Multi-Chain P2P OTC Platform Dexpools Announces Successful Beta
December 22, 2021. After spending much of 2021 in stealth, peer-to-peer DeFi OTC trading platform Dexpools has successfully closed its first community beta.
The multi-chain platform will launch mid January 2022 with support for trustless peer-to-peer transactions on the Ethereum, Avalanche, and Moonriver chains, with Polygon, Binance Smart Chain, and Fantom support expected in Q1 of 2022 and cross-chain swapping functionality late 2022.
After a robust application process, the Dexpools team onboarded a select group of DeFi veterans to test key features within the Dexpools ecosystem. Over 150 beta testers created offers, transactions, and filed detailed suggestions and bug tickets for the Dexpools product team to review and prioritize.
Key suggestions received included:
- Spot trading for instant transactions if token pair ratio is met
- Partial trades
- Auto-balancer to read off of automated markets and adjust trade offers real-time
With the Dexpools product launch and IDO scheduled for January 2022, the beta test was a key milestone for the product and strategy teams to gather data and ensure platform readiness.
Led by a product development and advisory team composed of industry veterans and executives from Bitcoin.com, RelayChain, Quantstamp and other leading firms, Dexpools aims to create a robust ecosystem to support secure, slippage-free P2P swapping for traders on and across any chain. IDO launch teams can avoid negatively impacting markets with off-market trades, traders can find deals for post-IDO tokens, and whales can avoid high slippage fees associated with larger transactions.
Partnerships with decentralized exchanges, launchpads, and IDO teams / participants will enable a rich environment of traders, referral partners, and other collaborators, with the key goal of preventing value loss from slippage, providing new token launch teams with off-market options, and offering traders with an open, dynamic marketplace of token pairs to easily find offers and swap.
Key product features include:
- Offer marketplace allowing swappers to view, filter, and trade across thousands of token pairs
- Single sided staking for $DXP to generate rewards from platform use
- Private trading directly between wallets
- Asset Explorer – ability to filter for wallets holding specific tokens and send follow-up swap offers / messages
- Chat / negotiation functionality for traders (privacy settings enabled by default)
- Integration for wallets including Metamask, Coinbase Wallet, Wallet Connect, Portis, and Fortmatic
The Dexpools IDO will provide participants with $DXP – a utility / governance token with ‘auto-distribution’ of all fees generated from the platform to $DXP owners. As part of the initial offering, a private sale will be open to qualified individuals and community members that swap on the platform between the application launch date and IDO date. In addition, airdrops of $DXP will also be rewarded to wallets that swap over $1,000 USD of transactions (both maker and taker) up until the IDO launch.
To see additional details on the Dexpools IDO with our partner Solarbeam, visit Dexpools IDO on Solarbeam
For media and PR contacts, please reach out to marketing@dexpools.com
About Dexpools
DEXPOOLS is a decentralized, peer to peer (P2P) OTC DeFi platform. Individual buyers and sellers are able to create trade offers bound to specific wallets and execute a trade via smart contracts. There is no need for an escrow custodian or any trusted third party in the process.
Both buyers and sellers can set up swaps with literally zero slippage or impact on low liquidity markets. The only cost to use the platform is a low transaction fee for both trading parties vs the high slippage seen on most DEXs which can at times exceed 20-30%.
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