Centralized exchanges are often the subject of controversy. $200 million of customer funds stolen from Ku-coin in 2020! 119,756 BTC lifted from Bitfinex in 2016! And who could forget the original, infamous CEX, Mt. Gox, being robbed of a whopping 850,000 BTC in February of 2014; 750,000 of those belonged to Mt. Gox customers. The bottom line is that if you trade on a centralized exchange, you don’t own it until it is withdrawn.
“Centralized exchanges are subject to a tremendous number of problems simply because they contravene one of the cardinal laws of cryptocurrency — the owner of the private key is also the owner of the asset.” -Miko Matsumura, Cofounder Evercoin Exchange
With the explosion of DE-FI and the proliferation of ERC-20 tokens into the ethereum network, decentralized exchanges such as Balancer, Uniswap, and Kyber have taken center stage with Uniswap bringing in a massive haul of ~$9.5 billion in trading volume in the month of October.
The main issue with DEXs is that liquidity pools can be unreliable. With liquidity being provided by users and independent project teams. If tokens are withdrawn from the pool, or moved to a different pool, the trading experience of users suffers. Additionally, this can cause dramatic volatility and price slippage, or even a total loss (rug-pull). It is almost impossible to be able to always find the best price and platform to trade your tokens on.
These issues make it so many people continue to use centralized exchanges because of the many tools they provide to traders. Order books allow traders to strategize and be more precise with their speculation. DEXKIT has a number of tools that will bring the enhanced usability of CEXs to decentralized exchanges!
DEXKIT’s swap aggregator is a swap platform that scans 13 of the most popular decentralized exchanges to ensure that you are always getting the best price with the most reliable liquidity. It uses a familiar Uniswap-like interface that is easy to use and understand.
DEXKIT knows that it is important that swaps are made quickly and seamlessly. This is why the aggregator is so useful. Imagine how much time and money you will save when you employ DEXKIT’s technology to help you complete trades while limiting the risks associated with using decentralized exchanges. Almost everyone who has used a decentralized platform knows the frustration that comes with missing a trade by minutes or even seconds. With the aggregator you can easily find the best value and make profitable trades quickly!
Try the swap aggregator here!
Every trader wants to make the most informed decision possible when investing. DEXKIT is working to give users of their platform all of the TOOLS needed to be profitable. The DEXKIT toolbox has many features planned that go far beyond the swap aggregator and will allow DEX users to:
- Place stop/limit orders
- Trade with leverage
- Run arbitrage bots and profit from orders through ‘arbitrage mining’
- Take advantage of 0x mesh liquidity and protocol statistics
- Place private orders
- Deploy your own, branded DEXKIT aggregator, or decentralized exchange with a customizable dashboard to add/remove pairs and adjust trading fees
- Create an NFT marketplace with full WordPress integration giving creators endless customizability and integration into their existing websites
- Participate in DEXKIT’s open source technology that will evolve and reward them for using and promoting the project.
The token allocation is as follows:
- Max Supply: 10M
- 5% to the team with a three-year staggered release
- 15% to the OTC sale
- 15% for Partnerships & Exchanges
- 20% for Marketing
- 20% for Development
- 25% for Liquidity
KIT Token has the following utility upon launch with more features planned for the future:
- Each month, fees accumulated from KIT products are pooled together. Stakers are then rewarded from this pool with ETH based on their respective stake. KIT holders can stake any amount for any duration and will immediately begin earning rewards for doing so. Two factors go into determining rewards for stakers; the total size of the pool versus the amount an individual has staked and the amount of ETH the platform has collected from fees. There is no penalty for unstaking, and stakers are not required to provide ETH and are only required to stake KIT. ETH rewards are automatically credited upon unstaking.
- Anyone who wishes to run a branded aggregator is required to hold a set amount of KIT tokens to do so; providing further utility.
- Everyone who takes advantage of DEX tools such as limit orders, stop limits and arbitrage bots MUST hold KIT in order to use these features.
- Additionally, by adding to the KIT liquidity pool users will farm a secondary token BITT, a social media-based token with utility within Discord and SANDBOX.
The DEXKIT (KIT) token sale will run over three rounds starting on the 14th of November 3:00 UTC. Buyers will send ETH to a smart contract with a minimum buy of 1 ETH and maximum of 25 ETH per investor. Purchasers will receive KIT tokens starting when the sale is complete on December 5th or when the hard cap is reached. 1,500,000 KIT has been allocated to the OTC sale with a hard cap of 2650 ETH and a soft cap of 1000 ETH. This project is completely funded by the community and there will be no private sales or VC backing.
Round one: 0.00133 ETH/KIT 300000 tokens available
Round two: 0.0017 ETH/KIT 450000 tokens available
Round three: 0.002 ETH/KIT 750000 tokens available
Click here to join the OTC sale!
UNISWAP LIQUIDITY LOCK
If Hard Cap is Reached: 250000 tokens and 625 ETH at 0.0025 ETH/KIT
If Soft Cap is Reached: 150000 tokens and 300 ETH at 0.0020 ETH/KIT
Telegram/OTC sale: https://t.me/dexkit