IndoDEX Initial Decentralized Offering (IDO) on Genesis Pool

Continuing the non-stop chain of IDO’s, Genesis Pool will launch IndoDEX, immediately after a fourth successful raise with Infomatix.

All IDO’s launched on the Genesis Pool launchpad are doing incredibly well, giving the GPool OG community hundreds of percentages of profits on their investments. The community has shown great support thus far for back-to-back (to-back-to-back) IDO’s, and it’s clear to see why!

IndoDEX

The Indonesian crypto community as a whole operates entirely in the centralized hands of Indodaxa leading CEX in the regional market, with $125,000,000 in volume on over 70 trading pairs.

The Indonesian cryptocurrency market is experiencing momentous growth, and with it, calls for a decentralized version of the most popular exchange in the country are becoming more common. IndoDEX aims to compete with its centralized counterpart, matching their most prominent features, the ease of use, interface, and cheap transaction fees among others.

The new Indonesian DEX offers low trading fees by operating on the Binance Smart Chain, a simple to use and efficient interface, and perhaps most importantly, they integrate the core values of decentralization to the local crypto market. Safe funds, no middleman, and a unique staking system differentiate Indodex from its competitors. IndoDEX will quickly disrupt the current crypto exchange monopoly in Indonesia.

In their own words:

“Users are incentivized to pool liquidity on IndoDEX through yield farming to earn the native currency, $IDDX. Additionally, users can use their earned $IDDX to stake and earn other tokens and unlock exclusive features. We have a dedicated team with years of experience who are committed to the DeFi community and ready to revolutionize the Indonesian market.”

IndoDEX IDO tokenomics and timeline

IndoDEX will allocate its public round of funding to Genesis Pool.

Tokenomics

Public 35%: 94,500,000 @ $0,0063 fully diluted

Liquidity Provision 20%: 54,000,000

Team 5%: 13,500,000 will be locked for 4 months

Advisors 5%: 13,500,000 locked for 4 months

Treasury 10%: 27,000,000

Marketing & Rewards 25%: 67,500,000

Open market price: at $0,009

Sale Details

  • Target Raise: $600,000
  • Price per token: $0,00635
  • Allocation amount: $500-$1000
  • Allocation Type: Public Round
  • Vesting Periods: 3 months — 33.3% each month for 3 months

Timeline

8th November 11:00 AM UTC: Internal AMA (AMA in the GPool Telegram group with the Indodex team)

9th November 12:00 AM UTC: Whitelist opens

10th November 06:00 AM UTC: Whitelist closes

11th November 12:00 AM UTC: Round 1 starts

12th November 06:00 AM UTC: Round 1 ends

12th November 06:00 AM UTC: Whitelist for round 2 begins

14th November 06:00 AM UTC: Whitelist for round 2 ends

15th November 12:00 AM UTC: Round 2 starts

16th November 06:00 AM UTC: Round 2 ends

Whitelisting will take place through the Genesis Pool website and further details will be released on how to participate.

📰 INFO 

https://medium.gpool.app/genesis-pool-to-launch-its-5th-ido-indodex-bdd780d0f495

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