What is CANDYDEX Token?
CANDYDEX is the governance token of CANDYDEX. It is a decentralized exchange on Etherscan, Binance Smart Chain,Polygon, Avax, Fantom & USDT. Trading in CANDYDEX token (CANDYDEX) allow crypto-holders to participate in the governance of this finance protocol as they enter to explore the space of decentralized finance (DeFi). CANDYDEX (CANDYDEX) is a cryptocurrency, deployed on POLYGON Smart Chain(MATIC). Unlike other decentralized exchanges, CANDYDEX tokens allow holders to buy ETH, BNB, MATIC, AVAX, FTM & USDT-based crypto coins, which is termed as a “swap”. The action is seen as a more liquid way of exchanging large amounts of crypto.
What are the use-cases of CANDYDEX ?
- Users can swap tokens, provide liquidity, and cross-chain tokens from other chains.
- Cross-chain
- BORROW
- Multiply
- Options
- Gasless transactions
- Franchised pools
CANDYDEX IDO Launch :
CANDYDEX will hold an Initial Dex Offering on 23 april. The IDO will happen on CANDYDEX.
- Round 1 :23/4/2022 Price : 0.1USD
- Round 2 :will be announced after round 1, Price : 0.5USD
- Round 3 :will be announced after round 2, Price : 1USD
This IDO is one of the most anticipated for April 2022. The CANDYDEX IDO launchpad is often met with exciting sentiments.
CANDYDEX Burn Event :
80000000 CANDYDEX tokens are being burned(roughly 16% of the current total supply). The new total supply after the burn will be 420000000 CANDYDEX tokens.The Token burn event happened before CANDYDEX IDO sale started.
Tokens burn link: https://polygonscan.com/tx/0x01a7fad5760e8ce2547d1e62abc382f23659e66c6b78ded73d9a6b142cbac946
CANDYDEX Token Supply :
- Token Name: CANDYDEX
- Total Token Supply : 500000000
- Pre-Sale : 20% (Round-1)
- Liquidity Provision : 12%
- Liquidity Incentives : 13%
- Promotions : 6%
- Donations : 3%
- Reserve : 3%
- Advisors: 4%
- Dev: 1%
- Burn: 16% (Round 1)
CANDYDEX’s Future
The future of CANDYDEX depends on the future of decentralized finance. Decentralized exchanges are still expensive, slow and relatively insignificant compared to mighty centralized exchanges such as Binance.
But with centralized exchanges suffering repeated bouts of downtime during periods of crypto price volatility, the appetite for DEXs is growing—and aggregators like CANDYDEX’s are there to pick up the slack.
Some of the CANDYDEX token supply is earmarked for development, which has seen the exchange integrate new liquidity protocols at a rapid clip. So long as the market doesn’t bottom out, there’s no reason to suspect that the pace of development will slow any time soon.
What is CANDYDEX ?
CANDYDEX is a DeFi platform for users to swap tokens, borrow BNB,MATIC,AVAX,FTM,ETH against their favourite cryptocurrencies or increase their exposure. The platform allows decentralized finance (DeFi) users to borrow, multiply their exposure to cryptocurrency and earn on their assets, The CANDYDEX mission is to provide the most secure, trusted entry point to deploy capital in DeFi. The team is composed of passionate thinkers and builders driven to create a better user experience for all while being able to maximise returns. For more information, visit CANDYDEX.FINANCE.
CANDYDEX aggregates multiple DEXs into a single platform and allows traders to track movements of thousands of tokens and synthetic assets and forecast the market movement before it moves. In doing so, CANDYDEX tackles the principal vulnerability of today’s DEXs: significant slippage, non-real time information, and the lack of market indicators.
CANDYDEX has grown to 5000+ holders and over 3500+ telegram & twitter members in a few hours one’s IDO sale started! With a steady climb in IDO sales within the coming weeks. CANDYDEX will continue growing and attracting more potential users.
The great and the trustable feature here is the token contract was audited from “Tech Audit”, “Audit Whale” and others for best in standard features, there are more audits from other trusted entities like “Haze Crypto”(28th announcement) , “Certik” (Pipeline) and “Hacken” which are in queue for final reports.
CANDYDEX Community :
Official Website: https://candydex.finance/
Telegram – https://t.me/candydex_finance
Twitter – https://twitter.com/CandyDex
Disclaimer: This is a paid post and should not be treated as news/advice.
