DEXToken First Public Beta Announcement

Building a new DeFi Ecosystem

Singapore / DEXToken Protocol is launching its first public beta round DEX on December 23rd.

Decentralized exchanges (DEXs) have been around for quite a few years, with first-generation decentralized exchanges like the NXT Asset exchange launching as early as May 2014. However, for quite some time decentralized exchanges failed to capture the interest of the cryptocurrency audience. Even the second and third-generation DEXs like IDEX, Kyber and Uniswap failed to attract large amounts of volume up to late 2019. With the rise of decentralized finance (DeFi) applications and the reluctance and regulatory restrictions of centralized exchanges (CEXs), decentralized exchanges finally started to pick up momentum and attracted more and more users at a tremendous pace.

A key driver of this momentum has been the Uniswap DEX, which to this day is the most popular DEX in the DeFi space. Nonetheless, despite years of innovation, modern decentralised exchanges are still lacking efficient trade execution. With the advanced technology of the “DEXG Swap” exchange, Flowchain proposes a solution to the existing issues of the existing third-generation decentralised exchanges and presents the beta of our exchange platform today.

The DEXG Swap public beta

The DEXG Swap exchange has been built on top of our brand-new speculative AMM (sAMM) volatility pricing system and comprises a liquidity pool management and swap exchange interface. Both the sAMM and the exchange platform have been proposed and completely self-developed by the Flowchain Foundation.

Overview of the DEXG Exchange ecosystem

The public Beta will originally be available to developers and white hat hackers to review our smart contracts and discover potential security vulnerabilities. Nevertheless, crypto users can also have early access to the public beta of our brand-new DEX.

The DEXG Swap public beta primarily aims towards developers and white hat hackers to review our smart contracts and discover potential security vulnerabilities and bugs. Nevertheless, the beta will be available on the Ropsten testnet to all users, who are interested in our innovative and brand-new decentralised exchange.

“The DEXG Exchange has been fully self-developed; we take the security of smart contracts as the most important development issue.” — Jollen Chen, CEO DEXG and Flowchain Foundation.

The public beta aims to build a robust DEX framework with viable functions. We will constantly improve DEXG Swap during the public beta period with the gathered feedback and issues reported. To ensure a smooth test coverage, we start to activate a set of vital functions at the initial launch of the beta and will keep adding functionalities to the platform if the initial tests went well.

You can access the DEXG Swap public beta using the following URL:

For testing purposes, we are also releasing the open-source code of the involved smart contracts for developers:

Contents of the initial public beta release:

  • Liquidity pool management (Add/Remove liquidity, Buy/Sell DEXG tokens)
  • Swap exchange
  • api.dextoken.io beta (a REST API server to aggregate and serve on-chain data)

NOT included in the initial public beta release:

  • No price slippage settings: The price slippage is set to 0% thus please note the higher transaction failure rate.
  • No fee mint: The transaction fee is set to 0% as well.

Ropsten Contract Deployments:

  • DEXG Pool Factory: 0xa54a1e5ce41b021B9E2886777b46bCc0357Fdd50
  • DEXG Swap: 0x67dB1Ba43f93f615D8Fb8921400e49D6e483d433

Feedback and issues

To share your feedback with us, or to report bugs, issues and vulnerabilities please utilise Telegram to message our feedback collector accounts:

After submitting feedback or an issue we may contact you via these accounts for additional details. We are excited to hear your feedback and thank you for the participation in the public beta!

Final words

Inspiring times are ahead for our team, where we will finally reveal our sAMM technology to the DeFi world. Nonetheless, the DEXG team will continue to work around the clock on all aspects of our project to ensure the marketing exposure and successful deployment of the DEXG Swap exchange on the Ethereum mainnet.

Currently, we expect the mainnet deployment in mid-Q1 2021. If you are interested in the functionalities of DEXG Swap and excited about the work we have done, please access the public beta and join our official Telegram group to stay up-to-date!

© DEXG Team

Resources

DISCLAIMER:

DEXG tokens are not intended to constitute securities in any jurisdiction. The white paper does not constitute a prospectus or offer document of any sort and is not intended to constitute an offer of securities or a solicitation for investments in securities in any jurisdiction.

The Flowchain Foundation Limited disclaims any and all responsibility and liability to any person for any loss or damage whatsoever arising directly or indirectly from (1) reliance on any information contained in this white paper, (2) any error, omission or inaccuracy in any such information, or (3) any action resulting therefrom.

The value of DEXG tokens is currently very volatile. Flowchain Foundation (“Company”) does not have any means of stabilizing the token value, please buy at your own risk. Unlike bank accounts or accounts at some other financial institutions, DEXG are uninsured unless you specifically obtain private insurance to insure them. Thus, in the event of loss or loss of utility value, there is no public insurer or private insurance arranged by Company, to offer recourse to you. Because DEXG are based on the Ethereum protocol, any malfunction, breakdown or abandonment of the Ethereum protocol may have a material adverse effect on the platform or DEXG. Moreover, advances in cryptography, or technical advances such as the development of quantum computing, could present risks to the DEXG and the platform, including the utility of the DEXG for obtaining services, by rendering ineffective the cryptographic consensus mechanism that underpins the Ethereum protocol.

Dextoken is a DeFi infrastructure with a proposed Speculative AMM and is managed by the DEXG community —https://dextoken.io/

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