Cryptomustar
Sunday, January 29, 2023
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
No Result
View All Result
Cryptomustar
No Result
View All Result
Home Press Release

Flowchain Set to Launch DEXG ‘LUNA’ Staking Round

by Press Release
October 23, 2020
in Press Release
0
Flowchain Set to Launch DEXG ‘LUNA’ Staking Round
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter

The DEXToken Protocol continues on schedule towards its December 2020 public Beta release date. This unique decentralized platform plays a vital role in the Flowchain ecosystem. Specifically, the DEXToken Protocol builds a decentralised exchange platform featuring an unique AMM and effectively connecting Flowchain IoT ecosystems to decentralized finance. 

Staking is a Feature Users Require 

Staking is a blockchain-related process that involves a user locking their cryptocurrency in a smart contract for an agreed amount of time. Stakers receive rewards for their services. There are various reasons to stake cryptocurrencies.

RELATED POSTS

January 2023 Mosdex Updates – Crypto Arbitrage Platform Announces Various Developments To Fuel Growth

Revolutionize Your Trading Strategy with NeuralNet bot: The AI-Powered Trading Bot

8-Rounds to Stake

In the DEXToken protocol, staking is how the firm increases liquidity. DEXToken does away with initial coin offerings and instead introduces DEXG staking. The firm plans to host eight staking rounds in total. The next round, named LUNA, is set to begin on October 23, 2020. Users that participate in the event receive a respectable reward of 5,250 DEXG. 

LUNA Staking Round

The staking period for this staking event is October 23 – 30, 2020. DEXTokens AMM calculates the staking rewards for each round and mints new DEXG tokens at the start of the round. These rewards are what introduces more DEXG into the market. This approach allows DEXToken to enjoy a very predictable supply. It also allows investors to earn a substantial amount of DEXG in the form of staking rewards. 

BPT LP Token 

To participate in the event, you need to add DEXG to the Balancer shared pool. Once your funds are sent, you will receive a receipt in the form of an equivalent value of BPT LP tokens. These tokens are permanent records of your investment.

Private Alpha Release

According to company executives, DEXToken will unveil the DEX private alpha in the coming weeks in November. This release will allow a select few to experience the DEXToken protocol first hand. 

It will also allow developers to ensure that everything functions perfectly for the public beta release scheduled a month later. The team will monitor where delays occur and make corrections to streamline the platform moving forward

A Superior Platform

The DEXToken Swap Exchange provides investors with a superior UX when compared to its predecessors. The upgraded protocol allows new users to research and execute top quality trades directly from the interface.  Also, investors experience less slippage using this decentralized system.

DEXToken eliminates one of the DeFi communities’ biggest flaws. Since most DEXs don’t utilize an order book, they need some way to ensure their offerings are in line with the overall market sentiment. In the past, Oracles served very important roles. Oracles are off-chain sensors that can monitor real-world data. 

What’s an Oracle?

Oracles can send and receive this data to the network nodes. In this way, they help bridge the network limitations of blockchains and allow developers to dream up even more impressive Dapps. Despite these advantages, oracles have one flaw that may prove to be too much for the market to bear, they are centralized.

Centralization Woes

It’s not wise to have any centralized systems entering data into the blockchain. When the wrong information is sent to the blockchain, it may be impossible to delete it. Faulty oracles can make a blockchain’s data unusable. Consequently, more platforms than ever want a smart alternative to the status quo.  

AMM

The AMM (speculative’ Automated Market Maker) is an alternative to price monitoring oracles in the market. This protocol takes into account the pool liquidity levels to provide a reliable and secure method to determine the actual value of tokens within the ecosystem. 

DEXG Token

The DEXG is the governance token in the ecosystem. It’s the token that users hold to participate in voting. The token plays an essential role in providing liquidity for the swap exchange as well.

DEXToken Beta Launch Approaching

As DEXToken’s Beta launch nears, the firm has already kicked up its marketing. The project has a lot of attention at this moment. You can expect DEXToken to see more adoption as the LUNA staking round is only days away.

ShareTweetShare

Related Posts

January 2023 Mosdex Updates – Crypto Arbitrage Platform Announces Various Developments To Fuel Growth

January 2023 Mosdex Updates – Crypto Arbitrage Platform Announces Various Developments To Fuel Growth

by Press Release
January 27, 2023
0

Mosdex has been working hard to release multiple improvements to help users generate greater profits on this crypto arbitrage platform....

Revolutionize Your Trading Strategy with NeuralNet bot: The AI-Powered Trading Bot

Revolutionize Your Trading Strategy with NeuralNet bot: The AI-Powered Trading Bot

by Press Release
January 27, 2023
0

Introducing a revolutionary deep machine learning system for automated trading that utilizes the power of unstructured data to make highly...

GLOBIANCE and COMTECH GOLD (Dubai) to offer GOLD and SILVER BACKED TOKENS

GLOBIANCE and COMTECH GOLD (Dubai) to offer GOLD and SILVER BACKED TOKENS

by Press Release
January 26, 2023
0

Globiance CEO - OLIVER MARCO LA ROSA and NAVIN D’SOUSA - Comtech Gold CEO are pleased to announce they have...

GDCC Team Explain Their Tokenomics Before LBank Listing

GDCC Team Explain Their Tokenomics Before LBank Listing

by Press Release
January 26, 2023
0

The team detailed the GDCC tokenomics to allow users to understand and appreciate its value. The listing will allow the...

GDCC Team Explain Their Tokenomics Ahead of LBank Listing

GDCC Team Explain Their Tokenomics Ahead of LBank Listing

by Press Release
January 26, 2023
0

The team detailed the GDCC tokenomics to allow users to understand and appreciate its value. In addition, the listing will...

POPULAR NEWS

HyperEarn Officially Opens Its Token IDO

HyperEarn Officially Opens Its Token IDO

May 24, 2022

Voyage in Paradise announces Plastik Funk as its official partner and NFT Art sneak peek

June 11, 2022
EverCash is Taking BUSD Rewards to the Next Level

EverCash is Taking BUSD Rewards to the Next Level

March 17, 2022
Bitcoin futures ETF is available for trading on NYSE Arca, see how ZT shines in the ETF market

Bitcoin futures ETF is available for trading on NYSE Arca, see how ZT shines in the ETF market

October 25, 2021
BitMart Innovates with Exclusive “Vote to Earn” NFT

BitMart Innovates with Exclusive “Vote to Earn” NFT

September 21, 2022

EDITOR'S PICK

Canada bars exchanges from margin, leverage trading; says stablecoins might be securities

Canada bars exchanges from margin, leverage trading; says stablecoins might be securities

December 13, 2022
Magic Eden Issue Leads to Fake NFT Listings

Polygon Paid Top Solana Projects Y00ts and DeGods $3M to Migrate Chains

January 6, 2023
The CoinDesk Computing Index (CPU)

The CoinDesk Computing Index (CPU)

December 20, 2022
3 Cryptos That May Continue to Dump in 2023

3 Cryptos That May Continue to Dump in 2023

December 27, 2022

About

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Follow us

Categories

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Ethereum
  • Litecoin
  • Market
  • Press Release
  • Regulation

Recent Posts

  • Bitcoin surpasses $23.5k, approaches $24k
  • Bitcoin difficulty hits new ATH rising by 4.68%, further securing the network
  • Data Shows 50% Of Bitcoin Hashrate Controlled By Two Mining Pools
  • 26 exciting stats about the GameFi industry from 2022
  • About Us
  • Privacy Policy
  • Contact Us

© 2020 cryptomustar.com

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Ethereum
  • Litecoin
  • Cryptocurrency
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO

© 2020 cryptomustar.com

  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • yfBetayfBeta(YFBETA)$4.27-0.10%
  • IDLEIDLE(IDLE)$1.44-12.39%
  • WPP TokenWPP Token(WPP)$0.006826-3.49%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Werewolf CoinWerewolf Coin(WWC)$0.098082-2.58%
  • PolkaBridgePolkaBridge(PBR)$0.439784-6.92%
  • Dev ProtocolDev Protocol(DEV)$1.76-16.14%
  • EvidenZEvidenZ(BCDT)$0.122949-3.85%