience. DOEX Shows it can be done differently while still providing customization options through unique panels presenting helpful information, displaying analytics, and enabling platform-specific functionalities. Empowering the user goes beyond allowing different trading pairs, as it should also extend to how they use the information and tools at their disposal.
Moreover, traders need a good overview of the current market conditions, which will change continually. DOEX has a set of charts depicting current market situations, the performance of one’s portfolio – updated in real-time – and accurate market pricing. These aspects are crucial when dealing with cryptocurrencies, either onlooker or trader. Additionally, the integration of the Nami wallet ensures users can perform swift transactions and exploit market gaps in real-time.
The core vision for Do.Exchange revolves around building solutions that will benefit all stakeholders in the Cardano ecosystem. The team created this decentralized exchange to achieve that goal, which will receive more functionality – including staking support – in the future. There will also be a stronger focus on the Analytics side of the spectrum, with other functionalities to be announced in future updates.
Public Sale Is Live On ExMarkets
As the demand for decentralized exchanges on Cardano becomes more outspoken, projects like DOEX will note tremendous attention for their token public sale. The public sale for DOEX is currently live on the ExMarkets Launchpad platform and runs until either December 27, 12:00 pm (GMT+2) or until the $2.52 million hard cap has been reached. There is no KYC requirement, making the public sale very accessible. The following tokenomics apply:
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Ticker: DOEX
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Price: $0.15 USD
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KYC: No
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IEO Start date: 2021-12-13 12:00 (GMT+2)
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IEO End date: 2021-12-27 12:00 (GMT+2)
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Total token supply: 140,000,000
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Available for sale: 16,800,000
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Hard cap: $2,520,000 USD
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Payment options: USDT ERC20, ADA, ETH, BTC, USDC
The low hard cap and affordable price per DOEX make for an attractive investment opportunity. Moreover, Do.Exchange had noted tremendous attention from investors before this token sale went live, indicating swift action may be of the essence.
Image Sourced from Monccur PR
Cardano is the blockchain of the future, there’s no doubt about it. Nevertheless, to foster that future we have to build the infrastructure around it. Cardano-exclusive decentralized exchanges (DEXs) are thus critical for the future of decentralized finance.
That’s why we’re immensely proud that Do.Exchange (DOEX), a Cardano-based DEX with an Automatic Market Making protocol, has chosen KICK.IO launchpad for its public sale. By making use of self-enforcing smart contracts, DOEX will facilitate trustless and efficient financial transactions between market participants, and provide the much-needed liquidity within the Cardano ecosystem. The DOEX Team said the following about the project:
“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.”
Unlike most DEXs, DOEX’s aim is to create a truly decentralized, community-driven protocol, where all token holders have voting rights, are able to guide the platform changes, and where users are empowered to fully utilise the immense utility of the DOEX token.
Uses of DOEX Token
- Ability to cast votes and participate in the governance of the platform
- Incentivization of platform members
- Payment of fees such as Swap fees and slippage fees
- Participation in Liquidity Pool
- Payment of reward to Liquidity Providers
After an enormously successful initial funding round, DOEX is planning a substantial expansion in the near future and is seeking strategic partnerships with key institutional stakeholders, established blockchain projects to facilitate mass adoption, and looking for long-term investors.
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For a limited time, Do.Exchange welcomes inquiries from institutional investors who wish to take part in the initial private sale. For a chance to participate in the private sale, please contact [email protected]
Public Sale on KICK.IO
The DOEX public sale on the KICK.IO Launchpad is scheduled to begin on December 6, 12:00 pm, GMT+02:00. From preliminary projections, it is anticipated to be widely oversubscribed.
Available Supply: 23,800,000 DOEX (17% of Total Supply)
Price: $0.11 USD
About KICK.IO
KICK.IO is a Cardano-based fundraising platform and project accelerator, designed to provide transparent, efficient, and fully decentralized crowdfunding services. KICK.IO is set to mature into a cornerstone of the new Cardano-dominated DeFi landscape, becoming the place where Cardano’s extensive community can come together to fund projects characterised by the immense potential for future success.
