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What’s up fighters?
The one that IndoDEX has been waiting for has finally been released. Yes! A detailed description of a DEX that will revolutionize the crypto market in Indonesia.
If you have been roaming around the searching engine looking to know what IndoDEX will look like and trying to dig deep in it, with the release of project details in gitbook today, search no more :)
Okay let’s get started! First, you will find the Roadmap that has been shared before here
You can find product information, where a detailed explanation of the features available in IndoDEX will be explained here. As starters, the three main features of IndoDEX that will be launched are trading features, yield farming, and staking. Calm. This is just the beginning! IndoDEX plans to have many features that can accommodate the needs of traders and increase the utility of IDDX.
Exchange
There are two main functions of this trading feature. First, there will be a swap function, where users can exchange one coin for another and a liquidity addition function, where users can add liquidity to the IndoDEX platform.
By adding liquidity, users will be given incentives in the form of transaction commissions. In addition, there are many other advantages if the user becomes a liquidity provider (liquidity provider or commonly called LP) on the IndoDEX platform.
Yield Farming
At IndoDEX, we use our farms to primarily incentivize users to provide liquidity for their favorite projects by rewarding them in IDDX. We are foremost a DEX, so the more liquidity we have the more users can trade. It’s in our best interest to encourage liquidity for popular trading pairs on IndoDEX!
Using our farms, users can stake their IndoDEX-LP tokens after providing liquidity to earn high APYs through our platform.
If you’re considering supplying liquidity to one of our pools in order to farm, it’s important to understand the effects of impermanent loss. For a great guide on impermanent loss, check out this article from Binance Academy.
Staking Pools
In IndoDEX, users can also stake IDDX and will get benefits in the form of other tokens.
Projects that want to grow can also donate their coins through staking on IndoDEX to incentivize IndoDEX users to support the project.
After product information, you will also find information about the tokenomic mechanism on the IndoDEX platform. A small leaks from us, IndoDEX will use the mechanism of deflation rather than inflation. In the end, less and less IndoDEX tokens will enter circulation. However, there is no need to rush to take advantage of it, as we need to provide incentives to liquidity providers.
What about information on how much supply is in circulation, token distribution, and so on?
For more detailed information about tokenomics, calm down, soon detailed information about tokenomics will also be released soon. Therefore, don’t miss the latest information from IndoDEX, make sure you also join the English-only IndoDEX telegram group.
If you still have questions, some of the frequently asked questions have also been added to the detail project. If your question is still not answered. You can directly ask in the forum, we are happy to answer all questions and concerns of all you!
For freedom!
Project Detail Link: https://docs.indodex.io
IndoDEX
IndoDEX is a decentralized exchange (DEX) on Binance Smart Chain focused on revolutionizing the Indonesian cryptocurrency market.
Follow our socials:
Telegram https://t.me/indodex
Twitter https://twitter.com/indodex_
Gitbook: https://docs.indodex.io
