Founded in 2020, DxSale was one of the first decentralized launchpads to offer a safer solution for DeFi ICOs. Recently, however, we have seen a resurgence of scams on Twitter of the same unsafe practices: in June 2023 investors are still falling victim to the ICO structure of rug pulls and scams. It’s time for a reality check.
In this article, we will investigate DxSale’s history and its core features, including recent upgrades to protect developers and investors. We will also learn to use simple educational materials that protect investors from scams and allow developers to assure a safe launch environment.
DxSale Through the Years - A Multichain Story
DxSale launched on Ethereum in 2020 as the first DeFi launchpad to offer the Initial DEX Offering - a fundamental improvement on the Initial Coin Offering model. The launchpad integrated decentralized principles of DEXs like Uniswap to protect initial investors using trustless smart contracts.
As a first mover in the IDO space, DxSale has performed some of the most historic launches in DeFi history - IDOs with ATH profit margins from 10,400% - 8,325,000%. Remember SafeMoon? That launched on DxSale.
Over 11,000 project launches later, DxSale is still launching consistent upgrades - most notably multichain functionality. Today, DxSale offers its launchpad products on 21 unique blockchains, including EVM chains, Polygon Matic, and even 3 different testnets. Unlike other long term launchpads, DxSale does not have a staking token gate keeping the public from participation.
In accordance with its decentralized maxims, DxSale is notable for only using organic growth safe practices. It is one of the few launchpads that doesn’t use API scan click-farming tactics. The Anti-Dump feature of DxDAO provides trustless assurance that fees collected from the launchpad cannot be used to dump on launch tokens.
Additionally product releases like DxMarketing are regularly implemented to help developers products thrive - and what’s more, their team is expanding. Expect to see new DxTeam members soon, alongside a fresh approach to marketing. Interested in a position? The applicant pool is already competitive, so I’ll let you DYOR ;)
DxSale Journey - Key Product Features
Over three years, DxSale has launched an impressive suite of products designed to add value to the DxSale community. Each feature solves a core vulnerability of traditional systems using Skynet-audited smart contracts (don’t worry it’s not the Skynet from T2*).
DxMint
DxMint allows any user to easily create a new token on any chain supported by DxSale. Coding knowledge is not required, but a strong understanding of market conditions and tokenomics is necessary to create anything potentially valuable.
DxLock
DxLock, lauded as the most popular locker dApp in the world, allows users to lock their tokens or liquidity pool using a publicly verifiable contract. The most common reason for a token “rug pull” occurs when scammers launch a token, allow it to trade briefly, and then pull the liquidity, creating a terrifying red candle to 0. DxSale allows tokens to launch with audited assurance against such a scam.
Developer KYC and Audits
DxSale has partnerships with 17 vetted auditing firms. Serious developers can opt for an audit as part of their launchpad, enjoying a hassle-free experience for their team and investors. Launch teams can doxx themselves as part of the audit, providing additional assurance to investors.
DxMarketing
The DxMarketing package is a complete incubation plan for pre-raise and post-raise marketing. Responsible launch projects will consider spending up to 20% of their raise amount on an incubation package. Pre-launch marketing ensures a healthy raise, and post-launch marketing rewards investors with a growing token user base.
DxDrop
What’s a good launch without an airdrop to its loyal community? DxDrop is a simple yet effective tool for launching projects to distribute an airdrop without any hassle on the user-end.
Hopium - NFT Brawlers
NFT Brawlers is a developing project (on hiatus) building an Arena Brawl fighting game. It was designed to allow avatars represented by NFTs minted from collections launched on DxSale fight it out in a Web3 arena.
This Street Fighter themed gem began development in February 2022, and so suffered the fate of other projects from that era. The bear market put a pin in NFT Brawlers development… but will we see this world warrior rise from the ashes as DxSale continues to expand?
DxSale Educational Guides
Have you ever felt confused while participating in an IDO? DxSale docs include useful walkthroughs for product features and DeFi best practices.
The How to Use simplifies the process of using the dApp on all 21 supported chains.
The DYOR Guide is a quintessential educational guide useful for anything from avoiding scams to identifying valuable launch tokenomics. This is recommended material if you don’t understand how tokenomics, vesting, and initial liquidity affect token price after TGE.
The Launchpad Guide illustrates all key features of the 2023 DxSale v4 update. Notable improvements including FairLaunch and Overflow launch parameters.
Snap Back to Reality
Despite the tools DxSale has built to protect IDO users, we are seeing a viral trend regression back to the same old scams that plagues ICOs in 2019. Don’t you know that when you send money to an address from meme coin or influencer Tweet you can be 99% sure that #yougetnothing?
As the bear market reverses, we will see projects launching on all fundamental blockchains that provide incredible opportunity to anyone who is paying attention. DxSale, with its ramped-up marketing plan across 21 chains, is one of your best chances to be involved in the next fundamental 100x. With no launchpad token gatekeeping the public from DxSale participation, anyone who does their own research has the potential to ride the moonshot.
Get Involved, Stay Informed
DxSale has just opened a new Discord server with fewer than 1,000 members. OGs here will be happy in the coming months. Join our community and say hi!
Today DxSale launched a new Zealy campaign. I wonder what awards await the early questers.
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Keep building, degens. Meet me on the launchpad. I’ll see you on the moon.
Cheers,
* Locke*
DxSale Links
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