DEXToken Staking dApp Announcement

The first of our 8 staking rounds is just around the corner and we are getting ready for “IGNITION”. To this end we want to announce the official release of the staking dApp and give a rundown of the deposit and staking process. We have decided to expand the window in which the deposits to the dApp can be made to give as many people as possible an opportunity to participate.

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Deposit Schedule Update

Due to the ongoing heavy traffic and gas fee volatility the Ethereum network experiences, we decided to open Staking-dApp deposits 72 hours before the start of the lock-up period. This will give users an additional 48 hours to deposit their tokens to participate in the IGNITION Staking Round.

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Staking dApp

Any amount of DEXG can be deposited until the deposit period ends. The withdrawals of tokens will be enabled on 30th September at 13:00 UTC. Please access the staking app at the following URL:

For more details on the IGNITION Staking Round please refer to our previous announcement and medium post:

How to use the Staking dApp

The Staking dApp has a simple graphical user interface, the whole staking process can be initiated with a few clicks and should be a process everyone that used Uniswap or other dApps has experienced before:

  • Step 01: Go to https://stake.dextoken.io/
  • Step 02: Connect your wallet (i. E. Metamask).
  • Step 03: Navigate to the Deposit tab.
  • Step 04: Enter the amount of DEXG you’d like to deposit for the staking round.
  • Step 05: Approve the amount of DEXG with the smart contract. (confirm the transaction with your wallet)
  • Step 06: Deposit the amount of tokens you’ve chosen for approval. (confirm the transaction with your wallet)

Token Minting Timeline

The IGNITION Staking Round tokens will be minted at 21st September 2020 12:00 pm UTC, together with the initial team- and fundraising tokens.

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The minted tokens will increase the circulating supply to 30,500 DEXG. We will update the latest changes to the circulating supply at CoinMarketCap and CoinGecko accordingly.

We also would like to invite you everyone to our official community channels if you have any questions or want to share your experiences.

Resources

© DEXG Team

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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