Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
Crypto industry has rendered decentralization a mainstream term. People love the fact that this space can give the power back to their hands. Currently, there are decentralized exchanges (DEXes) like Uniswap, 1Inch Network and more. that offer users a means to eliminate any intermediaries from their financial matters. DexCoyote, a decentralized launchpad offering services like Initial Dex Offering (IDO), is doing wonders in this decentralized space.
Eyes on Big Listings
IDO is a concept where a project uses a decentralized exchange to offer their native coin. A user can simply visit the Token Generator section on DexCoyote website, connect the crypto wallet and select the create token option. All he has to do is select the chain from Ethereum, BSC or Polygon. After filing the necessary details like the name of your token, total supply and more, click on create token and you are good to go.
The process will release your newly created token on the blockchain and credit the supply to the creator’s wallet. DexCoyote is a free to use service where projects can easily create and distribute native tokens of their network. For the Initial DEX Offering, users are required to access the Listing section on the website. This process is a bit longer in contrast to token creation.
The users need to add their project’s native token and set the desired supply for IDO. Furthermore, services including, launching token airdrop, and more are free. But the dex will earn a certain percentage in commissions through sales. The company also has their native digital asset called HOWL and is available at the most popular automated market maker, Pancake Swap.
Currently, a total of 10 Billion HOWL tokens are circulating in the market. Half of the tokens are designated for referral programs, 20% for marketing, 5% for project teams, and more. DexCoyote currently has over 70,000 users and 37,000 subscribers in their network.
DexCoyote has an interesting roadmap out of which several marks have already been achieved. This includes token release, reaching 50,000 holders, publication in Forbes and Bloomberg, and more. Now the company is eyeing a listing on CoinMarketCap and CoinGecko. Additionally they want to onboard 150,000 users on the network by Q1 2023.
The network team consists of some fine individuals including the founder Kirill Sagitov, Irene Malikova (Product Manager), Dmitry Filinov (backend developer), Mikhail Vinogradov (smart contract developer) and more.
2023 has not been kind to the traditional markets, especially the recent collapse of renowned financial institutions. This has lowered people’s trust on centralized entities. Crypto market being a decentralized space has attracted a lot of individuals in the sector, however, recent bloodshed in the sector has raised concerns regarding this industry too.
Satoshi Nakamoto brought the concept of Bitcoin in 2009 to eliminate centralization and give control back to the people. DexCoyote is contributing to this legacy alongside other projects in the market.
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Source: https://www.thecoinrepublic.com/2023/03/15/dexcoyote-is-pushing-new-projects-up-by-offering-idos-in-the-crypto-sector/