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SatoshiDEX

22 Feb 2024 - 25 May 2024
Easy High Reward Hot Epic Limited Visit Website

SatoshiDEX operates as a decentralized exchange (DEX) on the Stacks blockchain, a layer-2 blockchain linked to Bitcoin via Proof-of-Transfer (PoX) consensus. Taking cues from Uniswap, SatoshiDEX enables peer-to-peer (P2P) trading of digital assets, boasting distinct benefits stemming from its integration with Stacks.

Up to date, SatoshiDEX has already raised $11,276,779 at a $250,4M valuation. 

CoinLaunch Score: Very High
Last update: 07 Nov 2023

SatoshiDEX - WAITLIST Overview

Ticker: SATX
Start Date: 22 Feb 2024
End Date: 22 Feb 2024
Country: +248
Whitelist: No
KYC: No
Bounty: No
MVP: Yes
Security Audit: Yes
Raise Fund: $11,276,799

SatoshiDEX - Review

SatoshiDEX's architecture is crafted to capitalize on the distinct advantages of the Stacks blockchain, facilitating decentralized finance (DeFi) functions directly on Bitcoin. These features delve into the key elements of SatoshiDEX's structure, encompassing its smart contracts, liquidity pools, and integration methods with Stacks and Bitcoin, ensuring a smooth and secure DeFi experience.

The main features of SatoshiDEX include:

  • Increased asset coverage: Effortless cross-chain exchanges between Bitcoin and various other assets.
  • Improved Security: SatoshiDEX utilizes the Layer 2 Stacks blockchain solutions to offer heightened security measures for traders and investors.
  • Scalable Infrastructure and Multi-Chain compatibility: Stacks' microblocks functionality enhances transaction speeds and supports healthy staking expansion across multiple chains.

SatoshiDEX’s token $SATX plays several vital roles within the ecosystem:

  • Governance: Holders of $SATX can participate in crucial platform decisions, shaping the direction and policies of SatoshiDEX through voting on proposals.
  • Liquidity Incentives: Users who contribute liquidity to the platform's pools receive rewards in $SATX tokens, encouraging the maintenance of healthy and robust liquidity pools essential for efficient trading.
  • Fee Benefits: Owning $SATX may lead to discounts on swap fees, motivating active engagement and long-term holding of the token within the SatoshiDEX ecosystem.
  • Exclusive Privileges: Possessing $SATX tokens could grant early access to new features or pools, providing holders with a first-mover advantage in yield farming or trading opportunities.
  • Staking Rewards: Staking $SATX not only bolsters the security and operational integrity of the platform but also rewards users with staking incentives, enhancing the token's usefulness and attractiveness.

 

SatoshiDEX’s Token Sale Pros:

  • Has two Security Audits;
  • Interesting product idea for leveraging Bitcoin;
  • Not bad Influencer Marketing Performance;
  • Moderate Social Media Performance;
  • Decent PR performance;
  • Good Growth marketing performance.
  • Initial Market Cap/Fully Diluted Valuation relatively low (10.5%).

SatoshiDEX’s Token Sale Cons:

  • Team is anonymous;
  • High FDV ($250.4M); 
  • High Initial Circulation Supply ($26.29M); 
  • High Monthly Token Inflation Rate (6.46%); 
  • No top tier funds as investors;
  • No reputable partners; 
  • Weak Marketing Infrastructure; 
  • Has no official blog. 

SatoshiDEX - Team

RoadMap