Cardano-based DEX and AMM DOEX launches public sale on Kick.io

By: Daniela Kirova
Daniela Kirova
Daniela was born in Bulgaria, grew up in Chicago, and then moved to Michigan to attend the University of… read more.
on Dec 3, 2021
  • Cardano-exclusive DEXs are crucial for the future of decentralized finance
  • DOEX aims to create a truly decentralized, community-driven protocol
  • DOEX token will give users the ability to vote and take part in platform governance

Do.Exchange (DOEX), a Cardano-based DEX with an AMM protocol, chose the launchpad KICK.IO for its public sale. The DEX will enable efficient and trustless transactions between market participants by using self-enforcing smart contracts, providing the much-needed liquidity within the Cardano (ADA/USD) ecosystem.

Cardano: the blockchain of the future?

There’s no doubt for DOEX that Cardano is the blockchain of the future according to their press release, reported by CoinFi. Irrespective of this fact, they feel it is necessary to create infrastructure around this blockchain to make this future a reality. According to the DEX, Cardano-exclusive DEXs are crucial for the future of decentralized finance for this reason.

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The DOEX Team commented the project as follows:

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 to create decentralized, community-driven protocol

DOEX is different from most DEXs in that it aims to create a truly decentralized, community-driven protocol, giving all token holders voting rights and empowering users to take full advantage of the capacity of the DOEX token. What’s more, users will be able to guide the platform changes.

Uses of the versatile DOEX token

The DOEX token will give users the ability to vote and take part in platform governance and incentivize them to pay swap fees, slippage fees, and other fees. They will also take part in a liquidity pool and pay rewards to liquidity providers.

DOEX underwent a wildly successful funding round

Following a hugely successful initial funding round, the Cardano-based DEX is planning a major expansion in the near future. It is aiming to reach strategic partnerships with leading institutional stakeholders and looking for long-term investors. It is also interested in established blockchain projects to facilitate mass adoption.

About KICK.IO

KICK.IO is a Cardano-based fundraising platform and project accelerator, designed to provide transparent, efficient, and fully decentralized crowdfunding services. KICK.IO is set to mature into a cornerstone of the new Cardano-dominated DeFi landscape, becoming the place where Cardano’s extensive community can come together to fund projects characterised by the immense potential for future success.

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