Cardano-based DEX Do.Exchange (DOEX) To Hold a Public Sale on KICK.IO
- Do.Exchange (DOEX) picks KICK.IO Launchpad for its public sale.
- The public sale is scheduled to begin on December 6, GMT+02:00.
- DOEX plans to expand in the near future and is seeking strategic partnerships.
Cardano is the future of blockchain, pioneering the development of inclusive and sustainable economic growth in the cryptocurrency space. With this in mind, Cardano-exclusive decentralized exchanges (DEXs) are crucial for the future of decentralized finance (DeFi).
With Cardano kicking off big time, we’ve learned today that a Cardano-based DEX with an Automatic Market-Making protocol, Do.Exchange (DOEX) has just chosen the promosing KICK.IO launchpad for its public sale. On December 6, 12:00 p.m., GMT+02:00, the DOEX public auction on the KICK.IO Launchpad will commence, and interested parties will have a chance to grab a piece of the cake in the Cardano DEX’s bright future.
Specifically, DOEX will promote trustless and efficient financial transactions between market players and offer much-needed liquidity inside the Cardano ecosystem by utilizing self-enforcing smart contracts. DOEX is expected to be a prominent player in the burgeoning ecosystem, benefitting from a significant early-mover advantage in the blockchain of the future for DeFi.
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.
DOEX’s purpose, unlike most DEXs, is to create a truly decentralized, community-driven system in which all token holders have voting rights, may influence platform developments, and users can fully utilize the DOEX token’s huge potential.
DOEX Tokens Are Used for the Following Purposes:
- Voting and participation in platform governance.
- Incentivization of platform users.
- Payment of fees such as Swap and Slippage fees.
- Participation in the Liquidity Pool.
- Payment of rewards to Liquidity Providers.
The choice of KICK.IO was easy for the Do.Exchange team – as a Cardano-based fundraising platform and project accelerator that aims to provide fully decentralized, transparent, and efficient crowdfunding services, KICK.IO is poised to become a cornerstone of the new Cardano-dominated DeFi environment, serving as a gathering point for Cardano’s large community to support projects with enormous potential for future success.
Alongside its partnership with KICK.IO, DOEX is anticipating a significant expansion in the near future, and is seeking strategic alliances with important institutional players, established blockchain initiatives to assist mainstream adoption, and long-term investors, following an incredibly successful initial investment round. For a short time, KICK.IO are offering opportunities for institutional investors to get involved in the token sale, by reaching out via the website.
The public sale on KICK.IO is expected to be heavily oversubscribed, based on preliminary forecasts via the initial private sale rounds. Most importantly, 17% of DOEX Total Supply, representing 23,800,000 DOEX will be available for public sale and will sell for $0.11 US Dollars per unit. With the sale looming and the market booming, this is one we’ll be keeping our eye on in the coming weeks.