Dex223 ICO
DEX223 token presale
Philosophy
Our goal is to build a fully decentralized exchange with an emphasis on security. We value the safety of users funds above anything else and we will do anything to prevent any losses that may occur either due to a user mistake, hackers attack or any other means.
The exchange must be built in a way that will allow all its components and processes to operate smoothly independently from the development team which includes (1) smart-contracts, (2) listings of new tokens, (3) interface.
We are constructing a truly decentralized, unstoppable application that will operate forever once launched.
INNOVATION
Unique Features
DEX223 introduces a number of revolutionary concepts that no other exchange implements in the same way currently. These features will drastically improve the security, make token listings as easy and transparent as possible and allow on-platform lending of assets.
ERC-223 Support
The support of ERC-223 token standard will solve the problem of ERC-20 design that caused a loss of $201,690,000 worth of tokens on Ethereum mainnet as of 29/08/2023, allow us to give users full control over their funds during the exchange process eliminating the need for approvals. This can optimize the GAS usage by approximately 15% in some cases and also lay the foundation for the implementation of "encapsulated margin trading" at the platform.It will still be possible to fallback to ERC-20 for the users of our platform however should it be necessary. The exchange will fully support the ERC-20 standard alongside ERC-223.EIP-7417 will make ERC-20 and ERC-223 tokens interchangeable so that it will be possible to create a ERC-223 wrapper for any existing ERC-20 tokens in order to enhance the security of token holders funds. ERC-223 versions of existing ERC-20 tokens created via EIP-7417 and their ERC-20 origins will be merged into one liquidity pool.
Encapsulated Margin Trading
On DEX223 users will be allowed to create "lending orders" where they can place their funds (in any token) and specify
interest rate
deadline
markets that borrowers are allowed to trade on
required collateral
other configuration options
Another user can borrow the funds from the "lending order" if they deposit the required collateral amount. After entering the lending order the borrower will gain control over the borrowed funds and will be allowed to make market trades with them at the markets specified by the lender but not to withdraw them from the platform.Liquidation will be implemented as a function of time and expected balance. If the lender provided 15 ETH at 20% interest rate for 30 days then the cumulative balance of the borrowers positions must be 18 ETH at 30th day or 16.5 ETH at 15th day. For each moment it is possible to calculate the expected balance and actual balance that the borrower would have if he sold all the tokens immediately accounting for liquidity. If the actual balance does not match the expected balance then anyone would be allowed to execute the "liquidation" of the borrower in exchange for a small reward specified by the lender at the time of order creation. Liquidation will trigger the market sell of all the active borrowers positions.This implementation eliminates the problem of price oracles.
Transparent Auto-Listings
On DEX223 users will be allowed to import any existing tokenlist from http://tokenlist.org/ or import tokens from the auto-listing contract. Auto-listing contract will allow anyone to list a token on the platform without asking for anyones permission or interacting with the exchange team.Auto-listings contract will serve as a more decentralized version of tokenlists. The collected listing fees will be redistributed between DEX223 token holders as revenue. Listing fees will be configurable by DEX223 token holders via the voting sessions.
ALLOCATION
Tokenomics
The original D223 tokens will be issued in November 2023 on Ethereum mainnet. Once DEX223 is deployed a fee will be charged for any on-platform trade. This fees will be redistributed among D223 token holders in proportion to their share. Unsold tokens will be subtracted from the total supply i.e. if the platform will accumulate revenue before public ICO round then 32% of the existing tokens will get the rights to claim the revenue as if 68% of tokens allocated for public sales didn't exist.
Unsold tokens from pre-ICO sales and public sales will be re-allocated for the next public round until all tokens are sold. The development team adheres to the policy of financial transparency. A full financial report regarding the distribution of any funds collected from ICO or private sales will be published quarterly.
Total 100%: 8,000,000,000 D223
3% 240,000,000 D223 Exclusive pre-ICO sales at SOY.Finance
9.5% 760,000,000 D223 Core team allocation
9.5% 760,000,000 D223 Project development & team incentivization
10% 800,000,000 D223 Private investment rounds
68% 5,440,000,000 D223 Public sales
INFO
Token information
Uniswap V3 daily trading volume is $883M at 29/08/2023. Assuming that all D223 tokens would be sold, if DEX223 will reach 5% of the Uniswap's trading volume with 0.2% taker fee the revenue of D223 holders will be $2,649,000 per month.
With this numbers the ROI for the D223 tokens purchased at a public sales price will be 397% with just claiming trading fees revenues for 1 year.
Token name: DEX223
Network: Ethereum
Ticker: D223
Max supply: 8,000,000,000 D223
Decimals: 18S
tandard: ERC-223 / Convertable to ERC-20 via EIP-7417
Public safe price: $0.001
COMPETITORS
Comparative analysis
BUILDING TRUST
Introducing our Past
Achievement - Soy.Finance
Proven Enterprise Experience
Our team's credibility shines through our collaboration with Callisto Enterprise, where we developed a cutting-edge exchange that met their specific needs and standards.
Unblemished Security Record
Trust is paramount in the crypto world, and we're proud to share that our exchange has remained unhacked for three years, underlining our relentless commitment to security.
Next-Level Efficiency with ERC-223
Not only does ERC-223 offer the same reliability as ERC-20, but they also burn 40K less gas, translating to cost savings and a greener footprint. Here are ERC-20 transactions and here are ERC-223.
FIGHT
ERC-20 vs ERC-223 fight
Unveil the full history of ERC-223 vs ERC-20 fight going since 2017 here
Tokens and plain ether are deposited differently to "Externally Owner Addresses" (addresses owned by humans) and to smart-contracts. Ether and ERC-223 tokens automatically determine if the recipient of the deposit is a contract or EOA and decide the method of deposit accordingly. ERC-20 tokens however place the burden of determining the transferring method on the user. Even worse, if the ERC-20 token transferring method is chosen incorrectly, this results in the loss of tokens due to the impossibility of error handling with ERC-20 standard.
This problem of ERC-20 standard is widely known:
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