Multi-Chain P2P OTC Trading Platform Dexpools Announces IDO — Dexpools
After spending much of 2021 under stealth mode, Dexpools has revealed both its peer-to-peer DeFi OTC trading platform and the launch date of its IDO (partnered with Solarbeam.io launchpad Eclipse) on December 14th, 2021. The multi-chain platform will support trustless peer-to-peer transactions on the Ethereum, Avalanche, and Moonriver chains, with Polygon support expected in January of 2022 and cross-chain swapping functionality scheduled for Q2 of 2022.
Led by a product development and advisory team composed of industry veterans and executives from Bitcoin.com, RelayChain, Portal, and other leading firms, Dexpools aims to create a robust ecosystem to support secure, slippage-free P2P swapping for traders on and across any chain.
Partnerships with decentralized exchanges, launchpads, and IDO teams / participants will enable a rich environment of traders, referral partners, and other collaborators, with the key goal of preventing value loss from slippage, providing new token launch teams with off-market options, and offering traders with an open, dynamic marketplace of token pairs to easily find offers and swap.
Key features include:
- Offer marketplace allowing swappers to view, filter, and trade across thousands of token pairs
- Private trading directly between wallets
- Pools — ability to send swap offers to wallets holding any supported token
- Chat / negotiation functionality for traders (privacy settings enabled by default)
- Integration for wallets including Metamask, Coinbase Wallet, Wallet Connect, Portis, and Fortmatic
The Dexpools IDO will provide participants with $DXP — a utility / governance token with ‘auto-distribution’ of all fees generated from the platform to $DXP owners. As part of the initial offering, a private sale will be open to qualified individuals and community members that swap on the platform between the application launch date of 11/24 and 12/13. In addition, airdrops of $DXP will also be rewarded to wallets that swap over $1,000 USD of transactions (both maker and taker) up until the IDO launch.
To see additional details on the Dexpools IDO with our partner Solarbeam, visit Dexpools IDO on Solarbeam
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DEXPOOLS is a decentralized, peer to peer (P2P) OTC DeFi platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or any trusted third party in the process.
Both buyers and sellers can set up swaps with literally zero slippage or impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties vs the high slippage seen on most DEXs which can at times exceed 20–30%.
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Originally published at https://dexpools.com.