Flend Research Group is a dedicated sub-department of Flend focused on providing comprehensive coverage of the financial market space.
Flend Research GroupMintable Tokens of DeFi: A Degen's Guide
If you've ever glanced at decentralized finance (DeFi) on platforms like Dexscreener, you might have noticed tokens flagged with the intriguing label "This token is mintable." But what does it mean to be "mintable," and how does this feature play into the high-stakes game of DeFi and degen trading? Let's look into this fascinating aspect of crypto trading. What Does "Mintable" Mean? In the simplest terms, a "mintable" token can be created or "minted" beyond its initial supply. This ...
Flend Research GroupPermissioned and Permissionless Blockchain
Permissionless blockchains, like Ethereum, Bitcoin, and Solana, are fascinating public networks that anyone can join, use, or validate without needing approval. These decentralized systems operate without a central authority, meaning no one has to fill out paperwork or prove their identity to participate. Let's look at it as a global ledger that is open to all, here every transaction can be traced and verified by anyone curious enough to dig into it. The beauty of this setup lies in its ...
Flend Research GroupUSDT,USDC and BUSD: SIMILARITIES AND DIFFERENCES
In one of our previous article we talked about stablecoins and how they have emerged as a bridge between the traditional financial world and the realm of digital assets. These stablecoins offer the stability of traditional fiat currencies while leveraging the speed and efficiency of blockchain technology. Three prominent stablecoins in this space are Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). While they all share the common goal of being pegged 1:1 to their respective fiat curren...
Flend Research GroupMintable Tokens of DeFi: A Degen's Guide
If you've ever glanced at decentralized finance (DeFi) on platforms like Dexscreener, you might have noticed tokens flagged with the intriguing label "This token is mintable." But what does it mean to be "mintable," and how does this feature play into the high-stakes game of DeFi and degen trading? Let's look into this fascinating aspect of crypto trading. What Does "Mintable" Mean? In the simplest terms, a "mintable" token can be created or "minted" beyond its initial supply. This ...
Flend Research GroupPermissioned and Permissionless Blockchain
Permissionless blockchains, like Ethereum, Bitcoin, and Solana, are fascinating public networks that anyone can join, use, or validate without needing approval. These decentralized systems operate without a central authority, meaning no one has to fill out paperwork or prove their identity to participate. Let's look at it as a global ledger that is open to all, here every transaction can be traced and verified by anyone curious enough to dig into it. The beauty of this setup lies in its ...
Flend Research GroupUSDT,USDC and BUSD: SIMILARITIES AND DIFFERENCES
In one of our previous article we talked about stablecoins and how they have emerged as a bridge between the traditional financial world and the realm of digital assets. These stablecoins offer the stability of traditional fiat currencies while leveraging the speed and efficiency of blockchain technology. Three prominent stablecoins in this space are Tether (USDT), USD Coin (USDC), and Binance USD (BUSD). While they all share the common goal of being pegged 1:1 to their respective fiat curren...
Flend Research Group is a dedicated sub-department of Flend focused on providing comprehensive coverage of the financial market space.
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The Testnet for @DX25Labs is now up and running! Over $100,000 worth of $DX25 tokens have been set aside as incentives for both the testnet participants and early users, bringing extra excitement ⚡️. Furthermore, there's a chance of an extra #airdrop. Check out the comprehensive guide thread below for more details.
● DX25 Project Info: DX25 functions as a decentralized exchange (dex) on the MultiversX blockchain, formerly known as Elrond. Key Features:
Concentrated Liquidity
Simplified Complexity
Multiple fee levels ranging from 0.01% to 1.28% 💎 MultiversX boasts a TPS (Transactions Per Second) of approximately 15,000, while transaction fees remain at a low cost of around $0.001.
● Token & Testnet Rewards: • $DX25 will serve as the native token within the ecosystem. • While the specific supply and initial circulation details are yet to be disclosed, here's an overview of the tokenomics👇
• To incentivize early adopters, a rewards program has been introduced. The program is divided into 2 categories, each receiving $50,000 worth of DX25 tokens:
➛ Early Bird Rewards (Available to the first 10,000 users)
➛ Builder Rewards (Based on XP collected)
• Testnet & Participation Guide.