Our next-generation decentralized launchpad will be built according to the best DeFi industry practices, ensuring real-time settlement, top-notch security, interoperability, true decentralization, zero counterparty risk, while also being fully scalable to meet the needs of institutional investors. Unlike our competitors, we offer full support of Cardano native tokens and a suite of advanced DeFi tools that upcoming projects need to thrive and prosper.
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DOEX Network Set to Become Cardano’s First DEX- DOEX aims to become the first Blockchain-based DEX.
- Cardano keeps developing its platform overtime.
Cardano (ADA) is one of the digital assets in the crypto space that never stops developing its network. As a result, the crypto is now considered one of the solid networks in the crypto world. Currently, DOEX, a platform that enables users to keep control of their assets, is now developing its system to become the first Cardano Blockchain-based DEX. In addition, the DOEX DEX, based on its road map, is scheduled to launch by the end of the year.
DOEX team further explained:
Our vision is to become the first Cardano-based DEX,ensuring interoperability across chains and allow for the seamless swap of tokens both on the Cardano blockchain and other ones like 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.
Furthermore, decentralized exchange (DEX) allows trustless parties to carry out financial transactions with the use of smart contracts. With this, users can be sure that all transactions are safe and decentralized. What’s more, participants that provide liquidity to perform various operations on DEX are rewarded in return.
On the other hand, Cardano is still on its way to running along with the biggest networks in terms of blockchain DEX wallet activity. Based on DappRadar data, the clear winner is Ethereum with 3447, TRON with 1665, and with more than 750. Also, Ethereum is the dominant protocol, holding 64% of the total daily active unique wallet activity, with daily active unique wallets growing 48% from 2019 to 2020.
However, Cardano remains to be a very active crypto network in terms of platform enhancements. Through this, we can say that ADA can catch up with these networks sooner than expected.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Although it is one of the top-performing blockchain networks, Cardano is yet to have a native Decentralized Exchange (DEX) like those found in other blockchain networks. Currently, there exists no exchange list for tokens of projects that are based on the Cardano blockchain. This will soon become a thing of the past, now that the team at DOEX is making some serious headway into the development of their project. DOEX is set to be the first Cardano Blockchain-based DEX, and according to its roadmap, the DOEX DEX is scheduled to launch by the end of the year.
What is a DEX?
A Decentralized Exchange or DEX (DEX) is a blockchain-based application that is accessible through a series of smart contracts and is designed to facilitate financial services that are traditionally carried by a central entity in a decentralized manner.
With a DEX, trustless parties can carry out financial transactions by relying only on the self-enforcing ability of smart contracts. Apart from decentralizing access to financial services, it also ensures that profits from the financial services are decentralized. Participants that provide liquidity to facilitate exchange, swap, and other types of operations on decentralized exchanges are rewarded with a small,serving as a means of passive income generation for individuals.
On its website, DOEX clearly states its vision to be the first Cardano-based DEX:
“Our vision is to become the first Cardano-based DEX,ensuring interoperability across chains and allow 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.”
However, despite the scalability and functionality of the Cardano blockchain, it is far behind the top three blockchains when it comes to DEX daily wallet activity. According to the most recent DappRadar data, the clear winner is Ethereum with 3447, TRON with 1665, and EOS with more than 750, as seen in the graphic below:
While Cardano may have superior technology, pent-up demand, and visionary leadership, it has a lot of ground to make up to even come close to catching up. As with so much in crypto, we’ll have to wait and see.
On the Flipside:
- Ethereum continues to be a juggernaut regarding DeFi, NFTs, and DEXs.
- The most recent DappRadar data shows that DEX Ethereum is the dominant protocol, holding 64% of the total daily active unique wallet activity.
- Daily active unique wallets on Ethereum grew 48% from 2019 to 2020 – it will be a challenge for any competitor to overtake Ethereum – not impossible but not a certainty.
Why You Should Care:
Interest in DeFi continues to grow as DeFi Pulse shows that nearly USD 95.4 billion is locked on various DeFi protocols. Once this bull cycle winds down, expect to see profits flood into DeFi as a safe harbor to help “bear” the inevitable bear market. Given that expected growth, there’s likely to be plenty of room for an array of DEXs and blockchains.
DOEX is changing decentralised exchange on Cardano. Visit the website to find out more, or Email the team at [email protected]