# DEXChange (๐Ÿ’™,๐Ÿงก) By [DEXChange](https://paragraph.com/@dexchange) ยท 2023-04-04 --- What is DEXChange? ------------------ Welcome to **DEXChange**, a decentralized exchange that is committed to providing a secure and transparent trading experience for our users. Our platform is designed with a **unique** focus on attracting early projects for liquidity provision, enabled by our innovative integrated **liquidity locker**. We understand the importance of security and safety when it comes to investing in the cryptocurrency market. To address this concern, we offer a locking period of 30 days, 90 days, or 1 year for liquidity providers, including **early projects** and **meme coins**. By locking liquidity for a set time period, we ensure that liquidity pools are more stable and secure, mitigating the risk of liquidity drain by bad actors. It's important to note that while our **liquidity locker** provides an additional layer of security for our users, it does not prevent fraudulent activities by bad actors. We encourage all investors to conduct their own research and due diligence before investing in any project, and to remain vigilant in monitoring their investments. โ€” How does it work? ----------------- Our **DEX** utilizes the Uniswap v2 Factory and Router, and we have integrated a modified "**Liquidity Locker**" code that ensures the locking period cannot be bypassed. Once the chosen time period has elapsed, the creator of the pool can withdraw or drain the tokens in the pool as they wish. The locking period only applies to the creator of the pool, and users who wish to add to the pool are not required to lock their tokens for any set time period. This rule is in place to incentivize creators of liquidity pools to lock the initial liquidity and keep it tradable, ensuring stability and security in the pool over time. โ€” Private Sale of DEXChange ------------------------- To kick off the development of **DEXChange**, our team, which consists of **Mut**, **Ozzy**, and **Moonbags**, initiated a private sale to raise approximately **$31,250 USD** for development and liquidity purposes. This private sale accounted for roughly **12.5%** of the total supply of **100,000,000 $DEX** tokens. We approached **25** individuals to participate in the private sale, and we're pleased to report that all 25 investors agreed to contribute a maximum of **$1,250 USD** each. The private sale is nearly complete, and we're grateful for the support and enthusiasm of our early investors. Moving forward, we're excited to continue the development of **DEXChange** and to bring our vision for a secure and transparent decentralized exchange to life. โ€” Dutch Auction ------------- Our next step at **DEXChange** is to conduct a public Dutch auction, which will be facilitated through **FjordFoundry's** **LBP** (liquidity bootstrapping pool). During the auction, we plan to release **15%** of the total supply of **DEX** tokens, which amounts to **15,000,000** tokens in total. The ETH liquidity for the auction has yet to be determined, but we'll be announcing this information beforehand on our Discord channel to ensure transparency and fairness for all participants. The auction is expected to last approximately **3 days**, after which we'll allocate the liquidity partially to **Uniswap** and our own **DEX**. In line with our commitment to liquidity stability and security, we'll be locking the liquidity for 1 year on our **DEX**. Once the Dutch auction is complete, we'll be launching our **DEX** to the public, providing a secure and transparent decentralized exchange for our users. โ€” Tokenomics ---------- The Tokenomics of **$DEX** (**DEXChange**) are displayed on this image below: ![The Tokenomics of DEXChange](https://storage.googleapis.com/papyrus_images/0da06465e48239f60750211aa017000c8cecd752311cdd583fdda4656bd44199.png) The Tokenomics of DEXChange **The Team** (1 Month Cliff - Vesting over 1 year) Team tokens will be distributed to the team and advisors in pre-determined ratio. These tokens will be reward for the hard work put into building **DEXchange**. Potentially they can be used down the line for further development of the protocol including **expansion**. These tokens will be locked for 30 days following the launch event. After 30 days, around ~8.33% of the 10 Million designated tokens will be unlocked and distributed to the team. This will continue every 30 days until it is exhausted. โ€” **Private Sale** (100% generated on Launch) Prior to the public sale, we'll be holding a private sale of **DEX** tokens. These tokens will be distributed in their entirety at the launch event and will be free to be traded as **desired** by investors. The proceeds from the private sale will be used to fund various critical aspects of our platform, including liquidity provision for the main **DEX** token, liquidity for important trading pairs, buybacks, marketing efforts, securing partnerships, community building events, maintenance costs, and other associated expenses. โ€” **Public** (100% generated on Launch) Our public sale will be conducted through **Fjord Foundry's Liquidity Bootstrapping Pool**, with any unsold tokens being burned after the event. Following the pool, tokens will be distributed to participants and will be freely tradable. As with our private sale, proceeds from the public sale will be used to support **critical aspects** of our platform. โ€” **Ecosystem** (50% generated at launch - then 1 month cliff vesting over 1 year) As part of our **commitment** to fostering a vibrant and sustainable cryptocurrency community, we'll be generating ecosystem tokens at 50% of the total supply of 30 million tokens on the first day of launch. The remaining tokens will be unlocked 30 days after the launch event, with approximately 8.33% of the designated 30 million tokens being unlocked every 30 days thereafter until all tokens are distributed. Our **ecosystem** tokens will be primarily used to support liquidity provision, token burns, community-related events such as airdrops, securing **partnerships**, and other activities that require the distribution of tokens. By leveraging our ecosystem tokens in strategic and innovative ways, we believe we can help support the **growth** and **development** of the broader cryptocurrency ecosystem and ensure the long-term success of **DEXChange**. โ€” **Incentives** (10% generated at launch - then emissions over 4 years based on a curve schedule) โ€” The Future and what is next to come ----------------------------------- We're always looking to the **future** and planning for the next phase of our development. As we continue to **grow** and **expand** our platform, we have several exciting initiatives in the works. One key area of focus for us is partnering with **NFT** projects to potentially offer **airdrops** to our active users. We're also committed to expanding our Discord community and engaging with our users on a deeper level to ensure that their needs and preferences are fully taken into account as we continue to **build** out our platform. In addition, we're exploring ways to connect with **early supporters** and investors to support **further** development and launch or expansion of the broader **DEXChange** ecosystem. This includes plans to launch meme coins on the Ethereum network, as well as potential expansion to other networks such as **Conflux** (**CFX**). We're closely monitoring regulatory developments in key markets to ensure that we're well-positioned to take advantage of new opportunities as they arise (**Hong Kong Summer: Cryptocurrency Trading Easing**). We're also building a way for projects to conveniently lock their tokens on **DEXChange** according to their tokenomics for **transparency** and security purposes. This feature will allow projects to more easily comply with their token lock-up requirements, which is an important **consideration** for many investors and stakeholders. โ€” Launch ------ The Team is excited to announce that the launch of **DEXChange** is scheduled for \*\***_Sunday, April 30th!\*\*_** We can't wait to introduce our innovative new platform to the cryptocurrency community and provide a seamless, secure trading experience for our users. To stay up-to-date on the latest news and developments, be sure to **follow** us on our social media channels, which will be **linked below**. We'd like to thank our followers and supporters for their continued **enthusiasm** and **encouragement** as we work to make **DEXChange** a leading player in the decentralized exchange space. Thank you for your support, and we look forward to seeing you at the launch event! โ€” **Discord**: [https://discord.gg/vMuBBpGn8H](https://discord.gg/vMuBBpGn8H) **Telegram**: [https://t.me/dexchange\_fi](https://t.me/dexchange_fi) **Docs**: [https://docs.dexchange.fi](https://docs.dexchange.fi) **Twitter**: [https://twitter.com/dex\_change](https://twitter.com/dex_change) --- *Originally published on [DEXChange](https://paragraph.com/@dexchange/dexchange)*