To be eligible for Early Bird Rewards, please complete the form provided in this link: Google form
Experience the testnet and earn XP points through various activities:
Performing a Swap [100 XP]
Adding Liquidity [250 XP]
Closing a Position [100 XP]
Harvesting Rewards [100 XP]
Submitting Bug Reports [1000 XP] You can accumulate a maximum of 1000 XP per day by participating in these tasks.
Before we proceed complete the following steps:
Create a wallet at devnet-wallet.multiversx.com/create
Visit the faucet and request xEGLD tokens.
Connect to devnet.dx25.com/mint and select the web wallet option.
Click on "Connect with keystore," upload the JSON file, and enter the password.
Mint tokens such as USDT, USDC, WBTC, and WETH.
Now that you have your wallet set up and test tokens ready, let's begin the tasks:
Perform a Swap:
Go to the swap section.
Swap between different tokens.
Add Liquidity:
Go to the liquidity tab.
Add a new position.
Choose any two tokens and confirm liquidity. After adding liquidity, you can try closing positions and harvesting rewards.
• If you come across any bugs, report them at discord.com/invite/nPEvPss.
• In addition to the testnet activities, you have the opportunity to earn XP points by participating in their quest on zealy: zealy.io/c/dx25/questboard
Getting started in crypto? Jump in and create account with our partner bybit exchange to get started Click here . Create account and verify it
You can join our communities below for more updates:
Folllow us on Twitter
Join our Telegram Channel
Join our Whatsapp Community
The Testnet for @DX25Labs is now up and running! Over $100,000 worth of $DX25 tokens have been set aside as incentives for both the testnet participants and early users, bringing extra excitement ⚡️. Furthermore, there's a chance of an extra #airdrop. Check out the comprehensive guide thread below for more details.
● DX25 Project Info: DX25 functions as a decentralized exchange (dex) on the MultiversX blockchain, formerly known as Elrond. Key Features:
Concentrated Liquidity
Simplified Complexity
Multiple fee levels ranging from 0.01% to 1.28% 💎 MultiversX boasts a TPS (Transactions Per Second) of approximately 15,000, while transaction fees remain at a low cost of around $0.001.
● Token & Testnet Rewards: • $DX25 will serve as the native token within the ecosystem. • While the specific supply and initial circulation details are yet to be disclosed, here's an overview of the tokenomics👇
• To incentivize early adopters, a rewards program has been introduced. The program is divided into 2 categories, each receiving $50,000 worth of DX25 tokens:
➛ Early Bird Rewards (Available to the first 10,000 users)
➛ Builder Rewards (Based on XP collected)
• Testnet & Participation Guide.
To be eligible for Early Bird Rewards, please complete the form provided in this link: Google form
Experience the testnet and earn XP points through various activities:
Performing a Swap [100 XP]
Adding Liquidity [250 XP]
Closing a Position [100 XP]
Harvesting Rewards [100 XP]
Submitting Bug Reports [1000 XP] You can accumulate a maximum of 1000 XP per day by participating in these tasks.
Before we proceed complete the following steps:
Create a wallet at devnet-wallet.multiversx.com/create
Visit the faucet and request xEGLD tokens.
Connect to devnet.dx25.com/mint and select the web wallet option.
Click on "Connect with keystore," upload the JSON file, and enter the password.
Mint tokens such as USDT, USDC, WBTC, and WETH.
Now that you have your wallet set up and test tokens ready, let's begin the tasks:
Perform a Swap:
Go to the swap section.
Swap between different tokens.
Add Liquidity:
Go to the liquidity tab.
Add a new position.
Choose any two tokens and confirm liquidity. After adding liquidity, you can try closing positions and harvesting rewards.
• If you come across any bugs, report them at discord.com/invite/nPEvPss.
• In addition to the testnet activities, you have the opportunity to earn XP points by participating in their quest on zealy: zealy.io/c/dx25/questboard
Getting started in crypto? Jump in and create account with our partner bybit exchange to get started Click here . Create account and verify it
You can join our communities below for more updates:
Folllow us on Twitter
Join our Telegram Channel
Join our Whatsapp Community
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