DEeriX Upcoming IDO Launch

New Cryptocurrency, Crypto Startups, IDO, IFO

Published on: 20.03.2023

DEeriX will launch its Upcoming IDO (Initial Dex Offering) Launch on its own platform.

Project Overview

Decentralized trading has been gaining momentum in recent years, and for good reason. With the increasing popularity of cryptocurrencies, it’s become clear that traditional financial institutions can no longer keep up with the fast-paced world of digital assets.

Despite countless options that offer unique features and functionalities, DEeriX is still standing out as the first Decentralized Perpetual DEX on Core Chain, offering investors, stakers, and liquidity providers an exceptional experience in the Crypto World.

Why DEeriX

Leveraging cutting-edge technology, DEeriX inherits the advantages and overcomes the limitations of traditional DEX with:

Relatively high & stable liquidity
An easy-to-use interface
Transparency
Anonymity
Non-custodial
Multi-layer security protocol
Diverse profit opportunities

Functionalities

One of the reasons why DEXs have lost ground in the eyes of users is their limited functionality, which leaves users with little options for optimizing their digital assets. DEeriX seeks to diversity the user experience from the beginning of the project by several advanced functions such as:

Leveraged Trading

DEeriX provides traders with a complete set of DeFi tools for both spot trading and long/short. In addition to the advantages of cost savings, no slippage, and no funding rate, DEerix provides derivatives with 50x leverage over their collateral by lending from a huge pool of liquidity.

Staking

Holders of $DRX (DEeriX governance’s token) and DLP (for Liquidity Provider) may earn a lot of profit by staking on DEeriX’s platform. Staking $DRX provides users with three types of rewards over time:

Escrowed DRX (esDRX) — has the same value as $DRX, vested after 1 year.
Multiplier Points — play as an element to boost staking rewards.
Shared fees — 30% of system fees are paid to staked DRX and esDRX.

→ Explore more at https://gitbook.deerix.io/exchange/staking-system

Referral Program

The referral program encourages users to promote DEeriX in exchange for rewards that benefit both the referrer and the referred. Limitless fee discounts and rebates will be distributed once the referral is successfully set up.

→ https://gitbook.deerix.io/exchange/referral-system

Borrowing & Lending (In R&D)

Traders are allowed to increase their position’s size by borrowing the assets they need from the liquidity pool and at the same time, encourages others to provide liquidity through lending in exchange for daily incentives.

Real Yield (In R&D)

The feature incentivizes users to join the platform as they can earn revenue-based tangible return on their assets.

$DRX Tokenomics

The $DRX IDO will be kicking off on March 20, 2023 and will be sold in 2 rounds: Whitelist Round and Public Round. Here are the initial details: